Indianapolis Business Journal

Indianapolis Business Journal IBJ.com and Indianapolis Business Journal are central Indiana's business authority.

Founded in 1980, the Indianapolis Business Journal is central Indiana's most authoritative and trusted source on central Indiana's business community, focusing on sports, technology, health care, life sciences, real estate, politics, finance and education. We're online, on your doorstep, in your Inbox, on your smart phone and tweeting like crazy.

Indianapolis is the third U.S. market for InDrive, which allows riders and drivers to negotiate prices for specific trip...
09/20/2024

Indianapolis is the third U.S. market for InDrive, which allows riders and drivers to negotiate prices for specific trips via InDrive’s mobile app. It hopes to capture 25% to 30% of the local ride-hailing market before opening a physical office.

Within the “Indiana Spotlight” roster are documentaries based on cycling champion Marshall “Major” Taylor and American B...
09/20/2024

Within the “Indiana Spotlight” roster are documentaries based on cycling champion Marshall “Major” Taylor and American Basketball Association players in search of financial justice.

09/19/2024

Engage South Bend - Elkhart is coming up! Join us for an incredible day of networking, innovation, and leadership insights. Don’t miss the chance to connect with business leaders and visionaries from across the region. Secure your spot today at https://www.ibj.com/events/2024/engage-south-bend-elkhart.

📅 Date: Tuesday, October 8, 2024
🕥 Networking: 11:30 AM
🕥 Program: 12:00 PM
📍Location: The Gillespie Conference Center

With a lease scheduled to end in February and rental fees on the rise, owner Mike Schott said he decided to purchase the...
09/19/2024

With a lease scheduled to end in February and rental fees on the rise, owner Mike Schott said he decided to purchase the 13,500-square-foot building near the intersection of 38th Street and College Avenue.

The Toy Pit, founded by Fort Wayne native Mike Schott, sells collectibles and toys dating from the 1970s to the present.

The race team—which fields cars in the IndyCar and IMSA racing leagues—issued a statement Wednesday saying it is “cooper...
09/19/2024

The race team—which fields cars in the IndyCar and IMSA racing leagues—issued a statement Wednesday saying it is “cooperating fully with investigators” but did not elaborate on the type of inquiry underway.

The race team—which fields cars in the IndyCar and IMSA racing leagues—issued a statement Wednesday saying it is "cooperating fully with investigators" but did not elaborate on the type of inquiry underway.

IBJ has confirmed that the FBI on Wednesday was on site at the headquarters of Rahal Letterman Lanigan Racing in Zionsvi...
09/18/2024

IBJ has confirmed that the FBI on Wednesday was on site at the headquarters of Rahal Letterman Lanigan Racing in Zionsville as part of an undisclosed investigation.

Zionsville Mayor John Stehr confirmed to IBJ that the FBI “requested assistance” from Zionsville police for investigative activity, with authorities arriving at the team’s facility at 10771 Creek Way at about 8:30 a.m.

Yesterday we hosted our inaugural Engage East Central Indiana - Muncie event! We are incredibly grateful for the support...
09/18/2024

Yesterday we hosted our inaugural Engage East Central Indiana - Muncie event! We are incredibly grateful for the support of our sponsors and partners, whose contributions made this event possible. A special thank you goes out to our distinguished panelists: Trevor Friedeberg, Mark Hardwick, Geoffrey Mearns, Mayor Ronald Morrell Jr., Lathay Pegues, and Representative Elizabeth Rowray. Your thoughtful insights and expertise sparked dynamic conversations about growth, collaboration, and innovation in the region.

Missed the event?
View event photos here: https://www.ibj.com/photos/2024-engage-east-central-indiana-muncie
View the event video here: https://www.ibj.com/videos/2024-engage-east-central-indiana-muncie

Two Indianapolis stores as well as locations in Speedway and Franklin are expected to serve Smoothie King blends by next...
09/17/2024

Two Indianapolis stores as well as locations in Speedway and Franklin are expected to serve Smoothie King blends by next summer.

Tomorrow is your FINAL opportunity to reserve a seat or corporate table at IBJ's Health Care & Benefits Power Breakfast!...
09/17/2024

Tomorrow is your FINAL opportunity to reserve a seat or corporate table at IBJ's Health Care & Benefits Power Breakfast! https://www.ibj.com/events/2024/health-care-benefits-power-breakfast. The morning begins with a keynote address from Dr. Ryan Nagy, followed by a discussion with industry leaders Jennifer Alvey, Devin Anderson, Rodric Bray and John Gaus. Moderated by IBJ's John Russell, we'll dive into the cost of health care in Indiana and its impact on consumers and businesses. Secure your spot today and join us for a morning of valuable conversations!

