Scannell planning to build $14.5M distribution facility for PepsiCo
The 200,000-square-foot southeast-side project would be constructed for PepsiCo subsidiary P-America LLC, which has multiple facilities around Indianapolis.
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Another Carmel restaurant closes, citing U.S. 31 project for hurting business
At least four restaurants in the area have blamed their closings on the U.S. 31 project. Carmel says other nearby restaurants are doing just fine.
Governor selects surgeon George Rapp for state’s highest honor
Dr. George Rapp, an orthopedic surgeon and humanitarian, is this year’s recipient of the Sachem Award.
Hoosier ag biotech firms, farmers targeted by foreign spies
FBI special agent Craig Moringiello told IBJ “we have a tremendous infrastructure in place in this state for agricultural innovation, and that makes us a target.”
July U.S. jobs report shows solid gains amid trade frictions
U.S. employers slowed their hiring in July, but added a still-healthy number of jobs. Average hourly earnings increased 3.2% from a year ago, up from annual gains of 3% in June.
Sun King to open Broad Ripple taproom at former Thr3e Wise Men site
Indianapolis-based Sun King acquired the business assets of the former Thr3e Wise Men location on Broad Ripple Avenue in an auction Thursday.
Educators’ Village housing initiative on east side struggles to attract teachers
One year since its first houses went on the market, seven out of the 15 homes sold are now occupied by teachers, making the village a much more mixed community than the developers’ initial lofty goals.
Trump says he’ll put 10% tariffs on remaining China imports
President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.
NCAA unveils new enforcement arm with outside investigators
Creating a new process for dealing with some high-profile infractions cases was one of several recommendations made last year by the Rice Commission on college basketball.
Former Indianapolis Mayor Greg Ballard says he’s not running for Congress
Ballard had been one of several Republicans suspected of being interested in running for Indiana’s 5th District, which is being vacated by Rep. Susan Brooks next year.
City to close key Market Street block for eight-month, $6M revamp
The complete overhaul of the street will include a raised pedestrian crossing between entrances for the City-County Building and the City Market.
Target no longer eyeing Circle Centre for downtown store, sources say
With Target out of the picture, the ground floor of the former Carson’s space in Circle Centre will be marketed to multiple retail, restaurant and entertainment tenants, sources said.
Anderson buys historic theater after failed renovations
Mayor Thomas Broderick Jr. said the price was reasonable and the theater could be tied into redevelopment efforts in the city.
IndyCar to use hybrid technology to boost horsepower, safety
The addition of the hybrid powertrain will delay the debut of IndyCar’s new engine from 2021 to 2022, realigning it with the arrival of the next chassis.
Indians announce naming-rights partner for new club space
The 4,500-square-foot club, to be constructed between the 2019 and 2020 seasons as part of $8.3 million in Victory Field improvements, will be sponsored by Indianapolis-based Elements Financial Federal Credit Union.
Circle Centre to market top two floors of former Carson’s as office space
The Carson’s space has been vacant since April 2018, leaving a gaping hole in the nearly 800,000-square-foot downtown mall.
Broad Ripple restaurant The Vanguard closes, but plans comeback
Owner Bill Ficca said he plans to reopen the restaurant at 6319 Guilford Ave. after Labor Day with a new concept.
Indiana gets $17M in latest round of U.S. airport grants
The latest round of airport infrastructure grants includes $4.74 million to Indianapolis International Airport for taxiway and apron rehabilitation and security enhancements.
Celadon lines up $165M in new financing, to replace aging fleet
Celadon CEO Paul Svindland said the financing would provide “a solid platform for the next stage of our business turnaround.”
Allison Transmission beats 2Q forecasts with record sales
Allison attributed the increase in sales to higher demand in the North America On-Highway and Outside North America Off-Highway end markets.