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Economic Development
Race against crime: As public safety becomes a business issue, much is riding on battle for prosecutor
November 28, 2005
Peter SchnitzlerThe dust has settled on Mayor Bart Peterson's failed police merger. Meanwhile, local crime is surging, up 11 percent from
2002 to 2004. The next bellwether on how to turn the tide will be the 2006 Marion County prosecutor's race. The contest, pitting
Melina Maniatis Kennedy against incumbent Carl Brizzi, already is drawing the attention of community and business leaders,
who say the stakes are huge: Rampant crime can cripple a local economy. "Where there's crime-scene tape, there are not...
MoreCHRIS KATTERJOHN Commentary: Setting an example for Sacramento
November 28, 2005
"To improve Sacramento, learn from Indianapolis" was the headline of a column in the Nov. 18 Sacramento Business Journal.
It's always nice to get a compliment and some good PR. Turns out a delegation of nearly a hundred Sacramentonians-or is it
Sacramentites?-were here in October on a three-day study mission to learn how to become a great city. It was the seventh year
in a row for them to make a learning visit to another community. Tom Stallard, head of...
MoreIndustry races to promote itself: Statewide motorsports group hopes to thwart competition from other U.S. markets
November 28, 2005
Anthony SchoettleArea motorsports leaders are gearing up for another run at unifying the industry and assuring the region retains its status
as one of the world's leading motorsports markets. Organizers of the latest effort promise they won't spin their wheels this
time around. They're casting a wider net-going statewide with a motorsports association-to attract more members and build
more clout with the media, local and state lawmakers, and service providers, such as banks and insurance companies. The Indiana
Motorsports Association Inc....
MoreVIEWPOINT: Choosing judges: If process isn't broken ...
November 28, 2005
Jon LaramoreAs the 2006 legislative session approaches, the business community should urge the General Assembly not to resurrect proposals
to change appellate judicial selection it considered last session. These proposed changes are misguided because Indiana's
system has worked well to build an appellate judiciary we can be proud of. The proposed changes work against the predictability,
stability and sophistication necessary to ensure an appropriate judicial climate, and Indiana's business leaders should oppose
them. Although last session's measure may not come up...
MoreVIEWPOINT Valerie Eickmeier: Business needs to harness power of arts
November 21, 2005
VIEWPOINT Valerie Eickmeier Business needs to harness power of arts Indiana will more fully reach its potential in economic
development for the 21st century when its common goal is to build a community where commerce and creativity can thrive. The
world is entering an era some business leaders and economists are calling the "Conceptual Age." They trace the economic growth
of our country from agriculture to industrial manufacturing, technology and the Information Age. Today, our country's primary
economic growth and...
MoreTechnology proposals get business focus: IEDC requests new 21st Century Fund applications
November 21, 2005
Peter SchnitzlerIt's been 18 months since state government requested new technology proposals from startups or academics. The days of waiting
are now finished. "We're in business," said the Indiana Economic Development Corp.'s new director of entrepreneurship, Bruce
Kidd. "The open sign is in the window. We want to start accepting applications again." On Nov. 16, the IEDC issued a request
for applications to its $75 million 21st Century Research and Technology Fund. Much has changed since March 2004, when the
state...
MoreLawrence, Crane build on base realignment: Economic developers hope to increase job count
November 21, 2005
Peter SchnitzlerNow that Indiana has survived the latest round of military base closings relatively unscathed, state leaders are turning to
their next task: spurring economic development around the state's two largest remaining military assets. After two years of
review, the military's Base Realignment and Closure process concluded Nov. 9 when Congress allowed the BRAC commission's recommendations
to become law. When the commission unveiled its recommendations this spring, state officials were relieved the Crane Naval
Surface Warfare Center in southwest Indiana would...
MoreIncentives no help if hard to use, developers say: Program used on northwest side can be too much of a good thing
November 21, 2005
Tammy LieberA year and a half ago, Indianapolis officials announced an incentive program designed to lure businesses to the vacancy-plagued
commercial area surrounding Lafayette Square Mall on the northwest side. To date, just one developer has taken advantage of
the community revitalization and enhancement district, or CRED, and its project was in the works before the program began.
The developer built a movie theater and grocery store in a former Cub Foods near 38th Street and Lafayette Road. Smaller developers
may...
More'Backward' thinking seen as key to future: Students hope experiential history puts them on promising career path
November 21, 2005
Chris O\'malleyAs counterintuitive as it sounds, "experiential history" is one of seven key careers, besides usual suspects like logistics
and bioinformatics, that are the focus of the University of Indianapolis' Institute for Emerging Careers. No, drug testing
of college faculty isn't among the emerging careers. The institute was formed last year with a $750,000 Lilly Endowment grant.
