Articles

Hoosier Tire still racing: For nearly a half-century, Lakeville company has competed with the big boys

When the rubber meets the road, auto racing experts say there are few-if any-companies that outperform Lakeville-based Hoosier Racing Tire. Hoosier tires, industry sources said, are equal to their better-known brethren in racing-related sales and on-track performance. “This company has gone head-to-head with Goodyear on the biggest of all racing circuits,” said Dick Berggren, editor of Speedway Illustrated and a retired racer. “I can’t think of a business where the costs of entry are steeper or the level of technology…

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Does gender matter in politics?: Despite high-profile wins, politics still remains a male-dominated field

1992 was dubbed the “Year of the Woman,” when four women were elected to the U.S. Senate, but 2006 may be seen as the beginning of a new women’s political movement, says Marie Wilson, president of The White House Project, a Washington, D.C.-based group that’s working to advance women in political office. Indiana has made some strides, but 85 years after women won the hard-fought right to vote, the number of women in elected office at the national level hasn’t…

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Marketing firm targets tech types: Seven-figure deal shows DGS’ diversification is working

When DGS Marketing Engineers signed a blockbuster deal this September with one of the nation’s largest industrial chemical companies, owners of the ad agency knew making their micro-niche just a little broader was going to pay big dividends. The local marketing and advertising agency recently decided to step outside its super-specific niche of working with companies that make machine tools to target companies working in just about any technical field. “This is a specialized advertising field that goes beyond mere…

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Plant to be a real gas for price stability?: Utilities betting gasification will ease volatility

Two gas utilities serving central Indiana say they want to buy synthetic gas from a proposed coal gasification plant downstate to provide a hedge against price volatility. Citizens Gas & Coke Utility, which serves 266,000 Marion County customers, plans to buy up to 3 billion cubic feet of gas a year from Indiana Gasification LLC. The amount is equivalent to about 10 percent of Citizens’ annual demand for natural gas. Meanwhile, Evansville-based Vectren Energy Delivery of Indiana, which has 550,000…

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Surveillance success: Greenwood-based security firm’s rapid growth draws national notice

They all have high-tech surveillance systems from Greenwood-based American Sentry Guard. The company specializes in building and distributing “intelligent video” systems capable of linking digital video with other computer-based information, such as sales transaction records. Clients include schools, banks, casinos, government agencies and small businesses. Founded in 1999 by father-son team Jack and Jeff Brummett, American Sentry has become one of the nation’s fastest-growing privately held companies. This year, Inc. magazine ranked the company 150th on its “Inc. 500” list,…

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RETURN ON TECHNOLOGY: Is designing for blind worth the trouble and cost?

A few weeks ago, I wrote about a potentially groundbreaking lawsuit stewing in the cauldron of a California federal court. There, the National Federation of the Blind has been allowed to go forward in its suit against Target Brands, which runs Target department stores, claiming that Target should have to make its Web site as easily accessible to the blind as its brick-and-mortar stores. I thought it would be an obscure case, but it’s been puffed up into something of…

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Forgotten accounts can lead to windfalls: State seeks Web vendor for unclaimed property

With $325 million in unclaimed property on hand, Indiana Attorney General Steve Carter has a simple request: Check the Internet to see if any of it is yours. To make the process as easy as possible, Carter is searching for a vendor to upgrade and host its clearinghouse Web site www.IndianaUnclaimed.com. The attorney general’s goal is to reunite Hoosiers with their cash-and in the process reduce a significant problem for businesses that need to get unclaimed property off their books….

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Coming attraction: Imax theater in Noblesville: Technology lets theaters show Hollywood blockbusters

Once upon a time not so long ago, Imax films were nearly synonymous with museums. In Indianapolis and elsewhere, the largeformat movie screens-some as big as the side of an eight-story building-featured 40-minute films that took viewers to exotic places like outer space or the top of Mount Everest, and were usually attached to educational and cultural institutions. But technology that debuted in 2002 is bringing Imax screens to suburbia-including to Noblesville in 2008. Grand Rapids, Mich.-based Goodrich Quality Theaters…

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Showing WAL MART some love: New statewide group supports oft-criticized retailer

Several Hoosiers are at the forefront of a fledgling effort to deflect a growing barrage of criticism lobbed at retail giant Wal-Mart Stores by organized labor and worker’s rights advocates. The Indiana chapter of the Working Families for Wal-Mart formed earlier this month and includes in its membership local elected officials such as City-County Councilor Ron Gibson and State Rep. Vanessa Summers, D-Indianapolis. The national not-for-profit, which launched a year ago, is backed by the Arkansas-based retailer and also boasts…

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Fast-growing Indy bank nearing $1B in assets: National Bank of Indianapolis credits service for climb

