Small Business

This year's Indy Jazz Fest to focus on music puristsRestricted Content

September 12, 2009
Kathleen McLaughlin
Indy Jazz Fest’s new promoters are taking a bold step with an already-risky venture. They’re turning the 10-year-old event into one for jazz purists.
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Region's expertise in hybrid cars goes beyond high-profile players

September 5, 2009
Chris O'Malley
Bright Automotive and EnerDel are well known for their development of components for hybrid cars, but the region has several other players poised to be big players in the sector. In fact, few realize that North America’s largest producer of electric motors for hybrid vehicles is based northeast of Indianapolis, in Pendleton.
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Art-gallery operators opening new spaces on Mass AveRestricted Content

September 5, 2009
Kathleen McLaughlin
The launch of two new gallery ventures come on the heels of the closing of one of the city’s most well-established fine contemporary art spaces, Ruschman Gallery.
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Neighborino LLC rolls out software for homeowners associations

September 5, 2009
 IBJ Staff
Upstart software company rolls out software that enables homeowners’ associations to create community Web sites without technical assistance.
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Economy pushes executives into small firms

August 29, 2009
Peter Schnitzler
In the recession, folks with former big-company careers are increasingly taking jobs with small businesses. For some downsized executives, it’s about the desperate need for a paycheck. Others, who felt impotent and pigeonholed in corporations, discover they prefer the challenge of entrepreneurship.
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Real estate firm launches in rough watersRestricted Content

August 29, 2009
Kim Puckett
Business partners Dan Adams and Bob Harton left a real estate franchise to start an agency of their own.
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MARKETING: Why Discount Tire gets my vote, again and againRestricted Content

August 19, 2011
Lorraine Ball
There are plenty of “low-tech” companies exploring ways to build social media into their marketing strategies with outstanding results.
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Fishers biz grows from dog-walking to full-service pet careRestricted Content

August 29, 2009
Marc D. Allan
Cristi Melson started Purrs & Gurrs 2-1/2 years ago with an idea and some fliers she distributed door to door. She didn’t have a formal business plan then and still doesn’t.
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Barrington Jewels sparkles despite economic downturnRestricted Content

August 29, 2009
Riya V. Anandwala
The recession has put the squeeze on many retailers, but fine jewelry is an exception, at least at Barrington Jewels. Owners Goel and Mitra Ahdoot are seeing their business flourish.
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SBA loan approvalsRestricted Content

August 29, 2009
 IBJ Staff
SBA loan guarantees for the month of July.
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Two businesses open at Flagship Enterprise Center

August 29, 2009
 IBJ Staff
The Anderson-based Flagship Enterprise Center is on a roll. In the last two months, the small-business incubator and growth-stage accelerator signed up two new clients: software developers Soveryn Inc. and Coeus Technology.
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Venture firms recapitalize Advanced Physical Therapy LLC

August 29, 2009
 IBJ Staff
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
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Handmade chocolates shop opens location in Chase Tower

August 24, 2009
 IBJ Staff
Best Chocolate in Town is expanding beyond its original store on Massachusetts Ave.
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INpact Medical Device Network matches start-ups with service providersRestricted Content

August 24, 2009
Chris O'Malley
Industry groups in the life sciences, medical and information technology realms have helped lure companies to the region and foster upstarts. Funding is almost always an issue, but it’s not the only barrier. Getting medical devices to market often requires product design, development and marketing resources that aren’t always apparent to upstarts.
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Dodson Group hit crisis mode after trusted CFO suspected of theftRestricted Content

August 24, 2009
Peter Schnitzler
At first, small-business owner Jim Dodson figured the problem must be a technical glitch. During a routine analysis of aging unpaid invoices last September, one of his employees couldn’t tie the latest figures to the company’s ledger. Accounts receivable for his company, the Dodson Group, had been overstated by $2.7 million—double their true value. And $422,539 was missing from the firm’s coffers.
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Summer program turns teens into entrepreneursRestricted Content

August 17, 2009
Riya V. Anandwala
Eighteen students from Indianapolis’ Haughville neighborhood sold their wares— ranging from caps and sunglasses to purses to home-baked cookies—as part of a summer business-education program for low-income youth.
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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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Local company acquires monster truck series

August 11, 2009
 IBJ Staff
The Promotion Co Inc., an Indianapolis-based event promoter, said today that it has acquired the Monster Nationals series of monster-truck shows from Image Promotions Inc. in Chardon, Ohio.
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Vet supplier promises 30 jobs in Whitestown

August 11, 2009
 IBJ Staff
Idaho-based MWI Veterinary Supply Inc. said today it will establish distribution operations in Indiana by leasing space in Whitestown, creating more than 30 new jobs by the end of the year.
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Orr fellows finding opportunity in male-dominated tech industry

August 10, 2009
Jo Ellen Meyers Sharp
Many young women who have participated in the Governor Bob Orr Indiana Entrepreneurial Fellowship program have landed at high-flying local technology firms.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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Carmel tech staffing firm Sales Diesel closes

August 10, 2009
 IBJ Staff
Sales Diesel, a Carmel company that provided salespeople for technology companies, appears to be out of business. The firm’s Web site was taken down last week and calls to its 11590 N. Meridian St. offices were not returned.
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Brownsburg car detailer lands link to upcoming movie

August 10, 2009
 IBJ Staff
Mike Shumaker's Brownsburg firm Driven Auto Detail spiffed up a Porsche for the upcoming movie "Whistleblower," starring Matt Damon.
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Contractors, manufacturers hope clean-energy incentives, mandates lead to more businessRestricted Content

August 10, 2009
Chris O'Malley
Federal stimulus funds and greenhouse-gas legislation have the potential to spark a green version of the Gold Rush. Many Indiana firms are retooling to sell products or services that are or might soon be in demand.
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Hamilton County Alliance spins off entrepreneurial center

August 10, 2009
 IBJ Staff
The Hamilton County Alliance economic development group has spun off its Entrepreneurship Advancement Center, which serves fast-growing startup businesses in Carmel, Fishers, Noblesville, Westfield and the rest of Hamilton County.
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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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