Plans call for Ambrose on Main to feature 87 apartments, 6,000 square feet of plaza and courtyard areas, a 2,000-square-...
09/17/2024

Plans call for Ambrose on Main to feature 87 apartments, 6,000 square feet of plaza and courtyard areas, a 2,000-square-foot rooftop patio, 12,000 square feet of commercial space and a restaurant with outdoor seating.

The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartmen...
09/17/2024

The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartment building early next year and open a 14-screen movie theater as early as next month.

Zionsville-based software startup Adverank has reached an $800,000 incentives agreement with the state based on its expa...
09/16/2024

Zionsville-based software startup Adverank has reached an $800,000 incentives agreement with the state based on its expansion plan.

Zionsville-based software startup Adverank has reached an incentives agreement with the state based on its expansion plan.

An Indiana-based art and classroom supply company that had two Indianapolis retail outlets at the beginning of 2024 now ...
09/16/2024

An Indiana-based art and classroom supply company that had two Indianapolis retail outlets at the beginning of 2024 now has zero.

We’re on the lookout for Indiana’s top financial professionals who’ve truly shined in their roles. These outstanding lea...
09/16/2024

We’re on the lookout for Indiana’s top financial professionals who’ve truly shined in their roles. These outstanding leaders could be named to IBJ's elite CFO of the Year list! Submit your nomination now at https://ow.ly/i0LX50TowK9

What makes a stellar nomination? Share specific ways your nominee has elevated your organization, showcasing how they exceed expectations.💡Pro tip- recent examples and letters of recommendation will make your nomination stand out!

Honorees will be profiled in a special publication in the IBJ, featured on IBJ.com and honored at an exclusive event on December 5th!

Check out our previous CFO of the Year features here: https://ow.ly/BR9e50TowK8

The Downtown Westfield Community Development Corp., a not-for-profit formed this year by the city to support local proje...
09/16/2024

The Downtown Westfield Community Development Corp., a not-for-profit formed this year by the city to support local projects, will purchase Wood Wind Golf Club for $3.1 million.

The purchase includes all the buildings the grounds, the clubhouse, party pavilion and site amenities, including two pickleball courts, golf carts, maintenance equipment and furnishings.

Billionaire Chuck Surack’s real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from disp...
09/16/2024

Billionaire Chuck Surack’s real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from disposing of the Indianapolis Downtown Heliport so the property could be used to build a soccer stadium.

Billionaire Chuck Surack's real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from decommissioning the Indianapolis Downtown Heliport so the site can be used to build a soccer stadium.

Now in its 23rd year, the Orr Fellowship program has helped develop an eye-popping number of leaders in Indiana’s tech a...
09/16/2024

Now in its 23rd year, the Orr Fellowship program has helped develop an eye-popping number of leaders in Indiana’s tech and entrepreneurial ecosystems. It now counts 624 alumni who have worked at—and in some cases founded—nearly 300 significant companies and organizations.

09/14/2024

🚀 Hey future Indiana business leaders - we’ve been waiting for YOU! For the first time ever, young professionals & recent grads get a 40% discount on their first year’s subscription!

Whether you’re ready to level up your career or stay ahead of industry trends, this is your chance to invest in your future. Learn more now at IBJMedia.com/youngprofessional.

Join us on October 2nd for Indiana Lawyer's Diversity in Law awards! https://www.theindianalawyer.com/events/2024/divers...
09/13/2024

Join us on October 2nd for Indiana Lawyer's Diversity in Law awards! https://www.theindianalawyer.com/events/2024/diversity-in-law. Celebrate the trailblazers making strides to diversify the Indiana legal profession. This year's event will feature an inspiring keynote speech by Lacy Johnson, Partner at Taft Stettinius & Hollister LLP, and an insightful panel discussion moderated by Jimmie McMillian, Chief Diversity Officer & Senior Corporate Counsel at Penske Entertainment Corp., with leading experts in the field, including:

- Karen Bravo, Dean & Gerald L. Bepko Professor of Law, Indiana University Robert H. McKinney School of Law
- Marcus Cole, Joseph A. Matson Dean & Professor of Law, Notre Dame Law School
- Christiana Ochoa, Dean & Herman B Wells Endowed Professor, Indiana University Maurer School of Law

On Tuesday we hosted our 2024 Tech Exec of the Year Awards! The morning kicked off with an insightful conversation on ar...
09/12/2024

On Tuesday we hosted our 2024 Tech Exec of the Year Awards! The morning kicked off with an insightful conversation on artificial intelligence. We then heard from Todd Taylor, President of Pacers Sports & Entertainment, on how their organization is using artificial intelligence and other technology to better engage with customers. Finally we recognized this year's honorees who excel at using technology to help their employers achieve their strategic goals. A huge shoutout to our sponsors - we couldn't have done it without you!

