Chicago-area developer jumps into Indianapolis market
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.
Susan Orr
Articles
New commerce chief Schellinger could make up to $300,000
A revamped Indiana Economic Development Corp. pay structure awards its executives incentive pay if they meet certain performance metrics.
Council set to begin debate on proposed transit tax
The proposal begins its journey through the governmental process this week, and Indianapolis City-County Council is set to vote on the matter Feb. 27.
Hustler Hollywood sues city over zoning roadblocks
Beverly Hills-based Hustler Hollywood says city officials are incorrectly classifying its planned Castleton store as an adult business, which is preventing it from opening its doors. It filed suit over the denial on Thursday.
Schellinger’s new role will have international focus
Jim Schellinger, the incoming secretary of commerce, previously was president of the Indiana Economic Development Corp., a role that included frequent travel to communities across the state. In his new post, he'll be courting companies across the globe.
Cummins unveils downtown Indy office complex, recruiting tool
The Columbus-based engine maker says having an expanded presence in Indianapolis through its $30 million-plus global distribution headquarters should help the company recruit talent that prefers urban life.
Former ITT students seek creditor status in school’s bankruptcy case
Five former ITT Educational students filed a motion asking that they—and thousands of other students who attended the school between 2006 and 2016—be recognized as creditors as the school’s bankruptcy case moves forward.
Output jumps as Subaru of Indiana hustles to meet demand
The Japan-based automaker is in the midst of a U.S. sales boom—and the company’s Lafayette auto plant is racing to keep up.
State eco-devo agency inked fewer incentive deals in 2016
The Indiana Economic Development Corp. said the decline in deals is a good thing because it reflects a strong Hoosier economy.
Hollyhock Hill, one of city’s oldest eateries, changes ownership
The restaurant, which first opened in 1928, had been owned by Jay and Barbara Snyder since 1992. The new owner is making her first leap into restaurant management.
After health scare, Carolene Mays-Medley returns to trenches
The executive director at White River State Park is fighting her way back from a ruptured brain aneurysm, a condition that leaves many of its victims disabled, or worse.
2016 TOP STORIES: Indy voters say yes to transit tax
In all, 59 percent of voters said “yes” to the referendum, which gives the council the authority to impose an income tax of up to 0.25 percent to help fund the Marion County Transit Plan.
2016 Year in Review: Carrier keeps plant open after Trump intervenes
The issue got even more national attention when Donald Trump incorporated criticism of the layoffs into his presidential campaign, using Carrier as an example of what’s wrong with American trade policy.
2016 TOP STORIES: Retooled Republic preps to exit bankruptcy
Indianapolis-based Republic Airways Holdings Inc., which filed for Chapter 11 bankruptcy protection in February, says it expects to emerge from bankruptcy during the first quarter of 2017.
IMPD chief says he’s leaving post in search of more money
Police Chief Troy Riggs said he told Mayor Joe Hogsett a year ago that he might eventually leave for another opportunity.
BlueIndy parent to launch car-sharing service in Los Angeles
BlueIndy was the first electric-car-sharing service in the United States for France-based Bollore Group. BlueLA will be the second.
City to scrutinize Ballard’s contenders for justice center site
Mayor Joe Hogsett and his task force are examining potential locations that former Mayor Greg Ballard identified for a criminal justice complex, projected to cost $500 million to $600 million to construct.
After Carrier deal, will more manufacturers threaten to leave?
The state rarely has to dole out incentives to retain jobs. Experts differ on whether that’s likely to change in the wake of the $7 million deal state officials cut to keep an Indianapolis HVAC plant open.
Brehob Nursery sells to out-of-state conglomerate
Brehob, founded in 1969 and employing about 170 workers for most of year, will move its corporate offices from the south side of Indianapolis to Westfield.
Fair Finance CFO seeks reduction of sentence
Rick D. Snow—who was convicted in 2012 of helping Tim Durham and Jim Cochran loot Fair Finance Co. but didn’t raid the company’s coffers himself—is seeking to get his 10-year sentence reduced.