Produce company Caito Foods LLC is set to shut down its Fresh Kitchen operations in Indianapolis, less than three years after opening the $32 million facility.
The district next month plans to issue a request for proposals for a comprehensive study of all 71 of its schools and other buildings.
The median sales price for an existing single-family home in the Indianapolis area increased 10.1%, to $200,295, marking the third straight monthly record.
An $8 million DPW budget increase proposed Thursday would add street operators and a second shift of operations. Also on Thursday, the public works committee unanimously approved a proposal to appropriate $40 million in revenue bonds to fund road and bridge infrastructure.
The sign installed along U.S. 31 near 146th Street in Carmel says “Westfield” on both the north and south sides of the sign, even though drivers heading south are traveling into Carmel.
A group of local investors is considering adding two floors to the former home of The Varsity Lounge, which dated back to the 1940s.
UPDATE: Hogsett’s $1.2B budget has raises for police, firefighters, but drops preschool for 3-year-olds
The state will take over funding pre-kindergarten programs for 4-year-olds, but the mayor’s office opted not to include preschool funding for younger children after philanthropic support for the program fell.
The Morgan County town’s best-kept entrepreneurial secret might not be a secret much longer, thanks to private equity ownership, an expanded management team, and ambitious plans to double revenue.
The hedge fund manager, who gained control of the Indianapolis-based chain a decade ago, is facing challenges on many fronts—from declining customer traffic to a looming loan maturity.
On Aug. 5, GateHouse—a New York-based chain backed by an investment firm—announced a deal to buy Gannett for $1.4 billion.
The England-based company plans to return to full-time IndyCar competition next season for the first time since 1979 in a partnership with existing team Arrow Schmidt Peterson Motorsports.
The multibillion-dollar deal would swell the size of Elanco, which already is the fourth-largest global player in animal health.
The divestitures are part of what the company calls Project Focus, a previously-announced project to sell off non-core assets and pay down debt.
Efficiencies wrought by the merger might result in publications that rely less on local reporters and more on USA Today-type stories produced or edited remotely and published in dozens of the company’s publications.
The event, which has been hosted by the city since 2003, broke its records for exhibitors, total ticketed events, and for sales of four-day and Sunday badges.
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.