Around Indiana and the nation in recent weeks, special purpose acquisition companies, or SPACs, are shutting down and returning money to investors. In other cases, investors are taking a bath.
A letter signed Thursday by 16 city-county councilors is urging the Indianapolis Public Library Board to offer Nichelle Hayes the position of CEO following community outrage that she was passed over.
House Republican leadership appears poised to dive into culture war issues again when the legislative session starts in January, setting a target on environmental, social and government-focused investing within the Indiana Public Retirement System.
The acquisition of one of Indianapolis’ largest public companies came after months-long negotiations between Duke and San Francisco-based Prologis and broadens the firm’s logistics and industrial holdings in key locations, including Southern California, New Jersey, South Florida, Chicago, Dallas and Atlanta.
The IEDC said the location between Purdue University and Indianapolis along I-65 makes it attractive to high-tech companies, but hundreds of local residents have pushed back against the project, fearing a loss of farmland and community identity.
On paper, it’s a global headquarters project—a $100 million campus for Elanco Animal Health on the former General Motors stamping plant site just west of downtown. But CEO Jeff Simmons is hoping it will become much more.
The split is a move that state and local officials and many business leaders had quietly advocated for years because it gives each school the opportunity to develop its own strengths in the city.
The list—based on the number of times readers clicked on stories—includes several other real estate stories as well, including the future plans for Christel DeHaan’s former estate and a fitness chain’s plans to move into a former Marsh store.
A new J.P. Morgan Chase & Co. bank branch is expected to open May 1 at the intersection of 62nd Street and North Keystone Avenue, but two nearby locations are slated to close in early 2023.
State governments emerging from the coronavirus pandemic built historic cash surpluses as inflation in prices and wages drove up sales and income tax collections.
A powerful Senate Republican plans to introduce legislation next year to create a commission to consider changes to Indiana’s tax structure, including phasing out the state income tax.
Rangeline Solutions, a Microsoft partner that offers supply-chain consulting services, has been acquired by Sweden-based Nexer, which plans to grow Rangeline’s Carmel office as part of its broader U.S. expansion plans.
The company had raised $251 million in its initial public offering in January 2021, and has been on the hunt since then for companies to buy. But with the market cooling, it was unable to close any deals.
Chris Davis’ exit ends a six-year stint in which the radio station won two regional Edward R. Murrow Awards from the Radio Television Digital News Association.
