Economic Development

Tiptoe through the toxins becomes walk in the park: $600,000 in federal, state grants fund initiative to turn former industrial sites into recreation areasRestricted Content

June 4, 2007
Chris O\'malley
Take a deep breath of that air, wafting with the fragrance of methylnaphthalene. And those violets-must be the lead and arsenic in the soil that give them such a lovely glow. Nothing quite refreshes like a stroll through a hazardous waste site. Or, in the eyes of state planners, make that a former hazardous waste site. The Indiana Brownfields Program will create the Indiana Brownfields Trails & Park Initiative. It will assess abandoned industrial and commercial properties with real or...
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EYE ON THE PIE: Immigrants need better financial optionsRestricted Content

May 28, 2007
Morton Marcus
Jorge Tortellini meets me at Goldberg's International Deli. He orders borscht and a hot pastrami on rye. I go for the sweet-and-sour soup with a vindaloo chicken burrito. "We're destroying ourselves," Jorge tells me. I give a quizzical look, my mouth burning from my luncheon choices. He is studying his notebook. "Do you know how much immigrants are sending back home each year?" he asks. "The Inter-American Development Bank estimates that last year remittances from the United States to Latin...
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CHRIS KATTERJOHN Commentary: 'Rip' is just right for CICPRestricted Content

May 28, 2007
It's been 15 months since Central Indiana Corporate Partnership CEO Mark Miles wrote in these pages that he felt like Rip Van Winkle when he returned to the city after being away for 15 years. Miles has done anything but sleep since he got back. Neither has the CICP board of directors. That group should be congratulated for making an outstanding choice of a new leader and for taking bold steps forward. This seems to have been a perfect match...
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VOICES FROM THE INDUSTRY: Creation of state officer reconfirms value of GISRestricted Content

May 21, 2007
Jim Sparks
Virtually unnoticed in the spate of bills that emerged from the 2007 session of the Indiana General Assembly was creation of a new officer in state government who can be extremely helpful in the state's economic development efforts. The law creating a Geographic Information Officer, or GIO, gives official status to an important discipline that has been blossoming over the last 25 years and is increasingly relied upon in business and political decision-making. A Geographic Information System is a collection...
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Techpoint honors Indiana companies, educators: Judges narrow 80 nominees to 13 Mira winnersRestricted Content

May 21, 2007
Peter Schnitzler
This year's recipients of Techpoint's Mira awards include some of the area's best-known technology startups as well as lower-profile firms that have racked up big achievements. On May 18, the technology trade group was scheduled to acknowledge the accomplishments of Hoosier entrepreneurs in information technology, life sciences, advanced manufacturing and education with its eighth annual gala at the Indiana Roof Ballroom downtown. "It's always good to recognize companies and give them a pat on the back, put them on the...
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Gigerich firm makes spate of hires after staff exodus:Restricted Content

May 21, 2007
Carmel-based consulting firm Ginovus LLC-which lost five professionals on May 11 to a new economic development practice started by the Indianapolis law firm Bingham McHale-has bounced back by hiring three people. Richard Rowley, legislative director under former Gov. Joe Kernan, joined as special counsel. Rowley will continue practicing law at Sommer Barnard, the Indianapolis law firm that hosts Ginovus. Jill Beckman was hired as director of operations. Beckman's background is in accounting, most recently at Butler Uni versity. Denise Settlemyre...
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CHRIS KATTERJOHN Commentary: A word to the generally assembledRestricted Content

May 14, 2007
Like everyone else who's interested in these sorts of things, I have my opinions about the recently completed 2007 session of the Indiana General Assembly. Considering how long it took lawmakers to get on track, they accomplished some reasonably important business when it got down to the wire. Aside from the all-important balanced budget, tops on my list is the 44-cent increase in the cigarette tax. It should've been higher, but this will do for a start. For all you...
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Back from key conference, leaders focus on follow-up: Life science delegation faced big task: standing out among 20,000 attendeesRestricted Content

May 14, 2007
Peter Schnitzler
The Indiana Economic Development Corp. spent the last six months preparing for the May 6-9 Biotechnology Industry Organization convention, the life sciences industry's biggest annual event. Now that it's finished, the hard part begins. "You build the relationship and you get the contacts," said Indiana Secretary of Commerce Nathan Feltman. "But then you've got to aggressively follow up to get them here in Indiana." More than 20,000 of the life sciences sector's movers and shakers converged in Boston for the...
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Rescue for MSA site fell shortRestricted Content

