Shelbyville’s SCB Bank scrambles for capital
A Shelbyville-based bank appears to have missed a federally mandated deadline for boosting its capital levels, a failure that might put it at risk of government takeover.
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INSIDE DISH: Brewpub beats sales goals in rocky first year
With an $80,000 nut and some luck with bank loans, D.J. McCallister has beaten staffing woes and an unforeseen sales slump to make newcomer Black Swan Brewpub a break-even enterprise.
Obscure not-for-profit covering shortfalls in Carmel
The Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s expected to provide another $4.5 million through June 30.
Rise of pouch packaging to lift new Lebanon plant
Toronto-based Skjodt-Barrett Contract Packaging opened its first U.S. plant in Lebanon to meet demand from major consumer brands for baby food and fruit snacks in flexible pouches.
Sign-company owner builds full-service firm on trust
Beverly Miller has built a successful sign company by providing clients full service, from helping them navigate city code regulations, to designing, manufacturing, installing and servicing their signs.
EnerDel parent dismantles executive team
Ener1 Inc., the struggling parent company of Indianapolis-based advanced-battery maker EnerDel, continued its tumultuous year by naming a new CEO, president and chief financial officer.
Ohio River bridge shutdown shrinks casino payments
The closure of Interstate 64's Sherman Minton Bridge linking New Albany and Louisville has reduced profit-sharing revenues paid by a southern Indiana riverboat casino to two counties and will delay officials from repaying $8 million to a foundation.
Remy International reports lower third-quarter profit
The Pendleton-based company filed plans in March to raise up to $100 million through an initial public offering.
Carmel resident takes entrepreneurship plunge with Amy’s PJs
Amy Graham left her job as marketing director of a plastic surgery practice early this year to pursue her dream of running a high-end pajama boutique.
Centier Bank opens Indianapolis-area loan production office
The Merrillville-based bank is testing the waters before launching a retail-banking presence.
Court case might roil not-for-profit tax rules
A Bartholomew County not-for-profit affordable housing development group is preparing to fight in Indiana Tax Court a denial of its property-tax exemption. The denial has put the organization
$200,000 in debt and its rental homes in danger of tax foreclosure.
Carmel free clinic drawing jobless professionals
Trinity Free Clinic in Carmel began in 2000 to serve a growing Hispanic immigrant population. Since the latest recession, so many people—including unemployed professionals—have found their way to the clinic that the portion of white patients has grown from one-third in 2008 to 47 percent last year.
Heartland Sweeteners plans $10M upgrade to Indy plant
Heartland Sweeteners LLC plans to spend nearly $10 million to upgrade its Indianapolis plant and potentially boost its work force there by 39 employees in the next five years.
Avon security company beefing up work force
Nolan Security & Investigations said it plans to add as many as 300 part-time and full-time workers to serve new clients.
Ortho firms pull back on doc payments
The number of payments in excess of $1 million didn’t change substantially from year to year, but orthopedic companies sharply cut their fees to surgeons who received the smallest amounts.
Cash-strapped school districts eye bus service cuts
Public school districts across Indiana could find themselves risking parental wrath by getting out of the transportation business as they struggle with shrinking revenues and property tax caps.
Johnson County waste district swamped with used electronics
An Indiana law designed to keep hazardous chemicals out of landfills is causing an overflow of unwanted electronics at a central Indiana waste district's offices.
Bright Automotive signs AM General to build hybrid vans
The northern Indiana factory where AM General once made H2 Hummers could be building plug-in, hybrid cargo vans under a deal with Anderson-based Bright Automotive announced Friday.
AG: Nashville concert hall to pay ticket refunds
Attorney General Greg Zoeller says the owners of a southern Indiana concert hall destroyed in an arson nearly two years ago have agreed to refund $26,500 to ticketholders for cancelled shows.
Carmel’s Palladium subsidy multiplies
The city of Carmel will subsidize its new performing arts complex to the tune of $5.5 million this year, nearly triple the amount provided last year.