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$34M from NFL lightens Colts’ load: Money will count toward team’s portion of stadium cost

A $34 million loan of sorts to the Indianapolis Colts from the National Football League brings the franchise and local officials another step closer to signing a new stadium lease and drastically reduces what the team will spend out of pocket for the stadium’s construction. The National Football League approved a $34 million loan June 14 that will be applied to the Colts’ $100 million share of the $625 million downtown facility, which is scheduled to open in time for…

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EYE ON THE PIE: Nation forgets how it achieved prosperity

“How do you do it?” The question came from Mumbles Marcus, my talk-showhost cousin. “Every week, another fresh, insightful column addressing one of our nation’s leading issues.” Since we were onair, I kept my reply polite: “Actually, Mumbles, I write the same column almost every week. I change the clothing, but the body remains the same. I am obsessed with the many choices we must make to satisfy private interests today and meet the needs of ourselves and others in…

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VIEWPOINT: Hoosiers gave tech transfer a big boost

Today, we take for granted that our state universities play a role far beyond their traditional educational mission-especially in the economic arena. University-sponsored research is being licensed to the private sector, or used to form new companies. Universities are managing business incubators. Consulting partnerships between academia and industry are commonplace. It wasn’t always this way. Not long ago, university officials were skeptical of becoming too involved with the private sector. Business leaders and investors didn’t recognize the value of innovation…

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Court files grow thick against Guidant: Shareholders, patients, employees air their grievances

“Attention, patients with Guidant heart defibrillators,” the announcer’s voice booms as the television commercial begins. Nearly 50,000 of the devices were recalled June 17, and people using one may be at risk, according to the ad, which has run in Tennessee, Kentucky and central Indiana so far. It ends by urging viewers to call the Becker Law Office in Louisville for a free consultation. That ad could spawn at least 10 wrongful-death lawsuits, according to Gregory Bubalo, a Louisville-based lawyer…

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Diversity marketing gains steam in central Indiana: Ad agencies helping convey cultural revelancy

Ethnic or diversity marketing, once confined to major cities such as Dallas, New York and Los Angeles, is taking hold in Indianapolis. “We have seen a gradual but growing response among clients to communicate to a multicultural audience,” said Clyde Bodkin, president of locally based Bodkin Associates Inc. “Not everyone is in the same place, but smart companies are finding culturally sensitive, culturally relevant ways to communicate to their target markets.” Diversity marketing is the fastest-growing sector of Bodkin’s 14-person…

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ECONOMIC ANALYSIS: My city is bigger than your city, or is it?

Does anyone remember the World Almanac? Perhaps not. But in the Barkey household of many years back, it was a well-worn little book. Especially those pages where populations were listed for every city in the country. That’s where we could proudly look up our own hometown and see where we stood against everyone else. We’re still doing that, of course. The paper books are gone, naturally, replaced by Web pages from the Census Bureau that pop up at the click…

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GERALD BEPKO Commentary: Unusual students offer hope for future

GERALD BEPKO Commentary Unusual students offer hope for future I often say this is the best time in the history of the world to be alive and that Indianapolis is among the best places. I believe this devoutly, but every now and then my sanguine outlook is put to the test. For example, I heard that author Jim Collins recently opened a discussion by asking if America had gone from “great to good.” Usually, I’m able to stay focused on…

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Educating entrepreneurs: Women’s Business Center offers basics as well as individual counseling services

Joann Robinson was unhappy working in corporate America, so she started her own business, Balloons by Design, which delivers balloon bouquets and does on-site balloon decorations. The Indianapolis woman had been in business for about a year when she sought assistance in January from the new Central Indiana Women’s Business Center. Since then, with CIWBC help, Robinson has gone from having about 15 customers to about 50. Robinson is one of many women who have benefited from the services offered…

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Builders pine for acreage: Earlham expects big bucks from land freed by deal

Like vultures circling a lone man in the desert, local developers and home builders are jockeying to swoop in and take 413 acres of prime Carmel land when owner Earlham College gives it up following its settlement with Conner Prairie. But Earlham, recognizing the prominence of the last large undeveloped tract in eastern Carmel, isn’t going gently. Interested parties-more than two dozen, at last count-will be required to undergo a formal proposal process before one can feast on the farmland….