It aims to stem the so-called "brain drain" of Indiana's college graduates to other states in search of work-in part by pointing
them in...
MoreIncentive search shot down: University Loft eyes Tennessee after Hancock County spurns request to create a TIF district
November 14, 2005
Anthony SchoettleHancock County Commissioners' unwillingness to consider creating a Tax Increment Financing district has sent a growing Indianapolis-based
manufacturer looking for a new expansion site, possibly out of state. University Loft Co. CEO James N. Jannetides said he
was continually rebuffed over a months-long process to get the tax incentives his company needed to bring 200-plus jobs to
the county directly east of Marion County. Now Jannetides said he might look to consolidate manufacturing in Tennessee where
he opened a plant...
MoreMASTER OF THE PLAN: Ultra-prepared president has Purdue primed for 'pre-eminence'
November 14, 2005
Peter SchnitzlerIt's half-past eight on a Monday morning and Martin Jischke is at his desk, poring over notes. This is how Purdue University's
president spends his days and most of his nights-preparing to be prepared. At any time, Jischke could be interacting with
students, alumni, faculty, legislators or business leaders. He wants to be ready for their questions with clear, articulate
answers, no matter the subject. His responses seem off-thecuff, but make no mistake: Jischke has studied and considered his
position...
MoreDatabase puts 800 technology researchers in reach: Indiana Information Network hopes to link businesses with industry expertise
through extensive online portal
November 14, 2005
Tracy DonhardtA Web-based melting pot of intellectual resources intended to aid technology transfer to the market boasts 800 researchers
in 40 fields that businesses can tap for help. Indiana Innovation Network is an offshoot of Access Technology Across Indiana,
or ATAIN, which was formed about 12 years ago as an alliance of universities, research institutions and businesses statewide.
The alliance, led by John Schneider, assistant vice president for industry research at Purdue, helps research facilities commercialize
their technology. IIN, founded by...
MoreHammond Kennedy Whitney buys centrifuge maker: Investment allows Midwest Engineered Products to expand sales and marketing
November 14, 2005
Peter SchnitzlerSometimes, a profitable product isn't enough to sustain a company's growth. That's what financial partners are for. Consider
Midwest Engineered Products Corp. Founded in 1982 with a $1,000 investment by Jim Beattey and his son Jeff, the locally based
industrial centrifugemaker has grown since then on bank loans and its own profits. These days, it brings in annual revenue
of $10 million, with sales as far away as Europe and New Zealand. "We were having trouble keeping up with the...
MoreOmnicity making inroads among the dirt roads: Rural areas served by wireless broadband provider have grown nearly six-fold
November 7, 2005
Chris O\'malleyAn Indianapolis company that provides wireless broadband service from atop grain elevators, water towers or darned near anywhere
the warbler roosts is expanding at a rapid clip and plans to launch Internet-based phone service in early 2006. Omnicity Inc.
also plans another private offering to raise cash for its ambitious build-out in rural areas that are underserved by high-speed
Internet providers. Improving broadband access has economic development implications in Indianapolis' remote bedroom communities
and throughout sparsely populated areas. Now, even...
MoreGroceries go global: Ethnic food stores surge in popularity, number
November 7, 2005
Matthew KishSalsa outsells ketchup. Tortillas fly off the shelves almost as fast as white bread. And if you're looking for these new staples
of the American diet, Indianapolis is increasingly a good place to find them. Sixteen years ago, there were three Latino grocery
stores in Indianapolis, according to Manuel Gonzalez, president of the Indiana State Hispanic Chamber of Commerce. Today,
there are more than 40. And that's just the places that specialize in products like milpero tomatoes and serrano chilies....
MoreThere's more to logistics than forklifts and sweat: Colleges offer degrees for white-collar jobs in the field
October 31, 2005
Chris O\'malleyIt's not sexy, but it's where the jobs are. Ivy Tech Community College will offer an associate's degree in logistics management,
the latest effort in Indiana aimed at cultivating a work force for the transportation-distribution-logistics sector, known
as TDL. Meanwhile, the University of Indianapolis is preparing a concentration in supply chain management that will have key
applications in logistics careers. Experts say the educational push is sorely needed, yet it's still a challenge to get young
people interested in the...
