Oak Street Funding raises $50 million in new capital
German group invests in Carmel-based company that specializes in financial services for insurance agencies.
IBJ Staff
Articles
Carmel arts foundation adds directors; Stutz names residents
The Carmel Performing Arts Foundation has appointed its first independent board members, Rollin Dick and Rosemary Waters.
In downtown Indianapolis, two local artists will receive free studio space in the Stutz Building
for the next year.
Hall-Render co-founder returns to law firm
A co-founder of Hall Render Killian Heath & Lyman PC is returning to the downtown law firm more than a decade after
he left it. Rex Killian will lead the firm’s governance consulting practice, which serves both not-for-profit
and for-profit health care clients.
EDITORIAL: City government in financial bind
The solution to the property tax fiasco that swept Republican Mayor Greg Ballard into office in 2007 is making his job harder, and
it could lead to his undoing.
People in the news
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PROXY CORNER: Monroe Bancorp
Monroe Bancorp, 210 E. Kirkwood Ave., Bloomington, 47408 (www.monroecountybank.com) is the holding company for Monroe Bank, which provides consumer and commercial banking services and related financial services in Monroe, Hendricks, Lawrence and Jackson counties.
Health information exchanges begin sharing medical records
The Indianapolis-based Indiana Health Information Exchange today began sharing electronic medical records with two similar
organizations across a multi-regional network, the group announced this morning.
Star biz columnist leaving to lead Indiana Fiscal Policy Institute
Indianapolis Star business columnist John Ketzenberger is leaving the newspaper to become president of the Indiana Fiscal
Policy Institute, the organization said today.
United Way divvies up $5.8M in homelessness funds to 20 groups
Twenty local agencies that help fight homelessness will receive $5.8 million in federal stimulus funds, the United Way of
Central Indiana announced today.
Black engineers group chooses city for 2013 convention
The Indianapolis Convention & Visitors Association said today the National Society of Black Engineers will hold its annual
convention here in March 2013.
Kansas City out of running for Harley-Davidson plant
Central Indiana’s chances for landing a Harley-Davidson motorcycle plant have been improved by the elimination of Kansas
City from the list of potential sites.
Ex-Homeland Security chief Ridge named to Brightpoint board
Indianapolis-based wireless phone distributor Brightpoint Inc. has appointed Tom Ridge, the first secretary of the U.S. Department
of Homeland Security, to its board of directors, the company announced this morning.
Tax abatement could help manufacturer add 43 jobs
The Indianapolis plant of Rexnord Industries LLC is promising to create 43 jobs and retain hundreds more if the city grants
a five-year tax abatement.
Delaware County latest to join public-transportation group
Delaware County has become the 10th county to join the Central Indiana Regional Transportation Authority, the quasi-governmental
organization announced today.
Conseco consolidation to save $2.5M a year
Conseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.
Anthem, St. Francis reach agreement in principle
The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana,
ending a disagreement over insurance reimbursement costs, the parties said today.
University Loft plans 30 jobs in Greenfield
Indianapolis-based University Loft Co. expects to add 30 full-time jobs at its Greenfield manufacturing facility thanks to
a federal pact with the U.S. Marine Corps. The company recently was awarded a multi-million-dollar contract to supply metal
furniture for the Marine Corps’ Camp Lejeune base in North Carolina.
Indiana’s $132M energy-conservation plan OK’d
Indiana will use nearly $132 million in federal stimulus funding to help more than 30,000 low-income households weatherize
their homes and obtain more efficient appliances.
Local contractor Enterprise acquires Freije
Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that
specializes in refrigeration-systems design, installation and service.
Hurco suffers quarterly loss as sales plummet
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco
lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million,
or 90 cents a share, during the same quarter last year.