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.
Susan Orr
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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.
Community development exec Tedd Grain moves to new job with Eskenazi
At Eskenazi Health, Tedd Grain, who had been at LISC since 2009, will be tackling food access issues, economic mobility and other social factors that affect local residents’ health status.
Habig Garden Shop closes Meridian-Kessler store
The College Avenue store was the original location for the retailer, which was operated there since the 1950s. The family-owned company’s two other locations, in Nora and Carmel, remain in operation.
Shake Shack to move into former Tesla spot at Fashion Mall
This will be the fourth Indianapolis-area location for the fast-casual burger chain, though none have yet opened.
Sahm’s to reopen 96th Street restaurant with new concept
Sahm’s Bar & Grill, which has been closed since March due to the pandemic, is reopening as Hoss Bar & Grill, a modern highway diner concept offering burgers, sandwiches, salads, a dinner menu, beer and cocktails.
Family Video chain closing all locations, including three in Indianapolis market
The Illinois-based video rental chain, which opened its first store in 1978, outlasted competitors Blockbuster, Movie Gallery and Hollywood Video, but said it could not withstand the disruptions caused by COVID-19.
Martinsville expects downtown traffic boom from I-69-related highway closure
A five-mile stretch of State Road 37 will be closed most of this year because of work on Interstate 69, and many local businesses expect a big influx of traffic through downtown as a result.