BASI promises ‘never again’ after big losses
Bioanalytical Systems Inc.’s new CFO won praise this month for laying out an aggressive cost-cutting plan—but not before the rest of the company’s leaders got a tongue lashing for their past performance.
Regional News
Articles
Developer Kite to remake key corner in Carmel
Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.
Live Nation drops beer prices at outdoor concert venues
The $2.75 drop is meant to enhance the concert experience at Klipsch Music Center and The Lawn at White River State Park.
Biz boosters embrace One Click, but it’s no sure thing
Husband-and-wife entrepreneurs Randy and Angie Stocklin started Greenwood-based One Click Ventures out of their home with $20,000 in 2005. They now own a portfolio of niche retail websites, including SunglassWarehouse.com, HandbagHeaven.com and Scarves.net, which brought $5.3 million in revenue last year.
Massive Anson project showing residential, retail progress
Duke Realty Corp. has retrenched at its massive Anson development in Whitestown—focusing on the most promising sections, rearranging some of its site plans, and letting land-purchase contracts expire on about 300 acres where development prospects are likely several years away.
Greenwood sues bank to collect $917,000 letter of credit
The City of Greenwood says a Minnesota bank owes it more than $900,000 to pay for street and sewer improvements left undone by the bankrupt developer of a mobile home park along U.S. 31.
Bloomington greeting card company closing plant
Sunrise Greetings said it will move operations by the end of the year to the Kansas City, Mo., headquarters of parent Hallmark Cards Inc., resulting in the loss of 93 jobs.
Subaru to add 100 jobs as part of $75 million expansion
Subaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will ramp up production from nearly 171,000 cars a year to at least 180,000.
Work on central Indiana wind farm set for this summer
A company planning to build a wind farm spread across four central Indiana counties north of Indianapolis says it has obtained 125 building permits for the project's first phase.
Indy art museum receives grant for Miller House
The Indianapolis Museum of Art has received a grant to digitize, catalog, and put online a collection of materials about a 1957 modernist-style home in Columbus designed by famed architect Eero Saarinen.
Airport faces fiscal headwinds
The Indianapolis Airport Authority recorded a $31.3 million operating loss in 2011, a result that new board President Michael Wells believes underscores the need to find new sources of revenue.
Carmel event firm sold, relocated to Castleton
EventzPlus, besides hosting large gatherings, will also offer daily office space rentals to small business owners.
University Loft adding jobs as it recovers from credit crunch, probe
Nearly two years after federal agents raided furniture maker University Loft Co.’s Hancock County plant, the once-fast-growing firm is seeing business bounce back.
Fast-growing One Click lands $1M state incentive deal
A Greenwood e-commerce company could collect $1 million in state tax credits and training grants if it succeeds in hiring 109 new employees over the next five years.
Zionsville voters approve tax bump for school system
Zionsville voters passed a referendum Tuesday night that will hike local property taxes to provide additional school funding. Meanwhile, Johnson County taxpayers voted no Tuesday on a referendum to decide whether to help finance a $30 million library project.
Zionsville voters face lone area school-funding referendum
Zionsville’s school district is asking taxpayers to address a $2.5 million budget shortfall. Meanwhile, in Johnson County, voters will consider whether to help finance a $30 million project that includes the construction of a 70,000-square-foot library.
Lawsuit: Anderson mayor fired 10 workers over politics
A central Indiana mayor is fighting a lawsuit filed by 10 former city employees who claim they lost their jobs because they backed the mayor's opponent in last year's election.
New charter school proposed for North Meridian Street
An Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at Meridian and 22nd streets.
Want to check your coat? Now, there’s an app for that
Indianapolis-based upstart CoatChex is preparing the launch of an iPad-based, ticketless coat-check system for bars through which a patron enters his phone number to check a coat and, later, to retrieve it.
INSIDE DISH: Husband-wife team revive sushi joint’s reputation
Scott and Debbie Bennett sank their savings into purchasing Greenwood's Yokohama, which had a past peppered with disappointed patrons.