May 14, 2007
Cory Schouten
A high-profile local firm that quietly negotiated last fall to salvage the stalled redevelopment of the Market Square Arena site abandoned its plans when the city decided instead to solicit new proposals early this year.
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Commentary: A plea for bio-focused policies:Restricted Content

May 14, 2007
Brian Williams
Commentary A plea for bio-focused policies On April 2, in a 5-4 decision, the U.S. Supreme Court ruled that carbon dioxide is a pollutant under the Clean Air Act and can be regulated by the Environmental Protection Agency. While the ruling acknowledges the obvious, it offers a compelling rationale for Indiana elected officials to create an economic development strategy that leverages Hoosier intellectual capital and one of the state's greatest assets, our farmland. With the scope of the twin challenges...
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THERE OUGHT TO BE A LAW: Why one vote counts more than all the restRestricted Content

May 14, 2007
Ron Gifford
Personally, I figured the baboonprint wallpaper justified the new law all by itself. Seriously, after the whole "jungle room" decorating uproar at the governor's residence last year, wasn't it obvious that unregulated interior designers were a threat to our very way of life? Your General Assembly sure thought so, and this session the Indiana House and Senate overwhelmingly passed new licensing and certification standards for these decorators-including criminal penalties for impersonating a "registered interior designer." Well, a funny thing happened...
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Interactive poised to make incentives pay: Communications software-maker to add 637 jobsRestricted Content

May 7, 2007
Peter Schnitzler
Interactive Intelligence Inc. has come full circle. On May 2, Marion County's Metropolitan Development Commission was slated to review a 10-year property tax abatement for the communications software maker. If the incentive is approved, Interactive Intelligence plans to use it to hire 637 people at an average of $32.50 per hour. According to its filings with the city, the company also will build a $15 million, 154,000-square-foot building next door to its current headquarters near Interstate 465 and West 71st...
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EYE ON THE PIE: Earnings per job up, but not all is wellRestricted Content

May 7, 2007
Morton Marcus
Economic development is all about gaining jobs and increasing earnings per job. The U.S. Bureau of Economic Analysis (BEA) just released county level earnings and employment data for 2005. "Who cares?" you say. "You should," I say. "These are the most comprehensive reports for more than 3,000 U.S. counties. They help explain how county economies are performing and the dynamics of change." "But they're old data," you say. "First, 2005 has to end before we can have data for the...
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Biz interests scored legislative winsRestricted Content

May 7, 2007
Peter Schnitzler
The Indiana Economic Development Corp. did OK in the just-completed legislative session. IEDC received $96 million it can now dole out as business grants. And lawmakers had authorized tax credits worth millions more for the commercialization of new...
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Design changes afoot for state Web pages: Online renovation includes search-engine upgrade that features Scott Jones' ChaCha instead of GoogleRestricted Content

May 7, 2007
Scott Olson
A redesigned state Web portal unveiled last month should make it easier for Hoosiers to plow through mounds of government minutia. But, more important, the revamping set to be finished in mid-2008 represents a major shift in state policy. By contracting with locally based ChaCha Search Inc.- tech entrepreneur Scott Jones' new humanassisted Internet search engine-the state no longer relies solely on big, name-brand computer technology such as Microsoft. "We have somebody who is local and excited about taking the...
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MICKEY MAURER Commentary: The classy dame is still classyRestricted Content

May 7, 2007
"Pat Miller is a classy dame." Michael S. Maurer, Indianapolis Star, Dec. 13, 2005 The above response to an Indianapolis Star reporter on the occasion of Pat Miller's resignation as secretary of commerce was meant with all sincerity to be complimentary but was morphed by Indianapolis Star columnist John Ketzenberger into a slur on the order of Don Imus or Howard Stern. The Star piled on with a letter to the editor from someone who does not even live in...
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Pension changes fill state's VC coffer: Indiana Investment Fund has $155 million to pour into Hoosier companiesRestricted Content

