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VOICES FROM THE INDUSTRY: Indiana needs to develop more technology workers

Far from its older perception of a backoffice function, information technology today is cutting edge and business savvy, driving innovation in virtually every industrial sector. As an industry, IT in Indiana has seen significant growth in the past few years. In fact, the state’s tech nology sector has grown so quickly that the industry faces a new challenge-employers are experiencing explosive growth and cannot find enough qualified individuals to fill these new positions. As documented by the Indiana Department of…

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Aiming to save, Children’s Museum goes it alone: In-house construction crew builds exhibits from scratch

A sign on the basement wall reads “Construction Zone.” Nearby on the router table, window frames are taking shape along with decorative pieces that will adorn the façade of a World War IIera brownstone. Behind a red plywood wall a few floors up, hammers knock and saws shrill as workers erect a 13,500-square-foot homage to three children who changed the world. It’s just another day at the office for the production crew at The Children’s Museum of Indianapolis. For months,…

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IN THIS ISSUE:

I N T H I S I S S U E FOCUS:Insurance&BenefitsQuarterly19-24 Employerslooktohealthsavingsaccountsforpremiumrelief19 OneAmericaingoodpositiontogrowthroughacquisition19 NOTSTRICTLYBUSINESS45-47 15 A&EbyLouHarry:FringecharacterspopulateaFringeFilmhighlight45 Dining:FritesatBruggeBrasserie45 FunnyBusinessbyMikeRedmond:TheWorldofTomorrowhovers,preparestoland46 SportsbyBillBenner:Plentytochewonforsportsfansofeverystripe47 PERIMETER15-18 HendricksCounty:Brownsburgluresdrag-racingfirms15 45 BehindtheNews:Andrews4OPINION & EDITORIAL HowmortgagemeltdownsankOakStreet,Commentary:ChrisKatterjohn10othersIBJ’sEnterpriseAwardhits25 EconomicAnalysis:Barkey28AEditorial10 PartingthoughtsonIndiana’sstrengths,Dunnexitshowsboarddoingjobweaknesses EyeonthePie:Marcus11ClassifiedsandInternetDirectory34-35LifegoesondespitepropertytaxesPeople18Viewpoint:DeborahJ.Daniels11ReturnonTechnology:Altom32Helpingex-offendershelpsallofusSavingprinterpaperdoesn’tsavemuchmoneyRECORDS SmallBusinessProfile40Calendar33FundRaising41It’sadog’slifeConventions33InRecognition41 LISTS LargestIndianapolis-AreaRetirementSTOCKS Communities26Investing:Hauke28LargestIndianapolis-AreaAssisted-LivingDominoeffectworsenedwoesinsubprimeFacilities37market ProxyCorner:IrwinFinancialCorp.31 COMPANY INDEX This index does not include companies mentioned in letters to the editor, lists, charts and records. The page numbers listed refer to the pages where articles begin. 3S Karting Supply ………………17 Conseco Inc……………………….30 Interactive Intelligence Inc……10 Precedent Commercial 96th Street Steakburgers……….1 Crowe Chizek…

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RETURN ON TECHNOLOGY: Saving printer paper doesn’t save much money

At one company I know, the head of information technology took note of rising printing costs and took decisive action. He immediately asked everyone to start printing on both the front and back of each printed sheet. Every time I saw people in meetings flipping pages up and down trying to read front-and-back, I wondered if he’d done the math, because it’s highly probable he didn’t save much at all. The big cost in copiers and printers isn’t paper, but…

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OneAmerica methodical in approach to new deals: Flush with capital, local insurer on the lookout for acquisitions

Don’t expect OneAmerica Financial Partners Inc.’s purchase of a $700 million annuity portfolio last month to be its last big-ticket buy. The Indianapolis-based insurance holding company says its executives and heads of its various product lines are constantly on the prowl for acquisitions. But don’t hold your breath for the company’s next deal. Its purchase of annuities from Iowa-based Transamerica Life Insurance Co., announced July 24, took two years to come together. So did its previous acquisition, the 2005 purchase…

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OrthoPediatrics looks to kids to set it apart: Larger implant manufacturers focus on adults

But that’s changing now, as the orthopedics juggernaut in Warsaw has spawned another company. Formed a year ago, OrthoPediatrics in October will launch its first 10 orthopedic implants designed especially for kids. The startup hopes to do research at the offices and hospital of OrthoIndy, a group of orthopedic physicians in Indianapolis. OrthoPediatrics’ niche is one that has been shunned by the larger orthopedic implant companies based in the northern Indiana city-Zimmer Holdings Corp., Biomet Inc. and DePuy Orthopaedics Inc….

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INVESTING: Strange time for business: Bad, good news abounds

There is an ancient Chinese proverb that says, “May you live in interesting times.” The saying possesses a sort of electric connotation, with hopes that one experiences an exciting lifetime. Yet in the historical use of this proverb, the interpretation of “interesting times” hasn’t always meant “good times,” with some recitals implying “dangerous times.” For investors, our times are certainly interesting. We have a global economy that is booming. Economic growth across the planet has never been in such harmony….

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VOICES FROM THE INDUSTRY: Greener Indianapolis buildings could be within reach

In case you’ve missed it, energy dependence and environmental preservation are among the most pressing issues here at home and around the globe. The issue is forcing all of us to take a hard look at nearly every aspect of how we live. This self examination of sorts, extends point on building costs can sometimes move as a strategy to draw down life-cycle costs. Typically the increased front-end investment can be recovered within a relatively short period. In order to…

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Fantasy football leagues concern employers

The kickoff of the National Football League season this month has many central Indiana employers fearful that fantasy will
encroach on reality. The fretfulness revolves around the start of the fantasy football season, where fans draft real players
onto make-believe teams and track their individual performances via organized Web sites.

