Local steel fabricator acquired by Chicago-based investment firm
Indianapolis-based Circle City Rebar will continue to operate under the leadership of Frank Davis, who founded the firm in 2005.
IBJ Staff
Articles
Fast-growing contractor Gemco acquires Carmel firm
Indianapolis-based Gemco Constructors LLC has acquired Carmel-based Real Mechanical Inc., a mechanical contracting firm founded in 1978.
Alaska Airlines adding seasonal flight from Indy to Seattle
The flights from Indianapolis International Airport to Seattle-Tacoma International Airport begin May 21. They will feature local departure times of 8 a.m. and local arrival times of 6:30 a.m.
IU football coach Allen agrees to 7-year contract worth $3.9M per year
Tom Allen led Indiana University to its first winning regular season in 12 years and its first winning conference season in 26 years.
Indianapolis Star executive editor Ramos to resign
Ronnie Ramos, executive editor of The Indianapolis Star since March 2018, plans to resign Dec. 20 “to pursue other opportunities,” the newspaper reported Monday morning.
IBJ Podcast: Pat Sullivan makes business case for store’s North Pole train
Sullivan talks with podcast host Mason King about why the Sullivan Express is so fun for him and his Sullivan Hardware staff but also why it makes business sense to keep expanding the attraction.
Indianapolis police chief Roach to retire after accepting new job
Bryan Roach, chief of the Indianapolis Metropolitan Police Department since January 2017, plans to retire at the end of the year, Mayor Joe Hogsett announced Friday morning.
One of city’s largest, oldest benefits firms to be acquired
Nyhart has agreed to be acquired by Dresher, Pennsylvania-based Ascensus, the nation’s largest independent provider of retirement and college savings services.
Fishers tech marketing firm Vibenomics raises $5M in seed capital
The funding round included investments from existing investor High Alpha and new investors Elevate Ventures and members of the Ricker family who previously owned the Ricker’s gas station chain.
IBJ Podcast: How an Indy group will use $11.6 million to help black students achieve
Host Mason King talks with the Center for Leadership Development’s president, Dennis Bland, about how a Lilly Endowment grant will expand the group’s programs to help minority students achieve in school and in life.
Former WISH-TV journalist returns to station as multicultural reporter
Katiera Winfrey, who grew up in Indianapolis, will be “the state’s first-ever television journalist dedicated exclusively to covering stories affecting Indiana’s diverse population,” according to station officials.
Lilly Endowment to invest $50M in helping poor residents move up economic ladder
The endowment is soliciting proposals from not-for-profit organizations—and is encouraging those groups to collaborate with each other or with companies and governmental agencies on their efforts.
High Alpha-backed firm raises $2.6 million in seed funding
The funding round for Base HQ Inc. was led by Minneapolis-based Matchstick Ventures with participation from Revolution’s Rise of the Rest Seed Fund, High Alpha Capital and Slack Fund.
Self-driving vehicle maker moving headquarters to Fishers, hiring 160
As part of the move, the company and the city are considering an agreement that will set up a short-distance transportation system using self-driving vehicles in Fishers.
Eli Lilly to spend $400M on manufacturing expansion in Indy, add 100 jobs
The pharmaceutical giant says it needs additional manufacturing capacity to keep up with demand for current medicines and new drugs expected to emerge from its pipeline.
Local apparel maker Motionwear shutting down, terminating 146 workers
Founded in 1987, Motionwear manufactures dance and cheer outfits, gymnastics apparel and other girls’ activewear at two facilities on the south side of Indianapolis.
Indiana unemployment rate holds steady at 3.2%
The state saw job losses last month in the manufacturing sector, but the overall unemployment rate is still lower than in Indiana’s four neighboring states and across the U.S. as a whole.
Youth leadership group lands $11.6M grant from Lilly Endowment
The Indianapolis-based Center for Leadership Development, which promotes personal development and educational attainment for minority youth, said the grant announced Tuesday morning is expected to be “transformational.”
Area existing-home sales tick up for second straight month
Sales are still down in the area on a year-to-date basis amid tight inventories and rising prices.
Pete Buttigieg establishes clear lead in Iowa, new poll shows
Buttigieg was leading the crowded Democratic field with 25%, in the new CNN/Des Moines Register/Mediacom poll of likely Iowa caucus goers.