April 30, 2007
Peter Schnitzler
The diversification of the state's two enormous public pension funds into private equity is transforming Indiana's venture capital sector. And their $155 million Indiana Investment Fund is the largest factor in the equation. If it's successful, the Indiana Public Employees' Retirement Fund and the Indiana State Teachers' Retirement Fund will save Hoosiers untold millions of dollars and help launch a host of new high-tech companies. If it's not, taxpayers will one day have to foot the bill. Indiana State Budget...
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Embarking on a new Venture: New leader planning progressive changes at center, not a total revampingRestricted Content

April 30, 2007
Scott Olson
The new leader of the Indiana Venture Center is beginning to put his stamp on the not-for-profit that mentors promising startups. James Eifert, 64, is the former president of Terre Haute-based Rose-Hulman Ventures who took charge of the center in December following the July resignation of Steve Beck. Beck left to become co-managing director of IVC Equity Partners, a new local seed-capital fund. Chief items on Eifert's to-do list are broadening the donor base, revamping the Venture Center's proprietary network...
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Indiana turns up schmoozing effortsRestricted Content

April 16, 2007
Peter Schnitzler
Economic development officials say networking is the first step in a process that, when successful, leads to industrial plant expansions and company headquarters relocations. Travel, food, gifts and entertainment, they argue, are a necessary cost of attracting jobs to Indiana.
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Local companies get Taiwanese perspective: Butler University program brings 23 interns to IndyRestricted Content

April 16, 2007
Scott Olson
The java stands Hubbard & Cravens Coffee Co. opened a year ago within Clarian Health Partners' three downtown hospitals are brewing a rich aroma of results. Yet executives of the locally based coffee retailer and wholesaler know sales could be sweeter. "The hospitals are so huge that we don't capture even a third of what we could," said Marcie Hubbard, director of store operations. "So the question is, how do you reach everybody in that entire hospital?" The 23 Taiwanese...
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VIEWPOINT: Cultivate your young talent for successRestricted Content

April 16, 2007
Molly Wilkinson
When was the last time you gave someone a break? I don't mean the last time you stopped your car to let a convention attendee safely cross the street. Think back to the last time you made a difference in someone's career-a young person's career. The truth is, you probably manage at least one younger employee who is eager for a break, a promotion or a little more autonomy. Maybe you tried to give your up-and-comer a project to run...
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Competition drives hospital chief: Lennen labors to grow hospital, county to stay ahead of Indianapolis peersRestricted Content

April 16, 2007
J.K. Wall
Competitive. That's how Shelbyville community leaders describe Tony Lennen. Indeed. Any CEO of the city's Major Hospital needs to be. Shelby County residents can, in just 20 to 45 minutes, drive up Interstate 74 or Interstate 65 to any of Indianapolis' large hospitals, many of which boast massive marketing budgets and stables of specialists. But in nearly 14 years at the helm of Major Hospital, Lennen has found creative ways to boost profits, enhance technology, woo specialists and even-through aggressive...
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STATEHOUSE DISPATCH: Action will focus on three bills in dash to the finishRestricted Content

April 9, 2007
Ed Feigenbaum
This week will see the final round of action by the House on Senate bills and the Senate on House bills, and then the real work of the Legislature begins. Legislation that has passed both chambers in different forms may be reshaped in a manner acceptable to both, and legislation that has passed only one chamber remains eligible for inclusion in related bills and final passage by both the House and Senate. Few people gave much credence to this year's...
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MICKEY MAURER Commentary: He's homeless but willing to workRestricted Content

April 9, 2007
For the last two years, I looked forward every morning to the walk west on Washington Street on the way to the Indiana Economic Development offices across the street from the Statehouse. The exercise was invigorating, and inevitably I encountered friends with whom I enjoyed brief conversations. It was fun to breathe in the sights and smells of a great city coming to life. At Illinois Street I marked the progress of the Conrad Hotel, a Kite development that aspires...
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High-tech 21st Century funding in doubtRestricted Content

April 2, 2007
Peter Schnitzler
The first version of the $25.6 billion state budget, passed by the Democratic majority in the Indiana House of Representatives Feb. 22, didn't include any money for the Indiana 21st Century Research and Technology Fund, which provides financial assistance to promising high-tech startups.
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