The Indiana Sports Corp. hosted the entire NCAA Men’s Basketball Tournament, which is why IBJ has named its president the top newsmaker of 2021—although we know he would want to share the credit with others.
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The virus already has cost the region hundreds of millions of dollars, tens of thousands of jobs and more than 1,800 lives. Those losses are all but certain to grow as the calendar turns to 2021, amid an international effort to roll out an effective vaccine.
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The law, which passed with bipartisan support in April, created funding plans for most of a $360 million renovation of Bankers Life Fieldhouse and the construction of a $150 million soccer stadium for the Indy Eleven by diverting millions of dollars in annual state tax revenue to the Capital Improvement Board.
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Penske—one of the most influential companies in the history of auto racing—will become just the fourth owner of the iconic track and will take over a series that many believe is on the upswing after many years of struggle.
Read MoreIBJ Managing Editor Greg Weaver and reporters Dave Lindquist and Mickey Shuey talk about the reasons that IBJ named the Indiana Sports Corp.’s Ryan Vaughn its newsmakers of the year and why the new IU president, chair of Newfields, High Alpha partners, a SPAC specialist, an arts community power couple and the head of a local real estate investment trust all made the newsmakers list.
By Christmas, nearly 63% of adult Hoosiers had been vaccinated, with 36% of adults having received a booster shot. But among all Hoosiers eligible (including children 5 years and older), only about 52% of the state’s population over the age of 5 had been fully vaccinated, putting Indiana near the bottom among states.
Salesforce and other major employers are continuing to evaluate their long-term plans for downtown office space, nearly two years after the pandemic sent companies scrambling to accommodate working from home.
Rolls-Royce North America scored a U.S. Air Force B-52 bomber contract in September that could eventually be worth up to $2.6 billion. The company said it expects to add 150 jobs in Indianapolis as a result.
From automobiles to canned goods, certain items have been in short supply, and for a variety of reasons.
Indiana’s tech sector hit a red-hot cycle of mergers and acquisitions, pushing the number of deals well past marks set in 2018, 2019 and 2020 by the end of 2021’s third quarter. Experts said the M&A activity spoke to how the state’s tech sector had matured, as well as the gobs of cash burning holes in investors’ pockets.
Mali Simone Jeffers and Alan Bacon had the idea for cultural startup GangGang just more than a year ago, while sitting together one night on their couch: Why not incubate the creative economy and culture like you might a technology company or sector, while promoting equity along the way?
What drives Laikin is the urge to find the next important thing and get enough people excited to put their money in a deal. He wants them to dream big with him.
Indianapolis-based Kite Realty Group Trust announced in July that it would merge with Oak Brook, Illinois-based Retail Properties of America Inc. in an all-stock deal worth $2.8 billion.
The board at Newfields chose Christian to serve as the chair and lead the arts campus out of a race-related controversy that led to the resignation of its former president.
The pandemic has not slowed Indianapolis-based venture studio High Alpha—and in fact, the move to remote work and increasing dependence on technology has probably sped up its activity.
The IU board of trustees announced in April that Whitten—then the president of Kennesaw State University in Georgia—would take over as president on July 1.
The mass shooting at a FedEx facility near the Indianapolis International Airport in April made national headlines and reignited debate over a state law designed to keep firearms out of the hands of those who pose a danger to themselves or others.
A family feud broke out among Indiana Republicans this year when Gov. Eric Holcomb sued the Indiana General Assembly’s legislative leaders in his own party. He did so to challenge the constitutionality of a new law that weakens his emergency powers and was enacted by fellow Republicans over the governor’s veto.
Troubled Indianapolis-based casino company Spectacle Entertainment was at the center of multiple controversies in 2021, from its top executive being forced out to losing stakes in two new casino projects.
Indianapolis-based Republic Airways Holdings Inc. announced Sept. 21 that it will move its corporate headquarters to Carmel and consolidate its training programs there as part of a mixed-use development project.
Indianapolis lost several influential business, media, political and civic figures this year, including some of the biggest names in local sports history.
Real estate deals, police-reform legislation, a name change for the fieldhouse and more news from 2021.
Businesses that had been in COVID-19 lockdown mode for a year suddenly needed lots of employees to flip burgers, stock shelves and sell merchandise. Customers were back after restrictions were lifted and thousands of people were getting vaccinated.
Longtime commercial real estate developer Brad Chambers was named Indiana’s secretary of commerce, roughly three months after Jim Schellinger abruptly resigned the position
