• Holcomb says the state's partnership with Lessonly shows Indiana is "leaning into this space in a big, big way."

    Holcomb: Tech Companies Growing in 'Perfect Environment'

    Governor Eric Holcomb says Indiana's pool of mentors in tech create an industry where "the hits just keep on coming." He says entrepreneurs who have turned "coffee table discussions" into million and billion-dollar companies paved the way for businesses like Indianapolis-based Lessonly, which today announced a $2 million expansion involving more than 100 new jobs. Chief Executive Officer Max Yoder says the growth, coming just weeks after announcing...

  • The game is set for February 14, 2021.

    All-Star Weekend to Showcase 'Greatest State Export'

    Community leaders say Wednesday's announcement that the 2021 NBA All-Star Weekend is coming to Indianapolis shows that sports, particularly basketball, continue to be a major economic driver.Governor Eric Holcomb is promising a "world-class event," with help from partners including Visit Indiana, Visit Indy and Indiana Sports Corp. The game is set for February 14, 2021, just weeks before Indianapolis hosts the NCAA Men's Final Four.

  • (Image courtesy of The Oaks Academy.)

    Private School Shatters Fundraising Goal, Opts to Raise Bar

    The chief executive officer of an Indianapolis urban-based private school network says an overachieving fundraising campaign will move growth plans to an "all together different trajectory." Andrew Hart says, with the help of an additional $2 million in donations The Oaks Academy is now seeking, it wants to add teachers, develop new infrastructure and make facility improvements to boost its potential enrollment from the current 815 to more than 1,200.

  • Michigan Company Closing Richmond Facility

    Michigan-based Janesville Acoustics has announced plans to close its manufacturing facility in Richmond. In a notice to the state, the company said nearly 70 employees will be laid off as a result of the closure. Janesville Acoustics did not provide a specific reason for the closure, but said it would be permanent.

  • Toll Road Operator Set to Launch Transportation System

    Granger-based Indiana Toll Road Concession Co. says it will begin work in early 2018 on its previously-planned intelligent transportation system. The project follows the installation of 70 miles of fiber optic cable, which was completed earlier this year as part of the $220 million 80/90 PUSH Project. 

  • (Image Courtesy: Lilly Oncology)

    Lilly Cancer Treatment Falls Short in Study

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced it will not seek regulatory approval on another use for one of the key treatments in its cancer portfolio. In a late-stage study, CYRAMZA met its main goal of progression free-survival in patients with HER2-negative metastatic gastric or gastroesophageal junction adenocarcinoma, but did not improve a secondary endpoint: overall survival rate.

  • Nonprofit Awarded $900K Grant For Program Expansion

    An Indianapolis-based nonprofit has received $900,000 in funding aimed at strengthening and expanding its parenting coordination and guardianship services throughout the state. Kids' Voice of Indiana says the three-year grant from Lilly Endowment Inc. will support new facilities through its Children's Law Center Program.

  • (Image courtesy of the U.S. District Court, Southern District of Indiana.)

    Senior Status Coming For District Judge

    A U.S. District Court judge in the Southern District of Indiana has announced he will wind down his career. District Judge William Lawrence will take senior status beginning in July. He has served as a district judge since 2008 after being elevated to the position by then-President George W. Bush. Lawrence first joined a federal bench as a magistrate judge in 2002.

  • U.S. Attorney Josh Minkler (file photo)

    Second Vigo County School Funds Thief Convicted

    An accomplice in a theft of more than $110,000 from the Vigo County School Corp. has been convicted in federal court. Franklin Fennell, the district's former facilities director, will serve up to 20 years in prison for a scheme involving kick-backs on falsified work invoices. The office of United States Attorney Josh Minkler says Fennell and former Vigo County Sheriff's Department deputy Frank Shahadey worked with a local contractor to create and submit invoices that either included...

  • (photo courtesy Paul Sableman)

    Historic Indy Building to Become Hotel

    A nearly 110-year-old building in downtown Indianapolis will soon have new life. Indianapolis-based real estate development firm Loftus Robinson is partnering with Kimpton Hotels & Restaurants in California to transform the former Odd Fellows building into a 130-room hotel with a signature restaurant. Financial terms of the project are not being disclosed, however the developer says the hotel is scheduled to open in early 2020 and create about 150 hotel and restaurant jobs.

