FEB. 21-27, 2025
Potential rollbacks of Biden-era policies that incentivized electric vehicle production and ownership have stirred apprehension among economic development officials across the state. IBJ’s Mickey Shuey reports on where things stand for billions of dollars in Indiana projects for electric vehicle and battery manufacturers. Also in this week’s issue, Daniel Lee takes stock of the headwinds blowing against Indianapolis-based health insurance giant Elevance Health, including the challenge of meeting Wall Street expectations while criticism of insurer profits grows louder. And Dave Lindquist has the story on the latest album by Rev. Peyton’s Big Damn Band, which is finding old-school success with a firm grip on the modern music industry.
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EV, battery manufacturers moving ahead on projects despite Trump’s views, actions
Potential rollbacks of Biden-era policies that incentivized electric vehicle production and ownership have stirred apprehension among some local economic development officials across the state.
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Elevance Health faces mix of hurdles
For Elevance Health and other big insurers, 2024 devolved into something of an annus horribilis over the year’s final weeks. And 2025 holds more challenges but also an opportunity for a rebound.
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The Rev. Josh Peyton is old-school success story in modern music industry
“Honeysuckle,” the Big Damn Band’s 11th studio album, arrives on Friday.
Read MoreLegislation targeting squatting gains momentum
Depending on whom you ask, such bills are a solution in search of a problem or an important tool in combatting property problems caused by scammers and the homeless.
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Q&A with Scott Lingle: Planting the seeds to succeed
High School Hustle, which helps teens start their first business, is now active in 13 local schools and is set to reach about 1,000 students this year.
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Derek Schultz: Alex Golden explains how his Pacers podcast has flourished
Now in the middle of season six of “Setting The Pace,” Golden, 32, has earned game credentials as a full-fledged media member.
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UPDATE: Braun says Senate-passed property tax bill ‘has a long way to go’
The Senate-approved tax bill would limit total growth in property tax revenue, which could reduce individual bills. But the Republican governor said the legislation lacks “meaningful tax cuts.”
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Purdue University launches $4B fundraising campaign
The campaign, publicly announced Monday, is the largest in the school’s history and its third billion-dollar-plus campaign in less than 25 years.
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‘Controversial’ housing development at former Westfield tree farm receives approval
The Westfield City Council voted 4-3 to approve an expansion of the Kimblewick residential community that will be built on 87 acres on the city’s southwest side.
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With InterContinental and Aloft now open downtown, what’s next in the hotel pipeline?
More than $1 billion in hotels and associated projects is under construction or set to begin in the next 12 months. Another several hundred million dollars’ worth of investment is under consideration or in the planning stages.
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Hendricks fine-tuning plans for $300M first phase of Circle Centre revamp
The developer behind the planned overhaul of Circle Centre Mall could start construction work on the $600 million project by the end of this year.
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Editorial: State must restart payments to counties housing low-level felons
Housing prisoners and fighting crime are just the types of jobs local governments need money to do, especially when they aren’t getting paid as they should for their services.
Read MoreLesley Weidenbener: Letting go of anger after layoff opens the door to opportunity
When you’re hurting and need to act, there’s no mental space for anger.
Read MorePamela Whitten: Research designation is a boost for IU Indianapolis, city
Our drive to have IU Indianapolis become the nation’s premier urban research institution will have real-world impacts on the Hoosiers who live and grow their businesses in the state capital
Read MoreDaniel J. Elsener and Lee Ann Kwiatkowski: Indiana jumped 13 places in reading. Here’s how.
These increases are the direct result of a choice made by state leaders, philanthropic organizations like the Lilly Endowment, elementary schools, their communities and courageous educators committed to a mighty push in teaching the science of reading.
Read MoreJanet McCabe: Slashing federal agencies will harm Hoosiers
Let’s make sure we know what we will lose if the agencies that help keep Hoosiers healthy and prosperous are dismantled and that we demand accountability from our elected officials to ensure that basic services to protect our health and prosperity aren’t stripped away under the guise of political rhetoric.
Read MoreMickey Kim: Are stocks in a ‘bubble’ after two spectacular years?
Financial markets have always been and will always be subject to bubble thinking.
Read MoreCharlotte Westerhaus-Renfrow: Mastering collaboration requires sense of trust
As a leader or manager, how can you use key elements of collaboration, including trust-building, conflict resolution and psychological safety to help your teams thrive?
Read MoreCecil Bohanon and John Horowitz: Climbing rate of inflation suggests interest rates cuts in 2025 unlikely
Of course, all economic data is flawed, so the CPI statistics might be a fluke.
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Gray Brothers plans to close Mooresville cafeteria, sell building for $10M
Third-generation owner Jason Gray told IBJ plans for after the sale—including when and where the beloved restaurant will reopen—are still in the works.
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Thurston Springer acquires Florida-based financial firm
Indianapolis-based financial firm Thurston Springer Financial has acquired Florida-based Peak Reps in a deal that closed Jan. 31.
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State posts second straight month of better-than-expected revenue
Income taxes drove the overall increase, with collections up 4.7% more than the agency anticipated.
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‘Pete the Planner Show’ joins new IBJ Media Podcast Network
The IBJ Media Podcast Network is made up of eight shows focusing on topics such as business, law and entrepreneurship.
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