Articles

Struggling City Market loses subsidy

Indianapolis Mayor Greg Ballard has notified the City Market that the financially strapped city is phasing out its subsidies
to the historic downtown fixture, which account for one-quarter of the market’s nearly $1 million budget.

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Ball State names entrepreneurship chief…again

Ball State University’s nationally recognized Entrepreneurship Center has its third director in four years. The Entrepreneurship Center yesterday named Michael Goldsby the Stoops distinguished professor of entrepreneurship. Goldsby, who had been interim director since Larry Cox left this summer for a faculty position at Pepperdine University, will be the center’s permanent director. The center was […]

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Appeals pay off for biz owners

More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this
year, and the challenges often are paying off in a big way.

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Indiana bankruptcies soar

Indiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts
say stretched consumers and businesses probably won’t reap benefits of an improved economy for at least a year.

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Indiana Venture Center shutting down

The Indiana Venture Center, a local not-for-profit that mentors Hoosier entrepreneurs and startup companies, is shutting its doors. President Jim Eifert announced today that it will end operations Dec. 31. Founded in 2003, the center focused on stimulating high-tech deal flow and connecting entrepreneurial people. Eifert said it helped more than 100 local companies, 40 […]

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Assessor referendum sweeps Marion townships

Voters in eight Marion County townships overwhelmingly opted to consolidate duties of their local assessors and transfer the duties to the county assessor. Warren Township had the lowest affirmative count, 57 percent, while Washington had the highest, 70 percent. Results of the referendum question, “Should the assessing duties of the elected township assessor in the […]

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Long-time Republican calls for renewed focus

Millions of people around the globe were thrilled by Democrat Barack Obama’s election victory last night. This morning, they anticipated a bright new political era of hope and inclusion. But millions of others harbored deep concerns about the president-elect. P.E. MacAllister, chairman of locally based MacAllister Machinery, was among those who consider last night’s national […]

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Indiana House may tilt to Democrats

Indiana Manufacturers Association CEO Pat Kiely spent last evening at the governor’s residence until 1 a.m. The mood was celebratory, he said, but Gov. Mitch Daniels didn’t spend much time on revelry. Instead, he worked the phones, making calls around the state to learn whether key seats in the Indiana House of Representatives had swung […]

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Biz leaders encouraged by Indiana elections

Republican Gov. Mitch Daniels’ landslide re-election, despite the national Democratic tide, buoys central Indiana business leaders’ expectations of success on key issues. Those issues include installation of constitutional caps on property taxes and comprehensive local government reform. Greater Indianapolis Chamber of Commerce President Roland Dorson said Hoosiers overcame their resistance to the more controversial aspects […]

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As politics finds new mediums, local firms are along for the ride

In this year’s election cycle, the policy watchword is "change." But amid the partisan debate, another type of
change is revolutionizing the way candidates track voters and spread messages. Communication tools like
text messaging, social networking and YouTube are increasingly integral to successful politics.

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Despite subsidiaries’ sales, Ontario struggles with debt: Lawsuit sheds light on tech holding company

Over the last five years, Daleville’s Ontario Corp. has successfully divested two of central Indiana’s larger high-tech firms. It’s had less luck resolving its debts. This month, a federal court in Indianapolis reopened a lawsuit filed three years ago by Charles Craig-one of Ontario’s former executives-and his wife, Barbara. Their complaint alleges Ontario defaulted on $1.3 million in promissory notes. According to court documents, the company east of Anderson provided the couple a series of 10-year notes in 2001 on…

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