Technology

Regional partnerships called key to making it: Purdue urges state manufacturers to join supply chainRestricted Content

June 12, 2006
Anthony Schoettle
Growing global competition is bringing local manufacturers together. And the definition of local is changing from around the corner to within 500 miles. Officials from Purdue University have conducted a series of manufacturing summits encouraging Indiana plants to tear down their separatist walls and become an integrated part of regional supply chains. "Supplier-based manufacturing is based on long-term relationships in a 500-mile radius, so we need to think about Indiana manufacturing regionally," said John Sullivan, director of Purdue's Center for...
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eImagine Technology Group: Technology firm aims to deliver service with its software Owner: Hiring good employees key to small company's successRestricted Content

June 12, 2006
Julie Young
Communication-and simplicity-can be a challenge when it comes to tech talk. "It's like the old adage, if you ask a tech guy what time it is, he'll tell you how to build a watch," said Joel Russell, president of Indianapolis-based software developer eImagine Technology Group. But Russell works around potential "lingo" problems when he's meeting with customers. No matter the industry, he looks for ways to automate inefficient processes using computer software. His goal is to save his clients time...
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Firing blamed on bug: Wrongful-termination lawsuit by St. Francis employee says software installed porn linksRestricted Content

June 12, 2006
Tom Murphy
Respiratory therapist David Farr claims he lost his job with St. Francis Hospital and Health Centers last year over an infection that never harmed a patient. Hundreds of pornography links found in a computer Farr shared with six other therapists prompted the hospital to fire him. However, Farr said he never knew the links existed, according to a lawsuit he filed in federal court over his dismissal. The therapist blames poor computer security for allowing malicious porn-promoting software from Russia...
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VOICES FROM THE INDUSTRY: Increased export scrutiny requires corporate-wide planRestricted Content

June 12, 2006
Thomas Ladd
While federal laws restricting exports of goods and technology have been in existence since the 1940s, companies and individuals have increasingly faced civil and criminal penalties that include millions of dollars in fines, prohibition from future exporting and even prison terms. flagged and identified on the denied party list? Simply put, is the end user of the product or technology identified by the U.S. government as one banned from receiving such technologies? Customer service representatives need to know whether the...
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Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotionRestricted Content

June 12, 2006
Chris O\'malley
By the time he graduated in 1985, Tony Altavilla ranked third in career touchdown receptions at Wabash College in Crawfordsville, an all-male institution that likens itself to the best conservative liberal arts colleges of New England. His star rose again recently, when the member of Carmel's Crooked Stick Country Club led a committee that helped the Pete Dye-designed course score the 2009 U.S. Senior Open Championship. But the Wabash man and golfing buddy of the affluent now finds himself in...
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Health network leaders pursue big dreams: Advocates: Statewide system for transmitting patient records would improve careRestricted Content

June 12, 2006
Tom Murphy
Technology experts, doctors and politicians this week will discuss the possibility of interconnecting the handful of computer networks in Indiana that allow doctors to exchange patient information. They say a network reaching every corner of the state could save money, boost care and reduce medical errors while keeping Indiana at the front of the national pack for this technology. However, none of the health-information network leaders who will convene for a summit this week in Indianapolis expects the network to...
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Geographic restrictions could backfire for PERF: $105 million fund carries lots of potential, risksRestricted Content

June 12, 2006
Peter Schnitzler
By restricting the new $105 million Indiana Investment Fund I to deals within state lines, Gov. Mitch Daniels hopes to simultaneously spur economic development and earn a spectacular return for Indiana's retired public employees. But venture-capital experts warn it's nearly impossible to have it both ways. "You need to be very, very clear what your objectives are when you invest [pension] money. Is it for economic development or to help the pensioners earn better pensions?" said John Taylor, vice president...
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RETURN ON TECHNOLOGY: How much freedom is enough? Or too much?Restricted Content

June 12, 2006
Tim Altom
Jams Surowiecki (en.wikipedia.org/ wiki/The_Wisdom_ of_Crowds) would like you to look deeply into your business soul and choose between chaos and high walls. For that matter, so would I. It's a decision worth thinking about. The right choice could remake your enterprise. The wrong one could, too. Surowiecki is just one of several thinkers pondering whether organizations do better with top-down plans, processes and hierarchies, or with loose controls and chaotic creativity. His book, "The Wisdom of Crowds," maintains that large...
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Proposed resource center targets science, tech, math: BioCrossroads wants to help build strong foundation Pulling things togetherRestricted Content

June 5, 2006
Tracy Donhardt
Only 64 percent of Indiana's fifthgraders passed the latest ISTEP+ test in science. A little better-76 percent-passed the math component. Unfortunately, as children advance in grades, their ISTEP+ math scores worsen. By eighth grade, only 64 percent passed the math portion of the test. Yet, economic development officials in Indiana-and much of the country-want young students to choose to study in college areas of advanced manufacturing, life sciences, informatics, agribusiness and an array of disciplines that require a strong foundation...
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ECONOMIC ANALYSIS: Beware of battles brewing among health care giantsRestricted Content

