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Manufacturing & Technology
Schneider Corp. has designs on big growth in Lawrence: Long-time engineering firm gets boost from state as it plans to make
$4.4 million investment, add 140 workers
March 27, 2006
Scott OlsonThe voluminous building the Schneider Corp. occupies on the former Fort Benjamin Harrison property was built as a barracks
for enlisted men and later converted to a dormitory. So it's fitting that the locally based engineering firm has a vision
to create a university-type setting on its nearly fouracre campus where employees can receive training without stepping foot
off the property. "We've worked on a strategic plan for the last couple of years, and Schneider University is part of that...
MoreTechPoint names up-and-coming Mira nominees: Annual award celebrates excellence in innovation
March 20, 2006
Peter SchnitzlerTechPoint won't distribute its annual Mira awards until its banquet at the Indiana Roof Ballroom May 19. But the state's largest
high-tech trade association has completed the nomination process for its top awards, pulling together a list of 49 innovative
companies and educators in such categories as information technology, life sciences and advanced manufacturing. About 750
people usually attend the Mira banquet. But the awards are meant to reverberate among a far wider population all year long
as confirmation which...
MoreECONOMIC ANALYSIS: Revised data shows state faring better than thought
March 20, 2006
Patrick BarkeyIf you were watching this space to see what-if any-silver lining for Indiana could be found in the harsh blows about to fall
on the high pay, full benefit, Big Three automaker production jobs I promised to talk about last week, I ask your forbearance.
The Toyota Corp. has beaten me to the punch. The company's announcement that it plans to build its top-selling Camry in Lafayette
says it better than any words I could come up with. The future...
MoreYou can take it to the bank: Financial experts say state's economy is rising, merger mania isn't over and regulatory laws
could take a toll
March 13, 2006
On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four
leaders from Indianapolis' banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions;
Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith
Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How's the state's economy doing? Are more
bank mergers on...
MoreBEHIND THE NEWS Auditor jabs Obsidian as it prepares to go private:
March 13, 2006
Greg AndrewsIf all goes as planned, a Tim Durham-led investment group will take publicly traded Obsidian Enterprises Inc. private by the
end of the month. The Indianapolis company's five-year run on Wall Street has been inglorious by any measure. Stock in the
transportation and manufacturing firm has tumbled, from a split-adjusted $12 in 2001 to $1.80 today. Over the last three years,
Obsidian has posted a combined $22 million in losses. As if that weren't enough, now the company's former outside...
MoreEmerging India: Indians explore prospects in Indiana: Delegation of 15 execs finds opportunities during tour of Indianapolis,
Purdue tech park
March 6, 2006
Peter SchnitzlerIndians explore prospects in Indiana Delegation of 15 execs finds opportunities during tour of Indianapolis, Purdue tech park
J.V.V. Satyanarayana spent the last three years launching his Chennai, India-based software firm. But after only 24 hours
in Indianapolis, he was ready to expand his operation. Satyanarayana was part of a delegation of 15 Indian executives who
visited Indiana last week. His business, SVL Infotech, manages the IT end of medical billing. It has 100 employees and handles
claims worth $100...
MoreEmerging India: Opportunity or threat?: Indiana businesses brace for growing global competition
February 27, 2006
Peter SchnitzlerOpportunity or threat? Indiana businesses brace for growing global competition Next month, President Bush will make his first
official visit to India. To most of the American media, it'll be just one more round of global terrorism discussions with
a distant foreign nation, perhaps worthy of a brief. The Indian press knows better. Six weeks ahead of Bush's trip, banner
headlines about it ran in every newspaper. Al Hubbard knows better, too. Friends with Bush since their days at Harvard...
MoreRoll the cameras: State cranks up efforts to court film industry under new task force
February 13, 2006
Scott OlsonNorth Carolina offers a 15-percent tax credit to filmmakers to help offset production costs. The credit recently helped sway
a national retailer to shoot an in-store commercial there instead of in Indiana. While the $600,000 production hardly compares
to a multimillion-dollar motion picture, losing it was a big deal for local companies that didn't get the work. Holli Hanley
of Grand Illusion Lighting Inc. in Zionsville, which rents lighting equipment to production companies, lamented the loss.
