Turner Woodard sells majority stake in historic Stutz property
The new majority owner says it plans to retain the Stutz property’s historic character but isn’t yet revealing details about its plans for the 110-year-old downtown complex.
Susan Orr
Articles
Butler to freeze tuition for first time in decades
The Indianapolis university said this will be the first time it has not raised tuition rates since 1983.
Two more tenants depart Circle Centre
Sunglass Hut and GameStop have closed their Circle Centre stores. Both retail chains still have numerous other Indianapolis-area stores.
Eatery specializing in cereal, breakfast treats coming to Greenwood
Day & Night Cereal Bar, which opens next month at Greenwood Park Mall, is a franchised location for the Los Angeles-based concept, which launched last summer as a mobile food truck.
Local entrepreneur, partner to appear on Shark Tank
Kweku Larbi of Indianapolis and his business partner, social-media influencer Ross Smith, went on the show to pitch their company Brumachen, a portable coffee-maker that uses biodegradable coffee pods. The episode airs tonight.
Manufacturers hope Biden’s environmental policies will boost electric vehicle sales
During his presidential campaign, Biden detailed a multi-pronged plan to address climate change by, among other things, tightening fuel economy standards and moving the United States to 100% clean-energy sources by 2050.
Calumet Specialty Products names new CFO
Lewis Todd Borgmann, 38, had been serving as interim CFO since September, following the departure of former CFO Keith Jennings.
Godiva to close all North American stores, including Fashion Mall location
Godiva said the pandemic caused customer traffic to decline at its brick-and-mortar stores, though it will continue to sell its products both online and through third-party retail stores.
First Internet Bank reports record quarterly, annual profits
Fishers-based First Internet saw its stock price climb to a one-year high in after-hours trading after the bank released its financial report Wednesday.
IndyGo purchasing Haughville properties for paratransit operations
IndyGo has purchased one parcel and is working to purchase an adjacent one for its Open Door paratransit service, which is now housed on the city’s northeast side.
16 Tech announces first round of food, retail vendors
The seven vendors, which include restaurants, a space for food entrepreneurs and a barber shop, will occupy 16 Tech’s 40,000-square-foot food and retail hall.
Chicken salad restaurant chain roosting in Indy area with three locations
Founded in 2008, the Alabama-based fast-casual chain has grown to 181 franchised and company-owned locations in 17 states.
Q&A with Derrick Stewart, YMCA of Greater Indianapolis
The organization has an annual budget of $60 million, operates 12 fitness centers, and offers child care and other programs at 120 sites. Its 2020 revenue plunged about 40%, largely because it lost so many members.
Indianapolis credit union placed into conservatorship
The National Credit Union Administration says it took control of operations at Indianapolis’ Newspaper Federal Credit Union because of “unsafe and unsound practices.”
Chicago-style pizza chain Lou Malnati’s confirms 86th Street location
The 86th Street location, the chain’s second Indianapolis-area store, is set to open this spring. Lou Malnati’s confirmed the location last year but until now had not specified when it planned to open.
Crumbl Cookies chain to open first Indiana store in Fishers
The Fishers shop opens this week, to be followed later this year by locations in Indianapolis, Greenwood, Carmel and Zionsville.
Carmel-based Java House opening Broad Ripple coffee bar, brewing big Indy expansion
This will be the third location for Java House, a cold-brew coffee shop chain based on products originally developed by Carmel-based Heartland Food Products Group, best known for Splenda.
IndyGo foundation names new executive director with big fundraising challenge
Under state law, the Indianapolis Public Transportation Foundation is supposed to raise about $6 million per year to supplement revenue generated by a Marion County transit tax. So far, it’s well behind the goal.
Food manufacturer plans $100M plant, 115 jobs in Indianapolis
It’s unclear what the announcement means for Greenleaf’s previously announced plans to build a $310 million plant in Shelbyville.
Environmental, social and governance issues are shaping investment portfolios like never before
The approach now known as ESG investing has been around for decades, but it started to take off in Europe and the United States in late 2018 and early 2019.