February 20, 2006
Ed CallahanWhen a truck carrying a load of frozen chicken crashed on Interstate 74 near Batesville last month-mixing the meat with less-than-appetizing
ingredients like diesel fuel and coolant-Duke's Earth Services was high on the invite list for the impromptu barbecue. The
Mooresville-based environmental services company specializes in such unpleasant jobs: cleaning hazardous materials spills,
removing underground storage tanks, and checking construction sites for contaminated soil. And business is good. Duke's posted
revenue of $3.5 million in 2005, and leaders expect to...
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February 20, 2006
Tammy LieberDataSmith Technologies owner James Smith started looking almost two years ago for a building to house his business, his home
and possibly a revenue-generating tenant. What he ended up with was a dilapidated former bar on a struggling section of East
10th Street that had become a haven for vagrants. Smith took a chance on the building at 2032 E. 10th St., most recently home
to Mustang Sally's tavern, largely because of the involvement of the East 10th Street Civic...
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February 20, 2006
Scott OlsonA valuable piece of Hendricks County property slated for a mammoth warehouse and industrial park is pitting the neighboring
towns of Avon and Plainfield against each other. The two municipalities once were cooperating to annex the 882 acres together
and share the tax dollars generated by the $700 million investment that could attract 6,000 jobs. They stopped negotiating
last fall and now are employing separate tactics to claim the unincorporated land. Locally based Browning Investments Inc.
wants to build CentraLogistics...
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February 13, 2006
Matthew KishTwo wall-size murals now welcome people to Massachusetts Avenue. An abstract sculpture that looks like an Alexander Calder
tribute sits on a bridge in the Canal District. A towering blue and green obelisk marks the north end of Broad Ripple on College
Avenue. The works aren't part of an elaborate conspiracy by a renegade public artist. They're the result of two years of careful
planning by the city's Cultural Development Commission. In 2003, the commission designated five areas of the...
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February 6, 2006
Ed FeigenbaumA combination of arm-twisting, dealmaking and the sheer brute force of the Office of the Governor came together the last week
of January in a way Hoosiers seldom see. All the pressure was enough to keep Republican House members in line at just the
right time in the legislative process to keep the governor's Major Moves transportation plan moving. There was a lot of deep
exhaling at week's end, some from those in the Governor's Office doing the heavy lifting...
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January 30, 2006
Scott OlsonThree Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state's
slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start
for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year's end.
Overall, the number of companies that went public on the major U.S....
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January 30, 2006
Chris O\'malleyAdvertisements for mutual funds, watches and kolaches. Now as you wait at the gate for your flight, you'll even see ads on
electrical outlets. The Indianapolis Airport Authority on Jan. 20 was expected to approve a $65,000 marketing partnership
with Chase in what is the latest and certainly the most electrifying of all advertising schemes at Indianapolis International
Airport. These are desperate times for marketers. Too many ads are getting lost in the shuffle. And barraged consumers have
figured out...
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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...
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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...
More
January 23, 2006
Scott OlsonThree Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state's
slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start
for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year's end.
Overall, the number of companies that went public on the major U.S....
More
January 23, 2006
Chris O\'malleyAdvertisements for mutual funds, watches and kolaches. Now as you wait at the gate for your flight, you'll even see ads on
electrical outlets. The Indianapolis Airport Authority on Jan. 20 was expected to approve a $65,000 marketing partnership
with Chase in what is the latest and certainly the most electrifying of all advertising schemes at Indianapolis International
Airport. These are desperate times for marketers. Too many ads are getting lost in the shuffle. And barraged consumers have
figured out...
More
January 16, 2006
Chris O\'malleyCeladon Trucking plans by the end of April to install global positioning satellite devices on 1,350 of its trailers, an application
of technology that could pave the way for an inland cargo port in central Indiana. Tom Glaser, president of one of the largest
trucking lines hauling goods between the United States, Mexico and Canada, plans to urge state economic development officials
to build a multimodal port in Indiana that would include Mexican and Canadian customs-clearing facilities. Officials would
inspect,...
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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...