  • Tech Company Turns Software Into Subsidiary

    An Indianapolis-based tech company has announced plans to split one of its software platforms into its own subsidiary. Axia Technology Partners says Kerauno, which provides connectivity, voice service and managed network service to clients, will operate as an independent software company under the AxiaTP umbrella.

  • Tech

    • Toll Road Operator Set to Launch Transportation System

      Granger-based Indiana Toll Road Concession Co. says it will begin work in early 2018 on its previously-planned intelligent transportation system. The project follows the installation of 70 miles of fiber optic cable, which was completed earlier this year as part of the $220 million 80/90 PUSH Project. 

    • Holcomb: Tech Companies Growing in 'Perfect Environment'

      Governor Eric Holcomb says Indiana's pool of mentors in tech create an industry where "the hits just keep on coming." He says entrepreneurs who have turned "coffee table discussions" into million and billion-dollar companies paved the way for businesses like Indianapolis-based Lessonly, which today announced a $2 million expansion involving more than 100 new jobs. Chief Executive Officer Max Yoder says the growth, coming just weeks after announcing...

    • Lessonly Announces More Growth

      Indianapolis-based Lessonly Inc. says a $2 million investment will create more than 100 jobs by 2020. The training software company says it will initially build on its current operations, but will look to expand its footprint in the city during the next five years. Last month, Lessonly announced an $8 million round of funding. The growth will more than double the current size of the Lessonly team. The new positions are expected to pay...

    More
  • Education

    • Private School Shatters Fundraising Goal, Opts to Raise Bar

      The chief executive officer of an Indianapolis urban-based private school network says an overachieving fundraising campaign will move growth plans to an "all together different trajectory." Andrew Hart says, with the help of an additional $2 million in donations The Oaks Academy is now seeking, it wants to add teachers, develop new infrastructure and make facility improvements to boost its potential enrollment from the current 815 to more than 1,200.

    • Second Vigo County School Funds Thief Convicted

      An accomplice in a theft of more than $110,000 from the Vigo County School Corp. has been convicted in federal court. Franklin Fennell, the district's former facilities director, will serve up to 20 years in prison for a scheme involving kick-backs on falsified work invoices. The office of United States Attorney Josh Minkler says Fennell and former Vigo County Sheriff's Department deputy Frank Shahadey worked with a local contractor to create and submit invoices that either included...

    • Erskine Green Institute Lands AWS Foundation Grant

      The Erskine Green Training Institute in Muncie has been awarded a $170,000 grant from the Fort Wayne-based AWS Foundation. The funds will support scholarships and increased outreach in northeast Indiana. EGTI is housed at the Courtyard Muncie, and provides vocational training and employment opportunities for people with disabilities.

    More
  • Manufacturing & Logistics

    • Michigan Company Closing Richmond Facility

      Michigan-based Janesville Acoustics has announced plans to close its manufacturing facility in Richmond. In a notice to the state, the company said nearly 70 employees will be laid off as a result of the closure. Janesville Acoustics did not provide a specific reason for the closure, but said it would be permanent.

    • Fighting Irish Battle Elkhart Labor Shortage

      Elkhart County’s RV industry is on the upside of its tale of redemption; after the recession brought the region “down to our knees”—as one company executive described it—the area is now posting record RV sales numbers and announcing expansions at a furious rate. But the growth isn’t without hiccups. 

    • Lochmueller Group to Showcase New Jeffersonville Space

      Evansville-based Lochmueller Group Inc. will cut the ribbon Wednesday on new office space in Jeffersonville. The company, which has had a presence in the Clark County city for six years, says growth has led to the need for more space. The surveying, planning, engineering and environmental services firm changed its name from Bernardin Lochmueller & Associates in 2014 to avoid confusion with another similarly-named company that also has a presence in states including...

    More
  • Life Sciences

    • Lilly Cancer Treatment Falls Short in Study

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced it will not seek regulatory approval on another use for one of the key treatments in its cancer portfolio. In a late-stage study, CYRAMZA met its main goal of progression free-survival in patients with HER2-negative metastatic gastric or gastroesophageal junction adenocarcinoma, but did not improve a secondary endpoint: overall survival rate.

