Within weeks, EnerDel expects to receive notification that it’s getting as much as $480 million in financing under a U.S.
Department of Energy program aimed at fostering advanced vehicle manufacturing.
A judge has given Lauth Group Inc. a reprieve from an equity investor that is seeking to take control of most of the developer’s
properties.
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it’s becoming increasingly difficult to determine the value of properties.
The 32-year-old developer Lauth Group Inc. likely will survive in some form if the company can find financing to get it through
a Chapter 11 reorganization and if the real estate market doesn’t take too long to turn around, experts said.
Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional
investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source
of funding has dried up. The implications for Hoosier entrepreneurship are stark.
HALO Capital injects $8 million into startups in first year of operation despite recession and membership turnover.
There’s a smorgasbord available for small businesses in the federal stimulus package. The trick is figuring out how to get a plate. Plenty of local experts are serving up access to the buffet. And some entrepreneurs are digging in. But others consider the
stimulus warmed-over leftovers.
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
Indiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
The state’s overreliance on gambling, what once seemed like easy money, is becoming a major concern to taxpayers.
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end.
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut
expenses if it’s going to weather the recession.
Pathway Productions, purveyors of some of the highest-profile documentaries to come out of the Indianapolis area in the last
decade, is on the brink of extinction.
Without fresh capital â?? or loosened debt obligations â?? Carmel-based Conseco could find itself in bankruptcy or looking
for a buyer or both.
Financing is the lifeblood of companies turning intellectual property into a product or service, but turbulent economic conditions
have made it increasingly difficult to raise cash from investors who are content to wait
out the storm by concentrating on their existing portfolios.
It was not World War II that moved America out of the Great Depression.
Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central
Indiana felt the pain.
Momentive Consumer Credit Counseling Services work to change lives by helping people gain financial stability.
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million
mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.