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INVESTING: Better times lie ahead for embattled investors

The last full week of July turned out to be exciting for the stock market. Not long after the Dow Jones industrial average topped 14,000, a solid correction came flying in. The speed and power of the pullback deserve some respect, but so does the tenet of perspective. If it wasn’t already, it now is probably apparent why I have been harping all year that you should concentrate investments in energy, industrials, materials and select technology. The market suffered through…

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Against the odds, Emmis grows publishing division: Unsung unit now one-fourth of company’s revenue

At a time when many print publishers are wringing their hands at the prospect of losing readers to the Internet, Emmis Communications Corp. is experiencing surprising growth in its magazine division. With the acquisition of Orange Coast last month, Emmis owns seven city-based magazines and one nationally distributed magazine. And the publishing division, with 406 of Emmis’ 1,300 employees, is the company’s fastest-growing. “City magazines like the ones Emmis has are doing quite well,” said Abe Peck, chairman of journalism…

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Software startup Vyante measures online chatter: Two-man firm lands $200,000 in grants, readies for product launch through beta tests with corporations

To make money on new software, sometimes you have to give it away. Thanks to that counterintuitive approach, tiny local IT startup Vyante Inc. has persuaded companies like Eli Lilly and Co., Roche Diagnostics, Dow Agro-Sciences and 5MetaCom to test the beta version of its new software, which tracks and measures the impact of their brands online. Vyante hopes eventually to convert the companies into paying customers. “We’ve persisted against the odds,” said Vyante Senior Technologist Benjamin Ranck. “It was…

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RETURN ON TECHNOLOGY: Cell phone technology still socially backward

I’m standing in the Convention Center downtown, looking down sourly at my cell phone. The designers of the phone have failed me, and I want to know why. It was the IUPUI graduation last May, and the hallways were filled with thousands of people in fancy dress and black robes. I was trying to contact just one of those thousands, but I didn’t know his cell number. I knew he was there, and probably within a hundred yards, but without…

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SURF THIS: With tech tasks, define success before measuring it

I had a boss once who was infamous for his adages, always having one of these nuggets immediately at the ready. True, he would occasionally misfire, tossing off a “let’s throw it against the wall and see what sticks” when the situation may have clearly called for something more genteel like “run it up the flagpole and see who salutes.” But most of the time, he was right on the money. One of his favorites was the old “How do…

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Entrepreneurs getting younger: Corporate downsizing gives rise to ‘e-generation’

From selling shark tooth necklaces to his neighbors during summer vacations in Florida to running an online auction site that benefits charities, he’s no stranger to the hard work that comes with starting a business. “I’m interested in new things and looking into new things,” said Gough, who is among a burgeoning group of young entrepreneurs not content to work for others. They’d rather strike out on their own. In fact, nearly 71 percent of the 1,474 youth who participated…

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STARTUP ADVANCED IMAGING HEALTHCARE SOLUTIONS INC.: Ultrasound technology hits the road

STARTUP ADVANCED IMAGING HEALTHCARE SOLUTIONS INC. Ultrasound technology hits the road Type of business: mobile medical imaging Location: 75 Executive Drive, Suite A, Carmel Phone: 663-3289 E-mail: info@aisolutions.info Web site: www.aisolutions.info Founded: November 2006 Owners: Greg and Janet McCauley, Beau and Jennifer White Owners’ backgrounds: Jennifer White, 27, graduated from Indiana University’s dental school in 2001; her husband, Beau, 30, graduated from Purdue University in 2000, then worked in sales in the medical field. The McCauleys have been in sales…

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New kind of high school pairs projects, technology: Educators hope approach boosts graduation rates

Students at three new Indiana high schools this fall are going to learn the California way. No, they won’t be holding classes on the beach. They’ll use technology and a project-oriented curriculum to learn about math, science and history, plus gain 21st century skills business leaders say today’s work force needs. The New Technology High School model, which began in Napa Valley, Calif., in 1996, will launch in Indiana this fall with New Tech High at Arsenal Tech, New Tech…

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INVESTING: Don’t give up on stocks, despite talk of bear market

The S&P 500 on June 1 set a rally high of 1,540. Now, it sits at 1,507. That’s the longest stretch of no forward progress since last summer. So, does that mean anything? There is no shortage of professionals telling us the next bear market is upon us. And with more than a few industries not participating for a while, it might seem the bears have a valid point. Before you pull out the lifeboats, though, there are a few…

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Strides taken in life sciences, experts say: Industry panel: Thanks to ongoing efforts, Indiana has experienced serious progress as biomedical hotbed during last 5 years

Five leaders of Indiana’s life sciences industry offered their perspectives at the Indiana Convention Center June 26 as part of the Indianapolis Business Journal’s Power Breakfast Series. The panelists: Mike Arpey, managing director of global investment bank Credit Suisse’s Asset Management Division and manager of the $73 million Indiana Future Fund for BioCrossroads, the state’s life sciences economicdevelopment initiative. Ron Ellis, co-founder, president and CEO of Lafayettebased Endocyte Inc., a biotechnology company focused on the treatment of cancer through receptor-targeted…

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RETURN ON TECHNOLOGY: Chew-and-view eateries do not make a happy meal

Who asked for televisions to be installed in every restaurant in central Indiana? I’ve been to a lot of them, standing in lines, overhearing conversations with wait staff, chatting with the bartender, and never once, not a single time in my whole life, did any customer ever say anything like, “You know, what this joint really needs is a TV!” I can understand places where you’d expect to find TVs, and indeed where you go to watch TV on special…

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