Small Business

Barter network Tradebank opens branch in Indianapolis

August 3, 2009
 IBJ Staff
The barter network Tradebank has opened a franchise in Indianapolis with two veterans from Louisville.
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Is Indiana coming out of venture capital swoon?

August 3, 2009
 IBJ Staff
Carmel-based Dormir LLC’s announcement July 29 of $12 million in venture financing was the second local life sciences deal announced in July. It could suggest a turnaround from a woeful second-quarter performance, when Indiana life sciences firms announced zero venture capital deals.
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Downturn provides opportunity for restaurants hungry for expansionRestricted Content

August 3, 2009
Cory Schouten
The economic slump is giving independent local restaurants a shot at prime locations that in good times would be snapped up by chains.
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Arts festivals feel financial pinchRestricted Content

August 3, 2009
Kathleen McLaughlin
Art-show organizers are getting creative to keep their events alive as they struggle to attract sponsors and participating artists.
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Seniors are nation's fastest-growing group of entrepreneursRestricted Content

July 27, 2009
Peter Schnitzler
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout, for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s now 67 years old. And a first-time entrepreneur.
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Candle company cooks up products with a 'green' twistRestricted Content

July 27, 2009
Kim Puckett
After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple skirted heavy franchise fees and started Twisted Wick Candle Co.
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Consultant helps clients learn how to manage spaceRestricted Content

July 27, 2009
Ashley Odle
MoveSmart LLC works with business clients looking to make better use of their space, helping to design, furnish and adapt their offices for maximum efficiency.
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Earle Travel Co. perseveres despite flu scare, recessionRestricted Content

July 27, 2009
Riya V. Anandwala
Earle Travel Co. has been weathering challenges as the recession has deepened and H1N1 influenza spiked earlier this year. Those problems have nearly capsized many travel agencies, but co-owner Kelly Shea said Earle’s business slumped only 8 percent last year.
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Small-biz loan approvals for JuneRestricted Content

July 27, 2009
SBA loan guarantees for the month of June. These businesses have received loans from financial institutions with a guarantee from the SBA. Not all funds are disbursed immediately, and some approved loans are subsequently canceled.
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WOJTOWICZ: Stimulus is expanding small-biz lendingRestricted Content

July 27, 2009
Jean Wojtowicz
The economic stimulus package allocated $375 million to the U.S. Small Business Administration so it could offer more generous terms to small-business borrowers.
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Clients flee advisory firm for not-for-profitsRestricted Content

July 27, 2009
Kathleen McLaughlin
WorkPoint, an Indianapolis firm entrusted to handle finances for not-for-profits, has lost several clients in the past 12 months, and all for the same reason—missing money.
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Time Factory will challenge Shutterfly, Flickr for Web photo marketRestricted Content

July 27, 2009
Chris O'Malley
Indianapolis calendar publisher Time Factory Publishing is launching a Website to compete with photo sharing and publishing sites Shutterfly and Flickr.
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A taste of summer: CPA spends summers as ice cream manRestricted Content

July 20, 2009
Riya V. Anandwala
Certified public accountant Dave Norris bought a 1976 Good Humor truck and started his family-owned U Want Ice Cream mobile route in 2007, aiming to make a personal connection with people—along with a little extra money.
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Contest offers services for small-business makeoversRestricted Content

July 20, 2009
 IBJ Staff
Nine local companies have joined together to offer $80,000 worth of marketing services, computer reconfiguration and office furniture as the prize the “Indy Business Makeover Competition” for small businesses.
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Cats, dogs just too ordinary for exotic-animal veterinarianRestricted Content

July 6, 2009
Kim Puckett
Clad in iguana-patterned medical scrubs, Angela Lennox moves quickly around the clinic laboratory, administering barium to a ferret and ordering a guinea pig X-ray. From there, she moves to an exam room, taking blood from an unruly bird and diagnosing an injured pet duck—all in the span of about 30 minutes.
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Web site aspires to be source for all things FishersRestricted Content

July 6, 2009
 IBJ Staff
Noblesville resident Tom Wagenhauser is revamping the Hamilton County-centric Web site FishersFind.com and hopes to double its weekly traffic.
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Businesses discover dangers of relying too heavily on a single client or industryRestricted Content

June 29, 2009
Peter Schnitzler
In this deep recession, many local small-business owners suffer a harsh dilemma: Heavily tied to a single supplier, customer or industry, they must diversify or die.
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Blue House Salon keeps it simpleRestricted Content

June 29, 2009
Gabrielle Poshadlo
Blue House salon owner Phil Salmon spends no money on advertising and yet makes a six-figure salary.
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LEADERSHIP: How to manage your workdayRestricted Content

June 29, 2009
CJ McClanahan
Here's why some leaders are able to get so much more out of their teams than others.
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SBA loan approvals for May 2009Restricted Content

June 29, 2009
 IBJ Staff
Small Business Administration loan guarantees in May. These businesses have received loans from financial institutions with a guarantee from the SBA.
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Basketball business shoots for custom marketRestricted Content

June 29, 2009
George Umbarger
After graduating from Indiana University with a business marketing degree, J.D. Allen saw every reason to combine his education and his passion for basketball in a home business.
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No. 7 Salon & Spa lets stylists go soloRestricted Content

June 29, 2009
Kim Puckett
With an interior-design overhaul in 2004 and a business plan restructuring last year, Gina and Tina LaGrotte's No. 7 Salon & Spa near downtown would be aesthetically and economically unrecognizable to their late father.
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Hoosier named to lead CDC trade organizationRestricted Content

June 1, 2009
Jean Wojtowicz, executive director of the Indiana Statewide Certified Development Corp., has been elected to chair the National Association of Development Companies, or NADCO, board of directors.
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Irvington rolls out $1.2 million promotional campaignRestricted Content

June 1, 2009
Anthony Schoettle
In the midst of a $1.2 million campaign to upgrade streets, sidewalks and other neighborhood infrastructure, a coalition of Irvington businesses and residents is launching a unique marketing campaign to tout the neighborhood's recent enhancements and position it as an alternative to places such as Carmel, Zionsville, Geist and Noblesville.
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Heartland Distillers joins mini-boom in artisan spirit-makingRestricted Content

June 1, 2009
Kim Puckett
Since January, Heartland Distillers has turned out several small batches of its first signature spirit—Indiana Vodka—available at about 300 area retailers.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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