Economy

VOICES FROM THE INDUSTRY: Talent, education are keys in competitive field of designRestricted Content

November 7, 2005
Tony Mediate
"Individuals with little or no formal education in design, as well as those who lack creativity and perseverance, will find it very difficult to establish and maintain a career in the occupation," warns the department through its currently posted Bureau of Labor Statistics Outlook. While I do suggest that designers of the future should take their career outlook seriously given the current and expected competition, I certainly would not want to discourage them. Creativity and perseverance are among those traits,...
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Dan Wendorff PC Eye Care: Optometrist has vision for growth Not content with status quo, doctor-turned-businessman sets his sights on expansionRestricted Content

November 7, 2005
Jo Ellen
Not content with status quo, doctor-turned-businessman sets his sights on expansion When Dan Wendorff was a kid, he thought he wanted to be a pharmacist like his father. But, "I was always interested in the eyes and excelled in physics and sciences," so when a high school friend suggested optometry, it stuck, said Wendorff, owner of Dan Wendorff Eye Care. His practice leases space and provides eye care services at two area offices of LensCrafters, an Ohio-based franchise. Wendorff, a...
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PLAN OF ATTACK: Anderson's leaders are working to exorcise the ghosts of GMRestricted Content

October 31, 2005
Anthony Schoettle
Four 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...
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Startups offered a fast track: Motorsports-themed incubator gets green light in BrownsburgRestricted Content

October 31, 2005
Matthew Kish
Hendricks 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,...
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ECONOMIC ANALYSIS: State's economy humming, so why do we feel gloomy?Restricted Content

October 31, 2005
Patrick Barkey
The days are shorter, the temperatures are colder, and the leaves are falling off the trees. For most normal people, that means it's time to start carving pumpkins, planning for holidays, or even watching the World Series. But for economists, it means something else entirely. It is the beginning of forecasting season. It's a time when organizations of all kinds are thinking about what they can expect in the coming year. For most of us, the state of the economy...
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BULLS & BEARS: It's not time to lose faith; stock market will be backRestricted Content

October 31, 2005
Dave Gilreath
Two weeks ago, this column was about the bird flu. Most likely, when you look at your October brokerage statement in the next week or two, you'll feel the symptoms. You'll feel a bit puny, tired, achy and feverish. You're tired of looking at weak statements, achy from getting punched by your stocks, and nearly feverish when you look at your statement's stagnant bottom line. It's no wonder you feel queasy. As this is being written, the Dow Jones Industrial...
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Public markets are sometimes a double-edged sword: Many companies enjoy access to capital, but others complain regulatory compliance costs are just too highRestricted Content

October 31, 2005
Peter Schnitzler
For young and growing companies, initial public offerings are a bit like climbing a mountain: a long, harsh toil to reach a distant summit. But planting a flag at the peak isn't enough. To make the journey worthwhile, companies must stay there. The payoff can be enormous, in the form of ready access to capital. But operating at such a high altitude requires careful footing. And the effort costs more than some can afford. "It's a double-edged sword," said George...
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ECONOMIC ANALYSIS: Bankruptcy of Delphi Corp. isn't all bad news for stateRestricted Content

October 24, 2005
Patrick Barkey
The long-anticipated bankruptcy filing of Delphi Corp. has sparked yet another discussion of the viability of manufacturing as a pillar of the Indiana economy. Such discussions, unfortunately, have become commonplace in many communities across the state in the last 10 years, in the wake of other troubling developments. Most of us know the face of manufacturing has changed across the state, but to see the world's largest auto-parts manufacturer-once part of mighty General Motors Corp. itself-succumb to this fate is...
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Kipps Brothers still evolving after 125 years

October 24, 2005
Candace Beaty
Walk through the Kipp Brothers showroom and you’ll find the makings of one heck of a birthday celebration: gag gifts galore, endless sugary treats and headgear that puts the traditional party hat to shame.
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BULLS & BEARS: Past pandemics didn't deflate stock marketRestricted Content

