Indiana gets low-interest loans for tornado relief
Businesses, residents and some not-for-profits in 19 Indiana counties recovering from the November tornado outbreak can receive low-interest federal disaster loans.
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Industry providing cash advances for lawsuit payoffs fights bill
The director of a group of financing companies warned Wednesday that lawmakers “would eliminate this industry from Indiana” should they approve a measure targeting companies that provide cash advances to people awaiting payoffs in personal injury lawsuits.
Pension board, lawmakers hash out annuity worries
The Indiana state pension system is pressing ahead with a proposal to privatize state employees' annuity savings accounts, even as legislators consider placing a hold on the move for five years amid widespread concerns that state workers would lose valuable benefits.
Longtime Simon Property CFO stepping down
Stephen Sterrett joined the predecessor to Simon Property Group Inc. in 1989, before the retailing giant went public in 1993 and eventually became the world’s largest mall developer.
White Lodging investigating security breach
The Merrillville-based hotel chain is investigating a breach that might involve information on thousands of guests.
Hendricks County man sentenced for Ponzi scheme
A Brownsburg businessman will serve two years in prison and 14 years on probation for his role in stealing $1.5 million from 24 investors in Johnson and Hendricks Counties, as well as Colorado.
Senate amends corporate tax bill, rejects Democrats’ efforts to strip key provisions
Financial institutions would have to wait an additional three years to fully feel the effects of a statewide tax cut under changes made Tuesday to Indiana Senate Bill 1.
Hawthorns Golf Club in Fishers files for bankruptcy
The move comes after a lender filed a $4.8 million foreclosure lawsuit on the club and asked a Hamilton County court to appoint a receiver.
Minimum wage bills pushed in at least 30 states
A pitch last week from Indiana Democrats was a nonstarter. But a Quinnipiac University poll this month found 71 percent of Americans in favor of raising the minimum wage—including more than half of Republicans polled.
Bill would keep state’s annuity system in-house
The Indiana House is set to consider legislation that will prevent the state from privatizing one part of public employee and teacher retirement funds.
Upstate bank expands central Indiana presence
Warsaw-based Lake City Bank has opened a 3,700-square-foot branch on the northeast corner of State Road 37 and 131st Street.
Investors seek payoff from Indiana oil wells that big players ignore
Indiana is experiencing a mini oil-boom, thanks to some big producers, but some small, private investors are also in on the game, through Indianapolis-based Midwest Energy Partners, formed four years ago by former CountryMark executive Bill Herrick.
Investment firm ties crowd-funding to traditional fundraising
The online investing marketplace Localstake brokered a little more than $1 million in private investments for an Indiana distillery and a solar-heating startup in 2013, through crowd-funding. Instead of receiving a T-shirt or other novelty for their money, as with typical crowd funding, contributors received an actual stake in the business.
Indianapolis-area mergers and acquisitions in 2013
The deals on this list do not include a transaction price.
Five questions: Indiana treasurer ponders course for yield rise
Richard Mourdock, a 62-year-old geologist and former coal-mining exec in his second term as Indiana treasurer, discusses his approach to managing $7 billion in state funds.
Indy-based website for coaches scores key VC investment
The startup operating from SoBro plans to expand its market with the cash infusion, connecting athletes and teams to qualified coaches.
Committee considers but doesn’t vote on new VC tax credit
Senate Bill 165, authored by Republican Sen. Randy Head of Logansport, would distribute up to $10 million in tax credits to venture capital firms investing in Indiana businesses.
Bill meant to protect credit scores considered by committee
Senate Bill 175 would restrict the use of credit checks in reducing credit scores.
Funding drought pinches life sciences firms
Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.