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Training agency slashes government reliance: Not-for-profit turns to private donations for funding

Talk about a turnaround. An Indianapolis not-for-profit that once relied on government money to pay for most of its programs has found a way to do what many others wish they could-diversify its revenue stream as public funding dries up. In less than five years, work-force development agency Training Inc. has ended a decades-long dependence on government grants and contracts. “We had to reinvent ourselves in order to survive,” said former Director Joyce Duvall, who left this month after more…

BULLS & BEARS: Americans’ lack of savings shouldn’t be misconstrued

One trait Americans have perfected is fretting. We are the most anxious of all cultures at a time when our prosperity is at its peak. According to the Federal Reserve Board’s flow of funds accounts, Americans’ household assets and net worth are at alltime highs, home ownership and homeowners’ equity are at all-time highs, and we have more money in the bank and money-market funds than we’ve ever had. Still, we are popping anti-depressants like popcorn. Even after all the…

Auction company packing up Winona: Closed hospital has potential buyer, attorney tells court Getting organized

“That’s to keep the spirits away, make ’em happy,” Brian Hayes explained as he turned past the blaring radio. Auctioneers and the occasional unexplained phenomenon have taken over Winona, as the closed hospital nears an April auction date for its remaining equipment. Hayes, of San Francisco-based Rabin Worldwide Inc., has piled up seven-day workweeks since early February cataloging and organizing the defunct hospital’s assets. All that work may go for naught, however, if the auction proposal dies in bankruptcy court…

Bart plans 3rd run: Peterson has $1.2 million in his mayoral campaign chest

And how. Peterson, a Democrat, has raised $547,836 in the year since he defeated Republican challenger Greg Jordan to earn a second term. Including funds left over from the last election cycle, his total campaign chest currently stands at $1,217,189. For now, Peterson is more than the frontrunner in the 2007 Indianapolis mayor’s race. According to the Marion County clerk’s office, he’s the only candidate yet on file. Many had speculated that Peterson, perhaps the Indiana Democrat Party’s best-known figure…

Indiana Restoration Services Inc.: Disasters send firm into action Restoration helps get homes, businesses back to normal Disasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water pipes can

Disasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water pipes can wreak havoc on homes and businesses. Dealing with the aftermath-waterlogged furnishings, mold, structural damage and other devastation-is what Indiana Restoration Services does 24 hours a day, seven days a week. Co-owners Dan Hanlin and Darren Peck didn’t start out with a detailed business plan to run a disaster-recovery business with $3 million plus in annual revenue. “We got into the business by…

Stadium would help more than Colts:

Like many, I remember the Indianapolis of the early ’70s. There was little reason to come downtown unless you worked there. It offered nothing after 4. It took the vision of city and state leaders to build Market Square Arena. The arena, along with the expansion of a small convention center, brought a faint heartbeat of social life and a couple decent restaurants downtown. A group of private, civic and elected officials followed Market Square Arena with the vision to…

STATEHOUSE DISPATCH: At half-time in the Statehouse, it’s politics 1, people 0

This column is typically devoted to the intersection of politics, government and business (with an occasional tortured sports analogy tossed in). We don’t usually address the higher order of the universe, but after last week, we find that we must delve into the field of metaphysics to provide you with some perspective on legislative events. March 1 marked the halfway point in the 2005 session of the Indiana General Assembly. But with more than 130 bills dying for lack of…

Ex-hospital administrator sues St. Vincent: Doctor says former employer owes him severance pay

Dr. Harry Laws blames money for the reason his tenure as the first leader of St. Vincent Children’s Hospital ended in January 2004 after only a year. Money also is the reason he decided to sue St. Vincent over the dismissal. The longtime pediatrician wants St. Vincent to pay him $230,000 in severance, according to a complaint filed in Marion County court. Laws contends that St. Vincent fabricated reasons for his dismissal and breached its employment contract with him by…

Software firm on the rebound: Move to private status, restructuring help Made2Manage move into profitability

Made2Manage Systems Inc. is beginning to make strides, both in profitability and perception, since completing its metamorphosis from a public to private enterprise 18 months ago. The software maker that staged its initial public offering in 1997 posted a peak loss of $4.7 million four years later amid a soft economy. Its health improved the following year in 2002, when losses totaled $690,000. But by then, Made2Manage executives had concluded an investor-led acquisition would be the best elixir to nurse…

GIZMOS: High-tech watch keeps information at your fingertips

The idea of a portable device to indicate the time of day is nothing new in the world of technology. Watches of various forms have been around for years. However, it’s only been in the last 30 years or so that modern technology has changed the face-literally-of telling time. Since the days of the original Pulsar LED digital watches (think red calculator digits) in the early 1970s, watch manufacturers have tried to appeal to technology’s early adopters by adding functionality…

EYE ON THE PIE: Do Indiana papers make the grade?

