Republic Airways planning training center south of airport
The $3.85 million project would allow the regional carrier to train as many as 5,000 employees per year.
IBJ Staff
Articles
Developer seeks tax break on $7.9M Fountain Square project
Deylen Realty is requesting the abatement to offset the cost of building Forte, a 64-unit apartment-and-retail project on part of a surface lot that had been owned by the city.
Hurco plans to add manufacturing workers at local HQ
Hurco Cos. Inc. plans to move some of its manufacturing operations from Italy to Indianapolis, creating 35 local jobs by the end of 2017, the company disclosed in a tax-abatement request with the city.
Russell steps down as chairman at Celadon Group
Stephen Russell is relinquishing a role he’s had at Celadon Group since he founded the company in 1985. CEO Paul Will and COO Eric Meek received promotions.
Fishers-based NCA Group acquired by Louisiana firm
NCA Group Inc., an insurance-claims services firm that has been based in Fishers since its founding in 1984, has reached an agreement to be acquired by Hammond, Louisiana-based Worley Claims Services.
Legal-tech startup raises money, joins California accelerator
Indianapolis-based PactSafe, a legal-tech startup launched this year by a former Taft Stettinius & Hollister LLP attorney, raised $880,000 in its seed round and was accepted into a competitive Silicon Valley accelerator.
Ambrose handing DTZ property management biz
Ambrose Property Group LLC is spinning off its property management division to DTZ, one of the largest real estate firms in the city.
Lender grants $10 million to affordable-housing projects
The Federal Home Loan Bank of Indianapolis, commonly known as a private-sector bank for banks, announced July 17 that it awarded $10 million in affordable-housing grants in Indiana and Michigan, including two $500,000 grants for projects in Indianapolis.
EDITORIAL: May Anthem’s tribe increase
Headquarters house a company’s best and brightest, including executives with authority to make final decisions. The corner office is more likely than an outpost to back a risky or expensive project to improve a city.
IndyCar official Walker to step down at end of season
IndyCar’s president of competition and operations is leaving “to pursue other professional opportunities,” the series announced Thursday.
Celadon reports revenue surge in latest quarter
Celadon Group Inc. saw a 28-percent jump in revenue in its fiscal fourth quarter, the Indianapolis-based trucking company said Wednesday.
Duke Realty sees higher profit on lower revenue
Duke Realty Corp. saw higher profit in the second quarter, but a drop in funds from operations and lower revenue, the Indianapolis-based real estate developer said Wednesday afternoon.
Kite reports higher quarterly profit, revenue
Indianapolis-based Kite Realty Group Trust reported quarterly profit that beat analyst expectations and raised its guidance for the year.
IUPUI athletic director resigning after 19 years
Under Director of Athletics Michael Moore, IUPUI's athletics program jumped from the NCAA Division II level to NCAA Division I and expanded from nine sports teams to 18.
Local marketing firm plans expansion, 37 jobs
Element Three Inc., a fast-growing Indianapolis-based marketing agency, said it plans to spend $881,000 to add space at The Pyramids office park on the city’s north side, where it already occupies two floors.
Indy’s top 11 acquisition deals, before Anthem-Cigna
Anthem’s $54 billion bid for rival insurer Cigna is twice the size of the next-largest acquisition in the Indianapolis area, which occurred nearly a decade ago.
Two Indianapolis Marriott properties renovated
The Fairfield Inn & Suites by Marriott and the Residence Inn by Marriott, both off the Sam Jones Expressway exit of Interstate 70 on the city’s southwest side, recently completed extensive renovations.
Nashville named on Smithsonian list of America’s best small towns
Highlighting the southern Indiana town’s lush landscape, arts heritage and festive environment, the magazine selected Nashville for its “one-of-a-kind atmosphere and history.”