October 17, 2005
Dave Gilreath
The fear du jour is the Avian Flu and the potential for the mother of all global pandemics. In November 2004, the World Health Organization said an influenza pandemic was "inevitable," and in May of this year scientists predicted it could strike as much as 20 percent of the world's population! Recently, news media have shown pictures from Asia of crates of dead birds and reported new predictions, ranging from 5 million to 150 million human deaths. Hundreds of millions...
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Bruce R. Frank & Associates LLC: Business, basketball give adviser a leg up International perspective useful for Indianapolis consulting firmRestricted Content

October 17, 2005
Della Pacheco
At 6 feet 8 inches, consultant Bruce R. Frank is an imposing figure. But it's the 30 years of business experience the former professional basketball player has accumulated that he says helps him tower over his competition. Frank, 51, is the founder of Bruce R. Frank & Associates, an Indianapolis-based consulting group that helps life-sciences companies develop business strategies. So far, he has found most of his clients outside Indianapolis: Frank spent seven months on the road last year. The...
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Celadon Group's foray into e-commerce rolls on: Demand by truckers for discount fuel helps propel TruckersB2B despite flattened tire businessRestricted Content

October 17, 2005
Chris O\'malley
TruckersB2B Inc. ought to have been among the road kill of the technology bust of 2000, when the restless ghost of Adam Smith dope-slapped investors out of their hypnotic drool over anything high-tech. But unlike scores of dubious e-commerce ventures, the 5-year-old Web site offering small to midsize trucking fleets group discounts on everything from fuel to tires turned out to be built on a sustainable business model. The Indianapolisbased business now claims more than 19,000 participants representing 445,000 trucks....
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ECONOMIC ANALYSIS: Smaller communities face largest economic obstaclesRestricted Content

October 17, 2005
Patrick Barkey
The population statistics tell the story-we are a nation of cities. Nationwide in 2000, almost 80 percent of us lived in what the Census Bureau considered urban areas. Yet Indiana has more small cities, and more people who live in rural areas, than do many other states. In 2000, nearly 30 percent of us lived outside urban areas, compared with the national average of 21 percent. And of our 92 counties, 38 have fewer than 30,000 people, with 19 of...
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In a race for robotics: Crash doesn't quell Jones' hope of building new industryRestricted Content

October 17, 2005
Peter Schnitzler
One day in the not-so-distant future, robot drones will drive the military's supply vehicles through dangerous war zones. They'll pilot tractors across farm fields and steer plows as they scrape snowy highways. Automatic cars will even whisk you to and from work. High-tech entrepreneur Scott Jones, 44, believes with a zealot's fervor this all will happen. More than a gee-whiz observer, the man who helped invent voice mail hopes to establish a robotic vehicle business-and ultimately the robotic vehicle industry-in...
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CHRIS KATTERJOHN Commentary: LaSalle economist holds courtRestricted Content

October 17, 2005
Now that President Bush has named both his candidates for Supreme Court vacancies and one has been confirmed, we can expect news soon of an appointment that is more important to businesspeople and markets. That would be the replacement for Alan Greenspan, chairman of the Federal Reserve Board, who retires Jan. 31. Greenspan has been in his seat 18 years and has presided over a period of strong economic growth, low inflation and interest rates, and a tremendous stock market....
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TOM HARTON Commentary: Luring people with bricks, mortarRestricted Content

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...
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Backing home again: CID changes out-of-state course, invests $50M in IndianaRestricted Content

October 10, 2005
Peter Schnitzler
Indiana'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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ECONOMIC ANALYSIS: Economy likely to purr on despite hurricane mayhemRestricted Content

