JAN. 24-30, 2025
Hancock Health has expanded its reach beyond health care over the last seven years to become a master developer of a 160-acre medical, retail and housing project in western Hancock County. Mickey Shuey details the evolution of Hancock Gateway Park. Also in this week’s issue, Daniel Bradley examines the influx of out-of-state investment firms buying single-family homes in central Indiana—and how cities are seeking limits on single-family rentals. And Daniel Lee has the story of a Carmel firm that has launched an AI-powered app that provides mental health services.
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Hancock Health leads development of 160-acre mixed-use campus
The health care company has expanded its reach over the past seven years to become a master developer for a sprawling project on the south side of Interstate 70 in western Hancock County.
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Cities seek limits as out-of-state investment firms gobble up homes
Communities across central Indiana are taking notice as out-of-state investment companies continue to increase their market share of single-family houses and convert them to rentals.
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Q&A with Le’Deana Brown, magazine founder and cultural connector
Brown spoke with IBJ about Midwest Leak magazine, the magazines she read as an adolescent, why she opened a community gathering space and what it’s like to be part of the “Keepers of Culture” mural.
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Carmel company launches mental health app
Syra Health is looking to its new AI-powered app, Syrenity, to help it reach profitability and establish itself as a provider of high-tech mental health services.
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Proposed federal rule change reflects challenges, opportunities for Indiana’s disabled workers
The state has for several years been moving toward competitive integrated employment, in which people with disabilities work alongside non-disabled people for the same wages and benefits.
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Derek Schultz: Igniting Indy
The Ignite, the newest member of the fledgling Pro Volleyball Federation, took flight in their inaugural season earlier this month, scoring a 3-1 win over Orlando in front of a sellout crowd at the brand-new Fishers Event Center.
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Downtown hotel to debut in historic building after 6-year overhaul
IBJ first reported on plans for the project in August 2018, when Columbus, Indiana-based firm Everwood Hospitality Partners said it would spend $15 million to transform the vacant 133-year-old property.
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Beautification project to bring updated entrances to Indiana State Fairgrounds
Beautification and renovation projects totaling about $39 million are in the works for entrances to the Indiana State Fairgrounds.
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Plan for Indiana Sports Hall of Fame shifts from Irvington to county fairgrounds
The hall of fame, founded in 2020, does not have a physical location and operates through its website and events.
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Bill proposing continued income tax rate cuts passed by committee
Hoosiers would see the percentage of their income the state takes for taxes continue to decrease under a bill progressing through the Indiana House.
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Indiana attorney general sues drug companies over EpiPen prices
The lawsuit alleges the price increases EpiPen, used to treat severe allergic reactions, prevented other similar medications to from going to market.
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South Carolina housing official chosen to lead troubled Indianapolis Housing Agency
Yvonda Bean will join IHA Feb. 17, less than a year after the IHA was placed under federal management.
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Libraries fire back on Indiana bill to remove taxing authority
According to the Indiana State Library, roughly 237 libraries throughout the state have the power to introduce a levy on property taxes, an authority overseen by the Department of Local Government Finance.
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Local dealmakers say 2025 should be a big year for M&A activity
The promise of a lighter regulatory environment from the Trump administration, lingering effects of the pandemic and a proliferation of would-be buyers all suggest 2025 will be a year of robust dealmaking.
Read MoreMergers, acquisitions without publicly released financial details
Here are notable Indianapolis-area mergers and acquisitions that closed in 2024 for which financial details were not available.
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Editorial: Snow removal is a basic service that Indianapolis must provide
Residents need to get to school and to work and to the grocery store—safely. That is a core responsibility of government.
Read MoreNate Feltman: A year of success, a platform for growth
This year, we will launch a new IBJ Media app that will provide a one-stop shop for all IBJ Media content, including all podcasts.
Read MoreScott Bess: Fix education funding to give all schools their fair share
Even with this freedom of choice, a significant inequity persists in the way all schools are funded.
Read MoreJohn Stehr: Tax reform must leave enough for local governments
Senate Bill 9 would change the maximum levy growth quotient calculation. Minutiae, I know, but it could affect the bottom line for local governments by $163 million over the next two years.
Read MoreMark Mayer: Humor: The fine line between funny and unprofessional
Our senses of humor are one of the most important pieces of our personalities.
Read MoreMickey Kim: Wall Street predictions are worthless, so here’s mine
Heeding “expert” predictions can be extremely dangerous and costly; such predictions should be considered “for entertainment purposes only.”
Read MoreCecil Bohanon and John Horowitz: Most tax cuts go to the poor and middle classes
The wealthiest 20% of Americans pay most of the federal income taxes.
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Greenwood store Red Dog Books faces closure, seeks new home
Red Dog Books, a tenant of Greenwood’s Allyne Parke shopping center since 2018, received notice on Jan. 14 that its lease will be terminated.
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Nearly 80 patients moved into new Ascension St. Vincent Women and Infants Hospital
The new 268,000-square-foot hospital is on the south side of Ascension St. Vincent’s 86th Street campus and is connected to the Peyton Manning Children’s Hospital.
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La Margarita restaurant to move to Factory Arts District
The Mexican eatery will serve customers at the Murphy Art Building through Feb. 8 before moving. A March opening is planned at Factory Arts District.
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Capital Improvement Board reelects leadership after major tourism year
In Marci Reddick’s second year as board president, the CIB was involved in major public-private partnerships such as the NBA All-Star Weekend and Taylor Swift’s three-night stop at Lucas Oil Stadium.
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