Small Business

Competition soars at Indianapolis-area airports

July 19, 2014
Chris O'Malley
An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.
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Former newspaper editor now telling stories on screen

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 start

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 lessons

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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Tricky transition: Pillows balance family, business as son preps to take over

July 5, 2014
Dan Human
Even before taking over, Eddie Pillow is making changes at the logistics and courier company his dad started in 1988.
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Indy Chamber fights shrinking membershipRestricted Content

July 5, 2014
Kathleen McLaughlin
The chamber has lost 19 percent of its members since the start of 2011, even while other chambers of commerce around the country see renewal rates recovering along with the economy.
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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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Reimbursement snag trips up local DNA testing firmRestricted Content

June 28, 2014
J.K. Wall
Strand Diagnostics LLC's Know Error test uses DNA analysis to make sure a tissue sample that has been declared cancerous does, indeed, belong to the patient doctors think it does. But Strand is having trouble convincing Medicare that the test is medically necessary.
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Flex-office operator adds 58 suites in Mass Ave area

June 24, 2014
Scott Olson
Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.
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Fishers health analytics firm to expand, add workers

June 24, 2014
 IBJ Staff
Healthiest Employers LLC plans to move software development to its Fishers headquarters in an expansion that will add up to 90 jobs by 2017.
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Angie's List Grand Prix sponsorship targets service providers

June 21, 2014
Dennis Barbosa
It was no surprise that the Indianapolis Motor Speedway approached the Indianapolis-based consumer-review service about sponsorship of the Grand Prix of Indianapolis before the inaugural event in May. But the first response from Angie’s List CEO Bill Oesterle was no.
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Record number of Hoosier upstarts hunt for investorsRestricted Content

June 21, 2014
Dan Human
Indiana companies are lining up for private investments in record numbers—a trend driven by the growth of dozens of Indianapolis technology companies that have left the startup stage and want to quickly hire and expand.
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Fledgling local organization crusading for innovationRestricted Content

June 21, 2014
Greg Andrews
Jerry McColgin saw firsthand the power of innovation during his 15 years at Whirlpool Corp., starting on the factory floor and working up to lead an Evansville-based team of 35 people scattered across 17 countries.
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Carmel retailers play defense against U.S. 31 construction

June 19, 2014
Andrea Muirragui Davis
Business has skidded for some eateries along the corridor as work crews transform it into a limited access highway. Proprietors are reaching out to customers with promotions but gripping the bottom line.
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Housing developer hopes farm hooks new residents

June 7, 2014
Kathleen McLaughlin
A growing number of housing developers thinks farms, rather than golf clubs, are the perfect hook to lure residents. The first to experiment with the concept in central Indiana is Mike Higbee of Central Greens LLC, with his Seven Steeples Farm on the site of the old Central State Hospital.
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Former restaurateur Peter George partnering on small new eatery

June 7, 2014
Scott Olson
George, 60, is targeting an August opening for Tinker Street, a chef-driven and plant-based concept he’s launching with business partner Thomas Main, 56, who also has a restaurant background.
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Surge in craft breweries strains hops supply

May 31, 2014
Scott Olson
Hops, used as a flavoring agent, are in high demand by microbreweries that need the crop to give their pale ales and other varieties more taste than what’s found in traditional mass-market beers.
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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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Sparks fly as high-tech RV-maker parts ways with CEORestricted Content

May 17, 2014
Greg Andrews

Charles Hoefer Jr. charges in a lawsuit that he was fired as CEO of Global Caravan Technologies as part of a conspiracy by other company insiders to defraud him of “rightful majority ownership."

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Angie’s List namesake extends company brand with nationwide how-to segments

May 17, 2014
Chris O'Malley
Chief Marketing Officer Angie Hicks-Bowman spends an hour and a half each month recording consumer-advice segments hat are downloaded by more than 100 television stations around the country and incorporated into their own consumer news segments.
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MacAllister Machinery gearing up for new HQ on southeast side

May 14, 2014
Scott Olson
The Caterpillar dealer is seeking to expand with new corporate offices and sales and service facilities on more than 130 acres of land near the interchange of Interstates 465 and 74.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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