E-mail marketing provider ExactTarget has in a short span landed what may be a record amount of venture funding for a private
company here—$75 million since October. And that’s on top of the $69.9 million it received in May from three
venture firms on the coasts.
Indianapolis Power & Light faces potential fines and capital expenditures after allegedly updating three generating
plants over 23 years without adding the most modern pollution controls.
By issuing “voluntary environmental improvement bonds,”, local and state governments could
create special taxing districts that finance homeowner purchases of everything from solar panels to rain
gardens.
A complex system of signs along Indianapolis’ interstate highway system was pressed into action after a propane tanker exploded
in October near I-465 and I-69.
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease
a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside
the airport.
Indianapolis parking garage operator Denison shuns sexy LED lighting for Fishers supplier’s induction lights.
The decision to sidetrack a 110-mph Chicago-Indianapolis-Cincinnati train hasn’t received any attention
locally. High-speed rail could someday become an economic development engine here, but it has
not gained as much attention here as improved highways or a commuter rail line from downtown to Noblesville.
Locally based Republic Airways Holdings Inc. on Tuesday afternoon said it still might bring jobs to Indianapolis as part of
the digestion of its newly acquired Frontier Airlines and Midwest Airlines subsidiaries. But it looks like Milwaukee has wound
up as the biggest beneficiary.
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
The electricity they generate may be free, but most home- and business-owners can’t justify the upfront cost of solar
panels. A price tag of $25,000 to $50,000 for a modest system puts the cost close to luxury car territory.
Counties wanting to speed traffic among suburbs are building highways to avoid having to travel into Indianapolis. The result,
a 100-mile outer loop beyond Interstate 465, won’t be completed for years, and it won’t be built to consistent standards,
but it might help ease congestion.
IndyGo, for all its faults, is the Cadillac of transit systems in the Indianapolis region. Service breaks at county lines
and the absence of passenger shelters are among the deficiencies facing transit systems in surrounding counties.
Long tracking the emergence of information technology firms involved in the health and life sciences sector, the state’s
IT trade group, TechPoint, is undergoing a mitosis of sorts to help fuel the trend. It has created Advancing
Life Science & Health Care Information Technology, or ALHIT, which will focus on growing this subset of the IT realm.
Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana,
Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars
and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s
electric vehicle sales are up 35 percent over the same month last year.
The Central Indiana Regional Transportation Authority, IndyGo and other Indianapolis-area transit groups are the subject of
a study that could result in them being reorganized.
The city too often relied on the Department of Waterworks’ board, on consultants and on the private
operator, Veolia Water, rather than on the department’s own staff “to ensure safe and efficient
operation, maintenance and management” of Indianapolis Water. That’s one of several critical
findings of a consultant hired by the department and filed as part of a 35-percent rate-hike request
pending before the Indiana Utility Regulatory Commission.
File-hosting firm is launching new security software that could set it apart in a crowded field.
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
BioCrossroads, an Indianapolis-based not-for-profit, is cataloging Indiana businesses offering contract services to pharmaceutical
and biotechnology companies, and discovering many small firms operating in relative obscurity.
Pendleton-based Remy International today formally unveiled its ‘off the shelf’ electric motors for hybrid vehicles.
