The IBJ Podcast with Mason King
A weekly take on business news in central Indiana from the Indianapolis Business Journal. The IBJ Podcast is brought to you by Taft.
Episodes
June 29, 2025 • 50 mins
Coming after the baby boomers, Generation X is often referred to as “the forgotten generation,” the self-reliant generation and perhaps the last free-range generation. Today, you certainly could argue that it's becoming the financial-panic generation.
The first Gen Xers hit the workforce right around the time pensions gave way to 401(k) accounts with self-directed invested assets. Recent studies indicate that Gen Xers who have re...
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June 22, 2025 • 40 mins
Nearly one year ago—July 1, 2024—the urban university in downtown Indianapolis known as IUPUI—or Indiana University-Purdue University at Indianapolis—officially split into two separate campuses. This created Indiana University Indianapolis, a standalone campus in the IU system, and Purdue University in Indianapolis, which is considered an extension of Purdue’s main campus in West Lafayette.
IU Indianapolis took the vast majority o...
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June 15, 2025 • 47 mins
Indianapolis-based housing developer Onyx + East recently scored a three-peat on IBJ’s annual list of fast-growing companies—all of which were on the watch of CEO Kelli Lawrence. She took the top job in 2019, when its annual revenue was about $19 million. By 2024, its annual revenue had climbed to $90 million—a nearly 375% increase over five years.
Founded in 2015 as an offshoot of Indianapolis-based apartment developer Milhaus...
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Doug Boles already had his dream job as president of Indianapolis Motor Speedway since 2013. Then Roger Penske, owner of both IMS and the IndyCar Series, asked him to be president of IndyCar following the departure of Jay Frye in February. The pitch: Boles would retain his first job while also taking on the second. “It wasn’t something that I expected,” Boles says in this week’s edition of the IBJ Podcast. “When Roger Penske calls ...
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June 1, 2025 • 42 mins
With an estimated value of $4.8 billion, the Indianapolis Colts franchise is arguably the best-known family-owned business in Indiana. While we reflect on the passing of team owner Jim Irsay, who had significant influence on building the physical plant and identity of modern Indianapolis, we have the luxury of knowing that three more Irsays are in a position to continue that work and stewardship of the team. Daughters Carlie Irsay-...
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May 22, 2025 • 47 mins
The week between qualifying for the Indianapolis 500 and the actual race is usually pretty quiet from a news perspective. But there’s nothing usual about the last week in this year’s Month of May. Major penalties assessed to two cars owned by Team Penske—including the car driven by two-time defending champion Josef Newgarden—inflamed long-running concerns about Roger Penske’s ownership of both the IndyCar Series and arguably its mo...
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May 18, 2025 • 21 mins
You may have become so used to them that you no longer notice, but snaking through downtown Indianapolis’ northwest quadrant are the remains of a revolutionary public transit system that transported riders on elevated tracks 30-feet high. It was called the People Mover, developed for $44 million by Clarian Health Partners, the hospital system now known as Indiana University Health. From its launch in 2003 to 2019, it recorded rough...
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These are uncertain times for the U.S. economy. We’re in a grace period for many of the Trump administration’s promised tariffs on dozens of trading partners. U.S. consumer confidence plunged again in April, hitting its lowest level since October 2011. First-quarter gross domestic product for the U.S. hit negative territory for the first time since the first quarter of 2022. On May 7, the Federal Reserve again opted to hold intere...
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May 4, 2025 • 69 mins
In the early hours of Friday, April 25, Indiana legislators passed a $46.2 billion budget for state expenses over the next two years—specifically, from July 1, 2025, to June 30, 2027. Legislators knew going in that state revenue to fund the budget would be tight, and they got a nasty revenue forecast with about a week to go in the session. The last week of a budget-writing session is usually pretty hectic, and this one had plenty o...
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April 22, 2025 • 42 mins
Any day now, a federal judge is expected to give final approval to a $2.8 billion settlement of three antitrust lawsuits that could dramatically alter the landscape of college sports. And given the tumult since the creation of the transfer portal and name, image and likeness opportunities for athletes, that’s saying something. In addition to awarding damages to athletes over the last decade who lost out on NIL opportunities, the se...
