Butler exceeds $250M fundraising goal for its ‘Beyond’ campaign
So far, 34,622 donors have participated in the “Butler Beyond” campaign, including 13,351 individuals who became first-time donors to the university.
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IBJ Podcast: Why the Irsays are spending millions on ‘Kicking the Stigma’ effort
Kalen Jackson, one of three daughters of Jim Irsay and a vice chair in the Colts organization, talks with host Mason King about why the family decided to focus on mental health, what they’ve learned about the problem along the way and how they got so many celebrities to participate.
Cook Medical legal battle one of largest in state history
The medical-device maker is vigorously defending itself against a mountain of lawsuits that claim its inferior vena cava (IVC) filters, designed to catch blood clots, are unsafe.
Initiative will pair Black-owned businesses with downtown spots
The moves are part of a larger effort to help the city’s core recover from the pandemic, and they’re getting help from a not-for-profit that has emerged as a local leader in diversity initiatives.
Esports is exploding. Can Indianapolis capitalize?
Both the city and state could become players in the emerging billion-dollar worldwide industry.
Under fire for high prices, IU Health says it will invest $1B in community health programs
The health system said the funding plan will “support community health initiatives and education and workforce development programs statewide, including neighborhoods around its downtown Indianapolis campus.”
AES Indiana to shut down coal-fired units by 2025, parent says
The parent of electric utility AES Indiana announced Friday morning it plans to give up coal as a fuel source, a move likely to lead to the early shutdown of coal-fired units at its massive Petersburg Generating Station.
Carmel-based KAR Global agrees to sell ADESA auction unit to Carvana to focus on digital marketplace
About 4,500 employees of ADESA and KAR will be transferred to Carvana as part of the sale. That’s just under 50% of the company’s total head count. According to IBJ research, KAR has about 9,600 employees worldwide and 1,150 employees in Indiana.
Noblesville theater adding private screening rooms, ‘cuddle chairs’
Changes at Emagine Noblesville at Hamilton Town Center—formerly Hamilton 16 IMAX + GDX—include the installation of heated recliners and two 18-seat screening rooms for private events.
Holcomb signals some support for contentious education bills
Indiana Gov. Eric Holcomb told reporters that he was waiting to see the final versions of bills that would ban transgender girls from participating in K-12 girls school sports and place restrictions on teaching about racism and political issues.
International market planned for former Marsh store at 86th and Ditch
In addition to goods from Asia, Europe, Africa, Central America and South America, the store will include a butcher with extensive kosher selections, a bakery with Middle Eastern sweets, a fish market, a Mediterranean restaurant and a tax-preparation service.
NFL to allow thousands of fans into Lucas Oil Stadium for scouting combine
The NFL will offer free admission for its primetime activities at Lucas Oil Stadium, with seating in the 100 and 200 levels—the areas closest to the field. It’s a marked shift in strategy after decades of limiting public access to much of the event.
Next Door American Eatery rebrands less than a year after reopening
Boulder, Colorado-based The Kitchen Restaurant Group—which was co-founded in 2004 by Kimbal Musk, the younger brother of tech giant Elon Musk—said the name change would be accompanied by a new menu.
IPS likely to close Joyce Kilmer School 69 after losing innovation charter partner
Kindezi Academy, the charter operator that revamped the school in 2016, announced Friday that it would end its partnership with IPS and shut down operations in June due to low student outcomes and facility issues.
Navy team leaves Methodist Hospital as COVID-19 cases fall
A U.S. Navy team that was dispatched to Methodist Hospital in Indianapolis to help relieve overwhelmed staffers during a surge in COVID-19 cases has wrapped up its deployment after 60 days.
Cummins to acquire Meritor for $3.7B
Columbus-based Cummins said its acquisition of Michigan-based Meritor, a maker of electric axle and brake technology, will help accelerate Cummins’ electric and hybrid business.
Indy-based developer in home stretch of $250M industrial project in Whitestown
About three years after first breaking ground, Indianapolis-based Strategic Capital Partners LLC has already brought to market about two-thirds of the 80-acre project, known as 65Commerce Park.
Standard General acquiring WTHR parent in $5.4B cash deal
New York City-based investment firm Standard General plans to take television station owner Tegna private in the deal, which has an enterprise value of about $8.6 billion, including the assumption of debt.
State lawmakers table IndyGo Blue Line amendment
The House Ways and Means Committee on Monday tabled an amendment that would have conditioned the removal of some public transportation funding requirements on compliance with new lane minimums—which would’ve involved budget-busting redesign and land acquisition over several miles of the proposed 24-mile route.
Central Indiana homebuilders off to slow start in 2022
Central Indiana homebuilders are coming off their busiest year since 2005, but January saw a big drop in single-family building permit filings.