Asian fusion restaurant Oishii to fill vacant Mass Ave spot
The restaurant’s co-owner, Kanlaya Browning, co-owns 10 Thai restaurants, nine of which are in the Indianapolis area. Oishii will offer a fusion cuisine of both sushi and ramen.
Susan Orr
Articles
Fast-casual Pickleman’s sandwich chain to enter market with Noblesville store
This will be the first Indiana location for Pickleman’s, a Missouri-based chain with 24 locations. The local franchisees plan to open a total of four Indianapolis-area stores over the next four years.
Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.
State inspectors find no violations at St. Elmo related to employee’s COVID-19 death
The Indiana Occupational Health and Safety Administration, which launched an investigation at St. Elmo after an employee’s COVID-19 death, says it did not discover any violations and has closed the investigation.
Hardesty helped pave way for new market, bistro by Monon Trail
Breadworks, a Greencastle-based bakery and restaurant, is opening an outpost this fall at the former home of Locally Grown Gardens on 54th Street, thanks in large part to a strong connection with late Indianapolis chef Greg Hardesty.
Local businesses lean on subscriptions to build revenue, customer connections
The idea of having customers periodically pay in advance for products or services is nothing new. But within the past year, at least five Indianapolis-based food and beverage retailers have launched subscription services.
Rise’n Roll bakery to open downtown store next week
This will be Rise’n Roll’s fifth Indianapolis-area location, in addition to stores in Broad Ripple, Fishers, Greenwood and Avon.
Rolls-Royce celebrates completion of $600M in upgrades to local manufacturing campus
The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.
Supply-chain squeeze contributes to 2Q loss for Calumet Specialty
The Indianapolis-based manufacturer posted a $78.4 million loss in the second quarter.
Pyramid Place shopping center changes hands for $10.6M
Chicago-based Cloverleaf Group now owns three retail plazas in the Indianapolis area. Pyramid Place boasts a high density of nearby homes, offices, industrial sites, health-care facilities and highway traffic.
Carmel-based firm uncovers three separate cases of employee fraud
Maria Caceres, a former employee of Seven Corners Inc., stands accused of defrauding the travel insurer by submitting false claims—the third employee to face such charges within two years in separate cases.
Defendants found guilty on all charges in Banc-Serv fraud trial
The five former directors and employees of the now-defunct Westfield firm were found guilty on fraud and conspiracy charges. Prosecutors say the five submitted false information in order to get more than $10 million in ineligible loans approved by the Small Business Administration.
Citing slow business, Patachou closes downtown’s Napolese restaurant
It first closed in March 2020 at the beginning of the pandemic and didn’t reopen until March of this year, in advance of the NCAA’s men’s basketball tournament, which took place mostly in Indianapolis.
After long delay, Beerded Swine opening in Lockerbie with meat, cheese, libations
Expected to debut by the end of September, The Beerded Swine is intended to be a sister shop to The Savory Swine in downtown Columbus.
Simon raises financial outlook amid improving business conditions
Indianapolis-based Simon Property Group Inc.—the largest owner of shopping malls in the United States—on Monday reported second quarter financial results that exceeded analyst expectations.
Rolls-Royce, Purdue to make ‘major investment’ in Indiana testing facilities
The multimillion-dollar project, in partnership with Purdue University and the Purdue Research Foundation, will expand aircraft engine testing facilities in both West Lafayette and Indianapolis.
Philanthropic world skeptical of proposed federal legislation
A bill introduced last month in the U.S. Senate would add rules about how quickly donor-advised funds must distribute money to charity, but critics say the rules are unnecessary and could have the unintended consequence of hurting charitable giving.
Donor-advised funds are catching on as a tool for personal philanthropy
The number of donor-advised funds in the United States, the amount contributed to these funds and the amount distributed to charity from them have all seen significant growth, with no signs of a slowdown.
Korean barbecue restaurant leaving Fishers Test Kitchen for new location in Castleton
Korave Korean BBQ, which opened at the restaurant accelerator in 2019, plans to exit the nest in September. The brothers who own the restaurant are also eyeing spots for another Indy-area location.
Indy-based startup Pattern89 acquired by Shutterstock in cash deal
Pattern89, founded by R.J. Talyor and launched under the wing of Indianapolis-based venture studio High Alpha, is one of three acquisitions that publicly traded Shutterstock announced Tuesday for a total of $35 million.