Indianapolis Business Journal - March 2-8, 2018


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In This Issue

Front Page

Governor sees international travel as crucial piece of eco-devo strategy

Holcomb and his top economic development official, Commerce Secretary Jim Schellinger, traveled to 11 countries and 31 cities in 2017.

IndyGo's daunting task: Turn drivers into health fanatics

Since starting a wellness program in 2010, IndyGo has seen employee participation climb from just a few, skeptical workers to 97 percent of the workforce.

Top Stories

Legislature to weather an exodus of veterans by November

Twenty of the 150 members of the Indiana General Assembly have either resigned, announced intentions to leave, or are not seeking re-election this year.

By 2019, IndyCar needs to strike broadcast deal, find replacement for title sponsor Verizon

Hopes within the series are high that it can land a future broadcast agreement in the next month or so and a title sponsor before the season concludes in September.

New Conexus CEO wants Hoosier businesses to embrace cutting-edge technology

Former Angie’s List COO J. Mark Howell is looking for ways to help the state’s advanced-manufacturing and logistics industries navigate a changing technology landscape.

Biglari works his critics into an uproar—again

Sardar Biglari might talk a good game about being a champion of shareholders, but his biggest critics view him as a hypocrite—thanks to a series of moves that furthered his control over the business, the latest of which has spurred one lawsuit and seems sure to spark others.

Q&A: Opening doors for women through welding

Consuelo Poland, who oversees the Ruckus makerspace at the Circle City Industrial Complex, has launched a not-for-profit, the Latinas Welding Guild, to teach women how to weld.

Developer plans $9.5M town house project near old Milano Inn site

Onyx+East is buying a one-acre lot off of South College Avenue and plans to build eight buildings containing 35 residential units.

Roche's struggling diabetes unit looks toward 'monster' for boost

Roche Holding AG—the Basel, Switzerland-based parent of Indianapolis-based Roche Diagnostics—has enlisted a little green gremlin to help rescue its diabetes business after a decade of declining sales.

Fertility doctor's secret creates special kinship decades later

Dr. Donald Cline, a retired Indianapolis fertility specialist, secretly inseminated dozens of unwitting patients with his own sperm decades ago. Now, many of his offspring are trying to make the most of the long-hidden family ties.

Veteran pain-management doc lines up tens of millions for Midwest expansion

American Pain Consortium Holdings LLC, led by Dr. Edward J. Kowlowitz, plans to operate 15 to 20 pain-management practices within three years.


$15.3M Walker Theatre rehab to return shine to community gem

A three-way partnership substantially brightens the future of the venue, which has offered minimal programming in recent years and badly needs upgrades.

Brown closes Mass Ave eatery, plans new restaurant project with Oesterle

One day after shutting down his upscale southern European eatery in the Mass Ave district, local restaurateur and chef Neal Brown disclosed he was moving on to an even bigger project in partnership with former Angie's List CEO Bill Oesterle.

Flaherty & Collins plotting $75M project in Cleveland

Flaherty & Collins, which is wrapping up its $120 million 360 Market Square apartment project in Indianapolis, has reached a development agreement for a $75 million mixed-use project in the Cleveland suburb of Cleveland Heights.

Major office project with grocery store proposed for 16th and Capitol

A local ownership group has filed plans to construct a 250,000-square-foot office building with a 40,000-square-foot grocery store, in addition to a parking garage and smaller office building.


EDITORIAL: Anthem’s silence about Indy HQ is cause for self-reflection

Anthem Inc.'s refusal to confirm it plans to keep its headquarters in Indianapolis serves as a stark reminder to government and corporate leaders of the fragility of corporate headquarters.

FELTMAN: Second of three letters to Amazon's Bezos

To use your words, Mr. Bezos, many of Indiana’s top business leaders didn’t look past inequality. 

MANZO: Construction wage repeal hasn’t delivered as promised

New research from the Midwest Economic Policy Institute and Colorado State University economist Kevin Duncan has found that repeal of Indiana’s prevailing wage law has not only shrunk wages and increased income inequality, it has failed to make construction projects any cheaper.

NEFF: What drives an investor to invest in a startup?

Like any venture capitalist, I will tell you that two-thirds of investments generally fail; it’s the one-third you expect to be blockbusters that will carry the economics.

WORKPLACE: The merits of trading busy for something better

We use the word busy to describe how we are doing, we use it to measure our success at work, and we use it to describe our family lives.

