Small Business

Indianapolis homebuilder combines dashing design, prefabricated contructionRestricted Content

August 23, 2014
Sam Stall
Ursula David hopes her first manufactured home will catch on at other infill lots close to downtown.
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Star caterer Jack Bayt on upswing after tumble

August 23, 2014
Sam Stall
Six years after having the area's largest catering business sold out from under him, Jack Bayt is back, leading a revamped Crystal Catering. But the new iteration is much smaller than in the days when Bayt and his partners wanted to become a regional or even national player.
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Builders Estridge and Davis rebound from bust, run own firms again

August 23, 2014
Scott Olson
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
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Broad Ripple lawyer represents cyclists involved in personal injury accidents

August 23, 2014
Anthony Schoettle
Indianapolis attorney Tim Caress’ desire to combine his after-work passions with helping people whose “lives have been turned upside down” resulted in his rolling—and running—into a new and growing line of business.
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Hendricks County pitching motorsports skill, expertise to medical manufacturers

August 16, 2014
Anthony Schoettle
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
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Family peanut-butter venture sees sales take off

August 9, 2014
Andrea Muirragui Davis
B. Happy Peanut Butter is a hit at the summer market—and then some. Available at more than a dozen retail outlets in central Indiana, its seven varieties of hand-packed PB could produce sales of $100,000 this year.
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Will a new app disrupt snow, lawn-care businesses?

August 9, 2014
Anthony Schoettle
Starting this month, Indianapolis area residents and business owners can order up lawn mowing and snow plowing services through an app.
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Startup objects to IndyGo's no-bid deal with rival

August 2, 2014
Kathleen McLaughlin
An Indianapolis software startup that hopes to win contracts from public-transit agencies across the country is protesting a no-bid deal by IndyGo.
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Tech entrepreneur launches Indy Visitors Channel

July 26, 2014
Anthony Schoettle
Folksy chief cements deals with handshakes, promotes tourism spots with video network in hotels.
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Homegrown Krazy Klothes defies overseas-made clothing trend

July 26, 2014
Sam Stall
Owner Dan Murphy's more-than-two-decades-old, Indianapolis-based company is something of an anachronism—a small-scale domestic clothing manufacturer doing business in a field dominated by Asian-based titans.
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Bar owner alleges racism in lease dispute

July 26, 2014
Scott Olson
The owner of a nightclub in the heart of Broad Ripple believes his landlords nearly doubled his rent for just one reason: to force him and his mostly African-American clientele from the building.
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Competition soars at Indianapolis-area airportsRestricted Content

July 19, 2014
Chris O'Malley
An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.
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Former newspaper editor now telling stories on screenRestricted Content

July 19, 2014
Anthony Schoettle
Documentary filmmaker Ted Green recently completed production of “Bobby Slick Leonard: Heart of a Hoosier,” a 90-minute documentary that will debut at Bankers Life Fieldhouse July 29.
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Drone startup off to flying startRestricted Content

July 19, 2014
Dan Human
Two friends and drone enthusiasts in 2012 hatched the idea, as a side gig, to build flying devices small enough to fit in a briefcase. But the idea shifted to a full-scale manufacturing operation that will launch in mid-August and is projected to produce up to $10 million in revenue next year.
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Financial planner parlays meals for clients into money lessonsRestricted Content

July 19, 2014
Andrea Muirragui Davis
Joe Clark says the two things that seem to matter to people the most are food and money. He has found a way to combine the two, cooking for client families in their homes once or twice a month as he answers questions and gets to know them better.
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Veteran private investigator steps up cyber sleuthingRestricted Content

July 12, 2014
Dan Human
Overbearing spouses, disgruntled employees and corporate moles have a wide new path for spying, considering that nine in 10 adults own mobile phones. Aiding the hackers is protective software that’s thin at best.
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Chicago-made medical gel wins Innovation Showcase pitch contest

July 11, 2014
Dan Human
The Indianapolis-based expo for featuring innovations and courting potential investors crowned an unusual winner of its pitch contest on Thursday.
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Tricky transition: Pillows balance family, business as son preps to take over

July 5, 2014
Dan Human
Even before taking over, Eddie Pillow is making changes at the logistics and courier company his dad started in 1988.
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Indy Chamber fights shrinking membershipRestricted Content

July 5, 2014
Kathleen McLaughlin
The chamber has lost 19 percent of its members since the start of 2011, even while other chambers of commerce around the country see renewal rates recovering along with the economy.
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Ex-Hoosier funnels millions back home to local tech firms

July 5, 2014
Dan Human
West Coast investor Parker Hinshaw and his wife, Jean Balgrosky, in 2012 founded San Diego investment firm Bootstrap Incubation LLC and in 2013 the Bootstrap Venture Fund, which have funded three Indiana companies in less than a year. A fourth deal is about to close.
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Breweries turn to outside investors to underwrite growth

June 28, 2014
Dan Human
Six breweries and two distilleries in Indiana have sought outside investments since January 2013, a few of them multiple times, federal records show. That’s up from just one brewery in both 2009 and 2010.
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Reimbursement snag trips up local DNA testing firmRestricted Content

June 28, 2014
J.K. Wall
Strand Diagnostics LLC's Know Error test uses DNA analysis to make sure a tissue sample that has been declared cancerous does, indeed, belong to the patient doctors think it does. But Strand is having trouble convincing Medicare that the test is medically necessary.
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Flex-office operator adds 58 suites in Mass Ave area

June 24, 2014
Scott Olson
Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.
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Fishers health analytics firm to expand, add workers

June 24, 2014
 IBJ Staff
Healthiest Employers LLC plans to move software development to its Fishers headquarters in an expansion that will add up to 90 jobs by 2017.
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Angie's List Grand Prix sponsorship targets service providers

June 21, 2014
Dennis Barbosa
It was no surprise that the Indianapolis Motor Speedway approached the Indianapolis-based consumer-review service about sponsorship of the Grand Prix of Indianapolis before the inaugural event in May. But the first response from Angie’s List CEO Bill Oesterle was no.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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