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Manufacturing & Technology
Cross-border investment in real estate on the rise: Local brokerages playing a role in growing trend
February 19, 2007
Jennifer WhitsonIn 2006, $645 billion was sunk into real estate investments across the globe, according to a recent Cushman & Wakefield report.
Of that, $187 billion was sent across borders to invest. And companies everywhere are chasing the most cost-effective spots
to locate factories and needed hubs for office space. With all that cash changing hands, several locally based companies have
made sure they're positioned to help play a part. Take Indianapolis-based HDG Mansur, for example. In the field for 25...
MoreEx-Norwood execs say company cheated them out of millions
February 19, 2007
Jennifer WhitsonIndianapolis-based Norwood Promotional Products is facing legal challenges from a half-dozen former executives who say board
members and investors conspired to fire them, withhold severance pay and cheat them out of as much as $3.6 million in company
stock.
MoreLocal software maker teams with Microsoft
February 19, 2007
Peter SchnitzlerAutobase Inc. has inked a partnership with tech heavyweight Microsoft Corp. that might fuel growth for the Indianapolis-based
marketing-software maker. The deal will allow Autobase to piggyback its software on Microsoft's as the Seattle company launches
products aimed at auto dealers.
MoreCalendar publisher wants to power his factory with wind
February 12, 2007
Chris O'MalleyThe Time Factory founder and CEO Jim Purcell wants to erect a 150-foot-tall wind turbine above his calendar factory near 62nd
Street and Georgetown Road. Purcell figures the $200,000 contraption could power 60 percent--if he's lucky, maybe 80 percent--of
his 22,000-square-foot facility.
MoreTechnology-friendly legislation quietly advances: Bills could spur patent commercialization and more
February 12, 2007
Peter SchnitzlerA handful of bills pending in the General Assembly could have a major impact on Indiana's high-tech sector. Legislation under
consideration could stimulate increased commercialization of patented Indiana technology, channel more money toward development
of alternative fuels, require regular review of Indiana's certified technology parks, and more. Tech leaders are optimistic
about the chances their agenda will be approved. "It's the reason we married up with CICP," said Ron Brumbarger, chairman
of TechPoint, a trade association for Indiana high-tech companies....
MoreForensic engineering firm seeks defense work: New initiative hopes to help other local firms follow in Wolf Technical's footsteps
February 12, 2007
Peter SchnitzlerAfter 30 years in the forensic-engineering business, Wolf Technical Services Inc. has analyzed everything from deadly car
crashes to patent infringement. Now, Indianapolis-based Wolf is hoping to diversify into a new area: federal defense contracting.
It's a field local corporate leaders hope Indiana will tap much more frequently in the years to come. "We don't quite know
at the moment where this could lead," said Wolf Director of Client Relations Joseph Ward. "And that's the fun part." The 30-employee
Wolf's...
MoreExpanded recycling catches on in manufacturing sector
February 12, 2007
Tammy LieberIn manufacturing and industrial-heavy central Indiana, companies are beginning to realize that "going green" can translate
into another kind of green--money. Reaching beyond the standard glass, paper and metal, markets are developing for a variety
of materials, from tiny bits of processed rubber to leftover cornstarch.
MoreUniversity Loft finds growing niche in hospitality industry: Indianapolis-based furniture manufacturer known for college products
sees big potential in hotel segment
February 12, 2007
Scott OlsonThe University Loft Co.'s graduation from dormitory to hotel-furniture maker is beginning to show promise. While the Indianapolis-based
manufacturer's bread and butter remains campus furnishings, its decision to enter the hospitality market in 2003 has CEO James
Jannetides thinking big-as in presidentialsuite big. In four years, the ULC Hospitality division has grown to account for
nearly 10 percent of the company's $100 million annual revenue. Jannetides, though, envisions the branch's eventually contributing
half in his quest to someday make ULC...
MoreLawrence turns down rezoning for vacant drive-in: Developer and city working on a compromise
February 5, 2007
Jennifer WhitsonA developer wanting to breathe new life into a long-vacant drive-in theater along Pendleton Pike is working to change the
minds of Lawrence leaders who already have said no thanks. New York-based Norry Management Corp. is leading an effort to redevelop
the 93-acre property for retail, office and industrial uses. But its plans faced a setback last month when a rezoning petition
got a negative response from officials concerned about what might end up there. Lawrence City Council members voted...