October 10, 2005
Patrick Barkey
Did your company miss its earnings targets last period? Or did your household spend a little too much on your last vacation? Or maybe you've just added a few extra pounds on your waistline recently. Then you should do what just about everyone else is doing-blame it on Katrina. It seems as if every disappointing result in the economy is being blamed on the big storms that have rolled in from the Gulf of Mexico in the last six weeks....
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VOICES FROM THE INDUSTRY: Bubble won't burst on commercial real estate investorsRestricted Content

October 10, 2005
David Funke
Winding down his remarkable tenure as chairman of the Federal Reserve, Alan Greenspan seems to have chosen "real estate bubble" as one of the themes of his swan song. And with housing prices in some cities soaring, the rest of us as mere mortals can reasonably wonder how long it will be before the bubble bursts and what will be the fallout if and when that happens. Many private equity investors with holdings in commercial real estate are beginning to...
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ECONOMIC ANALYSIS: Lack of fiscal discipline casts cloud over futureRestricted Content

October 3, 2005
Patrick Barkey
There's been a resurgence of interest in the founding fathers of our country, judging from the best-seller lists. As some have written, not all those men we idolize today as founders of our great democracy were equally excited about the prospect of turning government over to the masses. In fact, some were downright terrified. They feared popularly elected governments would quickly go bankrupt spending their way to popularity. Now more than 200 years into the great democratic experiment, we're hardly...
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Atlas tenderloin tradition lives on: Family pays homage to 'sticker lady' at Carmel deliRestricted Content

September 26, 2005
Scott Olson
But her connection to the grocery runs deeper. Her mother, Debbie Davis, was an Atlas institution, earning her "sticker lady" nickname from children who received the treats she kept in a toy treasure chest at her register. Debbie died in June 2004 at age 52, following a prolonged battle with breast cancer. In her memory, husband Mike Davis created the "Debbie's Make You Smile Fund" to benefit the Indiana University Cancer Center. It is supported by the sale of the...
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ECONOMIC ANALYSIS: Data thin on rural areas, and likely to get worseRestricted Content

September 26, 2005
Patrick Barkey
There was a time in this country when cities had electricity and the countryside did not. This side-by-side existence of two lifestyles-one filled with leisure and convenience, another with endless drudgery and work-ultimately shamed the federal government to subsidize rural electrification and turn lights on in the country that had been burning in cities for several decades. That same situation exists today for broadband Internet, and its implications for economic development have already motivated many communities to pursue plans to...
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VIEWPOINT: 40 years after Civil Rights, opportunity callsRestricted Content

September 26, 2005
Jesse Moore
As the Civil Rights Act turns a middleage 40 this year, it's time to celebrate accomplishments and consider the future. From a business and higher education perspective, we've witnessed a major turnaround. Many companies and institutions seek out minority businesses and students now. Those that are well-prepared can use the opportunity to succeed and make a big difference for our state and nation. Altruism and fairness may lie beneath some of the change, but it also just makes good economic...
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So far, VC deals scarce: BioCrossroads: Networking should spawn commitmentsRestricted Content

September 26, 2005
Peter Schnitzler
Almost two years ago, in October 2003, BioCrossroads debuted its $73 million Indiana Future Fund. In the time since, just three Indiana startups have received IFF-backed investments. But it's not for BioCrossroads' lack of trying. Both in public and behind the scenes, BioCrossroads is working diligently to put promising local life sciences prospects in front of venture capitalists. This year, BioCrossroads has already held two well-publicized Indiana Future Fund Entrepreneurial Forums: the first in April at Purdue University in West...
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BULLS & BEARS: Katrina crisis highlights need for self-sufficiencyRestricted Content

September 19, 2005
Dave Gilreath
No one really knows how Katrina is going to affect the economy. Some economists say it will be a whopper of a negative while some are convinced-and convincing-that she ultimately will be positive for GDP. But based on the fact the stock market, which is the great predicting machine, advanced a couple of percentage points in the week following the disaster, I'd have to go with the positive bet. The slow response and evacuation snafus were one problem, but the...
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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