    • Bloomington, Monroe County to Sue Opioid Makers, Distributors

      Monroe County and the city of Bloomington are the most recent Indiana municipalities taking on opioid manufacturers in court. Mayor John Hamilton says the lawsuit is "one of many avenues" the city and county are pursuing to address social and "significant financial burdens" caused by the opioid epidemic. Commissioner Amanda Barge says the suit aims to take opioid distributors and manufacturers "to task."

    • Lilly Issues 2018 Guidance

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) is expecting low-single-digit revenue growth next year. In its 2018 financial guidance, the drugmaker is projecting revenue to be between $23 billion and $23.5 billion, driven by recently-launched products including Trulicity, Taltz and Cyramza. Lilly expects earnings per share for 2018 to be in the range of $4.24 to $4.34. The company is maintaining expectations for at least 5 percent average annual revenue growth from 2015 to...

    More
  • Health

    • Lilly Cancer Treatment Falls Short in Study

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced it will not seek regulatory approval on another use for one of the key treatments in its cancer portfolio. In a late-stage study, CYRAMZA met its main goal of progression free-survival in patients with HER2-negative metastatic gastric or gastroesophageal junction adenocarcinoma, but did not improve a secondary endpoint: overall survival rate.

    • Erskine Green Institute Lands AWS Foundation Grant

      The Erskine Green Training Institute in Muncie has been awarded a $170,000 grant from the Fort Wayne-based AWS Foundation. The funds will support scholarships and increased outreach in northeast Indiana. EGTI is housed at the Courtyard Muncie, and provides vocational training and employment opportunities for people with disabilities.

    • Holcomb Announces Parental Leave Policy

      Governor Eric Holcomb has signed an executive order calling for up to four weeks of paid leave for executive branch workers to spend with newborn or adopted children. Holcomb says the move aims to "attract more top talent to state government service." The policy, part of Holcomb's 2018 Next Level Agenda, takes effect January 1, 2018. He says it gives both women and men the time they need to bond and adjust to a new child. Workers with at least six consecutive months...

    More
  • Ag INnovation

    • St. Elmo 'Extensions' Coming to The Yard in Fishers

      The first two tenants of The Yard in Fishers will come from a familiar name on the Indiana dining scene. St. Elmo Co-Proprietor Craig Huse says new 1933 Lounge and Burger Study locations will open at the $40 million food and entertainment district in July of 2019. "Fishers residents are already at 1933 and St. Elmo and Harry & Izzy's downtown (in Indianapolis) and you have so many great employers," Huse said. "It was really just a natural move for us."

    • Fishers, Developer to Unveil First Tenants of 'The Yard'

      A planned $40 million food and entertainment district in a rapidly-developing section of Fishers will take a major step Wednesday. City officials will announce the first two restaurant commitments at The Yard. Plans for the district, which were first announced a year ago, include attracting familiar and new restaurant names, as well as serving as a culinary entrepreneurial hub and a place for gatherings.

    • IEDC Chalks Up a Record-Breaker

      The state is reporting a record year for job commitments and the Indiana Economic Development Corp. says plans totaling 30,158 new jobs are heavily driven by one industry typically tied to the state and another that's rapidly gaining ground. Manufacturing, Indiana's traditional economic bread-and-butter, continued to lead the way in expected job commitments with 10,885. Job commitments in technology rose year-over-year to more than 7,600.

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  • Managed Health Services Appoints VP

    Managed Health Services has appointed Jill Claypool vice president of network development and contracting. She previously served as director of Medicaid risk for Indiana University Health Plans, which included P&L management for the Medicaid line of business.

  • Regions Financial Corp. Names President

    John Turner Jr. (pictured) has been promoted to president of Regions Bank and Regions Financial Corp. He most recently served as a senior executive vice president, a member of the bank’s executive council and head of Regions’ corporate banking group. Turner is also responsible for corporate strategic planning and will remain head of the Corporate Banking Group.

  • Endangered Species Chocolate Hires Marketing Chief

    Indianapolis-based Endangered Species Chocolate has hired Tod Dalberg as director of brand & marketing. He previously served as vice president at Simon Property Group. In his new role, Dalberg is responsible for developing all brand and marketing opportunities for the natural chocolate company. He has more than 25 years of marketing and business development experience to the company.

  • Cushman & Wakefield Adds to Team

    Cushman & Wakefield has named Abigail Sievers an industrial brokerage associate in the firm’s Indianapolis office. She specializes in tenant representation. Sievers previously worked for Colliers International. She is actively involved with the National Association of Realtors, Indiana Commercial Board of REALTORS, Indianapolis Commercial Real Estate Women and NAIOP, Commercial Real Estate Development Association.

