Small Business

Venture firms recapitalize Advanced Physical Therapy LLC

August 29, 2009
 IBJ Staff
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
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Handmade chocolates shop opens location in Chase Tower

August 24, 2009
 IBJ Staff
Best Chocolate in Town is expanding beyond its original store on Massachusetts Ave.
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INpact Medical Device Network matches start-ups with service providersRestricted Content

August 24, 2009
Chris O'Malley
Industry groups in the life sciences, medical and information technology realms have helped lure companies to the region and foster upstarts. Funding is almost always an issue, but it’s not the only barrier. Getting medical devices to market often requires product design, development and marketing resources that aren’t always apparent to upstarts.
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Dodson Group hit crisis mode after trusted CFO suspected of theftRestricted Content

August 24, 2009
Peter Schnitzler
At first, small-business owner Jim Dodson figured the problem must be a technical glitch. During a routine analysis of aging unpaid invoices last September, one of his employees couldn’t tie the latest figures to the company’s ledger. Accounts receivable for his company, the Dodson Group, had been overstated by $2.7 million—double their true value. And $422,539 was missing from the firm’s coffers.
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Summer program turns teens into entrepreneursRestricted Content

August 17, 2009
Riya V. Anandwala
Eighteen students from Indianapolis’ Haughville neighborhood sold their wares— ranging from caps and sunglasses to purses to home-baked cookies—as part of a summer business-education program for low-income youth.
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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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Local company acquires monster truck series

August 11, 2009
 IBJ Staff
The Promotion Co Inc., an Indianapolis-based event promoter, said today that it has acquired the Monster Nationals series of monster-truck shows from Image Promotions Inc. in Chardon, Ohio.
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Vet supplier promises 30 jobs in Whitestown

August 11, 2009
 IBJ Staff
Idaho-based MWI Veterinary Supply Inc. said today it will establish distribution operations in Indiana by leasing space in Whitestown, creating more than 30 new jobs by the end of the year.
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Orr fellows finding opportunity in male-dominated tech industry

August 10, 2009
Jo Ellen Meyers Sharp
Many young women who have participated in the Governor Bob Orr Indiana Entrepreneurial Fellowship program have landed at high-flying local technology firms.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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Carmel tech staffing firm Sales Diesel closes

August 10, 2009
 IBJ Staff
Sales Diesel, a Carmel company that provided salespeople for technology companies, appears to be out of business. The firm’s Web site was taken down last week and calls to its 11590 N. Meridian St. offices were not returned.
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Brownsburg car detailer lands link to upcoming movie

August 10, 2009
 IBJ Staff
Mike Shumaker's Brownsburg firm Driven Auto Detail spiffed up a Porsche for the upcoming movie "Whistleblower," starring Matt Damon.
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Contractors, manufacturers hope clean-energy incentives, mandates lead to more businessRestricted Content

August 10, 2009
Chris O'Malley
Federal stimulus funds and greenhouse-gas legislation have the potential to spark a green version of the Gold Rush. Many Indiana firms are retooling to sell products or services that are or might soon be in demand.
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Hamilton County Alliance spins off entrepreneurial center

August 10, 2009
 IBJ Staff
The Hamilton County Alliance economic development group has spun off its Entrepreneurship Advancement Center, which serves fast-growing startup businesses in Carmel, Fishers, Noblesville, Westfield and the rest of Hamilton County.
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Barter network Tradebank opens branch in Indianapolis

August 3, 2009
 IBJ Staff
The barter network Tradebank has opened a franchise in Indianapolis with two veterans from Louisville.
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Is Indiana coming out of venture capital swoon?

August 3, 2009
 IBJ Staff
Carmel-based Dormir LLC’s announcement July 29 of $12 million in venture financing was the second local life sciences deal announced in July. It could suggest a turnaround from a woeful second-quarter performance, when Indiana life sciences firms announced zero venture capital deals.
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Downturn provides opportunity for restaurants hungry for expansionRestricted Content

August 3, 2009
Cory Schouten
The economic slump is giving independent local restaurants a shot at prime locations that in good times would be snapped up by chains.
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Arts festivals feel financial pinchRestricted Content

August 3, 2009
Kathleen McLaughlin
Art-show organizers are getting creative to keep their events alive as they struggle to attract sponsors and participating artists.
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Seniors are nation's fastest-growing group of entrepreneursRestricted Content

July 27, 2009
Peter Schnitzler
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout, for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s now 67 years old. And a first-time entrepreneur.
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Candle company cooks up products with a 'green' twistRestricted Content

July 27, 2009
Kim Puckett
After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple skirted heavy franchise fees and started Twisted Wick Candle Co.
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Consultant helps clients learn how to manage spaceRestricted Content

July 27, 2009
Ashley Odle
MoveSmart LLC works with business clients looking to make better use of their space, helping to design, furnish and adapt their offices for maximum efficiency.
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Earle Travel Co. perseveres despite flu scare, recessionRestricted Content

July 27, 2009
Riya V. Anandwala
Earle Travel Co. has been weathering challenges as the recession has deepened and H1N1 influenza spiked earlier this year. Those problems have nearly capsized many travel agencies, but co-owner Kelly Shea said Earle’s business slumped only 8 percent last year.
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Small-biz loan approvals for JuneRestricted Content

July 27, 2009
SBA loan guarantees for the month of June. These businesses have received loans from financial institutions with a guarantee from the SBA. Not all funds are disbursed immediately, and some approved loans are subsequently canceled.
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WOJTOWICZ: Stimulus is expanding small-biz lendingRestricted Content

July 27, 2009
Jean Wojtowicz
The economic stimulus package allocated $375 million to the U.S. Small Business Administration so it could offer more generous terms to small-business borrowers.
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Clients flee advisory firm for not-for-profitsRestricted Content

July 27, 2009
Kathleen McLaughlin
WorkPoint, an Indianapolis firm entrusted to handle finances for not-for-profits, has lost several clients in the past 12 months, and all for the same reason—missing money.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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