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EYE ON THE PIE: Court decision opens barrel of worms

The U.S. Supreme Court has now ruled again that the public good supersedes conventional private property rights. Some critics have argued that this is something new. It is not, but this decision is a major extension of existing government powers. The case in question, if you missed it, involves seven homeowners in New London, Conn., who refused to move so their land can be part of an urban redevelopment effort. The city wants to transfer the properties to private firms…

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Mayor: police merger certain: Key leaders line up to negotiate cop consolidation

The stars have finally aligned for a police merger. The key stakeholders are aboard and Mayor Bart Peterson, who has always qualified his cop consolidation plan as hypothetical, now openly predicts its success. S p e a k i n g directly on the subject for the first time, Peterson, a Democrat, told IBJ the General Assembly wrote a “blank check” allowing a merger between the Indianapolis Police Department and the Marion County Sheriff’s Department. He intends to see it…

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Growth in big supply at 3-year-old Milor: Entrepreneur taps experience to land big clients

Michelle Taylor’s first customer was a north-side hotel that ordered 3,000 janitorial gloves a month. She got up at 3 a.m., processed the order out of her garage, and delivered the gloves in her car. Less than three years later, Indianapolisbased Milor Supply Inc. delivers 36,000 gloves a month, plus janitorial equipment and supplies and safety equipment, to universities, city and state governments, hospitals and a host of other industries across the country. The 35-year-old black female entrepreneur has moved…

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TOM HARTON Commentary: Patriotism that douses the fireworks

Friends, then foes, then friends once again as their lives drew to a close, John Adams and Thomas Jefferson died on the same day: July 4, 1826, the 50th anniversary of the Declaration of Independence. That these two Founding Fathers died on Independence Day and on the golden anniversary of such an important day in the country’s history was widely accepted at the time as proof of the “Divine favor” shown the young United States of America. One-hundred seventy-nine years…

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State plays wait, see: Indiana likely to follow federal lead regarding oversight of charities

As the national conversation about improving not-for-profit oversight gains volume, Indiana’s top charity watchdog is tuning in-while he considers whether to join the cacophony. Attorney General Steve Carter convened an informal group of advisers to weigh in on the topic last year, ultimately pushing for changes in state law that give him more ways to deal with abuses in the sector. Now he’s content to let federal efforts play out before determining what more can be done to keep the…

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ITT paid for feds’ aggression: Sweeping probe didn’t lead to charges against firm, top execs

On a chilly winter morning 16 months ago, federal investigators converged on ITT Educational Services Inc.’s Carmel headquarters and 10 of its 77 campuses, gathering documents in a high-profile raid that rattled investors and sent the company’s shares into a free fall. Now, the U.S. Attorney’s Office in Houston, which obtained the search warrants authorizing the raid, acknowledges its sweeping criminal probe failed to turn up evidence that would justify charges against the company or its top brass. The turnabout,…

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Marian College launches motorsports curriculum: Classes to focus on business side of racing

This fall, Marian College will begin offering a unique curriculum focused on the business of motorsports. Initially, motorsports-related classes will be offered within Marian’s sports management program, but school officials said they’d like to expand the program to offer a minor and major in motorsports management. Unlike programs at Purdue University, IUPUI and Rose-Hulman Institute of Technology, Marian’s courses will not focus on computers and engineering. Instead, the program will instruct students in marketing, communications, sales and business management in…

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Mayor announces $30 million in budget cuts:

Mayor Bart Peterson June 29 announced $30 million in emergency cuts from the city’s 2005-2006 budget. Public safety took the brunt of the cuts. The Indianapolis Police Department will lose 78 officers through retirements and attrition. The Indianapolis Fire Department will lose 44 firefighters, also through attrition. In anticipation of the need for cuts, the city began leaving some of those jobs open in January. When finished, IPD’s force will drop from 1,232 to 1,154. Unless the General Assembly approves…

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INVESTING: Embracing China thorny issue for government, markets

International trade issues abound. There are both long- and short-term stock market implications to these deals, along with political and social effects. China is the overwhelming player in most of the stories, but some closer neighbors are also in the game. A major Chinese oil firm called CNOOC made an offer for Unocal, which was in the process of being bought out by Chevron. The CNOOC offer is higher by a few billion dollars, and it is cash, but there…

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Universities reach out to improve diversity: Purdue, IU use local offices to lure minority suppliers

Purdue University’s most recent step includes opening an office in Indianapolis that will serve as a contact point for minority-owned companies that are interested in doing business with the school. Purdue also is becoming one of the major sponsors of the annual Indiana Black Expo. These two projects are being headed by Jesse Moore, who became Purdue’s manager for supplier diversity development in February. Moore previously led the Indianapolis Black Chamber of Commerce for nine years. Officials say it’s important…

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EYE ON THE PIE: BMV closings raise bigger issue

The closing of several offices of the Indiana Bureau of Motor Vehicles involves serious issues that are worth attention. Just after the end of the legislative session, the BMV commissioner announced that a few smaller offices would be closed. The number of patrons these offices serve was deemed insufficient to maintain and staff the facilities. In an age of increasing use of electronic transactions, this makes sense. One of these facilities was in Hope, a small Bartholomew County town in…

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