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January 16, 2006
Ed FeigenbaumWe've only made it through the first few days of activity, but already we can get a feel for what this session of the Indiana
General Assembly will focus on. Republican Gov. Mitch Daniels made it clear in his Jan. 11 State of the State Address that
he believes lawmakers should devote the bulk of their attention to a legislative agenda revolving around highway construction,
education, and local government reform and flexibility. House Republicans last week unveiled a broad series...
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January 9, 2006
Morton MarcusI drove north last week from the Caesar's gambling facility in Harrison County. Instead of taking the usual roads, I twisted
up the cliffside overlooking the Ohio River via Doolittle Road. Then I went through New Middleton to Corydon before I joined
the state highway system. It was a delightful drive that I never would have known about from anything on the state's tourism
Web site. Yes, I can hear the usual lament: "Wait, we're working on improving our materials....
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January 9, 2006
Ed FeigenbaumWhile most Hoosiers are focused on just how legislators are going to be able to cut residential property taxes again this
year, the real battle to watch will be the one over what Republican Gov. Mitch Daniels refers to as the jobs program of a
generation or more-his "Major Moves" roads initiative. What he wants boils down to this: finding a funding source for road
building and repair that will not rely upon taxes. He made it clear shortly after...
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January 2, 2006
Roland DorsonCincinnati USA. Charlotte USA. Indianapolis - Marion County - Indiana. Who is throwing the right welcome mat out to the world?
In the first two examples, those regions have said to the entire planet: "We are open for business. Come talented people-bring
your companies and organizations to our area; bring your families to our schools; live, work and play in our thriving community."
Our region," they say, "located at this juncture of latitude and longitude in the USA, wants you...
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January 2, 2006
Scott OlsonThe wheels are beginning to turn on a multi-county transit plan, now that the Central Indiana Regional Transportation Authority
is mostly in place. The authority, charged with coordinating and, ultimately, administering a regional transit system, was
formed at the end of 2004, about the time IBJ asked readers to rank the most pressing issues facing the city. The results
of the survey, published last January, revealed public transportation and congestion issues as the largest concern, followed
by the need for...
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January 2, 2006
Ed FeigenbaumWe've all become lulled into assuming that the so-called "short" session of the Indiana General Assembly in the even-numbered
years is the political equivalent of the practice of medicine: First, do no harm. In election years, lawmakers are reluctant
to do much beyond that which they must do to protect public health, safety and treasury. The short session originated as a
vehicle for handling emergencies arising between the odd-numbered-year budget sessions, and many legislators-particularly
those seeking re-election-didn't see much cause...
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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...
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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...
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December 19, 2005
Peter SchnitzlerThree and a half years ago, Plainfield-based cell phone distributor Brightpoint Inc. was on the ropes. Shares were worth less
than a dollar. The company had lost $53 million in 2001, and was on pace to lose another $42 million in 2002. Bankruptcy appeared
imminent. But Brightpoint prevailed over the long odds against it. Today, company shares trade for about $30 each. Adjusted
for stock splits, they've soared 125 percent in 2005, and nearly 8,000 percent since bottoming out in...
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December 12, 2005
Irving Materials Inc. in November deposited $2 million into an escrow account to provide funding toward any eventual settlement
it may make with the state of Indiana over price-fixing of ready-mixed concrete on state, local government and school projects.
In June, Greenfield-based IMI pleaded guilty in U.S. District Court to fixing prices on ready-mixed concrete in central Indiana
between July 2000 and May 2004. IMI also has agreed that the four principals who pleaded guilty, Fred R. "Pete" Irving, Price...
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November 28, 2005
"To improve Sacramento, learn from Indianapolis" was the headline of a column in the Nov. 18 Sacramento Business Journal.
It's always nice to get a compliment and some good PR. Turns out a delegation of nearly a hundred Sacramentonians-or is it
Sacramentites?-were here in October on a three-day study mission to learn how to become a great city. It was the seventh year
in a row for them to make a learning visit to another community. Tom Stallard, head of...
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November 28, 2005
Patrick BarkeyWhat can we say about the business climate in Indiana that other states aren't already saying about themselves? We think we
have a great quality of life, good access to transportation, and a hardworking labor force. So do they. We have a variety
of tax incentives, training grants and infrastructure improvements that we tout aggressively to those who would build or expand
here. So do they. In fact, one of the most remarkable trends over the last few decades has...
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!