Regional News

Daniels' push to cut costs, create metrics faces skepticism at PurdueRestricted Content

August 31, 2013
J.K. Wall
The former governor wants to change the rules of higher education. But first he must convince skeptical professors that his plans aren’t just politics, but actually good for Purdue.
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Wal-Mart steps up grocery ambitionsRestricted Content

August 31, 2013
Scott Olson
The Indianapolis grocery market is about to become even more competitive, as discount giant Wal-Mart embarks on a strategy to offer consumers a store design much cozier than its cavernous supercenters.
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Omnicity lured teen to invest, state saysRestricted Content

August 31, 2013
Chris O'Malley
State securities regulators allege that principals of Omnicity Corp. goaded a 19-year-old to invest $100,000 from his inheritance into the wireless broadband firm so that it could clinch the purchase of an Ohio carrier in 2010.
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Health firm plans move to Carmel, adding 675 jobs

August 30, 2013
 IBJ Staff
American Specialty Health, a California-based provider of wellness programs, plans to lease about 90,000 square feet of office space in Carmel and open its new headquarters next June.
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Subaru considers ways to fix its supply problem

August 28, 2013
Bloomberg News
Subaru,  which employs about 3,600 people in Lafayette, is taking measured steps to expand its production capacity, but today it is worried about running out of cars.
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Debt collectors brawling in courtRestricted Content

August 24, 2013
Dan Human
Todd Wolfe, the 41-year-old founder of Deca Financial Services in Fishers, is at the center of a legal feud with Educational Credit Management Corp., an Oakdale, Minn., not-for-profit that insures $35 billion in federal student loans.
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'Prototyper' sees business gain fizzRestricted Content

August 24, 2013
Dan Human
TWeatherford Inc. was launched in 2006 as a reseller for additive manufacturing equipment, often called 3D printers or rapid prototypers. It has done well with the machinery sales and rentals, but has begun providing actual manufacturing services on a larger scale.
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Youth agency finds shelter under Children's Bureau umbrella

August 23, 2013
Andrea Muirragui Davis
Children’s Bureau Inc. is taking over operations of a Noblesville not-for-profit in “fiscal distress” after the smaller agency lost a key federal grant.
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Cummins to announce engine contract, more jobs

August 20, 2013
 IBJ Staff
Columbus-based Cummins Inc. plans to announce Tuesday afternoon an agreement with Nissan Motor Co. to supply diesel engines for Titan pickup trucks.
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Noblesville planning riverfront park with amphitheater

August 19, 2013
Andrea Muirragui Davis
City leaders are working to acquire 6.4 acres of property along the White River for a park—complete with an open-air amphitheater—that would extend the city’s downtown area to the west.
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Pittman family finally moving forward on mixed-use Zionsville projectRestricted Content

August 17, 2013
Andrea Muirragui Davis
After decades of choosing to wait, a Zionsville family is moving forward with a $90 million mixed-use project on the high-profile corner of Michigan Road and Sycamore Street.
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Utilities fall short on efficiency spendingRestricted Content

August 17, 2013
Dan Human
Indiana’s largest power companies are set to reimburse their customers $32 million after falling short on spending for energy efficiency last year.
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Brownsburg town council head named new state auditor

August 15, 2013
Associated Press
Indiana Gov. Mike Pence announced Thursday morning he had selected Dwayne Sawyer for the position. Sawyer has been a member of the Brownsburg Town Council since 2009 and became its president last year.
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Flaherty making big pitch on Range Line Road project in Carmel

August 10, 2013
Andrea Muirragui Davis
Flaherty & Collins Properties is floating two redevelopment ideas for a seven-acre parcel on the edge of Carmel’s tony downtown, but both require public support that casts uncertainty over the project.
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Crowd funding taps passionate fan base for fantasy figurinesRestricted Content

August 10, 2013
Dan Human
A growing number of small game companies will join a pantheon of industry titans starting Aug. 15 at the Gen Con Indy gaming convention. The small guys are there largely because they can get the money they need to keep themselves alive via the fundraising technique known as “crowd funding” or “crowd sourcing.”
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Subaru parent set to reevaluate strategy amid rapid growth

August 9, 2013
Bloomberg News
Executives at the company, which counts Toyota Motor Corp. as its biggest shareholder, will begin discussions this month through next year to determine the long-term direction of the Tokyo-based company.
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U.S. 31 upgrade might begin in fall, INDOT says

August 8, 2013
Associated Press
INDOT said Wednesday it has awarded a $141 million contract for upgrades between 96th and 136th streets in Carmel to a joint venture between E&B Paving Inc. of Anderson and Gradex Inc. of Indianapolis.
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Carmel council axes funding for redevelopment commission boss

August 6, 2013
Andrea Muirragui Davis
Carmel City Council members exerted their influence over redevelopment commission expenses Monday, denying a $60,000 contract extension for longtime Executive Director Les Olds despite Mayor Jim Brainard’s pleas to keep him on the job.
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Online markets help Indiana growers find new customers

August 4, 2013
Associated Press
Online "food hubs" have emerged as small and medium-sized farmers have worked together to find quicker and broader ways to distribute their produce.
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Delta Faucet builds innovation machine in CarmelRestricted Content

August 3, 2013
Dan Human
One of Indiana’s most innovative companies in the past decade doesn’t make surgical instruments or drugs or engines. It makes water faucets and toilets. Delta Faucet Co. has secured 589 patents in the past 20 years.
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Regulators: JPMorgan owes $410M for price manipulation

July 30, 2013
Associated Press
The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from two power grid operators, including the Midcontinent Independent System Operator, which is based in Carmel.
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Local firms team up to buy North Meridian office building

July 30, 2013
Scott Olson
REI Real Estate Services LLC and Perennial Investments say that together they'll invest about $1 million in hopes of getting the office building at 550 Congressional Blvd. fully leased.
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Developer puts key Zionsville parcel under contract

July 29, 2013
Scott Olson
The vacant piece of land on the southwest corner of Main and Sycamore streets, once home to a Citgo gas station, is viewed as a vital link between the historic village and development to the south.
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Software firm finds beer business is a frothy marketRestricted Content

July 27, 2013
Dan Human
Carmel-based Blue Horseshoe Solutions develops software that manages supplies, warehousing, deliveries, worker productivity and other logistical complexities connected with any number of goods-producing businesses, but about 25 percent of its business falls within the beverage category.
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Bank seeks abatement to construct office space along I-69

July 27, 2013
Andrea Muirragui Davis
Economic development leaders in Fishers are asking the Town Council to OK a six-year property tax abatement to help First Internet Bancorp construct as many as two office buildings.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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