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April 20, 2025 • 45 mins
Comparing company employees to a sports team is a well-worn management trope, but Kelley Gay knows as well as anyone the value of translating the experience of a championship-level athlete to the corporate world. She graduated from one of the most lauded team cultures in the history of college athletics: the University of Connecticut’s women’s basketball program. In 1995, Gay played forward on UConn’s first women’s national champio...
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April 13, 2025 • 21 mins
This week’s IBJ Podcast features a conversation from our Forty Under 40 awards breakfast last week with Maureen Weber, the winner of this year’s Alumni Award.
Maureen was originally a Forty Under 40 honoree in 2010. Back then, she had just finished reorganizing the Indiana Department of Education and had taken a job as director of community outreach and engagement at Clarian Health, now Indiana University Health.
Sixteen years l...
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April 6, 2025 • 34 mins
In this era of online entertainment, you could switch to a steaming service this very second and watch one of many classic movies filmed in Indiana. You would be hard-pressed to find many movies and TV shows that recently were filmed in Indiana—even those where the stories are set in Indiana. Other states, including several of our immediate neighbors, have been much more aggressive than Indiana in offering financial incentive to fi...
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March 30, 2025 • 41 mins
Neelay Bhatt was born in Mumbai, India, and didn’t move to Indiana until 2006, after he finished a graduate degree in sports administration. But he found a home here because he speaks the language of sports and developed a strong network of local sports executives. In 2023, he founded a consultancy in Carmel that focuses in part on master planning, strategic planning and business planning, which it has been engaged to do for a mass...
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March 23, 2025 • 42 mins
If you’re of a certain age—or you anticipate being of a certain age—and you’ve been keeping up with the news lately, there’s a lot out there that can trigger your anxiety. Today we’re going to talk about Social Security. As you likely know, Social Security provides a modest amount of money every month to retirees from a fund that collects payroll taxes on those who are still working. Here’s the first problem: The ratio of people wh...
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Joey Graziano was an executive vice president for the NBA with global responsibilities when he began working with Pacers Sports & Entertainment on the 2024 NBA All-Star Weekend in Indianapolis. The way he tells it, Graziano soon became convinced that the Indiana Pacers, Indiana Fever and the city of Indianapolis on the whole presented enormous potential for growth. Six months ago, he left the NBA and became the executive vice presi...
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March 8, 2025 • 50 mins
Scott Lingle grew up in Indianapolis with parents who were always looking for ways to bring in extra money and eliminate debt. Their entrepreneurial pursuits included flipping more than a dozen houses and rehabilitating a host of other products for resale. Scott Lingle knew early on that he wanted to be in sales. After a distinguished career in the insurance industry, he took a big entrepreneurial leap. In 2015, he co-founded Remod...
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March 2, 2025 • 47 mins
Based in Indianapolis, the Schahet family has been managing and developing hotels since the 1960s. The family firm Schahet Hotels currently has nine properties in its portfolio, mostly in central Indiana, with a 10th hotel under construction in Muncie and an 11th in the final planning stages. There’s still room in the lodging industry for mom-and-pop hoteliers—although in this case it was father and son—who can amass significant ho...
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February 23, 2025 • 49 mins
Indiana has been a national leader in historic preservation for decades. Hoosiers have a strong record for studying, cataloguing and saving homes, churches, farms, factories, covered bridges, monuments, courthouses, hotels, libraries and even entire commercial districts and neighborhoods deemed to have historic value. Since being founded in 1960, the nonprofit group Indiana Landmarks has promoted and supported historic preservation...
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February 16, 2025 • 32 mins
Podcast listeners might remember about three months ago when regular guest Pete the Planner predicted that President Donald Trump’s plans for tariffs could have a pronounced effect on some elements of Indiana’s economy. Trump wasted little time once his second term began last month, imposing or thratening to impose a barrage of tariffs on many of America’s trading partners—and in particular Canada, Mexico and China, who are among I...
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