Sales of existing homes fall for fifth straight month in central Indiana
On a year-to-date basis, sales of existing single-family homes are down 3.8 percent in the area, to 9,249.
IBJ Staff
Articles
WISH-TV loses reporter to St. Louis move
Eric Feldman, an on-air reporter at WISH-TV Channel 8 for two years, announced over the weekend that he has left the local station to move to St. Louis.
Tuchman Cleaners on store-closure spree
Tuchman Cleaners, a dominant player in the dry cleaning business in central Indiana for more than 70 years, has closed more than half of its locations over the past nine months, leaving it with less than a handful of stores.
Editorial: Mayoral candidates owe voters robust discussion of key issues, including poverty and education
Between now and the general election in November, IBJ will use this space to identify problems in the city and challenge Hogsett and Merritt to develop meaningful plans to address them.
IMOCA changes name, refines mission without home base
More than two years after vacating its base of operations in Fountain Square, the city’s museum dedicated to contemporary art has formalized its metamorphosis into a more nomadic organization.
Engineering firm to invest $1 million, add up to 135 Bartholomew County jobs
LHP Engineering Solutions, a minority-owned firm launched in 2001, targets the automotive, aerospace and medical industries.
Central Indiana homebuilders see permit skid reach five months
Applications for single-family construction permits in the nine-county area are down 12 percent so far this year.
Cummins plans $35M office building in Greenwood as part of $68M expansion
Cummins Inc. said it plans to spend more than $68 million to expand operations in Columbus, Greenwood and Indianapolis as it grows its new Electrified Power business segment. The company will move about 500 jobs to Greenwood.
STAR Bank to open Monument Circle office
Fort Wayne-based STAR Financial Bank plans to take over a 12,000-square-foot space at 40 Monument Circle that currently houses the staff of Indianapolis Monthly. The Monthly offices are part of the headquarters of Emmis Communications Corp., which owns the magazine. Magazine staff will move into another part of the Emmis building. STAR plans to invest nearly […]
Indiana bankers group launches insurance agency
The Indianapolis-based Indiana Bankers Association has created a bank-focused insurance agency called IBA Insurance Solutions.
Carmel-based bank opens Chicago office
Carmel-based Merchants Capital Corp. opened a mortgage production office in downtown Chicago last month.
Kokomo credit union merging into Financial Center First
Indianapolis-based Financial Center First Credit Union is building a branch in Kokomo and will complete a merger with Kokomo Heritage Federal Credit Union when the branch opens this fall.
Hendricks County Flyer newspaper publishes last issue
In a story at the top of the final issue, the paper said it closed “the shopper due to challenging market conditions.” The paper was delivered free by carriers to 15,000 readers on Wednesdays and Saturdays.
Editorial: Fresh thinking on ex-offenders will strengthen our economy
Businesses, confronting an unemployment rate around 4 percent, are struggling to hire. Meanwhile, the formerly incarcerated, who face an unemployment rate about five times higher than the general population, need work to help sustain themselves and their families.
UPDATE: Vonnegut museum tops fundraising goal for new building
The museum, which is currently homeless, signed a purchase agreement in February for a building at 543 Indiana Ave. It needed to raise $1.5 million to buy and rehab the building, and it passed that goal with hours to spare Wednesday.
Hulman & Co. sells iconic baking powder maker Clabber Girl for $80M
Hulman & Co. said Wednesday that it has sold Clabber Girl Corp. to Parsippany, New Jersey-based B&G Foods Inc. so it could better focus on motorsports and entertainment.
Drug research firm Covance plans $17.5M expansion, 203 jobs
Plans call for the company to spend $11.8 million on the real estate improvements and another $5.7 million on new IT equipment and freezers.
Purdue scores $5M gift for business analytics center
A private equity firm executive and his wife have given Purdue University a donation to support the business analytics center in the Krannert School of Management, Purdue announced Tuesday.