Local business bank parent reports third-quarter profit
Indiana Business Bancorp attributed its profit of 9 cents per share to higher non-interest income a lower loan-loss provision expense.
IBJ Staff
Articles
Packaging company plans to add 63 jobs in Lawrenceburg
Toronto-based IntraPac said it will move operations from New Jersey to the southeastern Indiana town and build an 80,000-square-foot plant that should open in February.
NFP of NOTE: Habitat for Humanity of Hamilton County
Habitat for Humanity of Hamilton County is dedicated to working in partnership with low-income families in Hamilton County under the conviction that every person should have a simple, decent, affordable place to live in safety and dignity.
Advice to techies: Focus like a laser
Focus on what you do best and get to know your partners’ strengths and weaknesses, Kevin Bailey, a co-founder of Slingshot SEO, told attendees of the TechPoint summit this month.
Lifestyle Family Fitness closes 2 locations, sells 2 others
Minnesota-based Life Time Fitness is buying the two sites that will remain open. One is in Fishers and the other is near 96th and Meridian streets in Indianapolis.
EDITORIAL: Gregg, Pence should think big
So far, the efforts of government haven’t been enough to reverse the relative slide in wages and incomes. Too few firms are using the playground Indiana has created.
Blueprint: Churches, charities shouldn’t feed the homeless
“Blueprint 2” calls on well-meaning church and charity groups to stop delivering food directly to homeless camps. Professional outreach teams report that this enables people who may have addictions or mental health problems to continue living outside.
Not-for-profit manufacturer partners with disabled Marine
Crossroads Industrial Services will team up with a service-disabled veteran to win new business from defense contractors.
Stonegate Mortgage plans to add 45 workers in ’11
The Indianapolis-based firm has pledged to add a total of 300 workers by 2015.
Citizens to convert downtown steam plant from coal to gas
Citizens Energy Group plans to switch the primary power source for its Perry K Steam Plant in downtown Indianapolis from coal to natural gas, the utility announced Wednesday. The conversion will cost about $9 million.
City-County Council Republican to propose tougher smoking ban
The Republican president of the City-County Council in Indianapolis says his party plans to introduce an expanded smoking ban that would take effect before the Super Bowl.
U.S. high court takes Indianapolis sewer case
The Supreme Court of the United States agreed Monday to review a case that questions whether the city of Indianapolis violated the U.S. Constitution in how it handled refunds for residents who paid assessments on local sewer projects.
ISO reports smaller deficit, bigger endowment
The parent organization of the Indianapolis Symphony Orchestra said its expenses exceeded revenue by $1.7 million on a budget of $25.6 million for the 2010-2011 fiscal year. The deficit was $1 million less than a year ago, while the ISO endowment grew by $5.5 million.
Logistics company plans 315 jobs in North Vernon
Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.
Beer-dispenser maker looks to move production to city
Washington-based GrinOn Industries LLC is seeking property-tax abatements for creating 40 jobs and investing $2.5 million to equip a facility on Indianapolis’ northwest side.
US Airways cutting 52 employees at airport facility
The Phoenix-based airline said it will permanently lay off the local fleet-service employees effective Jan. 9.
EDITORIAL: Political gridlock unwelcome here
Now that roughly 30 percent of the city’s registered voters have determined who will lead the city the next four years, we have some advice for Mayor Greg Ballard and the newly elected City-County Council: Keep your victory in perspective.