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Indianapolis Business Journal - May 8-14, 2017

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In This Issue

Front Page

Pressure escalates to mint tech talent after giant job announcement

A shortage of available talent to fill the thousands of jobs that tech companies like Infosys plan to offer has local leaders powwowing about ways to flood the tech pipeline.

BEHIND THE NEWS: Reading the tea leaves after Angie's List sale

No one knows how the $505 million sale of Angie’s List Inc. to New York media and internet company IAC will affect local employment, but the buyer doesn't seem interested in slash and burn.

Label maker DuraMark sees 'immense' growth prospects

The company says it patented all-digital production process allows it to produce labels faster, cheaper and in smaller quantities than by the traditional screen printing method.


Top Stories

Kiwanis' first major ad campaign seeks to put youthful face on brand

Most people are aware of the Kiwanis Club. Sort of. Precious few know what the 102-year-old organization actually does.

Coalition prepares for another tobacco tax push in next year's legislative session

Supporters of a cigarette tax hike are reviewing their strategy to see whether this year’s loss was a case of bad timing, faulty messaging, poor execution or just plain bad luck.

Proposed zoning along U.S. 31 in Carmel would allow residential, more retail

The city is considering eliminating the highway's Corridor Overlay, which prohibits residential use and restricts retail, parking, and building locations and sizes.

Celadon execs avoid live questions in brief conference call

The troubled Indianapolis-based trucking company conducted a conference call Wednesday to answer questions about its latest accounting issues, but the call lasted 18 minutes and investors didn't get to talk.

Ambrose's $550M proposal chosen to revamp GM stamping plant site

The local developer's plan for the problematic downtown property calls for 2.7 million square feet of development, including 250 apartments in the first phase, office and retail space, a hotel and public green space.

Butler set to start work on $49M School of Business building

Construction on the four-story structure should start next month and will continue a campus transformation featuring more than $220 million in projects.

With loss of pharmacies, Marsh can no longer sell hard liquor

State law prohibits grocery stores without pharmacies from selling spirits, prompting Marsh to offer big discounts on its inventory.

City set to rescind tax breaks for planned Interactive Intelligence expansion

The company that bought Interactive Intelligence last year for $1.4 billion has fallen short of the Interactive's hiring and investment goals and is vacating a new, $12.4 million office building on the northwest side.


Focus

Life sciences firms see some fundraising success but need massive sums

Around Indiana, life sciences companies are searching high and low for venture capital to fund promising but expensive new products, which can take a decade or longer to develop.

EILENBERG: Are we at a tipping point in health care disruption?

Will the health care sector be disrupted by one big change or through a series of smaller changes?

Transcript of April 28, 2017, Life Sciences Power Breakfast panel discussion

IBJ's Life Sciences Power Breakfast was held April 28, 2017, at the Marriott downtown. Here's the full transcript.


A&E, etc.

LOPRESTI: Plenty of history—and history in the making—at Indy 500

The 101st doesn't have the same ring to it, but there is no shortage of story lines this May.

LOU'S VIEWS: IRT calls on old-fashioned pleasures with “Dial ‘M’ for Murder”

One of the classics in the thriller genre still has some life in it.

DINING: Butcher shop also cuts it as a sandwich maker

Without inside tables, a wait staff, or even plates, Joe’s Next Door is still worth visiting.


Opinion

EDITORIAL: Aggressive economic development attitude pays dividends

State must continue to ‘lean in’ as it works to ensure Indiana can fill thousands of new tech-sector jobs with qualified workers.

DRAGOO & STEPHENS: Men must help pave way for women

We need men to be real partners at work, not just at home. We need men to “lean in” alongside women not only to ensure that both women and men have opportunities to lead but also to enable their organizations to thrive, innovate and compete.

KENNEDY: Whistling in the dark

The rise of populism, increasing racial resentments and anti-immigrant rhetoric, the widening divide between flourishing cities populated with skilled workers and emptying rural areas pock-marked with abandoned factories and stores should be a wake-up call.

MERISOTIS: When looking back moves people ahead

The state can improve upon its 41 percent rate of residents age 25 to 64 with education beyond high school by encouraging much greater use of reverse transfer.

