JULY 5-11, 2024
A financial firm with central Indiana ties is under investigation by the FBI, which says it suspects the firm’s executives of using investor money to carry out a “long-standing fraud scheme.” Reporter Susan Orr has the details. Also in this week’s IBJ, Daniel Bradley reports on the friction in Sheridan between the Indy area’s suburban growth and the residents who want strict controls on development to preserve the area’s rural feel. And Cate Charron explains how Indiana is beginning to leverage federal funds at its three federally designated technology hubs to accelerate the state’s standing as a high-tech sector and build a stronger workforce.
Front PageBack to Top
Financial firm with central Indiana ties faces FBI investigation, civil lawsuits
Capstone Capital Management LLC is also facing multiple civil suits filed by investors who say they were deceived by Capstone and lost money as a result.
Read More
Sheridan aims to manage growth with reorganization, but questions remain
The town of Sheridan and Adams Township are looking to merge—a move that would give Sheridan planning and zoning control over an area that is currently unincorporated and is the jurisdiction of county planners.
Read MoreTop StoriesBack to Top
Technology hubs embraced as catalyst for growth
The CHIPS and Science Act is starting to tackle its goal of fueling domestic innovation and high-tech manufacturing in the areas of microelectronics, biotechnology, artificial intelligence and more, in Indiana and nationwide.
Read More
Teaching kids or going for scares, Emmanuel Carter is an energetic rising star
The 36-year-old actor, who grew up in Indianapolis and lives in Fishers, made his on-screen debut more than a decade ago.
Read More
Derek Schultz: Labor of love
There’s another job where one has to deal with pressure (he or she has to create a perfect product every game for 70-plus games), unknowns (Indiana forecasts—ugh!), and challenges (wear and tear, heat, cold, dry, wet, etc.): director of field operations for the Indianapolis Indians.
Read MoreIndiana 250: Jeff Rea
Jeff Rea is president and CEO of both the South Bend Regional Chamber of Commerce and the Greater Niles Chamber of Commerce across the state line in Michigan. His team of 15 works with 1,300 member businesses that employ more than 85,000 people. Rea recently has been focused on driving regional economic growth and school […]
Read More
Made in Indiana: Chocolate deliveries by Birthday Chocolates
Birthday Chocolates delivers small boxes of homemade chocolates—most often turtles—to workers on behalf of their companies or organizations, usually for birthdays but also for work anniversaries or other occasions.
Read More
FAQ: What’s the deal with a potential Indianapolis MLS ownership group?
While speculation abounds on the potential involvement of the Simon family, in particular, Indianapolis Mayor Joe Hogsett has been silent about his knowledge of who might be part of the deal.
Read More
FSSA halts Healthy Indiana Plan premiums after federal ruling
The Family and Social Services Administration announced Monday it will not enforce collections of premium-like payments in its Healthy Indiana Plan insurance program, a decision it made after a federal judge struck down the state’s requirement that users contribute to so-called POWER Accounts.
Read More
Carmel looks to create designated outdoor refreshment area
Noblesville and Westfield previously approved DORAs in their cities. People in the districts are allowed to purchase alcoholic beverages from approved vendors and carry them outside to be consumed within the district’s boundaries.
Read More
New High Alpha startup, Luster, offers AI-powered sales training
Luster, which launched out of Indianapolis-based venture studio High Alpha, offers a software platform that creates custom training sessions for salespeople. The company had its public debut this week and already has landed a few paying customers.
Read More
Owner of 27-story downtown apartment tower faces $101M foreclosure lawsuit
Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.
Read MoreFocusBack to Top
Theater company to launch with story of trailblazing Black woman who played pro ball in Indianapolis
“Toni Stone,” a play based on a woman who joined the roster of Negro League baseball’s Indianapolis Clowns in 1953, will serve as the debut production of the Indianapolis Black Theatre Co.
Read MoreOpinionBack to Top
Editorial: Special downtown taxing district deserves support despite change
The Indianapolis City-County Council plans to reintroduce a proposal on Monday to create a downtown taxing district after making changes meant to bring the ordinance in line with a new state law. Those changes mean that some key downtown property owners—primarily the owners of apartment buildings and single-family homes—won’t be required to pay the tax […]
Read MoreNate Feltman: Indiana has had some fireworks in the first half of the year
Eli Lilly and Co., Caitlin Clark and the Indiana Fever, the IUPUI split and other big stories have kept the newsroom busy in 2024.
Read MoreDanielle McGrath: Power companies are looking out for reliability, customers
Rigorous protections ensure the reliability of Indiana’s power supplies. On a regular basis, Indiana’s major electric providers submit plans to state utility regulators outlining how they will meet projected power demands. State
Read MoreKen Ogorek: Catholic event will create unity and economic boon
Just 10% of Indianapolis residents consider themselves Catholic, but the National Eucharistic Congress welcomes all. The significance of this enormous religious gathering will undoubtedly benefit the broader Indianapolis community.
Read MoreAngie Stocklin: The right timing can be the secret sauce to success
Unfortunately, time doesn’t allow us to go back and do a pure A/B test on how we started our business, but I have a theory on why it worked: timing and execution.
Read MoreMickey Kim: Debt indispensable, but addiction can be devastating
The challenge is determining an “appropriate,” or responsible, level of debt or leverage.
Read MoreCecil Bohanon and John Horowitz: Hospital mergers can bring big economic consequences
Merger-related price increases mean employer-sponsored plans pay hospitals more for each procedure, meaning health insurance companies charge more for health insurance.
Read MoreIn BriefBack to Top
Broad Ripple-based PR firm Blastmedia acquired by Boston firm
Blastmedia, a public relations firm which serves business-to-business software companies, is now doing business as PANBlast, a division of PAN Communications. All 40 Blastmedia employees have remained with the company, PAN announced Thursday.
Read More
Marion County agencies share drug data for new report, find 134 suspected overdose deaths in 1Q
The number of deaths in Marion County due to suspected overdoses dropped 28% in the first quarter of 2024, according to a new report that seeks to give health officials a sharper perspective of the use of substances that lead to fatalities.
Read More
Boone eco-devo group furnishes $622K in grants to upgrade historic buildings in Lebanon
Among the recipients are the Lido Building, formerly a movie theater that opened in 1914 as the Olympic Theatre, and the Collier’s Corner Building, which was constructed in 1883. The Eichman Exchange Building was rebuilt in 1938 following a fire.
Read More
IndyGo receives $22M for Blue Line safety upgrades on East Washington Street
The improvements to the 4.7-mile, crash-prone stretch of roadway will include lane reconfigurations, dedicated bus lanes, new sidewalks and crossings, signage, ADA-compliant curb ramps and new traffic signals.
Read More