MoreEYE ON THE PIE: Where are the best-paying jobs?
February 5, 2007
Morton MarcusWhere is the best place to work if all you consider is money? Where are the wages and salaries plus benefits paid by employers
the highest? We have data from the U.S. Bureau of Economic Analysis that help us answer the question. The data refer to 2005,
the latest year available, and do not include self-employment; thus, only jobs working for someone else are counted. And remember,
these data are by place of work, not place of residence. Where are...
MoreTech firm Powerway seeking rebound
February 5, 2007
Peter SchnitzlerPowerway Inc., the Indianapolis-based maker of manufacturing quality-control software that grew like gangbusters in the 1990s
and aimed for an initial public offering, has endured a dog of a half-decade. But that soon could change. Powerway just hired
an IT industry turnaround expert as CEO.
MoreGenerator-maker finding new ways to get energy
January 29, 2007
Chris O'MalleyI Power Energy Systems, which makes natural-gas-powered electric generators that are the primary power source of corporate
and college campuses, is a novelty in Indiana. After all, coal is still a cheaper source of electricity than is natural gas.
But I Power is developing applications for electric generators that burn biogas from sources ranging from garbage to ground-up
corn.
MoreGiant Ford plant could join warehouse conversion trend: Observers say size, age may be obstacles
January 29, 2007
Jennifer WhitsonCity officials haven't given up hope on keeping 1,400 lucrative manufacturing jobs at an Indianapolis steering parts plant,
but Ford Motor Co. has. The company this month said it will close the facility by the end of 2008. A closure will leave the
1.8-millionsquare-foot building empty, but real estate observers say it could be redeveloped as leaseable industrial space-as
shuttered Chrysler, Maytag and Western Electric factories nearby have been. Some of the premier projects in the area are leasing
well,...
MoreCorporate shopping spree: Massive Guidant deal helps make 2006 a record-setting year for local M&A activity
January 29, 2007
Scott OlsonLast year was a record-shattering period for the Indianapolis-area merger and acquisition market, thanks in large part to
the loss of one public corporation. Guidant Corp.'s acquisition by Boston Scientific Corp. for $28.4 billion last year and
the related sale of its vascular business to Abbott Laboratories for $4.1 billion made the 2006 Big Deals list bigger than
ever. That's because the two deals made up about 85 percent of the $38.5 billion of M&A activity tracked down by the...
MoreChocolatier maintains steady routine between busy seasons
January 29, 2007
Lisa GerstnerEach week at David Alan Chocolatier in Lebanon, three employees make a different variety of chocolate truffles, nut clusters
and other chocolate-laden delights. Alan uses 7,000 pounds of chocolate a year to make his products out of the renovated gas
station he has operated at since 1984.
MoreBULLS & BEARS: Are ingredients in place for a market 'melt-up'?
January 22, 2007
Dave GilreathA couple of years ago, I quoted legendary market analyst John Mendelson, who predicted the "mother of all short squeezes,"
causing a market "melt-up." So far, nobody would say we've experienced anything resembling a melt-up. In the two years since
Mendelson's report, I haven't seen the words "melt-up" used. That is, until the last couple of weeks, when I saw it twice.
In early January, Barron's columnist Michael Santoli was describing the state of the market. He said valuations by...
MoreRETURN ON TECHNOLOGY: We need less of 'cool' and more of 'can do'
January 22, 2007
Tim AltomI've been accused of being both technology-besotted and technology-averse. I'm neither one. I'm just interested in using technology
in appropriate ways. I'm fond of reminding people that a pair of scissors is perfect for a job that a pair of scissors can
do. Scissors don't need Tim Allen-style enhancements. An example popped up from reading "The Soul of a Chef," by Michael Ruhlman,
where I ran across the statement by a young chef that a computer system made the difference...
