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IBJ Staff
Articles
EDITORIAL: Time to break TIF logjam in Indianapolis
Republican Mayor Greg Ballard’s aides says delayed action on funding proposals could jeopardize pending economic development proposals.
Interactive Intelligence acquires Maryland company
Interactive Intelligence, a developer of communications and interactions-management software, purchased Bay Bridge Decision Technologies in an all-cash transaction effective Aug. 1. Terms of the deal were not disclosed.
Parking-garage connectors receive city approval
The Metropolitan Development Commission’s plat committee has given local developer Flaherty & Collins Properties the go-ahead to include two upper-level pedestrian connectors in its plan to build a five-story parking garage downtown. The garage is part of a larger, $85 million development.
BrightPoint takes quarterly loss despite uptick in revenue
Indianapolis-basedBrightPoint Inc. suffered a $4.1 million second-quarter loss despite a 3-percent increase in revenue, the Indianapolis-based wireless device distribution and logistics company said Wednesday afternoon.
RV parts suppliers plan to add 260 jobs in Indiana
Lippert Components Manufacturing Inc. and Kinro Manufacturing Inc., divisions of White Plains, N.Y.-based Drew Industries Inc., said they will bring the jobs to Elkhart and Goshen by 2015 as part of a $3.7 million expansion.
USA Funds CEO announces retirement
Carl C. Dalstrom says he will leave the student-loan guarantor on June 30, 2013. He has led the locally based not-for-profit since July 2000.
Marketing software firm CIK plans to expand, add 57 jobs
CIK Enterprises LLC, a marketing software and services firm, plans to add the jobs by 2016. The company will continue to lease a 30,000-square-foot facility on the city’s west side.
Kite reports larger quarterly loss, higher revenue
The Indianapolis-based real estate investment trust attributed much of the $2.7 million loss to $1.8 million in interest and depreciation expenses on some of its properties. Revenue grew to $25.1 million.
PROXY CORNER: Interactive Intelligence Group Inc.
Indianapolis-based Interactive Intelligence Group Inc. develops communications and interactions-management software.
EDITORIAL: Schoolteachers need more upside
Education reform in Indiana has come to a point where lawmakers need to find ways to attract more of the best and brightest into one of the most important of occupations, particularly as baby boomers retire.
Airport auction to draw out bargain-hunters
At the Indianapolis Airport Authority’s summer auction, one could buy pretty much everything except the runways and terminal.
Baldwin & Lyons sees quarterly profit on fewer disasters
Indianapolis-based Baldwin & Lyons Inc. on Thursday reported a profitable second quarter, a year after a series of major natural catastrophes caused a big loss for the transportation industry insurer.
City’s Huber to head airport biz-development efforts
Michael Huber, the city’s deputy mayor for economic development since March 2010, is stepping down to take a lead role in commercial development at Indianapolis International Airport. He’ll be replaced by Bond Bank director Deron Kintner.
Gilchrist & Soames moves HQ, plans to add 40 workers
The maker of luxury soaps and other hotel toiletries has moved its headquarters from Indianapolis to a bigger facility in Plainfield, where it plans to add 40 employees within six months.
Calumet Specialty turns big profit in second quarter
The Indianapolis-based company said Wednesday morning that profit soared to $65.7 million compared with a loss of $7.7 million in the second quarter of 2011.