The stock market dropped in 2022. So did the unemployment rate. Except in Indiana, where in both cases, the numbers crept up.
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The split is a move that state and local officials and many business leaders had quietly advocated for years because it gives each school the opportunity to develop its own strengths in the city.
Read MoreDavid Ricks led Eli Lilly and Co. to milestone after milestone in 2023, with a slew of product launches for diseases from obesity to inflammatory bowel disease. And when Lilly wasn’t scoring wins in the laboratory, it was issuing a series of head-turning announcements,
The company has notched several noteworthy accomplishments this year under Rumsey’s leadership.
Shawn Fain, a union firebrand from Kokomo, first shocked organized labor in March by being elected the United Auto Workers’ national president. Then he surprised the Big Three automakers by organizing a strategic strike.
He missed all of the team’s offseason workouts and all of training camp while rehabbing.
Since he was tapped in 2022 to lead Indianapolis-based Elevate Ventures, Christopher Day has used his experience as an entrepreneur and investor to help the firm expand its growth investing.
The Democratic incumbent beat a self-funded opponent in a reelection bid where he focused on the administration’s fiscal accomplishments and unfinished business leftover from the pandemic.
In February, the Colts hired Shane Steichen as head coach, ending Irsay’s unconventional experiment that placed Jeff Saturday in the role for eight games of the 2022 season.
Mung Chiang took over as president of Purdue University on Jan. 1—following the decade-long tenure of Mitch Daniels—and less than four months later signed off on the agreement that will formally separate IUPUI into two operations.
Sue Finkam, a three-term member of the Carmel City Council, will succeed Republican Mayor Jim Brainard, who reshaped the Hamilton County city over his seven terms in office.
Here’s a month-by-month review of some of the biggest stories in 2023.
The status-quo wins dashed Democratic hopes of making inroads in Hamilton County and Republican hopes of more influence in
Marion County.
While central Indiana has its share of large arenas and stadiums, the region has long been short on venues for events that draw only a few thousand spectators.
Among other big dealmakers in 2023 was Hillenbrand Inc., Jasper-based Kimball International Inc. and Noblesville-based Helmer Scientific Inc.
Indianapolis-based developer Kite Realty Group Trust handed reins to the project over to the city after the firm was unable to secure favorable enough interest rates on the private market to justify financing the hotel.
The LEAP Research and Innovation District under development near Lebanon represents a shift in the way the Indiana Economic Development Corp., the public-private state agency overseeing the project, is working to attract companies and create jobs.
Coffee shops flowed into central Indiana this year, highlighted by 10 companies that launched new locations. Plus, there were a slew of restaurant openings and closings.
Ersal Ozdemir—the real estate developer who brought professional soccer to Indianapolis—has married his two passions in a proposed $1 billion mixed-use project planned for the Diamond Chain manufacturing site downtown.
Carmel-based KAR Auction Services Inc., which has been working to transform itself into a digitally operated company, took a big step toward that goal when it sold its U.S. physical auto auction business to Tempe, Arizona-based Carvana for $2.2 billion in cash.
Indianapolis played host to the 2022 College Football Playoff National Championship game on Jan. 10 at Lucas Oil Stadium, bringing more than $156 million to the city in the process.
Meritor, which had 9,600 global employees pre-acquisition, is a leader in electric axle and brake technology.
