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Plastic welding factory bursting at seams

May 19, 2008

Plastic welding factory bursting at seams HANCOCK COUNTY-A Fortville manufacturer that won acclaim for making helmet pads that better protect U.S. troops from roadside mine blasts has had to lease 10,000 square feet of additional space to meet demand for its products. Genesis Manufacturing leased space in two nearby buildings to supplement its 15,000-square-foot facility, […]

MORGAN COUNTY

May 19, 2008

MORGAN COUNTY Church construction booms There’s no building trades recession in Martinsville or Mooresville where the Lord is concerned. Three churches and a Christian camp all are planning big projects. Church at Mount Gilead plans to build a worship center, vestibule and administrative offices at 6019 E. State Road 144 near Kitchen Road in Mooresville. […]

MADISON COUNTY

May 19, 2008

MADISON COUNTY Call center to employ 400 Startup Agape Communications LLC plans to open a call center in Anderson, hiring 75 workers immediately and bringing a total of 400 jobs to downtown within a year. The influx of jobs will make Agape the 12th-largest employer in Madison County. The jobs will pay about $10 an […]

BOONE COUNTY

May 19, 2008

BOONE COUNTY Wal-Mart store back on table Wal-Mart’s more-than-two-year struggle to build a store on North Michigan Road has been revived, after a judge ruled in favor of the retailer and sent its petition back to the Zionsville Plan Commission to decide. Arkansas-based Wal-Mart has refiled development plans for the 198,000-squarefoot store, which the commission […]

JOHNSON COUNTY

May 19, 2008

JOHNSON COUNTY Last indie bookseller closes The closing of Read Already Used Books in Franklin in late April marks the end of an era in Johnson County, which had a half dozen locally owned general-interest book stores a decade ago. Now there are none. National chains such as New York-based Barnes & Noble, which opened […]

SHELBY COUNTY

May 19, 2008

SHELBY COUNTY Growing pains for Morristown The tiny town of Morristown is drawing a lot of interest from expansion-minded businesses. Crane Werks, which repairs overhead cranes, wants the Morristown Town Council to give it tax abatements to buy an abandoned Nabisco building where it would expand its operations. Also, Integrity Metals of Connersville has told […]

Spotlight on Boone County

May 19, 2008

Spotlight on Boone County Named for American frontiersman Daniel Boone 5 LARGEST CITIES/TOWNS population Lebanon …………………………………….15,186 Zionsville ……………………………………12,352 Thorntown ……………………………………1,579 Jamestown ……………………………………..966 Advance ………………………………………….583 5 LARGEST EMPLOYERS employees CNH – Cat Logistics …………………………..737 Witham Health Services …………………….552 Lebanon Community School Corp………..470 Hendrickson Trailers Suspension Systems……………………………………….358 Pearson Education Inc……………………….294 COUNTY MSA Population 52,701 1,682,815 Median age […]

SPORTS: A smorgasbord of sports, both good and bad

May 19, 2008

Of this, that and the other: Indiana University has filed its official response to the NCAA infractions committee regarding the violations allegedly committed by former men’s basketball coach Kelvin Sampson. And Sampson has filed his response to IU’s response. He believes he’s been cast as a liar and a cheat. If only it weren’t true. I’m also troubled by his complaint that the IU compliance staff didn’t monitor the basketball coaches closely enough. How about some self-compliance, Kelvin? Fact is,…

VOICES FROM THE INDUSTRY: One man’s trash is a gold mine for privacy violations

May 19, 2008

National pharmacy chains such as CVS and Walgreens are not the only ones to experience “dumpster-diving” by investigative reporters. These drugstores were merely the first to be featured in media reports about customers’ personal information being disposed of without being destroyed first, a violation of state and federal privacy laws. Diving in Local reporters have since rummaged through the trash of mortgage brokers, title insurance companies, fitness centers, banks, law firms, hospitals and government organizations. While searching through the trash,…

Dwindling unemployment trust nears crisis point: Fund that once held $1.6 billion may face insolvency

May 19, 2008

Indiana’s Unemployment Insurance Trust Fund is running out of money-fast. It opened this decade with $16.6 billion in assets. By the end of last year, it had dwindled to $302 million. And last month, the Indiana Department of Workforce Development said the balance was just $80 million. Though DWD in early May received $300 million in taxes collected from employers, the infusion is only a shortterm fix. By year’s end, the fund is expected to be short on cash again….

