NOV. 22-28, 2024
Carmel leaders are seeking answers about the finances and structure of the nonprofit Christkindlmarkt it helps fund. IBJ's Daniel Bradley dives into the details of what Mayor Sue Finkham is trying to achieve. Also, the Lilly Endowment sold some of its Eli Lilly and Co. stock holdings at or near a top price in the market, giving it millions to grant to organizations and programs. And IBJ's Susan Orr talks with entrepreneur John Thompson about what he looks for in the companies in which he invests.
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Carmel leaders seek answers on Christkindlmarkt financing
From 2017, when Carmel Christkindlmarkt was launched, through last year, city departments spent an estimated $7.56 million to support logistics of the market, which last year attracted nearly half a million visitors.
Read MoreRiches and gifts roll on for Lilly Endowment
The Lilly Endowment is writing a flurry of big checks again and recently sold more than $50 million worth of stock in namesake drugmaker Eli Lilly and Co. to fund the gifts, many of them to Indiana organizations.
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Q&A with entrepreneur and investor John Thompson: ‘I’m a portfolio guy’
John Thompson is currently invested in a handful of companies, including Metaimpact, MakeMyMove and Scale Computing, all based in Indianapolis, and Spokenote, which is based in Fishers.
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Indy councilors each have a $1M allocation to make improvements in their districts
Allowing each councilor to choose an improvement project is part of an initiative by Mayor Joe Hogsett’s administration to invest in roads, parks and dangerous intersections throughout Marion County.
Read MoreSales-tech firm Kennected facing lawsuit from creditor
Ultimo Global Holdings LLC alleges that the company has defaulted on a $1 million promissory note.
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Indoor concert venue planned to succeed Fountain Square’s Hi-Fi Annex
Concert company MOKB Presents announced plans Monday to open a 1,200-capacity venue in early 2026 at the former site of Well Done Marketing in the Murphy Arts Building.
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IU Health to cut 100 jobs in systemwide restructuring
The Indianapolis-based hospital system said it is transitioning from six regions to four to improve patient care models and better align with future expansion.
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New coalition seeks to reduce barriers for entrepreneurs in Indiana
The coalition is a state branch of the national nonprofit Right to Start, which advocates for laws that provide tax breaks, provide procurement dollars and reduce regulations for startups and small businesses.
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Mike Lopresti: Heading to the Emerald City
In this universe, Indiana is all over the stat sheet of national leaders like a spilled cup of coffee—No. 1 in the country in rushing defense, No. 2 in scoring offense, No. 3 in total defense and pass efficiency.
Read MoreCecil Bohanon and John Horowitz: No more rate cuts until inflation definitively declines
We have long advocated that the Fed firmly support its target 2% rate for U.S. inflation.
Read MoreJess Carter: How to bridge the gap between data and decisions
Technical experts often get frustrated when business leaders don’t inherently “get it,” while non-technical leaders feel equally frustrated when data experts throw a bunch of numbers at them.
Read MoreMickey Kim: Stock market booming but beware of tax pitfalls
In difficult times, the hardest thing for long-term investors to do is to do nothing.
Read MoreDennis Murphy and Mike Ash: Employers, now is the time to help build the workforce
We’re part of a groundbreaking initiative called CEMETS iLab Indiana, a coalition of more than 200 Hoosier business, education, government and nonprofit leaders working to transform how we educate and train young people in our state.
Read MoreSean Mobley: Renewable energy is clear choice to power state’s future
The Nature Conservancy supports policies that strengthen our resources through renewable energy, but we’re not alone in this quest. Hoosiers agree, and so do the corporations that have found our state to be attractive for business purposes.
Read MoreGreg Weaver: Gov.-elect Braun should lead on transparency
The Republican can set an example about the importance of transparency in government by protecting the role of the state’s public access counselor despite the Legislature’s moves to weaken the post.
Read MoreEditorial: Actions by public officials chip away at our trust in government
Promoting leaders accused of harassment and other problems turns people away from government institutions. Our elected officials—from both parties and at all levels of government—must do better.
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IU rewards Curt Cignetti for 10-0 start to season with 8-year contract
Cignetti has done what many thought impossible—leading the Hoosiers into the top five in the college football rankings and putting them on the precipice of a playoff spot in his first season.
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Accounting firm KSM announces move to new nearby office
Indianapolis’ largest accounting firm said its move to a new office within the same 96th Street business park will give it a chance to reconfigure its workspace to fit the realities of the post-pandemic office environment.
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$8M townhouse development planned for north-side brownfield
The 20-unit townhouse project will consist of six buildings just south of 22nd Street, across from the development group’s M22 apartment project.
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Indiana-based Berry Global acquired by Swiss packaging giant in $8.4B deal
Amcor, the acquirer, said the deal “brings together two highly complementary businesses to create a global leader in consumer packaging solutions.” Berry is one of the state’s largest public companies.
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