The stock market dropped in 2022. So did the unemployment rate. Except in Indiana, where in both cases, the numbers crept up.
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The split is a move that state and local officials and many business leaders had quietly advocated for years because it gives each school the opportunity to develop its own strengths in the city.
Read MoreErsal Ozdemir—the real estate developer who brought professional soccer to Indianapolis—has married his two passions in a proposed $1 billion mixed-use project planned for the Diamond Chain manufacturing site downtown.
Carmel-based KAR Auction Services Inc., which has been working to transform itself into a digitally operated company, took a big step toward that goal when it sold its U.S. physical auto auction business to Tempe, Arizona-based Carvana for $2.2 billion in cash.
Indianapolis played host to the 2022 College Football Playoff National Championship game on Jan. 10 at Lucas Oil Stadium, bringing more than $156 million to the city in the process.
Meritor, which had 9,600 global employees pre-acquisition, is a leader in electric axle and brake technology.
The acquisition of one of Indianapolis’ largest public companies came after months-long negotiations between Duke and San Francisco-based Prologis and broadens the firm’s logistics and industrial holdings in key locations, including Southern California, New Jersey, South Florida, Chicago, Dallas and Atlanta.
The scheduled 2023 exits of Indiana Repertory Theatre co-CEO Janet Allen, Eiteljorg CEO John Vanausdall and Dance Kaleidoscope Artistic Director David Hochoy signal a significant era of transition in local arts leadership. The trio’s on-the-job experience adds up to 86 years: 32 for Hochoy, 27 for Allen and 27 for Vanausdall.
Indianapolis-based Emmis once owned more than 20 radio stations, including properties in New York City and Los Angeles. Emmis, founded in 1980, now owns just two radio stations: an AM contemporary gospel station and an FM affiliate of ESPN, both in New York City.
Companies that had done business in Russia had to decide whether to keep doing so, while companies with operations in Ukraine were faced with the challenge of protecting their Ukrainian employees and keeping their businesses functioning.
His decision means the Hamilton County city will have its first new mayor in more than a quarter-century starting Jan. 1, 2024.
Republican lawmakers used a special session called by Gov. Eric Holcomb to consider abortion restrictions in addition to Holcomb’s inflation relief package.
The sale of the estate belonging to late businesswoman and philanthropist Christel DeHaan officially closed Sept. 2, setting a state sales record in the process.
Andretti Global revved some economic development engines in August when it announced plans to establish its worldwide headquarters in Fishers, investing $200 million in the project and creating up to 500 jobs by the end of 2026.
The Indy Fuel minor league hockey team is expected to call Fishers home as soon as the 2024-2025 season. That’s because the team will be the anchor tenant of an 8,500-seat arena in a new Fishers Event Center and expanded entertainment district.
Six companies specializing in fast-casual chicken menus opened locations here, beginning with California-based Dave’s Hot Chicken setting up shop on Mass Ave in April and then in Broad Ripple in August.
The IEDC said the location between Purdue University and Indianapolis along I-65 makes it attractive to high-tech companies, but hundreds of local residents have pushed back against the project, fearing a loss of farmland and community identity.
Johnson’s Rebuilding Stronger plan has caused quite a stir, largely because of its sweeping scope.
In July, Rokita’s office began investigating an Indianapolis obstetrician-gynecologist who told The Indianapolis Star she was involved in a 10-year-old Ohio girl’s abortion.
Some business leaders said Ricks’ message was a wake-up call about the need to make big improvements in schooling, health care and social policies.
On paper, it’s a global headquarters project—a $100 million campus for Elanco Animal Health on the former General Motors stamping plant site just west of downtown. But CEO Jeff Simmons is hoping it will become much more.
Indianapolis-based Andretti Global’s announcement in August that it would build a global motorsports headquarters in Fishers.
