APRIL 12-18, 2019
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Majority owner of bankrupt Scotty’s plans to oust operating partner, focus on basics
The chain's performance declined after founder Scott Wise sold it in December 2016, and in recent months it has closed four restaurants and announced plans to close a fifth.
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Hate-crime outcome leaves execs ambivalent
An army of high-profile business leaders wanted the General Assembly to pass what they called a comprehensive hate crimes law, but the effort fell short. What went wrong?
Read MoreCommunity foundation’s new mission: helping the marginalized thrive
The Central Indiana Community Foundation’s new five-year plan focuses on making Indianapolis a more inclusive city, a goal it hopes to achieve partly by training 5,000 community leaders and residents about institutional racism.
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Once a rising star, Wellfount collapses with little warning
The company raised about $50 million and had big plans for its product, Redbox-style vending machines in nursing homes that dispensed medicines for patients.
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Timetable for City Center projects stretches past projections
Debt payments will be due before all the buildings are completed. But Carmel officials say the delays shouldn’t cost taxpayers because of safeguards the city and the developer put in in place years ago.
Read MoreBattered software firm was unrelenting in quest to find buyer
Software maker Determine Inc.'s investment bankers contacted dozens of prospective suitors as the company racked up millions of dollars in losses and burned through cash.
Read MoreQ&A with Jenni White, leader of program for LGBTQ homeless youth
White is the founding director of Trinity Haven, which will be the state’s first home for lesbian, gay, bisexual, transgender and queer or questioning youth and young adults who have nowhere else to live.
Read MoreAward-winning artist Gary Varvel to create cartoons for IBJ
Varvel will contribute a cartoon twice a month to IBJ’s op-ed pages. He joins Shane Johnson, who has been an IBJ editorial cartoonist for seven years and will continue as a regular cartoonist for the publication.
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Amtrak suspends ticket sales for Hoosier State line after June 30
Amtrak on Monday issued an official notice that it plans to suspend operation of the Hoosier State line, which provides Indianapolis-to-Chicago service, starting July 1. The state hasn’t included funding for the line in its next budget.
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WISH, sister station to be sold to Indy native’s firm for $42.5M
DuJuan McCoy, who has agreed to buy the stations, also is the owner and CEO of Bayou City Broadcasting LLC, one of the leading black-owned broadcast TV station affiliate groups in the United States.
Read MoreUPDATE: Food manufacturer plans $310M plant, 460 jobs in Shelbyville
Illinois-based Greenleaf Foods, which makes burgers, hot dogs, sausages and other vegetarian meat alternatives, plans to build a 230,000-square-foot plant at Interstate 74 and State Road 44.
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Splenda-maker Heartland adds products, continues rapid expansion
Heartland has expanded its local production facilities multiple times since 2015, adding hundreds of employees and rolling out several new products, including a brand of cold-brew coffee, Java House, that hit the market last year.
Read MoreCummins testing electric postal vehicles
The delivery vans have an all-electric range of up to 85 miles and can be fully charged in about eight hours.
Read MoreMD Logistics adds Plainfield warehouse
The Plainfield-based company said it spent $1 million on improvements to the 180,000-square-foot, temperature-controlled facility at 2370 Perry Road.
Read MoreSubaru building $4.2M training center in Lafayette
The facility will include a 7,000-square-foot simulated factory floor featuring training robots, assembly-line simulators, a car lift, a forklift and work space for interns.
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EDITORIAL: Hate crimes law is practical move, although it’s far from perfect
We are less pleased that many Republican lawmakers did everything they could to ensure the law did not include specific language about gender identity.
Read MoreGREG MORRIS: Lunar-landing anniversary highlights Hoosier strength
Indiana is home to an impressive collection of aerospace industry assets.
Read MoreBrian Burton: Better addiction treatment leads to stronger workforce
A lot has been done here to fight the epidemic and establish recovery efforts, but addiction treatment is still fragmented and oftentimes inaccessible for this vulnerable population.
Read MoreNow is the time to reverse state’s school-funding decline
Indiana policymakers love to celebrate Indiana’s leadership, but one ranking our lawmakers can’t tout is the Hoosier state’s standing on school funding and teacher pay. Indiana ranks below average nationally and fails to compete with nearly all neighboring states in funding public schools and teacher compensation. A recently released study on Indiana’s school funding and […]
Read MorePETE THE PLANNER: A couple disagrees about budgeting their $200,000 income
Pushing the limits of housing affordability will compromise the rest of your financial life, as it drives up utility, maintenance, taxes and insurance expenses.
Read MoreMandy Haskett: Manage your energy, not your time
Being busy all day long without feeling fulfilled is a red flag that our energy reserves are being slowly depleted—task by task, meeting by meeting, and email by email.
Read MoreEd Feigenbaum: A negative revenue forecast could cause shifts in priorities
Ratcheting down an already depressed forecast will make the final week of the session an exercise in cost-cutting and priority-shifting.
Read MoreBOHANON & CUROTT: Population slowdown problematic for economy
Unfortunately, the size of the working age population has been growing slowly and even shrank slightly last year. This poses a real problem for our nation’s finances.
Read MoreLetter: Lifting up civic duty
Two columnists from two completely different geographic and political sections of the country, and both understand the importance of civic involvement and political duty, and not just for the biased and trend-following portion of our urban population.
Read MoreLetter: No apologies from township schools
Prior to making broad generalizations around the need for “attention, engagement, and scrutiny,” it is important to ensure that all of the facts are in place.
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Long-simmering church redevelopment project in Cumberland receives tax breaks
Work finally has begun on construction of a 60-unit apartment project for seniors behind the former St. John United Church of Christ, which will receive $1.5 million in preservation work.
Read MorePhiladelphia firm buys majority stake in locally based KSM Consulting
Indianapolis-based accounting firm Katz Sapper & Miller has sold a majority stake in KSM Consulting to Philadelphia-based private equity firm Renovus Capital Partners.
Read MoreCouncil passes plan to buy new vehicles, tear down Oak Tree Apartments
The often-bipartisan Indianapolis City-County Council cast a rare politically divided vote Monday night on a proposal that would, among other things, spend nearly $850,000 to buy new vehicles for city employees.
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Indiana Fever, Salesforce sign multiyear sponsorship agreement
The Indiana Fever on Wednesday announced a multiyear sponsorship with Salesforce that will make the tech firm the team’s new jersey sponsor.
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Zotec Partners planning 300 jobs in Carmel at new $47M HQ
The announcement came Tuesday during a groundbreaking for the planned five-story, 120,000-square-foot office building at the southeast corner of Illinois Street and Fidelity Way.
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MIKE LOPRESTI: Follow Kyle Guy from desolation to redemption
Former Lawrence Central star used a historic loss as motivation in Virginia’s championship run.
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