Democrat Melton drops out of race for Indiana governor
Sen. Eddie Melton of Gary announced his candidacy in October, becoming the third Democrat to seek the party’s nomination to challenge Republican Gov. Eric Holcomb.
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Fast-growing Office360 acquires Kentucky office-supply firm
The acquisition of 65-year-old Cardinal Workplace Solutions is the 10th for Office360 since its launch in 2008 and will help the company expand its footprint in Kentucky and Ohio.
UPDATE: New IMPD chief hopes to make dent in homicide rate
One of Randal Taylor’s most pressing problems will be lowering the homicide rate. The city has set four consecutive records for criminal murders, capped by 159 in 2018. In 2017, the total was 157, besting 149 in 2016 and 144 in 2015.
IBJ Podcast: The top Indianapolis-area stories of 2019
Podcast host Mason King talks with IBJ Managing Editor Lesley Weidenbener and reporter Anthony Schoettle about Penske Corp.’s acquisition of the Indianapolis Motor Speedway, Eli Lilly and Co.’s biggest acquisition ever, trucking giant Celadon’s demise, Ambrose’s decision to pull back from the GM stamping plant site and more.
2019 YEAR IN REVIEW: Elanco strikes $7.6B deal for Bayer’s animal-health unit
The deal, which is expected to close by mid-2020, will swell Elanco from the world’s fourth-largest animal health player to the second-largest, behind only New Jersey-based Zoetis.
2019 YEAR IN REVIEW: Ambrose pulls out of GM stamping plant project
Ambrose had detailed plans in 2018 for a $1.4 billion, mixed-use development called Waterside—and said construction would start in 2019. But on Sept. 27, Ambrose said it planned to reposition its business and move away from mixed-use and office projects, including Waterside.
Area existing-home sales drop on rising prices, low inventory
Sales of existing single-family homes decreased 4.5% in central Indiana in November—ending a two-month streak of increases.
Mudbugs Cajun Cafe closing in Carmel after nearly 13 years
The founders and owners said the restaurant in Carmel’s Arts & Design District will be replaced by a family-owned restaurant that will serve Mediterranean cuisine.
Indiana lands $5.2M grant to address maternal opioid misuse
The grant from the U.S. Centers for Medicare and Medicaid Services will be used to improve the coordination of clinical care and the integration of other services that are critical for maternal and child health and recovery, officials said.
Unexpected slow November snaps second-half surge in home-building activity
Applications for home construction fell 15 percent in November, which means Indianapolis-area builders will need a huge December to match 2018’s numbers.
Indianapolis to host international business conference
The state plans to welcome hundreds of business and economic development leaders to Indianapolis in the spring for its first-ever Indiana Global Economic Summit.
North-side community development group hires new CEO
Elan Daniel, a former deputy director of community and economic development for the city of Indianapolis, will start with Mapleton Fall Creek Development Corp. next month.
Ike & Jonesy’s to close as building owner develops boutique hotel
After a 36-year run, the owners of the downtown nightlife institution say it will close after its New Year’s Eve party and a “Last Hurrah Celebration.”
IBJ Podcast: The demise of a trucking giant
In the years after Celadon Group’s co-founder and longtime leader, Stephen Russell, retired and then died, the company went in new directions that led to financial problems and accusations of fraud. Podcast host Mason King talks with IBJ Editor Greg Andrews and reporter Susan Orr about Celadon’s rise and fall as well as what role the fraud allegations played in its demise.
Mattingly Construction plans three-building development in Fishers
The land near Interstate 69 and 106th Street had previously been targeted by Sun King Brewing Co. as a location for a major brewery and tasting room.
Philanthropy-focused software firm planning to add 110 employees
Selfless.ly Inc. announced plans Thursday to grow operations significantly over the next four years as it expands operations in downtown Indianapolis.
Pacers’ Boomer, Colts’ Blue voted into Mascot Hall of Fame
Boomer and Blue were voted into the hall after two rounds of public voting that started in October. More than 120,000 votes from 58 countries and 41,000 zip codes were tallied.
New owner makes major job cuts at TV stations WXIN, WTTV
Nexstar Media Group Inc. has terminated about two dozen employees at CBS affiliate WTTV-TV Channel 4 and Fox affiliate WXIN-TV Channel 59 in Indianapolis, industry sources told IBJ on Wednesday.
Venture capital firm Hyde Park raises $100M for latest fund
Hyde Park Venture Partners, a Chicago-based venture capital firm with an office in Indianapolis, said its third fund exceeded its original goal of $75 million with help from repeat institutional investors.
Wet-Nap maker planning to build area production facility, add 90 jobs
Nice-Pak Products, a manufacturer of wet wipes for consumers, health care, food service and other commercial markets, announced plans Wednesday to build a 760,000-square-foot production and warehousing facility in Mooresville, creating 90 jobs.