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BRIAN WILLIAMS Commentary:

On June 1, Gov. Mitch Daniels and officials from the Indiana Public Employees Retirement Fund announced the Indiana Investment Fund, a $100 million investment vehicle. The fund will invest in early-stage startups and loans to mature firms. It will invest in Indiana-What’s wrong with local investment pros? based agriculture, manufacturing, information technology, transportation and life sciences companies. Credit Suisse was selected to manage this new fund. As a global investment bank, Credit Suisse certainly has skilled bankers who can evaluate…

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Indiana Rail Road on track for customer growth: Acquisition of Canadian Pacific line brings more jobs

What little some people see of active railroads these days is when they catch a glimpse of Indiana Rail Road Co.’s Ferrari-red engines pulling hopper cars from downstate coal mines up to Indianapolis Power & Light’s Harding Street generating station, south of town. “People feel like railroads are a dying industry,” said Thomas Hoback, founder and CEO of Indiana Rail Road, the 20-yearold freight concern based in Indianapolis. Looks can be as deceiving as the speed of a locomotive approaching…

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Work still elusive for people with disabilities: Employment rates remain stagnant even though a wealth of programs are finding success placing workers

The lesson Amy Kurzekwa taught the folks at the downtown Gregory & Appel Insurance agency reaches far beyond what they learned about premiums and deductibles. Since 1992, she has taken the bus to her job there as a clerical assistant, performing such tasks as sorting and delivering the office mail and filling the copy machines. While most anyone can do that, Kurzekwa, 37, is irreplaceable to her co-workers. Her role in opening their eyes to the fact that people with…

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Carmel firm grows up in emerging market: BlueBean acquisition makes it one-stop RFID shop

A small Indiana firm is looking to become a big player in the emerging radio-frequency-identification market. Carmel-based BlueBean LLC is one of a small but growing number of firms nationally that provide consulting services to companies trying to set up systems using radio frequency identification-commonly called RFID-tags and readers. BlueBean in April acquired Mishawakabased www.rfidsupplychain.com, which sells RFID hardware and software online. The acquisition also provided BlueBean rights to a bevy of other domain names, including www.rfidhealthcare.com, www.rfidpharma.comand www.rfidfood.com. The…

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EYE ON THE PIE: Tale of 2 bridges has deeper meaning

Two bridges at opposite ends of the state are of concern to neighboring citizens and all Hoosiers. Both are historic steel-truss bridges. One spans the Wabash River connecting New Harmony (Posey County) with White County, Ill. The second spans the Gibson rail yard in Hammond (Lake County) and carries the traffic of busy Indianapolis Boulevard. Both bridges are in poor condition. The Indiana Department of Transportation has recommendations for both bridges. Local officials are opposed to the INDOT plans. Whose…

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Car event ‘astonishing’: In 4th year, local show already one of nation’s largest

Economic development leaders and corporate executives thought Roger Brummett was spinning his wheels when he launched a classic car show in Indianapolis four years ago. But Brummett and partner Tim Durham find themselves at the wheel of such a fastgrowing enterprise that they hope to expand it into a multiday event, with an auction and classic-car race, that they believe would draw 100,000 attendees. The pair also plans to replicate the show in other markets, starting in Naples, Fla., in…

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NOTIONS: A tale of two kings and one fortunate kingdom

For the fifth year, some colleagues and I have penned comedy for a cause. The Indiana Repertory Theatre, which usually chooses its playwrights more carefully, erred again by soliciting our scriptwriting “talent” for its faux-radioshow fund-raiser. So on June 3, a cast of Indianapolis celebrities-from the media, not-for-profits, government and business-donned makeshift 17th-century garb, mounted the Indiana Roof Ballroom stage, and hammed up “Shakespeared: A Midsummer Night’s Scheme.” Our tall tale featured two kings-Mitchard and Bartholomie-trying to outdo each other…

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Companies confront truck driver shortage: Demand is high despite better pay, more time off

Amid the steady rumble of diesel engines, Ricky Smith parks his 18-wheeler among a raft of big rigs at the TA Travel Center in Boone County to relax and grab a bite to eat. It’s after 6 p.m., and the Tennessee resident is delivering grocery products on his weekly route that extends from Michigan to Georgia. Drawn by the opportunity to make more money, Smith ditched his job three years ago as a diesel mechanic to drive a truck. “I…

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eImagine Technology Group: Technology firm aims to deliver service with its software Owner: Hiring good employees key to small company’s success

Communication-and simplicity-can be a challenge when it comes to tech talk. “It’s like the old adage, if you ask a tech guy what time it is, he’ll tell you how to build a watch,” said Joel Russell, president of Indianapolis-based software developer eImagine Technology Group. But Russell works around potential “lingo” problems when he’s meeting with customers. No matter the industry, he looks for ways to automate inefficient processes using computer software. His goal is to save his clients time…

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IUPUI again running in the fast lane: Track facility emerges nationally after long absence

For its first 15 years after opening in 1982, the Michael A. Carroll Track & Field Stadium on the IUPUI campus hosted a major national or international trackand-field event almost annually. For the last decade, it’s been primarily relegated to charity events and local grade-school championships. But with the first high-profile competition at the track since 1997 scheduled for this month, the venue is poised for rebirth. From June 21-25, it will host the U.S. National Championships-an event organizers hope…

