Articles

Creativity pays off for firms: Business owners delay projects, seek alternate funding sources

Large Wall Street firms with a taste for bad debt aren’t the only institutions weathering a financial storm these days. In a classic case of trickle-down bad news, small businesses are suffering as well. But instead of facing a maelstrom, firms seeking expansion funds and entrepreneurs looking for startup cash are enduring a drought. Access to capital has dried up as spooked banks relentlessly tighten their loan requirements. That translates into greater scrutiny of business plans, bigger demands for collateral…

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Hands-on strategy turns Mike’s Carwash into industry model

Mike’s Express Carwash makes money the old-fashioned way. The second-generation family affair, now celebrating its 60th
year, has invested its reserves in steady expansion, becoming a model for the $23.4 billion industry in
the process. And its owners still sweat the small stuff.

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Arts fund-raising model not embraced locally

These days, many Indianapolis arts organizations barely know where their next dollar will come from. But an innovative
fund-raising model that’s found success in other cities might provide that sorely needed cash. In Cincinnati,
a venerable not-for-profit called the United Arts Fund, founded in 1927, stages an annual workplace campaign,
then doles out the bountiful proceeds to local arts organizations.

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NCAA mum on date to reopen fire-damaged Hall of Champions

Almost a full year after a fire in a single exhibit closed the NCAA Hall of Champions, the wait for the college sports
museum’s reopening is becoming as prolonged and agonizing as sitting through a college football game during
a freezing November rain. The NCAA is apparently in no hurry to relieve the suspense.

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Hungry for growth, bagel maker tiptoes into healthy food segment

Since its founding 17 years ago, Indianapolis-based Harlan Bakeries LLC has built its reputation, and its fortune, on making
bagels. Untold millions of bagels. Considering the number of conventional treats Harlan turns out, it might be easy to overlook
its newest project: producing a non-medical “diet cookie” for Boca Raton, Fla.-based Smart For Life Weight Management Centers.

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St. Francis thinking green in $42 million renovation: Mooresville hospital features ‘healing’ rooftop gardens

Guests attending the April 19 open house at the newly remodeled St. Francis Hospital-Mooresville will get a sneak peak at the facility’s $42 million makeover. The project increases the size of the campus from 258,000 square feet to almost 400,000 and adds everything from a new, eight-bed intensive care unit to two additional adult inpatient nursing units. But perhaps the most innovative touch-at least from an aesthetic point of view-can be found on the roof. Like a handful of other…

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Against odds, AlGalCo pursues ‘Holy Grail’ of power cells

A small West Lafayette technology startup has quietly unveiled a product that might, just might, change the world. At the
TechAdvantage Conference and Expo in Anaheim, Calif., on Feb. 20, Kurt Koehler, CEO, co-founder (and, for the moment, sole
employee) of AlGalCo LLC, showed off a pre-production hydrogen-powered emergency generator.

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To weather downturn, housing industry rolls out incentives

For most of this decade, the Indianapolis residential real estate market enjoyed a very good run. But now it’s muddling through
the doldrums just like the rest of the country, and builders are pulling out all the stops to avoid getting stuck with inventory.

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Heart or head?: Intellect, emotions play role in most biz-location decisions

Ithe process of f n theory, retail, office or industrial location as should putting be as rational and unemotional reality, emotions together a spreadsheet. But in as hard data. can carry just as much weight “People use very sophisticated uildings processes , but in and evaluations to compare b ,” s as much of an art as a science the end, it’ . Smith, CEO eteran Samuel F said industry v Commercial of Indianapolis-based Resource aspect of it Real Estate…

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Counselor ventures out beyond her day job: Business helps student clients find their career path

One could say Barb Skinner works day and night helping confused teen-agers find the right career paths. During business hours, she’s a guidance counselor at Mount Vernon High School in Fortville. But evenings and weekends, she manages her own private career and college guidance firm, Career Planning Resources. CPR, which uses both personality profiling and one-on-one interviews to help high-schoolers pick career paths that mesh with their interests and strengths, came about mostly through Skinner’s own inability to blaze such…

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Fringe Festival seeking next level in 3rd year: Growing downtown theater festival hopes to draw cash as well as bigger crowds

Pauline Moffat, executive director of the Indianapolis Theatre Fringe Festival, expects a big turnout for this year’s two-week salute to alternative stage productions. The event takes over the Massachusetts Avenue Arts District Aug. 24 to Sept. 2, offering 228 individual performances staged by 40 theatrical troupes and presented at five different venues, including Theatre on the Square, The Phoenix Theatre and American Cabaret Theatre. Moffat hopes this season will bring a third year of attendance growth and take the event…

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