June 5, 2006
Patrick Barkey
Coming up with simple metaphors and images that faithfully represent the issues involved in the way we pay for health care in our country is a challenge. But one keeps coming to my mind: the kitsch Japanese sci-fi classic "Godzilla vs. Rodan," where two giant monsters duke it out breathing fire and smashing buildings as the residents of Tokyo quake in fear, waiting to see who will win. Some similarly big battles are brewing in the health care business these...
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DANIELS' DEAL CLOSERS: IEDC generating jobs, but economy shares part of creditRestricted Content

June 5, 2006
Peter Schnitzler
It would have been big. Just last month, a team of officials from the Indiana Economic Development Corp. and The Indy Partnership, its local equivalent, were furiously negotiating with South Carolinabased fire-engine maker American LaFrance. Intrigued by a mix of economic incentives and Indiana's central location, American LaFrance considered moving its operations to Marion County. In formal negotiations, the company dangled promises of 653 jobs and a capital investment of $18.5 million. State records don't reveal what incentives Indiana offered...
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EYE ON THE PIE: Let's tax phone, Internet, TV usageRestricted Content

May 29, 2006
Morton Marcus
Felicity Futenmouth and I went to graduate school together. Her career in economics focused on consumer services provided by such first-class firms as MegaMedia, MegaMarkets and MegaMercenaries. We became reacquainted lately at our class's 35th reunion. Over a nightcap of hot chocolate and biscuits, she enticed me with a coy question: "How do you feel about local taxes?" "I am all for them," I responded. "If you don't have local taxes, you don't have a strong claim on the responsibility...
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Plug in professionals when tasks seem overwhelming:Restricted Content

May 29, 2006
Sharon O\'donoghue
Running a small business is daunting, to say the least. Small-business owners wear many hats and are expected to be a master of everything: from hiring workers to coordinating group health coverage, from developing marketing materials to hitting sales goals, from assessing technology needs to making tax and insurance payments, from issuing invoices to paying vendors-all while keeping an eye on cash flow. Whew. Larger businesses may rely on individuals or entire departments responsible for each task. For small-business owners,...
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RETURN ON TECHNOLOGY: RFID security not as secure as you think it isRestricted Content

May 29, 2006
Tim Altom
I work in a building that makes me use a cardkey to get into the building's back stairway. I can't even use a physical key. I must use the card I was issued. I fumble for the thing every morning. One morning, to my astonishment, I noticed that if I pushed hard enough on the door as I opened it, it would hit the end of its travel and thereafter stand open by itself. The first person through in the...
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Entrepreneurs keep day jobs: Moonlighting helps owners mitigate startup risksRestricted Content

May 29, 2006
Tracy Donhardt
Inventions at various stages of development are scattered around Qamar Shafeek's ranch-style home on Indianapolis' east side. An unnamed doohickey attached to a curtain rod pulls drapes open and shut along with the sliding glass door. A voice box gadget tells the single father when the garage or side doors open, alerting him to his children's comings and goings. And a plastic pinwheel with tennis balls attached to the ends is making its way from a napkin-sketch idea to a...
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VIEWPOINT: To be a logistics leader, state needs a planRestricted Content

May 29, 2006
Bob Palmer
Indiana is poised to become the country's logistics center. Recently, there has been a lot of discussion on that topic. Now is the time for business, government and education to come together and make it happen. SupplyNet 2006-the recent statewide conference that brought together not only transportation, distribution and logistics industries, but also representatives from manufacturing, retail, information technology, government and academia-detailed the broader picture of supplychain management. As a cutting-edge business strategy, supply-chain management integrates internal and external logistics...
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Good banking relationship can help business:Restricted Content

May 29, 2006
Ken Carow
Capital is the lifeblood of any business. But fresh infusions of money are particularly important for startup and small businesses, since they often can't fund new equipment, employees or facilities out of their cash reserves or profits. The top three sources of new capital for small business are owner's equity (33 percent) bank loans (20 percent) and trade credit (15 percent). Let's focus on bank loans and simple ways that small-business owners can improve their chances of getting a loan...
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My Favorite Cigar Bar: Bar offers stogies with its scotch Liquor license helped cigar store attract customers who may lingerRestricted Content

May 22, 2006
Ed Callahan
"Cheers" in Brownsburg? Regulars at My Favorite Cigar Bar say it's just like that fictional Boston watering hole "where everybody knows your name"-or like it would have been if Cheers had sold cigars as well as drinks. Hendricks County's version of the popular pub occupies an old-fashioned brick storefront at 36 E. Main St. The brainchild of Brownsburg couple Bruce and Lisa Freestone, it is-as the name suggests-both a bar and cigar shop. "We're the only such cigar store in...
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Mira banquet honors excellence in Hoosier high tech: TechPoint awards often precede market successRestricted Content