FUNNY BUSINESS: Begging for a Super Bowl: The ego and the bid

May 19, 2008

And so another Indianapolis Super Duper Bowl offering is in the hands of the immortals, also known as the NFL owners, delivered there by scrubbed, shining, briefcase-toting eighth graders. Now we know how far some adults will go to avoid rejection. The kids were chosen for this mission to, in the words of the organizers, show that the entire community wants to host the 2012 Championship of the World (Not Including All The Countries Outside The United States.) What a…

EYE ON THE PIE: Hoosier wages not growing much

May 19, 2008

We’ve just come through an Indiana primary in which the competing campaigns kept emphasizing Hoosier jobs. It would have meant more if they had talked about Hoosier wages and salaries. But then, facts are harder to digest than rhetoric. Here are some facts you can chew on. At the start of this century (2000), the average wage (total wages and salaries divided by total number of full- and parttime jobs) in Indiana was $30,401, ranking 27th in the nation. By…

Downtown firm specializes in unusual loans: Equities First Holdings sees growing demand for stock loans as tight credit markets make borrowing tougher

May 19, 2008

With a cadre of six flat-screen monitors blanketing one side of his desk, Equities First Holdings LLC’s Al Christy Jr. keeps a close eye on the performance of several stocks he’s holding as collateral. No, he’s not some sort of loan shark. He’s what’s known as a stock lender. The unusual premise is that market investors in need of prompt funding transfer shares to Christy who, in turn, lends his clients up to 80 percent of the stock’s value, although…

Crime-scene cleanup company eases burden of trauma victims

May 19, 2008

On any given day, employees of Bio-Trauma 911 Inc. could be dealing with everything from the mess left by a decomposing body
to a home that’s been declared a biohazard. What may sound like a scene out of “CSI” is in fact a day at the office for the
seven-person crime-scene cleanup company housed in unassuming offices in a strip center on East 56th Street at Interstate
465.

DeBartolo to buy Metropolis from Dominion Capital

May 19, 2008

Tampa, Fla.-based DeBartolo Development has reached a preliminary agreement to buy Plainfield’s Metropolis mall out of foreclosure
and hopes to hook Macy’s and Bass Pro Shops to anchor a second phase.

Optimedia grows beyond Simon: Media buying company finds local audience for proprietary measurement tools

May 19, 2008

Optimedia came to Indianapolis 10 years ago primarily to handle media buying and placement for Simon Property Group Inc., which is a client of its sister company, ad agency Publicis. Simon is still Optimedia’s largest client, but the shopping mall developer that once represented all the firm’s business now accounts for less than half. The firm’s shifting client mix wasn’t forced by a drop in business from Simon. In fact, just the opposite is true, said Jay Schemanske, who heads…

Symphony Bank results keep hitting sour notes: CEO hopes to succeed by taking bank ‘to the people’

May 19, 2008

Symphony Bank’s palatial branch along East 96th Street-outfitted with a copper roof, towering domed ceiling and heated parking lot-was designed to telegraph wealth and stability. But instead, the $5 million Taj Mahal became the most prominent symbol of the bank’s excesses and one reason the startup has lost money every year since its founding in June 2005. The bank, which has no other branches, has torn through two management teams and piled up annual losses of $2 million or more…

Simon, Morris turn up effort to make Fever profitable

May 19, 2008

The Indiana Fever could spike this year. Ticket sales, sponsorship and the local buzz about the team are on the rise. But
perhaps most important, the Fever have key advocates in the Pacers Sports & Entertainment front office that the team simply
hasn’t had before.

Tax appeals to open flood of business: Lawyers, consultants getting ready

May 19, 2008

Tax attorney Sandy Bickle looked forward this summer to taking her first two-week vacation since 1976. But the latest property reassessment and the tax bills to follow are expected to generate a slew of appeals, prompting Bickle to rethink her plans. “I’ll probably take one, but it won’t be two weeks,” lamented Bickle, who serves in an of-counsel capacity at Ice Miller LLP. “I expect to be very busy.” She’s not alone. Tax lawyers, consultants and appraisers all likely will…

Clarian blazes trail with transplants, but some question its zeal

May 19, 2008

Clarian Health this decade has transformed its transplant program into one of the busiest in the country. Its team of surgeons
takes calls around the clock if a viable organ becomes available. They will hop on a charter plane to check out an organ other
doctors don’t want.

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