Small Business

Upswing causing slowdown in startups

January 11, 2014
Dan Human
The number of newly formed Indiana companies slumped in 2013, the first such dip since the recession, but the small drop could actually be a positive sign for the economy. Established companies have more job openings than a few years ago, meaning workers have less incentive to start their own businesses, as thousands did when the economy tumbled.
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Funding drought pinches life sciences firms

January 11, 2014
J.K. Wall
Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.
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Young CEO has big plans for employee-training software firm

December 28, 2013
Dan Human
Upstart Lesson.ly, an Indy-based developer of training software, is run by a 25-year-old and is trying to cut into a $42 billion market dominated by titans such as IBM and Oracle.
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Angie's List hit with shareholder suit

December 24, 2013
Chris O'Malley
The complaint charges the company and executives with misrepresenting the strength of the Indy-based firm's business model, financial performance and future prospects.
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Therapist helps seniors, families decide when to relinquish keys

December 21, 2013
Andrea Muirragui Davis
Laura Noblitt is a Zionsville-based occupational therapist with 25 years of experience in geriatric rehabilitation. She has spent half a decade riding shotgun with elderly drivers in central Indiana, determining whether it’s safe for them to stay behind the wheel.
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Unintentional entrepreneur parlayed consumer-electronics savvy into PR firm

December 14, 2013
Chris O'Malley
Arland Communications, run by former Thomson Consumer Electronics spokesman Dave Arland, is the only area firm focused entirely on the $200 billion-plus annual consumer electronics market.
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Peyton Manning wears ankle brace designed by local entrepreneur

November 30, 2013
Anthony Schoettle
Rick Peters, founder of Carmel-based Ultra Athlete LLC—a small manufacturing firm with a reputation for state-of-the-art ankle braces—sent his latest brace to the Denver Broncos head trainer on a whim, and saw Manning wearing it three days later.
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Apple buyout in ChaCha's future?

November 30, 2013
Dan Human
Apple has applied for a patent that sounds pretty familiar to the folks at Carmel-based ChaCha Search Inc. Enough so that ChaCha founder Scott Jones has suggested that his business is well-suited for an acquisition by one of the largest companies in the world.
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Health law small-business insurance site delayed 1 year

November 27, 2013
Associated Press
The Obama administration is delaying yet another aspect of the health care law, putting off until next November the launch of an online portal to the health insurance marketplace for small businesses.
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Avon firm enters competitive video game industry to promote reading

November 23, 2013
Dan Human
An Indianapolis firm that makes software for libraries has teamed with an elementary schoolteacher to improve kids’ reading skills by using books’ longtime nemesis—video games.
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New law paves way for micro-distilleries to open across state

November 23, 2013
Sam Stall
A new state law allows Indiana distillers to obtain a permit to produce and sell spirits by the glass, bottle or case. Previously, they could sell only to distributors, never to the public.
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Digital marketer growing Indy headquarters

November 18, 2013
Dan Human
StrataBlue plans to hire 25 people in early 2014 as the firm adds services.
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Indiana-born coat-checking firm gains steam after 'Shark Tank' appearanceRestricted Content

November 16, 2013
Dan Human
Derek Pacqué, who started CoatChex in 2010, appeared a year ago on the ABC show in which entrepreneurs pitch their ideas to prominent investors. Billionaire Mark Cuban offered to invest but wanted a large ownership stake. Pacqué said no, and has since grown his company. But really, he said, the company is doing just fine without the billionaire.More

Veteran-owned business push lags goalRestricted Content

November 9, 2013
Dan Human
A city program to help veteran-owned businesses fell short of its goal for its first three years, and it looks like the fourth will be the same.
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U.S. economic growth perks up in third quarter

November 7, 2013
Associated Press
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
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Yelp making grass-roots push to boost inroads in Indy

November 2, 2013
Dan Human
Internet reviewers aren’t always the kindest people when it comes to their opinions, which is a bit intimidating for a mom-and-pop shop. But not embracing Yelp can be outright foolish as the San Francisco-based customer-review website expands its reach in Indianapolis, business owners say.
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Health law fuels modest rise in costs

October 26, 2013
J.K. Wall
It’s long been known that Obamacare would make health benefits more expensive for most employers. Now, it’s finally becoming clearer by how much: about 9 percent, on average, according to a series of actuarial studies.
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Carmel firm's bird feeders perched in 2,700 Walmarts

October 26, 2013
Andrea Muirragui Davis
Sisters Jan Long and Chris Mowery had little more than an idea in 1995 when they trekked to Kmart’s corporate headquarters to pitch a product they thought had potential: a recyclable bird feeder their father had designed to promote his plastics business. They left with their first big contract.
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Pizzeria plagiarism? Napolese suing Crust over close likeness

October 24, 2013
Scott Olson
Cafe Patachou founder Martha Hoover contends the owner of newcomer Crust in Carmel has stolen the look of her Napolese pizzerias and is confusing customers.
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Investors pour $5 million into beer technology firm

October 21, 2013
Dan Human
Carmel-based SteadyServ Technologies expects to roll out its keg-sensor system early next year and trigger an aggressive hiring phase.
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Controversial TV streamer planning to launch in IndyRestricted Content

October 19, 2013
Chris O'Malley
A digital streaming service that television broadcasters deem so threatening they recently petitioned the U.S. Supreme Court for help plans to enter Indianapolis next year.
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Tech companies building a charitable nicheRestricted Content

October 19, 2013
Dan Human
An emerging group of software companies focused on serving charities—combined with the fact the city is home to the only philanthropy college in the country—could make the area a hotbed for an often-ignored area of business.
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Lawmakers eye tougher Indiana daycare rules

October 13, 2013
Associated Press
Operators of unlicensed daycare facilities that receive public money would have to undergo training or ensure they had adequate staffing under proposals being considered by lawmakers.
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Technology on track to dramatically change health care

October 5, 2013
J.K. Wall
Cost pressures are forcing health care providers to extend the reach of limited resources.
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Digital archivist's lab will document Indy's mayoral historyRestricted Content

October 5, 2013
Dan Human
History IT plans to hire 20 people for its Indianapolis office, which will focus on documenting Indianapolis' mayoral history.
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