It was the year of the improbable, especially in politics—starting with the resignation of Lt. Gov. Sue Ellspermann and ending with the election of Mike Pence as vice president. Then there was Carrier’s flip-flip, Eli Lilly’s changing of the guard, ITT Educational Services’ collapse—and much, much more.
Donald Trump’s big victory in Indiana means his running mate Mike Pence will be vice president. It also swept Eric Holcomb into the governor’s office and Todd Young into the U.S. Senate.
Emmis CEO Jeff Smulyan tried to take his company private but fell short again, among other stories.
A longtime provider in the for-profit college education world shuttered this fall after years of pressure from federal regulators over its recruiting methods and students’ educational performance.
Political newcomer Jennifer McCormick was elected Nov. 8 as state superintendent of public instruction—a surprise to many who expected Democrat Glenda Ritz to keep her seat.
Massive real estate developments continued to roll into Hamilton County in 2016, especially in Carmel and Westfield.
Simon, the nation’s largest mall owner, is busy luring restaurants to fill space vacated by traditional retailers victimized by the growth of online shopping. Many retail landlords are seeking unconventional tenants to fill space.
Three major Indianapolis-based retailers struggling with declining sales replaced their CEOs this year as they tried to improve company financials.
Angie’s List in July changed its business model to allow people free access to its basic offerings, after nearly 21 years of requiring subscriptions. That coincided with the company’s migration to a new software platform.
Cunningham in the past seven years has opened Mesh, Bru Burger and Union 50 on Massachusetts Avenue. He launched Vida—where Amici’s Italian Restaurant once stood—in February, and followed up with The Livery on College Avenue in November.
In all, 59 percent of voters said “yes” to the referendum, which gives the council the authority to impose an income tax of up to 0.25 percent to help fund the Marion County Transit Plan.
Federal prosecutors say two American Senior Communities executives and two other men orchestrated a scheme that used kickbacks and shell companies to defraud American Senior Communities and federal health care programs out of millions of dollars.
In July, the U.S. Department of Justice sued the two companies to keep them independent. A trial got underway in November with no end in sight.
The law, passed in 2015 and tweaked in 2016, effectively put a single private firm—Lafayette-based Mulhaupt’s—in charge of deciding which companies can seek a permit to manufacture e-cigarette liquids sold in Indiana and which were shut out of the state’s market for good.
What’s driving the tiny hospitals here and around the country is cost. They’re often only 15,000 to 50,000 square feet in size and cost only $7 million to $30 million to build.
Hendricks Commercial Properties' proposal calls for 337 apartments, 339,400 square feet of office space, and 67,225 square feet of retail. It also plans to construct a 132-room hotel and a 41,000-square-foot cinema.
Ivy Tech has faced challenges over recent years, including questions about its low graduation rates and whether its programs were adequately aligned to the state’s workforce needs.
The issue got even more national attention when Donald Trump incorporated criticism of the layoffs into his presidential campaign, using Carrier as an example of what’s wrong with American trade policy.