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Distributor hits 2nd century in growth mode: Indiana Oxygen uses Ohio outlet, Internet to expand

The Indiana Oxygen Co. building is highly visible to motorists traveling Interstate 465 on the northwest side, but the company’s forte isn’t as widely known. Founded in 1915, Indiana Oxygen is the oldest gas and welding supplier in the United States. But to the surprise of many, the medical relationship the name implies hardly exists. Despite the confusion, the company’s flame burns bright, as annual revenue this year will top $30 million. Part of Indiana Oxygen’s recent growth stems from…

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Geographic restrictions could backfire for PERF: $105 million fund carries lots of potential, risks

By restricting the new $105 million Indiana Investment Fund I to deals within state lines, Gov. Mitch Daniels hopes to simultaneously spur economic development and earn a spectacular return for Indiana’s retired public employees. But venture-capital experts warn it’s nearly impossible to have it both ways. “You need to be very, very clear what your objectives are when you invest [pension] money. Is it for economic development or to help the pensioners earn better pensions?” said John Taylor, vice president…

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Firm finds direct approach pays off: Marketing Informatics, part of hot industry, sees revenue rise by $28 million in 3 years

Bob Massie came to Indianapolis in 1985 to preach the Word of God. Twenty-one years later, he’s spreading the messages of Indiana businesses, not from a pulpit, but through direct-mail advertising. Massie is shepherding a fastgrowing flock of clients. His company’s revenue has grown from $1.86 million in 2003 to a projected $30 million this year. The growth of Massie’s firm, Marketing Informatics, reflects the growth of the industry. Directmail advertising is growing more than 15 percent annually, according to…

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“No habla ingles”: Immigrants who want to advance find many programs to help them learn English

No habla inglesImmigrants who want to advance find many programs to help them learn English Osvaldo Escobedo was hungry to learn English. It was bad enough when he couldn’t advance at the Nissan Motor Co. plant in Aguascalientes, in central Mexico, because he couldn’t converse in the business language of English. Later, when he came to the United States, he couldn’t eat much more than what he could pronounce. “When I go to restaurant, I ask [for] ‘coffee and doughnuts….

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Hazmat conference to stress preparation: Topics include corporate readiness, Katrina lessons

Organizers of the Indiana Hazardous Materials & Environmental Safety Conference are hoping Hurricane Katrina’s demonstration of mass destruction will be a wake-up call for businesses and communities ill prepared for disaster. Corporate participation in the 18-year-old conference has waned a bit in recent years as hazardous and safety planning became more standardized. Some companies have become too detached after outsourcing their emergency preparation to consultants, said Stephen Nash, chairman of the Indiana Forum for Environmental Safety, which sponsors the June…

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DANIELS’ DEAL CLOSERS: IEDC generating jobs, but economy shares part of credit

It would have been big. Just last month, a team of officials from the Indiana Economic Development Corp. and The Indy Partnership, its local equivalent, were furiously negotiating with South Carolinabased fire-engine maker American LaFrance. Intrigued by a mix of economic incentives and Indiana’s central location, American LaFrance considered moving its operations to Marion County. In formal negotiations, the company dangled promises of 653 jobs and a capital investment of $18.5 million. State records don’t reveal what incentives Indiana offered…

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VIEWPOINT: To be a logistics leader, state needs a plan

Indiana is poised to become the country’s logistics center. Recently, there has been a lot of discussion on that topic. Now is the time for business, government and education to come together and make it happen. SupplyNet 2006-the recent statewide conference that brought together not only transportation, distribution and logistics industries, but also representatives from manufacturing, retail, information technology, government and academia-detailed the broader picture of supplychain management. As a cutting-edge business strategy, supply-chain management integrates internal and external logistics…

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ECONOMIC ANALYSIS: Wanted: a broader view on public-policy issues

There’s nothing wrong with self-interest in politics. We elect representatives to look out for our interests, after all. So when legislation and policies affect things that matter to us-especially if it’s a matter of financial interest-many of us squawk, scream or otherwise throw a fit. And we hope to get noticed. But in policy debates in Indiana in recent years, we’ve been getting lazy. It’s easy enough to defend your interests, of course, but it’s much harder to convince those…

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Artery severed, but life goes on TOM HARTON Commentary:

Jane Jacobs, the noted urbanist, fought a battle in the late 1960s that prevented a freeway from wiping out the neighborhoods of lower Manhattan. Tom Battista, a local entrepreneur, is fighting-and some would say winning-the battle that becomes necessary when a freeway does wipe out a neighborhood. When Jacobs died last month she was famous for two things: her book, “The Death and Life of Great American Cities,” written in 1961, which eloquently stated the need for diversity, density and…

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EYE ON THE PIE: Beware cost increases you can’t see

There I was at the grocery store engaged in economic research. I found a plasticwrapped pack of 24 half-liter bottles of “spring water” from a famous soft drink company was $4.99, or $1.57 per gallon. The store brand for “spring water,” packaged in the same fashion, was $3.88, or $1.22 per gallon. A 24-pack of regular or diet 12-ounce soft drinks from the same famous company was selling for $6.49, or $2.97 per gallon. That’s just about the price of…

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