BOHANON & CUROTT: Financial aid frees up funds for alternate uses

An underappreciated principle of economics is the fungibility of resources.

SKARBECK: Investors finally realizing hedge funds are shaky bet

When you consider that hedge-fund fees are often spread around among a host of “placement agents, you begin to understand why the hedge-fund industry has grown to near $3 trillion.

In Brief

DowDuPont unveils name for ag division: Corteva AgriScience

The agricultural spinoff includes the Indianapolis operations of the former Dow AgroSciences headquarters, which employs about 1,500.

Political Action Committee formed to back IPS tax-hike referendums

Local business and community leaders have formed a political action committee, named “Vote Yes for IPS,” to support the upcoming May 8 primary referendums.

Insurance giant GEICO adding 1,400 jobs at Carmel offices

The Chevy Chase, Maryland-based insurer said it will nearly double the size of its offices at 101 W. 103rd St. with the addition of 104,000 square feet.

Cushman & Wakefield names new office leader

Timothy Michel assumes the role of managing principal from Chris Yeakey, who had served in the position since November 2015.

Indy Tire & Auto Service takes on new name

Indianapolis-based Indy Tire & Auto Service has a new name: Best-One of Indy.

Transportation agency director to retire

Lori Kaplan, executive director of the Central Indiana Regional Transportation Authority, has led the organization two years.

Special Sections

2018 Health Care Heroes: Nurse-Family Partnership

The Nurse-Family Partnership pairs Medicaid-eligible, first-time mothers-to-be with registered nurses who coach them through their pregnancy and beyond.

2018 Health Care Heroes: Pediatric Center of Hope

The Pediatric Center of Hope starts picking up the pieces for sexually abused children the minute they walk into the exam room.

2018 Health Care Heroes: Crooked Creek Food Pantry

Organizers of the Crooked Creek Food Pantry estimated they would serve 200 families a month when the pantry opened in 2015. At last count, 1,200 families a month shop there, filling their carts with mostly healthy food options, at no cost.

2018 Health Care Heroes: Dr. Robert Batler

Dr. Robert Batler learned of a more effective method for early detection of prostate cancer and brought it to central Indiana.

2018 Health Care Heroes: Franciscan Hospice House

The opening of the Franciscan Hospice House in 2015 gave the terminally ill a home-like place to die with dignity.

2018 Health Care Heroes: Riley Precision Genomics Program

Kids with aggressive or recurring cancers have a new team looking out for them at Riley Hospital for Children at Indiana University Health.

2018 Health Care Heroes: Dr. Krista Brucker

Dr. Krista Brucker's mission is to rescue the opioid abusers who crowd the Eskenazi Health emergency department every day.

2018 Health Care Heroes: Dr. Paula Gustafson

Dr. Paula Gustafson is a legend of sorts in Shelby County, where she's both pediatrician and sleuth.

2018 Health Care Heroes: Dr. Elisabeth von der Lohe

Dr. Elisabeth von der Lohe started a women’s heart clinic at IU Health’s Methodist Hospital in 1998, an effort that gained traction as recognition grew nationally that diagnosing and treating heart disease in women and men weren’t one and the same.

2018 Health Care Heroes: Paige Dooley

Paige Dooley brings passion, enthusiasm to patients and co-workers at Community Hospital East.

2018 Health Care Heroes: Greg Denniston

Greg Denniston is a certified recovery specialist at Aspire Indiana, a job he found the hard way, part of a long journey that started with a mental breakdown in 1985.

2018 Health Care Heroes: Joani Rothenberg

St. Vincent art therapist Joani Rothenberg helps patients lose themselves in the creative process.

2018 Health Care Heroes: Denise Whitfield

The Pet-a-Pet program, staffed by dogs who brighten people’s day, is a happy mash-up of Denise Whitfield’s care for patients and her interest in training and showing Shetland Sheepdogs.

2018 Health Care Heroes: Emma Stumpf

Teenage cancer patient Emma Stumpf is on a mission to share with others the relief she finds in art.

2018 Health Care Heroes: Bud Swineford

Bud Swineford is in his 25th year of door-to-door fundraising for the Alzheimer's Association Greater Indiana Chapter.


Records for March 9-15, 2018

Here are the records listings for March 9-15, 2018.


Eiteljorg show looks at the good, the bad, and the ugly of Hollywood Westerns

There’s no denying the cinematic Western has helped define America—for good or ill. 

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