SEPTEMBER 13-19, 2010
This week, read about how Indiana’s business-creation rate has been affected by a wealth of resources intended to boost entrepreneurship and get a glimpse into a day in the life of Sun King’s head brewer—complete with video. In Focus, see what’s in store for one of the city’s most notorious industrial graveyards. And in A&E, find out what we think of new eatery Mesh on Mass Avenue.
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Williams Realty founder pleads the Fifth in Ponzi case
A former Indianapolis developer accused of luring more than a dozen Hoosiers into a $900 million Ponzi scheme invoked the Fifth Amendment more than 850 times when questioned under oath in Florida.
Read MoreClarian expanding neurosurgery unit, aiming for national draw
Methodist Hospital is spending $27 million to renovate its neurosurgery suites as the centerpiece of a big expansion its owner, Clarian Health, hopes will create nearly 1,200 jobs over the next decade and vault Methodist into the top 10 neurosurgery sites in the nation.
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State entrepreneurship drags despite wealth of resources
What does Indiana have to show for the deluge of resources made available to would-be entrepreneurs in recent years—venture capital, angel investors, incubators and the like? Judging by the number of people taking the plunge into business ownership, not as much as might be expected.
Read MoreScience, creativity key ingredients for Sun King brewer
Since its first tapping about 13 months ago, Indianapolis- based Sun King Brewing Co. has generated a noticeable buzz—pun intended—in the craft beer community.
On-site health care clinics moving beyond traditional settings
Health clinics based in employers’ offices are showing signs of breaking out of their niche among blue collar and government employers—factories, warehouses and school corporations—and could pop up in Class A office buildings filled with white collar workers.
Read MoreAs Sardar Biglari stirs controversy, Steak n Shake hums along
Sardar Biglari has a penchant for self-promotion. But he's also making a good case for his management skills.
Read MoreEmmis’ Smulyan wants FM radio tuners in cell phones
Congress is expected this fall to debate the idea of mandating the inclusion of tuners, a move that could boost the struggling radio industry.
Read MoreMachine-tool maker Hurco hopes trade show sparks sales
The Indianapolis-based maker of computerized metal-cutting tools piled up record profits in fiscal years 2005 through 2008, but now is trying to leave behind a second year of losses.
Read MoreE-mail marketer ExactTarget taking more downtown space
The company has inked a deal to take the entire seventh floor of the Century Building at 36 S. Pennsylvania St., and may take additional space on two other floors.
Read MoreControl of House key issue as election season revs up
One hundred Indiana House seats are on the ballot—though many fewer are competitive—but their outcomes may affect the state well beyond the two-year terms that the candidates seek.
Read MoreFocusBack to Top
New outlook for a decrepit city neighborhood
Just a few minutes northeast of vibrant Monument Circle lurks the most notorious graveyard of Indianapolis’ industrial heyday—at least 70 of the city’s 500 brownfields. Now planners and developers aspire to revitalize the most contaminated neighborhood in Indianapolis into a success story.
Read MoreIndianapolis’ ‘walkability’ touted to convention planners
Compact downtown is big selling point for sustainable-minded planners.
Read MoreOpinionBack to Top
EDITORIAL: Revive 21st Century Fund, boost entrepreneurship
One damper on Indiana’s entrepreneurial growth has been the shrinking of the 21st Century Research and Technology Fund, which has lost half its support because of state budget woes. As soon as state revenue permits, the state should bring this key program back to its funding level of $37 million a year, or boost it even higher.
Read MoreMORRIS: Another app, and some perspective
As Indianapolis Business Journal launches its mobile phone application, I’m struck by how swiftly communication channels are changing.
Read MoreMARCUS: Gutless government avoids political risk
When a government entity does not want to assume the political risk of managing its resources, it finds a private firm that, for a price, will do the job.
Read MoreSLAUGHTER: Don’t fall victim to ‘imposter syndrome’
We might think entrepreneurs, managers and highly paid professionals would be awash in self-confidence. Yet in a 1978 paper, Pauline Rose Clance and Suzanne Imes of Georgia State University wrote that, “Despite outstanding academic and professional accomplishments [many] persist in believing that they are really not bright and have fooled anyone who thinks otherwise.”
Read MoreALTOM: Praise the unsung device … the ubiquitous paper clip
To me, the most versatile piece of equipment in an office isn’t the computer. It’s the paper clip.
Read MoreHAUKE: Examining the virtues of a successful investor
I went back to ancient Greece and Rome and found long-running philosophical discussions about The Virtues.
Read MoreHICKS: Income tax debate looms over next election
The expiration of the Bush tax cuts this January will further slow the economy, perhaps deeply.
Read MoreCity takes safety seriously
One of my first priorities as mayor was returning the police department to the mayor’s office. I did this because I believe protecting our neighborhoods, our businesses and our families to be the highest responsibility I bear as mayor.
Read MoreIn BriefBack to Top
Barron’s: Brighter days ahead for WellPoint
It’s been a tough year for major health insurers, but Barron’s magazine predicts a big comeback for Indianapolis-based WellPoint Inc. and its rival UnitedHealth Group.
Read MoreIndianapolis Museum of Art to present at international competition
A team of Puerto Rican artists sponsored by IMA will represent the United States in an exhibition in Venice.
Read MoreClarian moves to scoop up Morgan
It looks like Clarian may be back to deal-making. The Indianapolis-based hospital system has signed a letter of intent to absorb Morgan Hospital and Medical Center.
Read MoreFishers shopping center lands new tenants
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
Read MoreSimon, former executive settle fraud suit
Mark Palombaro, a former senior vice president of development, will pay the company $766,000, settling a lawsuit that accused him of getting kickbacks on construction contracts.
Read MoreIndy Racing League signs deal with Verizon
Financial terms of the deal were not released, but industry sources said the multiyear deal is valued at $1 million annually for the open-wheel race series.
Read MoreNFP of Note: Agape Therapeutic Riding Resources Inc.
Agapé Therapeutic Riding Resources Inc. is committed to providing a comprehensive, experiential equestrian program for those who have disabling conditions or are at risk.
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