  • Music For All Promotes Sternberg to Manager

    Music for All, one of the nation’s largest and most influential organizations in support of active music-making, has promoted Mark Sternberg to events manager. He has been a part of the events team since 2013, first as an events coordinator and most recently senior events coordinator. Also, Sternberg previously served as a band director and music teacher in central Indiana for 10 years.

  • Ice Miller Attorney Selected For LCLD Pathfinder Program

    Ice Miller LLP has selected attorney Charles Bush as its 2018 Leadership Council on Legal Diversity Pathfinder. The LCLD Pathfinder Program is designed for diverse, high-potential, early career attorneys at LCLD Member organizations. Bush is an attorney in the firm's labor and employment group.

  • Midwest Urban Strategies Consortium Selects Treasurer

    Linda Woloshansky has been selected to serve as treasurer of the Midwest Urban Strategies Consortium. She is president and chief executive officer the Center of Workforce Innovations. Midwest Urban Strategies Consortium is made up of 13 workforce boards serving urban areas in the midwest.

  • The Farmers Bank Promotes Doyle

    The Farmers Bank has promoted Grant Doyle to consumer loan officer. He will work at the Lebanon office. Doyle started at the bank as a float teller in 2015. He has more than three years of banking experience.

  • Indiana Connected By 25 Elects Two Board Members

    Nonprofit Indiana Connected By 25 has elected Dan Larner and Megan Robertson to the organization’s board of directors. Dan Larner is an executive director and investment team lead at J.P. Morgan Private Bank. Megan Robertson is president and owner of FrontRunner Strategies, a political consulting and issue advocacy firm. 

  • IU Health Physicians Names President

    David Ingram (pictured) has been named president of Indiana University Health Physicians. He is currently chief medical officer of the physician group and a longtime faculty member in pediatrics at IU School of Medicine. Ingram will replace John Fitzgerald, the founding executive of IU Health Physicians, who is taking on the new role of senior vice president of population health for IU Health.

  • State Museum Promotes Two

    The Indiana State Museum and Historic Sites has promoted Beth Van Why to chief officer of engagement. She has been with the museum since 2015 and most recently served as vice president of exhibitions. Also, Susannah Koerber has been promoted to chief curator and research officer. She previously served as senior vice president of collections and interpretation.

  • Allison Transmission Promotes Szalavari

    Allison Transmission has promoted Otto Szalavari to managing director of global marketing. He will be instrumental in driving growth through ongoing implementation and refinement of the company's marketing strategy. He joined Allison in February as director global marketing information and product strategy, with a focus on international and domestic business activities and commercial sales agreements.

  • Router Ventures Founder Joins High Alpha

    Indianapolis-based High Alpha , a leading venture studio, has added Jeff Slobotski as an entrepreneur in residence. Based in Omaha, Nebraska, he is a nationally recognized investor and entrepreneur who founded Router Ventures in 2014 and co-founded Silicon Prairie News and Big Omaha. Slobotski will continue to serve as managing partner at Router Ventures, a seed stage venture firm whose portfolio includes High Alpha Studio companies Quantifi and Zylo.

  • MIBOR Names Political Affairs Manager

    The MIBOR REALTOR Association has named Tres York political affairs manager. He will serve as the liaison with the MIBOR RPAC Trustees and coordinate the candidate evaluation and endorsement process for all county and municipal offices. York previously served as a legislative assistant for the Indiana House of Representatives. Prior to that he served as a field representative and staff assistant for U.S. Representative Luke Messer.

  • Top Videos

    • Holcomb: Tech Companies Growing in 'Perfect Environment'

      Governor Eric Holcomb says Indiana's pool of mentors in tech create an industry where "the hits just keep on coming." He says entrepreneurs who have turned "coffee table discussions" into million and billion-dollar companies paved the way for businesses like Indianapolis-based Lessonly, which today announced a $2 million expansion involving more than 100 new jobs.

    • Indy Lands 2021 NBA All-Star Game

      Indianapolis will host the NBA All-Star Game in 2021. Hear from NBA Commissioner Adam Silver, Indiana Pacers Owner Herb Simon and Pacers President Kevin Pritchard during a news conference held Tuesday at Bankers Life Fieldhouse.