"Everyone in the entire...
MoreVIEWPOINT: Our schools let talent go to waste
January 30, 2006
Ginny BurneyWe have two kinds of schools: those that encourage each child to be all he/she can be and those that focus on being efficient
institutions for groups of children. The first kind of school finds ways to help each child who struggles, meets each child's
educational needs, and finds ways to provide each child with the context to achieve as much as he/she can at the most appropriate
pace. The second kind of school is focused on making sure as...
MoreFirm retools after CEO exit: Norwood gives up on sale, to close 2 plants
January 30, 2006
Anthony SchoettleIn recent months, Norwood Promotional Products has settled a lawsuit with its distributors, lost its CEO, put itself up for
sale, and then taken itself off the block. Last week, the 2,000-employee company announced plant closings in Iowa and Pennsylvania.
The swirl of activity is no cause for concern, according to Norwood officials, who say the No. 2 player in the promotional
products industry is doing fine and will stay in Indianapolis. The privately held company-known for making customized products...
MoreEYE ON THE PIE: Let's revisit the State of the State
January 30, 2006
Morton MarcusQuite appropriately, Gov. Mitch Daniels did not make any claims about "a revitalized Indiana economy" in his recent State
of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any
victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the
past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only...
MoreFirm retools after CEO exit: Norwood gives up on sale, to close 2 plants
January 23, 2006
Anthony SchoettleIn recent months, Norwood Promotional Products has settled a lawsuit with its distributors, lost its CEO, put itself up for
sale, and then taken itself off the block. Last week, the 2,000-employee company announced plant closings in Iowa and Pennsylvania.
The swirl of activity is no cause for concern, according to Norwood officials, who say the No. 2 player in the promotional
products industry is doing fine and will stay in Indianapolis. The privately held company-known for making customized products...
MoreEYE ON THE PIE: Let's revisit the State of the State
January 23, 2006
Morton MarcusQuite appropriately, Gov. Mitch Daniels did not make any claims about "a revitalized Indiana economy" in his recent State
of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any
victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the
past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only...
MoreVIEWPOINT: Our schools let talent go to waste
January 23, 2006
Ginny BurneyWe have two kinds of schools: those that encourage each child to be all he/she can be and those that focus on being efficient
institutions for groups of children. The first kind of school finds ways to help each child who struggles, meets each child's
educational needs, and finds ways to provide each child with the context to achieve as much as he/she can at the most appropriate
pace. The second kind of school is focused on making sure as...
MoreECONOMIC ANALYSIS: The new economic reality: It's all about the work force
January 16, 2006
Patrick BarkeySince these words usually find their way out onto the Internet, I thought I'd work in the following phrase to get the hit
counters for the new year off to a good start: Evolution vs. intelligent design. Ah, that should do it. I can hear the sounds
of computer mouse clicks already. And, believe it or not, there's an economic angle to that debate. Not literally, of course.
Economics is pretty important, but I will concede that the creation of...
MoreFrom FFA to DNA: Businesses view convention as more than a gathering of corn growers
January 16, 2006
Matthew KishDon't call it the Future Farmers of America. That went out of style with pastel suits and parachute pants. The organization
is now known as the FFA. And it's no longer just a gathering of crop jockeys. The change in moniker partly illustrates why
business leaders are so excited for the first of at least seven annual conventions the organization will stage in the Circle
City starting in late October. "FFA is a premier, if not the premier, youth organization...
MoreECONOMIC ANALYSIS: We want to spur economy, but what's the best way?
January 9, 2006
Patrick BarkeyIf you want to get an idea just how hot the topic of economic development is in Indiana these days, take a stroll over to
the Department of Insurance's Web page. Instead of finding notices of regulatory proceedings or a lineby-line listing of the
insurance code, you'll get a spirited, enthusiastic rundown of all of the reasons Indiana is a great state in which to locate
your insurance company. If you happen to own one, that is. That's a little...