When cousins Michael and Morris Maurer decided to start a bank from scratch in 1993, they had several major issues to work through. There were regulatory approvals to win and federal deposit coverage to secure. They needed investors, bankers, office space and technology. But even the seemingly small details required time-consuming care. For one: selecting a name. It had to evoke a feeling of local control and continuity. It had to call to mind the company’s strategy of long-term relationships…

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INVESTING: Election outcome a big setback for nation on upswing

A recent election ended in disaster. Voters revived a party that has no business coming back into power. I only hope the electorate wakes up soon and gets the situation back on track. No, I am not talking about the congressional elections in the United States. I’m talking about the presidential election in Nicaragua, where Daniel Ortega, leader of the Sandinista Party, was re-elected president after a 15-year hiatus. Real estate values plunged 10 percent instantly, and large corporations began…

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ECONOMIC ANALYSIS: Daniel’s toll-road plan futuristic, not dated

Is building roads innovative? Some reactions voiced in the wake of the Gov. Mitch Daniels’ proposal to build a 75-mile beltway around the east and southern quadrants of central Indiana say no. Outer belts, it is said, are a mistaken product of 1960sera thinking, robbing growth from central cities and helping create the faceless suburban landscape that surrounds so many major cities today. Innovative thinking on transportation, one might say, would embrace new technology and get us away from the…

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BioCrossroads aims to aid life sciences service sector: Group hopes to identify or raise at least $25 million

BioCrossroads, the life sciences initiative responsible for raising the $73 million Indiana Future Fund and the $6 million Indiana Seed Fund, is in early discussions on a new capital-formation effort. The focus this time around: biotech services businesses. “This is very much a work in progress,” said BioCrossroads CEO David Johnson. “But we believe and acknowledge this is an area that needs our attention and our active involvement.” Next year, Johnson hopes to focus at least $25 million to $30…

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VIEWPOINT: Does Indiana have a ‘vision thing’?

Nothing hurts a plan more than a lack of vision. The primary aim of the Indiana Economic Development Corp.’s plan-Accelerating Growth, Indiana’s Strategic Economic Development Plan-announced in April, is to boost personal income per capita to the national average by 2020. An effort to achieve an average standard in 14 years seems to be an unusually low aspiration. The historical record makes this target appear more challenging. Indiana has ranked 30th to 34th in the nation in percapita personal income…

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Schools warm to economic development: Colleges crank out programs to fit latest initiatives

Academic purists often hold contempt for politicians and executives seeking help with economic development initiatives. It doesn’t take a political science degree to wonder if someone is trying to stoke votes, ambitions or profits-on the cheap. But in Indiana, more colleges are tailoring their curriculum to support economic development priorities, realizing what’s good for the region can be good for their enrollment. “An increasing number of universities don’t view themselves as ivory towers anymore,” said Uday Sukhatme, executive vice chancellor…

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Taking apart PCs, rebuilding lives: Workforce Inc. recycling program helps ex-prisoners prepare for employment

Timothy Smith spent 22 years behind bars for committing a violent crime he’d rather not talk about. The Indianapolis native released from prison just two months ago cannot stop praising the transitional program meant to help him and other former inmates find jobs and rebuild their lives. “This place has been a godsend for me,” Smith said. “Coming out of prison, you don’t have much of a job history. It gives you something to look forward to.” Smith, who entered…

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Emmis’ landmark deal with Apple paying big dividends: Locally based radio group now No. 2 iTunes affiliate

Emmis Communications Corp. has a new mantra when it comes to emerging technology some say will kill the radio industry: If you can’t beat ’em, join ’em. Emmis entered a relationship with California-based Apple Computer Inc. nine months ago that is paying big dividends. Since launching one of the radio industry’s first iTunes storefronts on its stations’ Internet sites, Emmis officials said they have become the No. 2 iTunes affiliate based on sales. Only Internet behemoth Yahoo Music sells more….

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Techies push for education initiatives: Daniels administration trying to heed call to build a better-equipped work force with ‘Accelerating Growth’ plan

The numbers are daunting. According to Gov. Mitch Daniels’ economic development plan “Accelerating Growth,” Indiana ranks 35th out of 50 states for the proportion of its population with at least an associate’s degree. Worse, it ranks 47th for bachelor’s degrees. A full million Hoosiers “lack the basic skills necessary for 21st century employment,” according to the plan. That’s about a sixth of the state’s population. High-tech leaders are increasingly focused on reversing the trend. They know the availability of a…

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RETURN ON TECHNOLOGY: Big screen? Two screens? Productivity debate goes on

Apple computer recently announced the results of a study by Paris-based Andreas Pfeiffer, which said buying one of Apple’s $1,999, 30-inch displays would increase productivity of one lucky employee 50 percent to 65 percent, enough to earn back the cost of the monitor before it dies or is supplanted by one with more pizazz a few years from now. Pfeiffer argues that it takes a lot of time to switch between windows on a smaller monitor, time that isn’t taken…

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