Bastian Solutions to build $130M corporate HQ, manufacturing campus in Noblesville
The company plans to create 250 new jobs over the next five years in Noblesville and retain and relocate 400 employees to the 580,000-square-foot complex.
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Real estate brokerage makes Indianapolis its HQ city after local growth
One of the Indy area’s largest commercial real estate brokerages has decided to designate Indianapolis as its headquarters city, after decades of being based in its hometown of South Bend.
Council committee OKs $18.8M in TIF bonds for City Market East
A City-County Council committee passed a group of proposals Monday night to set the stage for the upcoming $180 million City Market East project.
Black Acre Brewing Co. to close all locations
Black Acre’s original tap room, a production facility and a speakeasy-style bar will cease operations in February.
Furniture retailer closing Indianapolis-area stores
The move into the Indy area in 2014 was supposed to the first step in a multi-market expansion for Weekends Only Furniture & Mattress. The whole chain is now slated for liquidation.
IBJ Podcast: Internet banking pioneer Becker has bucket list but isn’t going anywhere
The First Internet Bank of Indiana founder is 69 years old and says he has no plans to hand over the reins of CEO and chairman given that developing new products and services for the bank scratches his entrepreneurial itch.
Report: Massive EV battery plant in Indiana on hold
The Wall Street Journal first reported Friday that General Motors Co. and Korea-based LG Energy Solution failed to come to an agreement on building a fourth plant through their Ultium Cells joint venture.
Gold and black brings in plenty of green
Altogether, not-for-profit institutions in Indiana landed 54 gifts of $1 million or more in 2022, for a total of $241 million, or nearly 8% higher than a year ago. Purdue University received five of the top 10 donations.
Indianapolis Symphony Orchestra retires bank debt, misses fundraising goal
After retiring a $2.5 million bank note, the Indianapolis Symphony Orchestra ended a fiscal year free of debt for the first time since 2001. Meanwhile, the ISO’s operating budget for the year had a deficit of $168,000.
Indiana Fever remove ‘interim’ tag from GM Lin Dunn’s title
Dunn, 75, who coached the Fever to the 2012 WNBA title, took over as interim general manager and senior adviser for the team’s basketball operations in February after the resignation of Tamika Catchings.
Outspoken critic of Indianapolis Library board now a member
Stephen Lane, an advocate with the Party for Socialism and Liberation, was appointed Thursday to the Indianapolis Public Library Board of Trustees by the Indianapolis Public Schools Board of Commissioners.
Feds reject Lilly’s fast-track application for Alzheimer’s drug
Donanemab’s ability to rapidly remove amyloid beta from patients’ brains prevented the required number of patients from receiving the drug for a full 12 months, Lilly said, resulting in the FDA rejection.
Hospitality industry icon Bruce White, who developed key downtown Indy hotels, dies at 70
White founded White Lodging in 1985 with a single hotel in Northwest Indiana and grew the company into one of the industry’s largest privately held development, ownership and management companies.
Indiana lawmakers weigh bill to create universal school choice program
Testimony heard in the Senate education committee raised questions about how much universal education scholarship accounts would cost and whether the state can afford to fund all students who are eligible to participate.
Indianapolis construction biz relocates subsidiary to Lebanon
Johnston Quick Mix is an operating unit of Indianapolis-based Mattingly Concrete Inc., which was founded in 1987 by Dan and Liz Mattingly.
Indiana Senate panel advances bill protecting donor privacy
Not-for-profit organizations in Indiana would be permitted to keep the identity of their members and donors secret under a bill now advancing through the Indiana General Assembly.
AES Indiana agrees to chop cost to customers of plant outages by $57M
Indianapolis-based utility AES Indiana has agreed to reduce the amount it will charge customers for costs related to the breakdown of its newest power plant from $71 million to $13.7 million under a settlement agreement approved Wednesday by state regulators.
Downtown’s Allen Plaza sold to local investment group
The building’s 58,800 square feet of office and retail space is now mostly vacant, following exits in recent years by Scotty’s Brewhouse, HomeAdvisor and third-party logistics company Backhaul Direct.
Indy 500 Snake Pit concert lineup includes DJs Kaskade, Shaquille O’Neal
Seven-time Grammy Award nominee Kaskade will headline the 18-and-older party on race day in May at the Indianapolis Motor Speedway. Basketball Hall of Famer O’Neal also is on the five-act bill.
Indianapolis Public Library brings in temporary outside executive
Anita J. Harden, founder of Interim Executives LLC and a former president of Community Hospital East, will be a contractor for up to a year, and the library system will pay her up to $190,000 for her services.