Hostel planned for former church, event center in Fountain Square
Plans for the hostel have been recommended for approval by city staff, because it “would be appropriate and would recognize [the building’s] historical and architectural value.”
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Local security systems dealer Defenders acquired by ADT for $381M
Defenders owners David and Jessica Lindsey, who founded their home security and automation company in 1998, received roughly 16.3 million shares of ADT common stock for their 100% stake in the company, ADT said.
Carmel sets dates for proposed film and music festival
Carmel’s proposed film and music festival didn’t receive as much funding as organizers hoped for, but dates are set and a not-for-profit has been formed to run it.
Democrat Melton drops out of race for Indiana governor
Sen. Eddie Melton of Gary announced his candidacy in October, becoming the third Democrat to seek the party’s nomination to challenge Republican Gov. Eric Holcomb.
Pier 1 Imports to close half its stores as sales falter
Pier 1 Imports, which is led by the former CEO of defunct retailer HHGregg, plans to shut down hundreds of stores as it struggles to draw consumers and compete online.
GOP lawmakers differ slightly from governor on 2020 priorities (including on swine barn funding)
Like Gov. Eric Holcomb, Indiana Senate and House Republicans are focused on health care, education and spending one-time dollars on capital projects this year. But lawmakers have slightly different views on how those surplus dollars should be spent.
Indiana governor changes stance on teacher pay action
Republican Eric Holcomb has said he would wait for recommendations later this year from a teacher pay commission he appointed in February, but he told reporters Monday—on the first day of the legislative session—that might change with state tax revenues growing faster than expected.
Redistricting reform advocates pushing for transparency
Redistricting reform advocates are taking a slightly different approach at the Republican-controlled Indiana Legislature this year, as they make more transparency the priority ahead of lines being redrawn in 2021.
Penske’s purchase of IMS, IndyCar finalized
The sale puts Roger Penske in charge of the Indianapolis Motor Speedway, the open-wheel series that is built around the Indy 500 and the track’s esteemed production group.
Joella’s Hot Chicken coming to Westfield’s south side
The chicken chain is in the midst of doubling in size. The new location will be its fourth in Indiana.
Original Circle Centre tenant New York & Co. set to close
The closure will leave the downtown mall with only a handful of tenants who were part of the shopping center’s 1995 opening day store lineup.
Speedway officials seek remedy for delayed Wilshaw hotel project
Progress on the 126-room Wilshaw, at the southeast corner of Main and 16th streets, has been stalled since early July while Indianapolis-based developer Loftus Robinson awaits the release of its first loan installment to finance the project.
IEDC says 2019 deals created fewer jobs, but more investment, higher wages
The state’s lead economic development agency announced Monday that it secured nearly 300 development deals in 2019 that are expected to result in more than 27,000 new jobs.
IBJ Podcast: Pete the Planner on setting 2020 resolutions about money
Peter Dunn walks podcast host Mason King through how to set good financial goals and then how to keep them.
Teacher pay action not on GOP’s agenda in 2020 General Assembly
Members of the Republican-dominated General Assembly are set to return Monday to the Statehouse in Indianapolis for their 2020 session, during which they will face continued calls from teacher unions and Democrats for better teacher pay.
New Indiana rule adds risk assessments for booked inmates
A new Indiana rule requiring that booked inmates be assessed to determine risks or benefits of releasing them before trial is expected to eventually reduce overcrowding at the state’s county jails, criminal justice officials said.
New year brings changes for small businesses
Among other adjustments, there are higher minimum wages for many states, new federal overtime rules and new W-4 forms.
Bourdais, Hinchcliffe casualties of cruel IndyCar offseason
The abrupt sackings of four-time series champion Sebastien Bourdais and popular veteran James Hinchcliffe has made for an offseason of distasteful business decisions that has contributed to a rapidly changing landscape in a series trying to make a comeback.
Some Indiana retailers say they’re unaware of tobacco age change
It is now illegal for a retailer to sell any tobacco product—including cigarettes, cigars and e-cigarettes—to anyone under 21, according to federal law.
Indiana kitchen products company doesn’t plan to reopen
A company that made kitchen products in Indiana for 117 years has failed to find a buyer and won’t resume local production.