AUG. 9-15, 2024
The long-awaited extension of Interstate 69 from Evansville to Indianapolis is finally complete. Susan Orr explores the expected impact of the route on development in Marion and Johnson counties. Also in this week’s issue, John Russell looks into the potential repercussions of a proposed 2.9% reduction in pay for physicians from Medicare. And Taylor Wooten explains how a new economic development tool could curb unwanted effects of gentrification in the Reagan Park neighborhood.
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Development expected to follow now-completed I-69 route
An interstate that runs uninterrupted from Indianapolis to Evansville opens new opportunities, particularly in Morgan and Johnson counties, where large tracts of land along the route remain undeveloped.
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Proposed Medicare cuts put squeeze on doctors
Last month, the federal Medicare program proposed a 2.9% cut to physician pay for 2025. That marked the fifth straight year that regulators proposed cutting payments to doctors for thousands of services, from stitching a wound to replacing a knee.
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East-side neighborhood could soon get TIF money
Reagan Park could soon benefit from an economic development tool that would capture the tax dollars from new developments to benefit existing residents and potentially help them stay in their homes.
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Indy prepares to take big step in pedestrian safety efforts
The City-County Council is expected on Monday night to approve a sweeping measure that has the ambitious goal of eliminating pedestrian fatalities by 2035.
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Mark Montieth: A quiet champ
Nix got his medal by running the first leg of the 4×400-meter relay in the 1984 Olympics in Los Angeles.
Read MoreIndiana 250: Robert Shegog
Robert Shegog oversees the day-to-day operations of the Recorder Media Group—the Indianapolis Recorder newspaper and the Indiana Minority Business Magazine. He is responsible for determining the overall direction of the newspaper and magazine and the publications’ community outreach efforts, devising the company’s goals and long-term agenda, making all business decisions relative to insurance and employee […]
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Made in Indiana: Hickory furniture by Old Hickory Furniture Co.
History: Old Hickory’s origins date to the late 19th century, when Billy Richardson began selling hickory chairs and rockers on Saturdays in Martinsville’s town square. Old Hickory Furniture Co. was founded in 1892 and incorporated in 1899. The Richardson family owned Old Hickory until the 1960s, when it was purchased by hotel chain Ramada, which […]
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SK Hynix lands $450M in federal CHIPS Act funding for Indiana facility
The funding is in addition to the $700 million the company will receive through an incentive agreement with the Indiana Economic Development Corp.—one of the the largest economic development deals in Indiana history.
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Fast-growing MBX Biosciences raises another $63.5 million in funding
MBX is focused on the discovery and development of novel precision peptide therapies for the treatment of endocrine and metabolic disorders, such as hypoparathyroidism, post-bariatric hypoglycemia and obesity.
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Conexus launching network aimed at hardtech innovators
In a switch from its original focus, the Hardtech Innovators Network will seek to help those who actually do the hands-on design, engineering and innovation work at Indiana companies.
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Veteran groups join forces to push for legalization of electronic pull-tab gambling
The “Big Four” veteran organizations are forming the PlayIN for Charity alliance, which will advocate for enabling legislation in 2025.
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Zionsville Town Council votes to reject South Village plan
Last week, Mayor John Stehr said he wanted to withdraw the South Village PUD ordinance from consideration because he did not believe there was enough consensus about the plan among council members.
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Tech startup Arrive recruits former Carmel mayor, Elevance CFO
The two additions could help Arrive AI—a maker of smart mailboxes with security and temperature-control features—to gain more traction with municipalities and health care providers.
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New report shows soccer stadium taxing district could generate $2.1B over 32 years
Of the $2.1 billion in taxes expected to be generated through the district from 2025 to 2056, about $1.7 billion would come from state income and sales and use taxes, the report says.
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New High Alpha startup offers financial services to fellow startups
Topo Advisors was founded by its CEO, Tim Page, who formerly helped advise High Alpha portfolio companies when he worked as finance manager at the venture studio.
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I-69’s final connection to Indianapolis expected to boost Evansville’s economy
Business leaders say the large amount of land that can be developed north of Evansville along the interstate gives the city unlimited possibilities for growth and change.
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Carmel-based logistics firm plots exponential growth
Koola Logistics received approval from the Indiana Economic Development Corp. for $4.25 million in conditional EDGE tax credits to expand their payroll to 250 by the end of 2026.
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Editorial: I-69 completion is lesson in perseverance
Congratulations to former Govs. Mitch Daniels, Mike Pence and Eric Holcomb, who made I-69 a reality—and congratulations to the multitudes of business and community leaders who advocated for the project along the way.
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Lesley Weidenbener: Small steps that build strong communities
My Garfield Park neighborhood is growing and changing, thanks in part to entrepreneurs including Josh Haines and Phil Kirk who are taking a chance on bringing retail and restaurants to the area’s commercial strip.
