Small Business

Indianapolis startup attacks Alzheimer's diseaseRestricted Content

May 29, 2010
Norm Heikens
AgeneBio Inc. this month landed a $300,000 investment from the Indiana Seed Fund to fund operations, bolster its intellectual property, and begin learning how to make a drug into a once-a-day pill.
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Women's Fund sets $20 million goal for endowment

April 10, 2010
Kathleen McLaughlin
The Women's Fund of Central Indiana recently completed an endowment drive that raised $7 million, making the endowment one of the largest of its kind in terms of assets.
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Entrepreneurs lose clout as VC funds get stingier

March 27, 2010
Scott Olson
Most local venture funds are standing pat because the economy is weak and they’re no longer in fund-raising mode. Having invested most of their funds, the firms have shifted to the nurturing, or “harvesting” stage, to try to improve investment returns.
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Sweet Things keeps same flavor with new ownerRestricted Content

December 26, 2009
Tawn Parent
Candy store on north side of Indianapolis changes hands, but new owner Cassandra Schuchman keeps chocolate recipe intact. The shop has stores at North Willow Mall and River Crossing.
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Barber shop thrives on retro appealRestricted Content

November 28, 2009
Brock Benefiel
Brownsburg's Everyday Joe's Barber Shop offers personal touch and a retro look.
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WOJTOWICZ: Is it time to buy rather than lease space?Restricted Content

November 28, 2009
Jean Wojtowicz
Buying a building for your business is still possible in a tight lending market, but bankers will review real estate purchases carefully.
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SBA loan approvals - October 2009Restricted Content

November 28, 2009
 IBJ Staff
SBA loan approvals for the Indianapolis area for October 2009.
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AccuPay Payroll expands in a down economyRestricted Content

November 28, 2009
Brock Benefiel
AccuPay Payroll in Indianapolis has expanded while competing against larger, national competitors like New Jersey-based Automatic Data Processing and New York-based Paychex.
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Entrepreneur parlays love of cars into successful media companyRestricted Content

November 28, 2009
Anthony Schoetle
Donnie Babb's Gauge Media Group started in his basement at tortoise speed but now churns out $2 million in sales with a staff of nine full-time and 15 part-time employees.
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Bringing self-publishing to the classroomRestricted Content

November 28, 2009
Riya V. Anandwala
Professor Textbook aims to bring self-publishing to college campuses by helping professors publish their own textbooks.
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24 percent of 46201 residents are below poverty levelRestricted Content

November 28, 2009
 IBJ Staff
Indy Partnership analyzed data derived from the American Community Survey, the 2000 U.S. Census and the 2005 U.S. Census Business Patterns Report.
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Small businesses changing hands despite recession

November 28, 2009
Peter Schnitzler
Even in recession, entrepreneurs buy and sell local small businesses. Plenty of Indianapolis-area companies are for sale.
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Scott Watanabe looks to transform digital textbooksRestricted Content

November 14, 2009
J.K. Wall
Watanabe, son of the late Eli Lilly and Co. scientist, has hired investment bankers to help raise $10 million for his business, Encompass Media.
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Former Smith-Holden Music employees open new Bloomington store

November 7, 2009
 IBJ Staff
Two key employees of the recently closed store in downtown Bloomington have opened their own venture, Melody Music Shop.
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LEADERSHIP: Use objective measures to evaluate employeesRestricted Content

October 24, 2009
CJ McClanahan
To improve the productivity of your management team, it’s critical to have an objective plan for measuring performance. That means clear job descriptions, goals, and key performance indicators to track progress.
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Software firm eImagine grows on military contractsRestricted Content

October 24, 2009
Brock Benefiel
eImagine, an Indianapolis software developer, has seen a 218-percent increase in revenue in large part due to work in the public sector, including a major contract for the U.S. army.
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PickyList helps small businesses market themselves onlineRestricted Content

October 24, 2009
Gabrielle Poshadlo
Startup online marketing firm PickyList is bringing the Twitter/Craigslist concept local, and helping small businesses use social networking and online branding.
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Marketing firm Brandwidth helps clients with online brandingRestricted Content

October 24, 2009
Brock Benefiel
Firm combines traditional marketing, Web technology to help companies build successful brands. Measurable results help companies document effectiveness.
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Debt collectors try soft approach

October 24, 2009
Peter Schnitzler
Recession forces entrepreneurs to rework bills. Cracking down on small businesses doesn't help bills get paid faster.
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Local lenders support small-biz loan initiative

October 22, 2009
Scott Olson
Small business lenders in Indianapolis are supporting a proposal announced by President Obama Wednesday that would increase the size of government-backed loans.
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Funding cut jeopardizes popular Indiana Artisan programRestricted Content

October 17, 2009
Anthony Schoettle
A state-run program aimed at boosting business for local artisans—ranging from painters to syrup makers—and turning them into a draw for tourists is in jeopardy because of dramatic funding cuts.
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Local Better Business Bureau names new leader

September 28, 2009
William J. Thomas has been named president of the Better Business Bureau of Central Indiana, the organization announced Monday.
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Real estate marketer launches 4 Walls Etc. from homeRestricted Content

September 26, 2009
Brock Benefiel
Startup real estate firm specializes in marketing, digital floor plans and site plans.
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Elwood rock store expands inventoryRestricted Content

September 26, 2009
Marc D. Allan
Spencer Lapidary expands offerings to include stained glass and silver.
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Bartering booms during recession

September 26, 2009
Peter Schnitzler
In a recession, cash is a commodity few small businesses can spare. That’s why more businesses are trading goods and services without exchanging cash.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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