Missed it?
View the Event Photo Gallery Here: https://www.ibj.com/photos/2024-tech-exec-of-the-year-awards
View the Event Video Here: https://www.ibj.com/videos/2024-tech-exec-of-the-year
Meet this Year's Honorees Here: https://www.ibj.com/tech-exec-of-the-year-2024

Exciting news! Panelists have been announced for IBJ's Health Care & Benefits Power Breakfast on September 25. Check out...
09/11/2024

Exciting news! Panelists have been announced for IBJ's Health Care & Benefits Power Breakfast on September 25. Check out who will be joining us and register today to hear from the experts on the cost of health care in Indiana and what it means for Indiana consumers and businesses. https://www.ibj.com/events/2024/health-care-benefits-power-breakfast.

- Jennifer Alvey, Senior Vice President and Chief Financial Officer, Indiana University Health
- Devin Anderson, Secretary – Treasurer, Hoosiers for Affordable Healthcare; President and Chief Executive Officer, E&A Cos.
- John Gause, Chief Executive Officer, Apex Benefits

An independent wine bar and bistro inside the Conrad Indianapolis will close this month after 15 years of serving custom...
09/11/2024

An independent wine bar and bistro inside the Conrad Indianapolis will close this month after 15 years of serving customers at the northeast corner of Washington and Illinois streets.

Tastings—A Wine Experience announced plans for its “last call” after 15 years in operation.

Four Finger Distillery, which has locations in Westfield and Lebanon, cites a decision by building’s owner for its upcom...
09/11/2024

Four Finger Distillery, which has locations in Westfield and Lebanon, cites a decision by building’s owner for its upcoming Fletcher Place exit.

Four Finger Distillery, which has locations in Westfield and Lebanon, cites a decision by building's owner for its upcoming Fletcher Place exit.

Join IBJ and Moderator John Russell as our expert panel dives into the rising cost of health care in Indiana. Hear what ...
09/11/2024

Join IBJ and Moderator John Russell as our expert panel dives into the rising cost of health care in Indiana. Hear what it means for consumers and businesses across the state, plus gain insights from Dr. Ryan Nagy, President of IU Health Methodist and the Academic Health Center, as he shares key details about the new IU Health campus. Don't miss this essential conversation! RSVP or reserve your corporate table now at https://www.ibj.com/events/2024/health-care-benefits-power-breakfast.

The committee that oversees investment options for state employees has voted to yank public retirement assets from two o...
09/11/2024

The committee that oversees investment options for state employees has voted to yank public retirement assets from two outside investment funds as part of the state’s effort to divest from Chinese entities and funds that prioritize so-called “ESG” practices.

The Indiana Deferred Compensation Committee voted to eliminate public retirement assets from the funds as part of the state's effort to divest from Chinese entities and funds prioritizing environmental, social and governance practices.

The five pillars of Indiana Sports Corp.'s plan include making Indianapolis a world capital for women's sports teams, ev...
09/11/2024

The five pillars of Indiana Sports Corp.'s plan include making Indianapolis a world capital for women's sports teams, events and organizations.

The plan, revealed during the group’s State of Sports event, follows more than two years of internal discussion and engagement with more than 100 community leaders and advocates.

09/10/2024

East Central Indiana - this is big! Ball State University President Geoffrey Mearns invites you to be a part of an important discussion about East Central Indiana's future. Join business, community and political leaders on September 17th for a deep dive into the key challenges and unique opportunities facing the region. RSVP or reserve your corporate table now at https://www.ibj.com/events/2024/engage-east-central-indiana-muncie!

Illumine will open a location at 11 S. Meridian St., taking over a spot previously occupied by a Hubbard & Cravens Coffe...
09/09/2024

Illumine will open a location at 11 S. Meridian St., taking over a spot previously occupied by a Hubbard & Cravens Coffee and Tea shop.

Beginning next year, the Safe Streets and Roads for All funds will be used to study and redesign six road segments in In...
09/09/2024

Beginning next year, the Safe Streets and Roads for All funds will be used to study and redesign six road segments in Indianapolis.

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Founded in 1980, the Indianapolis Business Journal is central Indiana's most thorough and trusted source on central Indiana's business community, focusing on sports, technology, health care, life sciences, real estate, politics, finance and education. We're online, on your doorstep, in your Inbox, on your smart phone and tweeting like crazy.


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