May 22, 2006
Peter Schnitzler
TechPoint's Mira Awards, which were to be handed out May 19, celebrate excellence in Hoosier innovation. The annual awards banquet also serves as a pretty good bellwether of who's poised for a big payday. For example, TechPoint honored Indianapolis-based medical device-maker Suros Surgical Systems Inc. with a Mira award three years before Massachusettsbased Hologic Inc. acquired Suros for $240 million in April. In 2003, TechPoint also recognized Carmel-based banking software-maker Baker-Hill. California-based Experian bought Baker-Hill last August for an undisclosed...
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Area construction employment surging: Workers stay busy as industry experiences 15 consecutive months of job growthRestricted Content

May 22, 2006
Scott Olson
Building tradesmen in central Indiana don't need a mind-numbing jobs report to tell them construction workers are in high demand. They need not look any further than their apprentice programs and union halls to gauge the industry's health. The way the barometer works is simple: Full apprentice classes mean contractors are hiring and empty union halls mean they're working. "When the benches are empty, that's a good thing," said Mike Kerr, a principal at locally based contractor F.A. Wilhelm Construction...
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WEB REVIEW: Is e-mail marketing the answer for you?

May 22, 2006
Jim Cota
If you're running a business, there's a good chance you've been frustrated with marketing. You've spent time and money on ads here and there, but the results were unpredictable-or worse-questionable. You're in the phone book because you feel you have to be, but the cost goes up year after year. Word of mouth works, but it's too slow. Direct mail works, but it's too expensive. Radio and TV are difficult to do well and nearly impossible to track for results....
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Stadium architect beats 'dark horse' status: Experience with other sports arenas wins HKS first pro football projectRestricted Content

May 22, 2006
Scott Olson
The imprint HKS Inc. will leave on the city with its design of the new Indianapolis Colts stadium will reshape downtown for years to come. But the high-profile project is also significant for the Dallas-based architectural firm because it represents the first time HKS has designed a professional football arena. Any questions the selection team might have had about the firm's credentials were quickly put to rest, however. "[They] came and visited and said, 'When you guys start looking for...
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Pepper, others commended for their safety programs: Area contractors turn to technology to track job-site performanceRestricted Content

May 22, 2006
Scott Olson
Hand-held computer devices are becoming as common as hardhats and heavy equipment on the job sites of Pepper Construction Company of Indiana Inc. The Chicago-based contractor's Indianapolis location began using the hightech gadgetry about 18 months ago to track job-site safety and tie the results to bonus amounts awarded to supervisors. While the company has tracked safety performance for years via written reports, the new system lets everyone from executives to subcontractors view the information almost immediately after it's loaded...
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BULLS & BEARS: Sage investor: Time to buy commodities has passedRestricted Content

May 15, 2006
Dave Gilreath
In February, I mentioned the Legg Mason Value Trust, managed by Bill Miller, as the fund with the longest-running winning streak vs. the S&P 500. The streak runs 16 years. A couple of weeks ago, Miller put out his quarterly market letter. I'm beginning to think I'm profound because I agree with his thinking. Below is a paraphrased summary of what he wrote: The Financial Times'' headline on April 10 read, "Commodity Prices Set to Soar." Then Miller thought back...
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ECONOMIC ANALYSIS: Improving state's economy requires a team approachRestricted Content

May 15, 2006
Patrick Barkey
More than 50 years ago, the famous economist Joseph Schumpeter told a simple story that perfectly captured the essence of market capitalism. It's a turn-of-the-century tale of a railroad being built in a part of the country where none had existed. The new investment rapidly upsets the order of everything-once ideally situated towns are left high and dry, while others move up in stature as they exploit newfound advantages. It's messy and it's painful, but the result is for the...
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  1. What became of this project? Anyone know?

  2. Scott, could you post an enlarged photo of the exterior of the building? This will be a great addition to Walnut Street. This area will only continue to develop with additions like this. Also, please give us more updates on the "Cultural Trail light" expansion. Also a great move for the city, as long as there is maintenance money set aside.

  3. Great story IBJ! Citizens don't have a real sense of the financial magnitude of supporting Indy's sports and tourism sector. The CIB was a brilliant idea for creating a highly integrated public-private partnership to support this sector from the economic activity it generates. Unfortunately, most folks think the benefits of that economic activity accrue directly to the City budget, and it doesn't. So though the CIB is facing lean times (covering its costs while maintaining minimally acceptable reserves), the City is operating with deficit - less tax revenue than expenses each year - with a very fragile reserve balance. That's why it's so challenging for the City to fund basic needs or new intitatives (e.g. pre-k education; new jail), and some credit rating agencies have downgraded Indy from it's past stellar AAA status. More reporting on City finances would be welcomed.

  4. Sure, I'll admit that it bugs me to see that the IBJ.COM censors it's blog posts almost as much as the D of I does when someone points out the falsehoods and fabrications. _____But I think it bothers me almost as much that Captain/Defender/Disciple get his yanked too. You see, those of us with a sense of integrity, humanity, compassion, and a need for fact based opinion WANT to see all of his screeds posted. It makes our point so much better than we can do it ourselves.

  5. We're conflating two very different topics. Voter fraud is a myth and excessive gun violence is all too real. I just hope rational gunowners decide to stop being shouted down by the, well, let's call them "less rational" ones.

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