Small Business

Midwest Energy oil firm drilling for $15MRestricted Content

December 8, 2012
Chris O'Malley
An Indianapolis investment advisory oil firm has been looking for blowouts in its own back yard. Midwest Energy Partners is preparing for its seventh—and largest—round of funding to pay for oil drilling in southwestern Indiana and southeastern Illinois.
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Lawmakers may tighten grip on gold-buying businessRestricted Content

December 8, 2012
Kathleen McLaughlin
State lawmakers and Indianapolis officials are looking to regulate the gold-buying business, which police say provides an easy outlet for stolen goods. Cash-for-gold stores have multiplied as prices more than doubled since 2007.
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Tax software upstart proves appeal to major companiesRestricted Content

December 8, 2012
Chris O'Malley
AppealTrack's simplicity gains attention in growing market for firms managing property tax appeals.
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How 3 real estate entrepreneurs expanded during slowdownRestricted Content

December 8, 2012
Cory Schouten
Aasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity as many rivals retrenched.
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East-side biz incubator's new owner is old owner

December 5, 2012
Scott Olson
The Indianapolis Enterprise Center on the near-east side has been acquired by a local investor group led by the former owner of the troubled business incubator.
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Slinky maker hoping to purchase bankrupt Fundex

December 4, 2012
Scott Olson
Plainfield-based Fundex Games Ltd., which filed for bankruptcy protection in September, said Poof-Slinky Inc. is the only potential purchaser that has shown interest in acquiring the company's assets.
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Record number of companies grow Indiana operationsRestricted Content

December 1, 2012
The Indiana Economic Development Corp. said 220 businesses have expanded or started here, and the number could grow before the end of the year.
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VC funds hope to help early-stage life sciences firmsRestricted Content

December 1, 2012
J.K. Wall
Early-stage venture capital has been harder and harder to come by for life sciences companies in recent years, but two Indianapolis investors are working to raise sizable funds to help fill the gap.
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WOJTOWICZ: Is small-business ownership for you?

November 30, 2012
Jean Wojtowicz
The horror stories are sobering: Dun & Bradstreet reported earlier this year that businesses with fewer than 20 employees have only a 37 percent chance of surviving four years and just 9 percent will be around 10 years.
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Small stores vie for slice of holiday-shopping pieRestricted Content

November 24, 2012
Andrea Muirragui Davis
National retailers are licking their chops over the $586 billion consumers are expected to spend during the holiday season, and small-business owners also are bellying up to the buffet.
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Developers of smartphone app win Startup Weekend

November 20, 2012
Recoverator helps users catalog belongings and generate professional loss reports for insurance agents and law enforcement.
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Yats founders prepare to franchise chain across MidwestRestricted Content

November 17, 2012
Anthony Schoettle
Yats founders Joe and Regina Vuskovich decided earlier this year to grow their restaurant through franchising. Broad Ripple resident John Sutton and his sister Brittany Franken jumped at the opportunity.
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ExactTarget co-founder Baggott turns zeal to natural farmingRestricted Content

November 17, 2012
Kathleen McLaughlin
Chris Baggott has spent the past year and a half raising cattle, pigs and chickens on pasture, rather than conventional feed grain, and without the use of hormones or antibiotics.
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Executives backing push to launch pro soccer teamRestricted Content

November 17, 2012
Anthony Schoettle
A group of Indianapolis business executives is laying the groundwork to launch a professional soccer team here in 2014. Members of the group won’t identify themselves, but this month they launched a website—indyprosoccer.com—seeking season-ticket commitments.
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Green BEAN Delivery expands with second farmRestricted Content

November 17, 2012
The locally based purveyor of organic produce is leasing 50 acres in Ohio to serve its customers in that state, Indiana and Kentucky.
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Local chain takes vacant Clearwater restaurant spotRestricted Content

November 17, 2012
Zionsville-based Oobatz! will open in building formerly occupied by Uno Chicago Grill.
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Diagnotes takes top prize in health care challenge

November 16, 2012
Diagnotes LLC's On Call software, which delivers patient medical records to smartphones of an on-call doctor, won the inaugural Hoosier Healthcare Innovation Challenge.
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Entrepreneurs square off during Startup Weekend

November 15, 2012
Scott Olson
The eighth Startup Weekend in Indianapolis begins Friday, when dozens of potential business owners pit their plans against each other in the fast-paced event spanning three days.
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TechPoint picks young entrepreneur as new leader

November 15, 2012
Chris O'Malley
Leaders for TechPoint, the statewide technology business initiative, have tapped a new president who they think is a veritable poster child for successful entrepreneurship.
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Small biz exposure clouds WellPoint's future

November 12, 2012
J.K. Wall
WellPoint’s average small-employer client has just 8.5 lives covered on its health plan. And firms of that size are far more likely to use the new health insurance exchanges, said WellPoint Chief Financial Officer Wayne DeVeydt.
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Indy loses promising health startup

November 12, 2012
J.K. Wall
LabDoor, which soon will launch an iPhone app that assigns A-F grades to over-the-counter vitamins and medicines, moved last month from Indianapolis to San Francisco, where it received $100,000 in startup financing.
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Lemonade Day wants to grow seed money

November 12, 2012
Lemonade Day is having a fundraiser Monday evening to raise $5,000 to $10,000 for a startup capital fund for the annual children's entrepreneurship event.
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Local scientific software firm plans to add 63 jobs

November 12, 2012
Scott Olson
Indianapolis-based Indigo Biosystems Inc., a scientific software provider, announced Monday morning that it plans to add 63 jobs by 2015 as part of a $1.4 million expansion.
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Hoosier colleges discover patents aren't just for faculty anymoreRestricted Content

November 10, 2012
Chris O'Malley
Universities that once focused on faculty inventions now are encouraging students to pursue patents. Last year, 355 Purdue University students filed a patent, a 62-percent jump from 218 student-filed patents the previous year.
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Life sciences finance pro heading to startupRestricted Content

November 10, 2012
Chris O'Malley
If a biotech startup were akin to a rock band, Kristin Sherman might be the keyboardist. She’s not front-and-center on the stage, but the ballad wouldn’t be as dynamic without her pounding the chords.
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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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