Entrepreneurship

Star caterer Jack Bayt on upswing after tumbleRestricted Content

August 23, 2014
Sam Stall
Six years after having the area's largest catering business sold out from under him, Jack Bayt is back, leading a revamped Crystal Catering. But the new iteration is much smaller than in the days when Bayt and his partners wanted to become a regional or even national player.
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Builders Estridge and Davis rebound from bust, run own firms againRestricted Content

August 23, 2014
Scott Olson
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
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Broad Ripple lawyer represents cyclists involved in personal injury accidentsRestricted Content

August 23, 2014
Anthony Schoettle
Indianapolis attorney Tim Caress’ desire to combine his after-work passions with helping people whose “lives have been turned upside down” resulted in his rolling—and running—into a new and growing line of business.
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Hendricks County pitching motorsports skill, expertise to medical manufacturers

August 16, 2014
Anthony Schoettle
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
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Family peanut-butter venture sees sales take off

August 9, 2014
Andrea Muirragui Davis
B. Happy Peanut Butter is a hit at the summer market—and then some. Available at more than a dozen retail outlets in central Indiana, its seven varieties of hand-packed PB could produce sales of $100,000 this year.
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Startup objects to IndyGo's no-bid deal with rival

August 2, 2014
Kathleen McLaughlin
An Indianapolis software startup that hopes to win contracts from public-transit agencies across the country is protesting a no-bid deal by IndyGo.
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Homegrown Krazy Klothes defies overseas-made clothing trend

July 26, 2014
Sam Stall
Owner Dan Murphy's more-than-two-decades-old, Indianapolis-based company is something of an anachronism—a small-scale domestic clothing manufacturer doing business in a field dominated by Asian-based titans.
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Bar owner alleges racism in lease dispute

July 26, 2014
Scott Olson
The owner of a nightclub in the heart of Broad Ripple believes his landlords nearly doubled his rent for just one reason: to force him and his mostly African-American clientele from the building.
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Former newspaper editor now telling stories on screenRestricted Content

July 19, 2014
Anthony Schoettle
Documentary filmmaker Ted Green recently completed production of “Bobby Slick Leonard: Heart of a Hoosier,” a 90-minute documentary that will debut at Bankers Life Fieldhouse July 29.
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Drone startup off to flying startRestricted Content

July 19, 2014
Dan Human
Two friends and drone enthusiasts in 2012 hatched the idea, as a side gig, to build flying devices small enough to fit in a briefcase. But the idea shifted to a full-scale manufacturing operation that will launch in mid-August and is projected to produce up to $10 million in revenue next year.
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Financial planner parlays meals for clients into money lessonsRestricted Content

July 19, 2014
Andrea Muirragui Davis
Joe Clark says the two things that seem to matter to people the most are food and money. He has found a way to combine the two, cooking for client families in their homes once or twice a month as he answers questions and gets to know them better.
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Veteran private investigator steps up cyber sleuthingRestricted Content

July 12, 2014
Dan Human
Overbearing spouses, disgruntled employees and corporate moles have a wide new path for spying, considering that nine in 10 adults own mobile phones. Aiding the hackers is protective software that’s thin at best.
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Chicago-made medical gel wins Innovation Showcase pitch contest

July 11, 2014
Dan Human
The Indianapolis-based expo for featuring innovations and courting potential investors crowned an unusual winner of its pitch contest on Thursday.
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Ex-Hoosier funnels millions back home to local tech firms

July 5, 2014
Dan Human
West Coast investor Parker Hinshaw and his wife, Jean Balgrosky, in 2012 founded San Diego investment firm Bootstrap Incubation LLC and in 2013 the Bootstrap Venture Fund, which have funded three Indiana companies in less than a year. A fourth deal is about to close.
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Breweries turn to outside investors to underwrite growth

June 28, 2014
Dan Human
Six breweries and two distilleries in Indiana have sought outside investments since January 2013, a few of them multiple times, federal records show. That’s up from just one brewery in both 2009 and 2010.
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Upstart chip-maker wins space on shelves of local groceries

May 24, 2014
Dan Human
Mark McSweeney launched Broad Ripple Potato Chip Co. last year out of his existing business, a franchise of Great Harvest Bread Co.
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Grab-and-go meals on menu for Patachou owner

May 21, 2014
Scott Olson
Local restaurateur and entrepreneur Martha Hoover wants to open kiosks offering healthy meals on the go in public places, including along the Monon Trail.
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Not-for-profit focused on exercise adopts novel funding modelRestricted Content

May 10, 2014
Andrea Muirragui Davis
When Tom Hanley couldn’t get large charitable foundations to support a wellness program he developed for central Indiana youth, he switched gears and adopted a fee-for-service model underwritten largely by sponsorships.
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Baker's Edge founders to test 'Shark Tank' waters

May 8, 2014
Andrea Muirragui Davis
Carmel residents Matt and Emily Griffin can expect to see a big burst in sales of their innovative brownie pan after they appear in front of celebrity entrepreneurs on ABC-TV's hit show later this month.
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Firm that figured out how to sell hair-salon products online is snapped up by giantRestricted Content

April 26, 2014
Dan Human
Indianapolis startup Loxa Beauty was barely generating revenue last year when one of the biggest companies in its industry offered to buy it.
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Chatham Tap crew buying ex-church for brewery, restaurant

April 19, 2014
Scott Olson
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
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Company conducts 'global warfare' against invisible cyber threatsRestricted Content

March 29, 2014
Dan Human
Corporate executives, shaken by fears of hackers, are enlisting Rook Security and an explosion of companies like it to monitor and chase cyber criminals across borders and recover stolen intellectual property.
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Bold developer stirs up nursing-home businessRestricted Content

March 22, 2014
J.K. Wall
Zeke Turner, the 36-year-old CEO of Mainstreet Property Group LLC—who frequently sports a boyish grin and a bold-colored dress shirt, but rarely dons a tie—said he’s “just getting started” in transforming the staid nursing home industry.
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Internet-based weather forecasters offer bolder, more detailed outlooks

February 15, 2014
Chris O'Malley
A posse of Internet-based prognosticators is offering not just forecasts but sometimes even mounds of data left open to interpretation.
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Purdue, Cook create $12M fund for life-science startups

February 4, 2014
 IBJ Staff
The Foundry Investment Fund will join with other investors to provide funding for companies that use Purdue-licensed technology or expertise in human and animal health and plant sciences.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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