Read MoreEmil Eikyor: Let’s unite Indy for inclusive innovation and prosperity
Fostering robust connections between minority-owned businesses, larger corporations and existing business networks is crucial for sustainable growth
Read MoreKevin Teasley: Proposed graduation requirements are floor, not ceiling
There is nothing that prevents high schools from doing more than required.
Read MoreGarrett Mintz: Changing our approach to business development, part 2
That leaves time and reputation as the two biggest factors business development professionals must overcome to build trust and close the deal.
Read MorePete the Planner: Why your personal finances are not really that personal
A stakeholder is any person or entity that has an interest or concern in the direction of an enterprise.
Read MoreCecil Bohanon and John Horowitz: Key indicator suggests inflation has finally been tamed
Nevertheless, the inflation rate has stubbornly remained above 3% since the summer of 2023.
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Developer tearing down six-story building by Glendale to build retail, office project
Demolition already has begun on the 56-year-old office structure, which was purchased out of foreclosure for $1.59 million. The developer envisions restaurant, retail and medical office tenants that will vibe with continued redevelopment along the Keystone corridor.
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Buca di Beppo files for bankruptcy, closes Indianapolis restaurant
Italian restaurant chain Buca di Beppo filed for Chapter 11 bankruptcy on Monday, days after closing 13 underperforming eateries nationally, including one of its three local locations.
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North of 96th roundup: Wally’s to break ground on expanded store in Whitestown
Multiple retailers, restaurants and other businesses recently opened, closed or began planning new locations in the north suburbs of Indianapolis.
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Sold-out Gen Con attendance eclipses 71,000 as convention eyes further growth
Gen Con, a tabletop gaming convention that has been held in Indianapolis since 2003, featured more than 540 exhibitors and 24,000 distinct events during its run at the Indiana Convention Center, Lucas Oil Stadium and a handful of downtown hotels from Aug. 1 to 4.
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U.S. Sen. Mike Braun: Our education system should be nimble, innovative
While higher education is important, it shouldn’t be the sole purpose of our schools.
Read MoreJennifer McCormick: Let’s redirect our resources toward public schools
Teachers are at the heart of our education system; investing in them is investing in our future.
Read MoreDonald Rainwater: We can’t evolve education with rigid standards
Let’s prepare students for life’s opportunities instead of standardized tests.
Read MoreCurt Smith: Here’s how we move the needle on child well-being
This ad hoc group believes the key is harnessing the strength of Indiana’s nearly 50,000 not-for-profits to bring true entrepreneurial innovation while reimagining social services.
Read MoreClaire Fiddian-Green: Despite tumultuous times, there’s plenty of good news
One thing I can control is how I balance my consumption of positive and negative information and choose to approach life as a result.
Read MoreGeorge Gemelas: Nuclear needs Operation Warp Speed; Indiana can lead it
Indiana’s strengths, if harnessed, could be a key to taking on these challenges and enabling the U.S. nuclear industry to leapfrog.
Read MoreRep. Ed DeLaney: Braun’s tax proposal puts schools, others in peril
The economic lever that Daniels used was reducing the reliance of schools on local property tax by sending increased state dollars to the school systems.
Read MoreDana Black: Harris is giving the Democratic Party new life
Trust, know and believe, the MAGA crew is shaking in their boots.
Read MoreJim Shella: Age should be a factor in all of our elections
Better yet, why do we keep turning to people in the final season of their lives when we look for leadership?
Read MorePierre Atlas: July was a political roller-coaster; nothing is inevitable
We still have three months until the election, and the political whiplash that was July should serve as a caution.
Read MoreJennifer Wagner Chartier: Let’s not take anything for granted this election
It took a little more than a fortnight for the national political landscape to shift in ways we never imagined.
Read MoreGeorge Hornedo and The Rev. Carlos Perkins: We must combat the rise of Christian nationalism
The Bible says liberate the poor, heal the sick and welcome the stranger.
Read MoreBrad Rateike: The Olympics reminds us to own our roles
While ‘jacks of all trades’ have their place, an ‘ace’ will always beat a jack.
Read MoreShariq Siddiqui: We must work harder to understand not-for-profits’ costs
When we simply discuss overhead and administrative costs, we are practicing lazy philanthropy.
Read MoreAbdul-Hakim Shabazz: I’ll always call out those ‘talking crazy’
There is too much at stake to just simply walk away.
Read MoreDr. Richard Feldman: VAERS data should be looked at with critical eye
Information spreads quickly in the electronic era.
Read MoreBrian Schutt: Orr Fellowship: The proof of good is in the data
A study by Resultant last year looking into the 624 alumni showed that Orr is a win for all stakeholders.
Read MoreDeborah Daniels: The Secret Service is long overdue for major overhaul
Multiple failings have combined to cause these outcomes.
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