MoreEducation, work force key hurdles to new economy:
January 2, 2006
Mark MilesHaving recently returned to Indiana after a 15-year absence, I see a region filled with both challenges and opportunities.
The Central Indiana Corporate Partnership, the organization I've returned to serve as president and CEO, is focused on long-term
economic prosperity for our region. To this end, our people are our most valuable resource. Unfortunately, central Indiana
faces a significant challenge in making our human capital match our goal of a knowledgebased, 21st-century economy. Indiana
ranks 46th in the educational attainment...
MoreDrug costs on chopping block: M-Plan introduces pill-splitting program
January 2, 2006
Tom MurphyIndiana's second-largest insurer, M-Plan Inc., welcomed some of its customers to the new year with a pill-splitting program
that can chop prescription drug costs in half. The Indianapolis-based health maintenance organization became part of a growing
crowd of insurers endorsing a money-saving concept long practiced by doctors and patients. However, pill splitting still stirs
a healthy dose of concern over safety in some corners of the pharmaceutical world. "I've had arguments with insurance companies
about this for years," said Skip...
MoreIn the new year, building on the successes of 2005:
January 2, 2006
Bart PetersonThis past year was one of the most active and successful in our city's history. We pushed through legislation to fund an expansion
of the Indiana Convention Center and build a new multi-purpose stadium, both of which will be tremendous boons to our region's
economy, pumping in more than $2.25 billion in investment and creating more than 4,200 permanent jobs over the next 10 years.
In addition, through the leadership of the governor and legislature, a one-of-a-kind regional funding solution...
More2006: Making Indianapolis a family affair:
January 2, 2006
Isaac RandolphWhat's the most pressing issue facing Indianapolis now and in the future? Depending on a pundit's passion, answers can range
from maintaining a professional sports team to supporting the cultural and arts community, from improving the quality of public
schools and parks to making affordable housing available, from low taxes to a state-of-the art public mass transit system.
Yet each of these areas, while they may reflect an interest group's unwavering and at times irrational fixation, taken at
face value...
MoreVIEWPOINT: Indiana: The Cyber Crossroads of America?
December 26, 2005
Cameron CarterCan a state whose identity as the "Crossroads of America" in the 20th century maintain that distinction in the 21st century?
Can Indiana, with numerous railroads and highways passing through it, find a competitive advantage in a world that increasingly
bypasses rails and roads in favor of the virtual marketplace? Absolutely-if it is willing once again to serve as a central
hub for the thoroughfares so important to the virtual marketplace and purposefully sets out to build them. Not so...
MoreA game competitor: Sales surge for maker of Gnip Gnop, What's in Ned's Head?
December 19, 2005
Anthony SchoettleThe atmosphere is lighthearted at the westside headquarters of Fundex Games Inc., where ideas sketched on cocktail napkins
become award-winning games like What's in Ned's Head? and Alfredo's Food Fight. And why not be happy at a company whose more
tasteful games, such as Gnip Gnop and Phase 10, have helped grow revenue from $4.6 million to $20 million in the last decade?
If there's any nail-biting at Fundex it's because this is the most important time of the year....
MoreEYE ON THE PIE: Security depends on flexibility, not stability
December 12, 2005
Morton MarcusIn one word, what do we want? I suggest that word is security, physical and financial security. We want to live without fear
for our lives or our livelihoods. The atrocities of 9/11 made Americans more fearful about their physical security than they
had been since the early days of World War II. Our economic condition feels insecure as jobs drift to other nations, as health
care costs soar, and as both public and private pension plans are threatened. To...
MoreECONOMIC ANALYSIS: Economy is doing great, but what about next year?
December 12, 2005
Patrick BarkeyHere's a question the visually oriented news media face all the time-what does a strong economy look like? Belching smokestacks
and humming assembly lines are the clichés of yesteryear, now that we've entered an era when knowledge and services account
for more output than do physical goods. But somehow the picture of an office worker tapping on a keyboard or a group of executives
huddled around a conference table doesn't quite convey the vitality and power of the world's largest...
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.