MoreECONOMIC ANALYSIS: Our love-hate relationship with globalization boom
January 22, 2007
Patrick BarkeyOur generation didn't invent globalization, but we've certainly moved it to a new level. Even here in the isolated Midwest,
it's hard to find a product, a job or a community that hasn't been affected by the high degree of connectivity among customers,
businesses, and buyers and sellers of all kinds around the globe. We've enjoyed a cornucopia of incredible new products-from
cell phones to flat-screen televisions to microprocessor-laden automobiles-that have had many or all of their principal parts
made...
MoreTemp agency jumping into training, construction: Latino-owned Aztec Group's first foray is three-year project to fix up warehouse
complex on near-east side
January 22, 2007
Jennifer WhitsonWhen Rod Webb moved to the United States from Mexico in 1982, his plan was to make a career as a salesman for an Indianapolis
industrial chain manufacturer. But a short stint volunteering for a group that aided migrant workers planted another seed
that's now bearing fruit. After eight years running a temporary employment firm that specializes in offering Hispanic employees
alternatives to field work, Webb is embarking on an ambitious plan to transform a dilapidated east-side warehouse complex
into...
MoreCollege targets dropouts with new program: Ivy Tech offers high school failures chance to get degree, pursue higher education
January 15, 2007
Chris O\'malleyIvy Tech Community College this month launched a pilot program that allows high school dropouts to earn their diplomas while
simultaneously working toward a certificate or associate's degree in college. Intended to improve the state's labor pool,
and as a lifeline to dropouts facing a dismal life in the earnings underclass, it will first be rolled out in Bloomington,
Lafayette and Terre Haute. The Indianapolis campus also will offer the program aimed at those 19 or older, although a date...
MoreFortville firm's helmet pads protect U.S. troops
January 8, 2007
Chris O'MalleyFortville-based Genesis Manufacturing makes helmet pads for U.S. troops through Colorado-based Skydex Technologies, which
won a contract this fall with the U.S. Air Force for 120,000 helmet pad kits. Most of the helmets have wound up in Iraq, where
the military has discovered soldiers need something more than Kevlar-lined helmets to survive roadside mines and exploding
Toyotas.
MoreLabor sector diversification could spur local economy: $200,000 study targets finance, retail and construction
January 8, 2007
Peter SchnitzlerSexier industry sectors like life sciences or motorsports get all the press. But to remain robust, the Indianapolis Private
Industry Council believes, the area economy needs diversification. The 23-year-old work-force-training not-for-profit believes
the nine-county area also should target three tried-and-true industries: finance and insurance; retail, hospitality and restaurants;
and construction. IPIC, whose $9 million annual budget comes from public and private grants, plans to spend $200,000 during
the first quarter studying the three sectors, which collectively employ 270,000 people in...
MoreCICP's chief launches raft of initiatives:
January 1, 2007
-Peter SchnitzlerIn January, Mark Miles returned to Indianapolis after more than a decade at the helm of the Association of Tennis Professionals
to become CEO of the Central Indiana Corporate Partnership. Twelve months later, the CICP looks much different than it did
under his predecessor David Goodrich. And it could soon change even more. A former Eli Lilly and Co. executive and aide to
Dan Quayle, Miles, 53, has been one of the key players in the potential consolidation of the...
MoreCarmel company helps clients determine next big thing
December 25, 2006
Justin HesserThe employees of production-innovation consultant Insight2 interview customers, but they also watch and videotape them using
various products. That footage then is dissected to see how consumers deal with problems they encounter. More times than not,
the result is a new product intended to satisfy needs consumers didn't even know they had.
More'Old fashioned' values manufacture Motionwear's growth: Acquisition should fuel leotard-maker's expansion
December 18, 2006
Peter SchnitzlerIt might seem as though the low cost of labor overseas has shifted the entire U.S. textile industry to Asia, never to return.
Indianapolis-based leotard-maker Motionwear Inc. proves otherwise. The 120-employee company was acquired this month by the
Italian sportswear firm FILA for an undisclosed sum and, as a result, it's poised to expand locally. Tom Wilson started the
company in his attic in 1988 because his daughter Erin, an aspiring dancer, couldn't find performance apparel she liked in
retail...
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.