INSIDE INDIANA BUSINESS: Indiana maintains top credit rating

2013-12-05T12:18:00Z 2013-12-05T14:59:05Z INSIDE INDIANA BUSINESS: Indiana maintains top credit ratingGerry Dick Inside Indiana Business nwitimes.com
December 05, 2013 12:18 pm  • 

Indiana has maintained its AAA ratings with the top three credit rating agencies. The state has held the top ratings with Moody's Investors Service, Standard & Poor's and Fitch since April 2010.

Pro Hoops on Wigwam Radar

A former Muncie Central High School basketball coach is pushing a new plan for an iconic sports venue. Terry Thimlar wants to rehabilitate the Wigwam in Anderson in preparation for a potential National Basketball Association Developmental League team and other opportunities. Community leaders say there isn't much time to capitalize on the opportunity as Anderson Community Schools considers the future of the gymnasium. The city has formed a committee that will examine ways to raise capital and make the venue economically viable. Anderson Deputy Economic Development Director Michael Frischkorn says the Wigwam is a "point of pride" for the city.

Indiana City Near Top of 'Best-Performing' List

Several Hoosier communities are marking gains in an annual index of the country's "Best-Performing Cities." The rankings from California-based think tank the Milken Institute consider metrics including job creation and technology. An Indiana community ranks second in the small city category.

Hoosier Schools Score Millions From Lilly Endowment

Indianapolis-based Lilly Endowment Inc. is awarding nearly $63 million to more than three dozen colleges and universities throughout the state. The funding will support initiatives designed to improve in-state job prospects for Hoosiers with bachelor's degrees.

Green BEAN Delivery Growing in Louisville

Indianapolis-based Green BEAN Delivery has purchased assets from a Louisville distribution company. The deal involves supplier and customer lists from Grasshoppers Distribution LLC, which is ending its operations.

Old City Hall to Receive Facelift

Renovations to the old city hall in Indianapolis are set to get underway Friday morning. The century-old building has been vacant for more than five years. It will be the temporary location of a Department of Metropolitan Development urban planning hub during construction.

Potential Lilly Treatment Misses Targets

Indianapolis-based Eli Lilly and Co. says a potential depression treatment did not meet primary objectives in three studies. The company expects the decision to halt development of edivoxetine to result in a $15 million charge in the fourth quarter.

RACER Trust Officials Meet in Anderson

The group spearheading national efforts to market vacant GM sites is continuing conversations with Anderson development officials. Our partners at The Herald Bulletin report RACER Trust report representatives met yesterday with Mayor Kevin Smith and area stakeholders to discuss potential recommendations for three properties in the city.

Kroger Store Undergoes $2 Million Renovation

Ohio-based The Kroger Co. has re-opened an Indianapolis store after a $2 million makeover. The project included upgrades to the pharmacy and produce departments as well as improved security.

Herron Art School Lands Major Gift

The Herron School of Art and Design in Indianapolis says a $2 million donation will position graduates to obtain nationally-recognized credentials. The gift from Cindy Simon Skjodt will endow a chair at the school on IUPUI's campus.

Grant to Support 'Farm to School' Program

The Indiana State Department of Health has landed a federal grant to improve the connection between Hoosier agricultural producers and schools. The $100,000 from the U.S. Department of Agriculture will support efforts including Indiana Farm to School Network planning and assessment initiatives.

Cook Announces Executive VP

Bloomington-based Cook Medical has named Rob Lyles executive vice president. He recently served as vice president of the company's Peripheral Intervention division. Mark Breedlove will be promoted to fill Lyles' former role.

Displaced Workers Eligible For Aid

The state has announced John Wiley & Sons Inc. employees affected by cutbacks at an Indianapolis operation are eligible for federal assistance. Displaced workers can apply for benefits including skills training and relocation allowances.

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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