    • St. Elmo 'Extensions' Coming to The Yard in Fishers

      The first two tenants of The Yard in Fishers will come from a familiar name on the central Indiana dining scene. St. Elmo Co-Proprietor Craig Huse says new 1933 Lounge and Burger Study locations will open at the $40 million food and entertainment district. The bar and high-end burger joint are expected to open in July of 2019. Fishers Mayor Scott Fadness stopped by Studio (i) to discuss the project with Inside INdiana Business Managing Editor Andy Ober.

    • Pacers Debuts NBA 2K League Team

      Pacers Sports & Entertainment has unveiled the name and logo for its esports team participating in the NBA 2K League. Pacers Gaming, which will include a roster of five players, becomes the fourth franchise under the PS&E umbrella, along with the Indiana Pacers, Indiana Fever and Fort Wayne Mad Ants.

    • Record Tourism Numbers

      Indiana tourism continues to break records. A new report shows a record 79 million people visited the Hoosier stateand spent a record $12.2 billion in 2016. And things are not slowing down.

    • AXISCADES Selects Columbus for HQ

      It’s a big win for the city of Columbus as high-tech engineering firm AXISCADES selects the Bartholomew County city for its North American headquarters. A company exec shares why Columbus and Indiana are a good fit.

    More
  • Web Exclusive

    • WEB EXCLUSIVE: 1-on-1 With Bedford Mayor Shawna Girgis

      Bedford has been a recent success story in small community growth. In 2013, the city earned a Stellar Community designation from the state and was named Community of the Year by the Indiana Chamber of Commerce. Inside INdiana Business checks in with Bedford Mayor Shawna Girgis to get an update on the city’s latest economic development projects.

    • WEB EXCLUSIVE: Town of Culver Named 'Stellar Community'

      The town of Culver has been named one of Indiana's Stellar Communities for 2017. Inside INdiana Business talks to Culver Town Manager Jonathan Leist about the distinction.

    More

Stocks

  • Perspectives

    • How Telling Your Customers 'No' Can Improve Loyalty

      Business usually try to convert customers into loyalists by giving them what they want. That statement seems obvious... until it's not. Take Milktooth in Indianapolis, for example. The restaurant has become a star of the food scene by telling customers "no." This flies in the face of what most businesses consider to be standard operating procedure. But for Milktooth, saying no is simply good business.

    More

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  • Most Popular Stories

    • How Telling Your Customers 'No' Can Improve Loyalty

      Business usually try to convert customers into loyalists by giving them what they want. That statement seems obvious... until it's not. Take Milktooth in Indianapolis, for example. The restaurant has become a star of the food scene by telling customers "no." This flies in the face of what most businesses consider to be standard operating procedure. But for Milktooth, saying no is simply good business.

    • Lessonly Announces More Growth

      Indianapolis-based Lessonly Inc. says a $2 million investment will create more than 100 jobs by 2020. The training software company says it will initially build on its current operations, but will look to expand its footprint in the city during the next five years. Last month, Lessonly announced an $8 million round of funding. The growth will more than double the current size of the Lessonly team. The new positions are expected to pay...

    • New Hotel Opens in Vincennes

      An $8.5 million hotel is now open in southwest Indiana. The 79-room Hampton Inn by Hilton Vincennes employs 21 associates. Hotel Development Services and Vincennes Hotel Developers LLC owns the property, which is managed by Indianapolis-based General Hotels Corp. General Manager Virgil Rasche says...

    • Historic Indy Building to Become Hotel

      A nearly 110-year-old building in downtown Indianapolis will soon have new life. Indianapolis-based real estate development firm Loftus Robinson is partnering with Kimpton Hotels & Restaurants in California to transform the former Odd Fellows building into a 130-room hotel with a signature restaurant. Financial terms of the project are not being disclosed, however the developer says the hotel is scheduled to open in early 2020 and create about 150 hotel and restaurant jobs.

    • Carmel, Fishers Businesses Receive Awards

      A Fishers construction company and a Carmel design and architecture firm have been named Business of the Year in their respective categories from OneZone. In addition to the awards presented to Meyer Najem and Mitsch Design, other winners were honored in categories including Young Professional of the Year and Most Valuable Volunteer. OneZone is a chamber of commerce representing Hamilton County businesses. Other 2017 recipients include...