MorePLAN OF ATTACK: Anderson's leaders are working to exorcise the ghosts of GM
October 31, 2005
Anthony SchoettleFour miles and decades of history separate the Anderson exits along Interstate 69 northeast of Indianapolis. Empty General
Motors Corp. plants-as much a thing of the past as single-class basketball-cast ominous shadows at Exit 26, once Anderson's
front door. To the west, closer to Indianapolis, is Exit 22 and the trappings of the future: millions of dollars in new infrastructure,
a new business park, and the state's largest business incubator-tools Anderson officials think they need to turn this rust-belt
poster...
MoreStartups offered a fast track: Motorsports-themed incubator gets green light in Brownsburg
October 31, 2005
Matthew KishHendricks County officials hope a new business incubator there revs the engines of local entrepreneurs. The motorsports-themed
facility, to be known as Fast-Start, got the green light after a year-long feasibility study concluded the project was a logical
fit for a community that already houses Prudhomme Racing, John Force Racing and Bill Simpson's Impact Racing. "It would help
achieve some of our goals in Brownsburg," said Jeanette Baker, town council president and treasurer of the Hendricks County
Economic Development Partnership,...
MoreIncentives abound to help backfill old GM sites:
October 31, 2005
-Anthony SchoettleAnderson officials are taking advantage of two incentive programs-one state and the other federal-to lure users to former
General Motors Corp. factories. A collection of vacant buildings and empty lots where more than 24,000 GM employees once worked
was designated last December as a state Community Revitalization Enhancement District, or CReED. Anderson is one of only seven
Indiana cities to have a CReED, which offers tax advantages to private companies that locate in the district. The program
is funded by...
MoreTheater rehab project symbolic of city's makeover:
October 31, 2005
-Anthony SchoettleWhile Anderson officials have focused much energy on Interstate 69 access points and former General Motors Corp. sites and
business parks outside the city's center, they've also been carefully rebuilding downtown. In 2002, Anderson Indiana Main
Street was formed, and has become active in the last two years recruiting business there and hosting a number of festivals
and other events. In recent years, many of the streets have been repaved-some with brick pavers as part of a massive beautification
project...
MoreHot mod madness: Customizer Kenny Brown enjoys performance-car revival
October 24, 2005
Chris O\'malleyIn a dark corner of the Kenny Brown Performance garage is the 2005 Mustang Ford Motor Co. should have built. Supercharger.
Disc brakes as big as the tires of some cars. All hung on a chassis that's Prince Charles stiff. And shrouding its meaty tires
are a protruding rear fender and a filled-in quarter window raked all the way back to the taillights, akin to the 1967 Mustang
fastback. "It's kind of like the marriage of heritage and technology," said...
MoreMarsh store on hold: Grocery chain halts plan for much-ballyhooed Atlas replacement
October 24, 2005
Matthew KishFarrar broke the news to residents this month after speaking with Arthur Marsh, the store's namesake, who lives in the area.
A source inside Marsh confirmed the project is on hold, but company officials declined repeated opportunities to elaborate.
Marsh is pulling back from the project at a time it's under increasing financial strain. In its most recent quarter, the Indianapolis-based
company posted a profit of just $674,000 on revenue of $410 million. In an August statement, CEO Marsh Supermarkets...
MoreState changes malpractice tact: Insurance department using more outside legal help
October 17, 2005
Tom MurphyThe Indiana Department of Insurance has boosted the outside help it uses to defend its medical malpractice Patients' Compensation
Fund after seeing a record payout this summer. A staff shortage, concern voiced by providers and a ruling that could lead
to huge damage sums all spurred the move, said Amy Strati, who oversees the fund as the Insurance Department's chief counsel.
"The provider community has clearly said to us, 'We want you using experienced [medical malpractice] attorneys on the complex...
MoreTOM HARTON Commentary: Luring people with bricks, mortar
October 10, 2005
A parking garage is about to rise on a vacant lot at 120 E. Washington St. It's ironic that a block or so west of the site,
a group of architects, city planners, real estate developers and leaders of the city's arts movement meet on a regular basis
to plot against such garages. The garage in the works isn't just any garage. In its current design, which is yet to be approved,
it's only a garage. No ground-floor retail. Just...
MoreBacking home again: CID changes out-of-state course, invests $50M in Indiana
October 10, 2005
Peter SchnitzlerIndiana's flagship venture capital firm has changed direction. Often criticized for not investing frequently enough within
state lines, CID Equity Partners over the last five years has quietly put nearly $50 million to work in 10 Indiana companies.
In the decade before, CID invested in just a half-dozen local deals. And after struggling to weather the 2001 recession, CID's
managers believe the wind is finally at their back. Three years ago, massive losses threatened to sink the firm. Since then,...
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?