I’m always trying to learn more about Indiana. I suspect investors within and outside our state are also interested in what is happening in our many cities and towns. Yet no single newspaper does a good job of covering the news of the state. Nor can one hope to read all 47 daily newspapers published in Indiana. Then, along comes the Internet and the posting by local newspapers of their records of Hoosier activity. Here, at last, is our chance…

SPORTS: Tournament committee ready to pick and defend

He describes the experience as gutwrenching, intense, agonizing and exhausting. But also, some kind of fun. “It’s like going off to basketball junkies camp for a week,” said Jon LeCrone, commissioner of the Indianapolis-based Horizon League. “Camp” convenes this Wednesday, when LeCrone joins nine other members of the NCAA’s Division I men’s basketball committee to select, seed and bracket the 65 invitees to the tournament, aka the Big Dance. To be sure, it’s not Camp Granada, with rustic cabins, bunk…

ECONOMIC ANALYSIS: Think before demonizing free-trade agreements

E c o n o m i s t s approach the issue of free trade with something resembling religious zeal. Outside of a few high-visibility defectors, such as CNN’s Lou Dobbs and columnist Paul Craig Roberts, we’ve found that the pros of liberalized trade between nations heavily outweigh the cons. That’s hardly the case in the general populace. The Indiana Senate’s recent approval of a meaningless but symbolic call on Congress for a moratorium on free-trade agreements with other…

Republic Airways ponders employee concessions: But union complains about ‘disingenuous’ memo

A memo by Republic Airways warns of the need for employee concessions if ailing partner U.S. Airways ceases operations, Teamsters officials said. The union representing 1,000 cockpit crew members and 600 flight attendants at Republic’s Chautauqua Airlines unit has found itself-not the Indianapolis company-on the defensive, however. Union leaders are wrinkled at what they say is a disingenuous memo Republic CEO Bryan Bedford sent to workers about seven weeks ago, alleging that the union has withheld information from pilots and…

TV weather war becoming a race for arms: Local TV news ratings, advertising dollars at stake VIPIR attack

A storm is brewing. But the weather-related tempest has as much to do with television viewer ratings and advertising dollars as it does with tornadoes and hailstorms. With an array of new forecasting technology hitting the market, Indianapolis’ four local TV news operations are arming for a weather war that would make Dorothy and Toto run for the nearest Doppler radar. “The weather is an enormous driver in local TV news ratings,” said Bill Perkins, president of locally based Perkins…

NOTIONS Learning to lead by walking away from the game: Bruce Hetrick

There’s supposed to be an 800-word column in this space. We face important issues, after all, and you look to the author to help mold your opinion, move you to tears or, more likely, make you mad as hell. (Besides, you paid good money for this newspaper and you’re entitled to some valuable fodder for your next water cooler conversation or, at minimum, your recycling bin.) But your favorite columnist, whose job is to make connections between seemingly disparate notions,…

I-Light network delayed by state: Daniels administration calls for further study of high-speed system

The completion of a state effort to expand Indiana’s digital infrastructure by connecting 15 cities via a fiber-optic network has been delayed as the new administration further studies the project. The initiative, known as I-Light, began in 1999 and connected supercomputers at Indiana University, Purdue University and IUPUI. By harnessing the technological power of the institutions into a grid, the universities surpassed the two-teraflop (trillions of operations per second) mark and increased their computation, storage and visualization ability. The $5.9…

As leaders argue, local crime rises: Inner-city residents fear police consolidation, but city says it can’t afford current structure

Despite Mayor Bart Peterson’s addition of 200 cops in 2000-which gave IPD the strength to try community, or preventive, policing-crime jumped 11 percent over the last two years. Between them, the Indianapolis Police Department and the Marion County Sheriff’s Department responded to 5,487 more offenses last year than in 2002. Unless new money is found, Peterson has repeatedly warned, the cash-strapped city soon will be forced to fire IPD officers. Marion County Sheriff Frank Anderson already struggles to fight suburban…

Differing views on smoking ban:

With the smoking ban being considered by the City-County Council, we’ve begun to hear a lot of talk about rights: smokers’ rights, non-smokers’ rights, business owners’ rights, etc. As proponents of the proposed ordinance attempt to garner increased support from the public, we constantly hear that non-smokers should have the right to breathe air free from the health risks contained in secondhand smoke. If that were truly the issue, this debate would long be over, as most smokers agree 100…