BOHANON & STYRING: Strong U.S. government is desirable, within limits

The Federalist Papers regarded federalism and its cousin, the separation of powers, as surer bulwarks of liberty than anything written into the Bill of Rights.

KIM: How new owners turned Twinkies into solid gold

The tale of Hostess' demise and rise from the ashes is a fascinating case study of iconic brands, mismanagement and how private equity/buyout firms can make mind-boggling sums in the blink of an eye.

LETTER: Trump budget hits rural areas hard

In President Trump’s proposal, the community development block grant budget would be completely eliminated. If approved, this decision could be devastating to many Indiana communities.

LETTER: Ricks should detail how to cut spending

The Lilly CEO's commentary would gain strength and legitimacy if he told us how to make up the revenue lost to tax reform.


In Brief

Duke Realty selling medical office business for $2.8B

The massive deal—which includes 6.6 million square feet of space spread across 71 buildings that are in operation and five that are under construction—will leave Duke as solely an industrial real estate company.

Voters approve three Hamilton County school referendums

Carmel Clay Schools and the Sheridan Community School Corp. had proposed seven-year tax hikes for operational funding, and Westfield Washington Schools asked taxpayers to cover the costs of $90 million in construction projects.

BorgWarner plans to spend $28M on new Noblesville tech center

BorgWarner Inc. is set to close two technical centers in central Indiana and consolidate them into a newly constructed facility in Noblesville that will house more than 300 high-wage employees, the Hamilton County city announced Wednesday afternoon.

Indiana governor signs measure closing cold beer sales loophole

Indiana Gov. Eric Holcomb took the opportunity to also call for a review of the state's alcohol laws.


Forefront

LUCAS: Short answer: Hell, yes

I view gun laws that inhibit lawful carry as extremely dangerous. They only make innocent people who follow gun laws easy victims for those who don’t follow gun laws.

DELANEY: The long view: Licensing makes sense

The law requiring a gun license is supported by logic. Weapons can be dangerous and attention needs to be paid to who has them and how they are used.

Fight against opioid crisis must be nuanced

WAGNER: Ensuring the darkness always gets some light

It was a relief last month when Gov. Eric Holcomb got out his veto pen for the very first time to strike down a proposed law that would have permitted units of government to charge up to $20 an hour to produce public records.

LANOSGA: Providing public records is part of public duty

Taxpayers have already paid for the compilation and disclosure of public records.

SCHNEIDER: Time for independence in redistricting is now

Of the 50 senators, 17 had no opponent in their last election and 22 won with at least 60 percent of the vote. In the 100-member House, 27 lawmakers were unopposed in 2016 and 57 won with at least 60 percent of the vote.

RITZ: A common-sense way to college- and career-readiness

Moving away from the passing of high schools tests in English and math and toward demonstrating college- or career-readiness through a graduation pathway gives students many options to achieve an Indiana diploma tailored to their graduation goals.

DANIELS: Ups and downs in a new DOJ administration

Occasionally, something has happened in the new Justice Department administration to give me pause.

SMITH: We need some eat-your-peas Republicans

For a burst of bipartisanship-budgeting to have any chance of occurring, let alone succeeding, we need a public with an appetite for change and greater financial frugality.

WOLLEY: Trump's first 100 days leave us wanting

No major legislative accomplishments. Plenty of fights with the judicial branch. Wild accusations and enough scandals to make me feel like I am watching the show “Scandal” rather than the real news.

LEPPERT: Statehouse dramas fit for Netflix

“Intent” is often a funny thing in the Statehouse. It also is often meaningless.

SHABAZZ: Kudos to a merit system for picking judges

Under the old system, unless you were the ultimate insider, Marion County voters didn’t have much say in the process.

HALE: Indiana Humanities helps Hoosiers connect, engage

Here in Indianapolis, more people attend cultural events than they do sporting events, generating a stronger economic impact.

This isn’t tax policy; it’s a Trump-led heist

Crime and different punishments

The president’s degradation of the language

You’re too busy. You need a ‘Shultz Hour’

Lessons unlearned from the ’92 LA riots


Records

Records for May 8-14, 2017

Here are the records listings for May 8-14, 2017.

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