MARCH 1-7, 2024
In the past five years, shares of Eli Lilly and Co. have increased in value by 508%. This is not news to the pharma giant’s 43,000 employees, nearly 90% of whom have at least a few shares—and some worth tens or hundreds of thousands of dollars. John Russell explains how Lilly is enriching employee stockholders and is using its runup to retain talent. Also in this week’s issue, Susan Orr reports that the state’s focus on attracting data centers to Indiana is starting to pay off. And Mickey Shuey shares his wide-ranging conversation with Indianapolis Motor Speedway President Doug Boles about ticket sales for this year’s Indy 500, whether a return of Formula One is on the horizon, and Roger Penske’s continued investment in the track.
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Lilly employees have seen big wins as stock price surges 500% since 2019
In the past 52 weeks, shares have set new records almost every week, due to investor eagerness over the company’s new drugs for obesity and diabetes, two health conditions that plague America, along with other drugs in the pipeline.
Read MoreState’s effort to attract data centers starting to pay off
At least seven projects have been announced around since the Legislature in 2019 passed an economic development aimed specifically at data centers, which house computers, servers, and related hardware and equipment.
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Arts organizations will have a home at Hendricks Live! venue
Community leaders say the 600-seat entertainment venue along U.S. 40, set to open March 9, will make Plainfield a popular regional destination.
Read MoreBusy season at Indianapolis Motor Speedway kicks off with big eclipse event
IBJ spoke this week with IMS President Doug Boles about how ticket sales are going for the Indy 500, whether a return of Formula One is on the horizon and Roger Penkse’s continued investment in the track.
Read MoreMark Montieth: Love it, or look the other way
Shots that once were nicknamed home runs because of their rarity and distance are now sprayed like singles.
Read MoreIndiana 250: Leonard Hoops
As president and CEO of Visit Indy, Leonard Hoops leads a team of professionals charged with growing central Indiana’s nearly $6 billion convention, tourism and event business. During his tenure, Indianapolis has been named the No. 1 convention city in America by USA Today and a top visitor destination by The New York Times, Conde Nast […]
Read MoreMade in Indiana: Maple syrup LM Sugarbush LLC
The operation: LM Sugarbush produces maple syrup on a 140-acre farm in the southern Indiana town of Salem. Its owners are Jen Reisenbichler and Emily Blackman and their husbands, Nic Reisenbichler and Robert Blackman. All four have full-time “day jobs” and operate LM Sugarbush on the side. The farm sells about 2,500 gallons of syrup—$250,000 […]
Read MoreElanco, analysts gird for potential blockbusters in coming months
In an hourlong conference call with analysts on Monday, CEO Jeff Simmons said the word “blockbuster” at least six times as he talked about the Greenfield-based company’s pipeline products that could launch this year.
Read MoreLiteracy overhaul bill—with third grade retention requirement—heads to Indiana governor
Indiana senators gave final approval Thursday for a literacy overhaul bill that will require reading-deficient third graders to be held back a year in school.
Read MoreForeclosure suit filed against owner of Wilshaw hotel property
Officials with the town of Speedway, which is not named in the lawsuit, said they are “carefully monitoring” the situation and in communication with the developers on the matter.
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Students at UIndy benefit from real-world engineering experiences
DesignSpine has been part of the University of Indianapolis engineering curriculum since the school was started in 2017, spurred by a $5 million gift from the Indianapolis-based R.B. Annis Educational Foundation.
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Editorial: Retention isn’t ideal, but it’s a tool to attack reading problem
State data shows that nearly 1 in 5 third-graders doesn’t pass the state’s reading exam.
Read MoreLesley Weidenbener: Big-time events bring welcome opportunities
Community leaders are determined to give the people who live in the region an opportunity to participate.
Read MoreVop Osili: Indianapolis’ strength lies in diversity of its people
Attracting and retaining entrepreneurs becomes possible with every measure we take to enhance our culture and identity as a city.
Read MorePete the Planner: Actually, you should put a price tag on memories
A couple of weeks ago, we came to the realization that we have three summers left as a family of four before our oldest heads to college. Oof.
Read MoreJeffrey McDermott: 10 leadership tips to get the best out of your people
Some leadership strategies, however, work more universally than others in maintaining a positive culture and getting the best out of your people.
Read MoreCecil Bohanon and John Horowitz: How politics sway views on academic standards
When asked if “some functionally illiterate students are graduating,” 40% agreed and 47% disagreed.
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Restaurant brings ‘Juicy Lucy’ cheeseburger concept to Mass Ave
Mass & Belle Taphouse is serving stuffed cheeseburgers at the former location of Rooster’s Kitchen, which closed at the end of 2023.
Read MoreNewfields to begin search for new CEO
Seven Newfields board members will launch the recruiting process in conjunction with Chicago-based search firm Koya Partners.
Read MoreGorton’s Seafood planning $89M production facility in Lebanon
The 110,000-square-foot facility is expected to employ 163 workers by 2029, Boone County and city officials announced Tuesday.
Read MoreIU Health operating income nearly tripled in 2023
While inpatient medical and surgical volumes across the system did not return to pre-pandemic levels, IU Health reported strong outpatient growth in 2023.
Read MoreHigh-end Japanese steakhouse to open north of Monument Circle
The downtown location of Harmony Steakhouse, which is expected to feature modern interior design, will occupy nearly 7,550 square feet on the first floor of the building, as well as 1,200 square feet of patio space.
Read MoreProfessional women’s volleyball team to play home games at new Fishers arena
The Indy Ignite, a member of the Pro Volleyball Federation, are set to play next year at the $170 million, 8,500-seat Fishers Event Center.
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