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Indianapolis Business Journal - August 3-9, 2018

Indianapolis Business Journal - August 3-9, 2018

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In This Issue

Front Page

These are boom times for Cummins, but will they last?

A BMO Capital Markets analyst forecasts the engine manufacturer iwill see 16.9 percent revenue growth this year and 5.8 percent growth in 2019 before seeing a 2.9 percent decline in 2020.

Mayor Joe Hogsett tries to chip away at poverty

The mayor said his administration has been “very intentional and purposeful” in trying to address the fact that more than 20 percent of Indianapolis residents—and a third of Indianapolis children—live in poverty.

New private equity firm targets smaller deals

Partners in Monument MicroCap Partners LLC include two former Hammond Kennedy Whitney & Co. CEOs and another former HKW partner.


Top Stories

Gen Con wants tech upgrades at convention center to stay in Indy

Whether Seattle-based Gen Con and local officials can now reach an understanding on technology could spell the difference between Indianapolis’ hanging onto its most prized convention and potentially losing it to another city.

Braun leans heavily on Trump campaign’s ad firm in U.S. Senate battle

No one has paid ad-firm Jamestown Associates more during this election cycle than Republican Mike Braun, who is challenging incumbent Sen. Joe Donnelly, a Democrat.

Q&A: Couple wears love of Indy on their sleeves

Scotty and Shannon Hunt last year launched Indy Over Everything, which makes and sells an Indianapolis-themed line of clothing.

Southwest Airlines trims routes from Indy to New York area, Boston

The airline cites low customer demand for the decision to eliminate nonstop flights to Newark, New Jersey, and Boston.

Local tech firm lands deals to run radio stations for airport, Georgia Street

Fishers-based audio marketing technology company Vibenomics Inc. on Tuesday announced it has signed deals with the Indianapolis Airport Authority and Downtown Indy Inc. to provide custom audio packages.

Eli Lilly's animal-health business files for initial public offering

Elanco Animal Health Inc. could see a market value of as much as $20 billion, according to Bloomberg Intelligence. At that valuation, a share sale could raise as much as $5 billion.

U.S. mall owners happy with steady, 'boring' results

Mall landlords, besieged for the past two years by the rise of online shopping and retailer bankrupties, are trying to push a new narrative of improving sales and increased demand for empty space at their properties.


Focus

Is your current password strong enough?

With rise of biometrics and other technology, some think it’s time to change security protocol.

Universities rush to meet cybersecurity job demand

Pretty much every school of note, including Indiana University, Purdue University, the University of Notre Dame, Ball State University and Ivy Tech Community College (which offers a well-regarded two-year associate’s degree certified by the National Security Agency) offers advanced education for students interested in cybersecurity.

John Babione: Your company’s first step for managing data privacy

A privacy assessment generally entails a privacy professional’s assessing an organization’s data, including the risks and vulnerabilities related to the company’s collection, storage, handling and disposal of data.


Opinion

EDITORIAL: CICF’s fight against racism is quest for equal opportunity

The foundation, which controls more than $800 million in charitable assets, is serious enough about confronting racism that it recently altered its mission statement to drive the point home.

GREG MORRIS: Time to ship out aggressive panhandlers

The city must take action to fix a problem that threatens the appeal of our downtown.

Tariq Al-Nasir: Why STEM could be the answer to childhood poverty

Now is the perfect time to turn our gaze toward the future and invest in one of the nation’s most undervalued resources, children who are born and grow up at or below poverty guidelines. For the state of Indiana, that is $25,100 for a family of four.

John McKenzie: Consumers lose if banks win with attacks on credit unions

Raising taxes on credit unions would effectively be increasing taxes on the more than 2 million consumers in Indiana who belong to them.

Michael Blickman: Yes, the customer can be wrong

Unfortunately, relying on handbook policies and management training is insufficient, particularly in today’s #MeToo environment.

BOHANON & CUROTT: Democratic socialism would be costly to middle class

Self-proclaimed democratic socialists call for an expanded and more extensive system of government entitlements.

HAHN: Savvy students, families pick colleges with eyes wide open

Funding a college education is an investment and, as with any investment, there should be a positive return.

LETTER: There’s no tariff tooth fairy

Really good article on the interventionist cycle by Bohanon & Curott on Aug. 3.

Letter: Ball State failed its alumni

The Ball State trustees’ decision keep John Schnatter’s name on the Center for Entrepreneurship is counter to the basic, Hoosier values of the university and state that we love.


In Brief

Joint venture acquires downtown office building, plans renovation

St. Louis-based Integris Ventures and New York-based Starlight Equity Partners paid about $3.1 million to purchase the seven-story building. It plans several more acquisitions in Indianapolis.

Witchey leaves homeless group to join Damien Center as CEO

Alan Witchey has stepped down as executive director for the Coalition for Homelessness Intervention and Prevention of Greater Indianapolis to take over leadership of The Damien Center.

State lawmakers consider expanding industrial hemp market

Legislators again are considering allowing farmers to grow industrial hemp, after an effort to legalize the product died in the General Assembly earlier this year.

Indiana wind farm to receive $300M expansion

Houston-based alternative energy company EDP Renewables North America announced Thursday that it plans to build 50 new turbines that will help power Facebook's Midwest data center.


Forefront

Marc Lotter: Special prosecutor should wrap up now

Despite the prayers, tears and pleading by the left and the media on cable news, the special counsel and his team of mostly Democratic lawyers and investigators haven’t released any evidence of collusion because, as President Trump has repeatedly said, there was no collusion.

Baron Hill: The country needs Mueller to continue investigating

The political children are at play here. But we need an adult in charge because the stakes are too high for our country.

Michael Leppert: America could use an update and a promise

It is all but certain that Mueller’s team has information that the public does not, whether complicating or mitigating for the president.

Riley Par: Socialism—where too many millennials get it wrong

Support for an ideology with such an abysmal track record to date is astounding.

Jennifer Wagner: This fall’s election is all about anger

The president keeps tweeting, and people keep getting more pissed off.

Mary Beth Schneider: The month that made the governor

For his first 18 months, he was seemingly more comfortable trying to build accord behind the scenes.

Marshawn Wolley: Time to get serious about passing a hate crime law

Why black legislators were rebuffed for so long is a question that needs answering.

Jennifer Ping: Why I told my #MeToo story to my son

It is up to all of us to work together to build a culture of respect.

Christina Hale: A man named Mohammed whom everyone should meet

Statewide, the evidence is all too clear: Our population and talent pool continue to decrease over time.

Curt Smith: Hoosier voters and Curtis Hill deserve due process

The issue is not the historic electoral margin. It is that he stands as a separately elected constitutional officeholder.

Deborah Daniels: Dan Coats is a hero who should not resign

It is critical that a person in his role continue to identify threats against our country for both the president and the public.

Abdul-Hakim Shabazz: My experience with ‘racial profiling’

I made sure that if there was going to be a problem, I was not going to be the catalyst.

Jim Shella: Attacks on media aren’t new—but this is different

It was a Jim Acosta moment, but I didn’t feel threatened. Times are different now.


Explore

Piggy popcorn, bacon smores among new treats to try at the fair

Some of the Indiana State Fair's food vendors venture each year into new or new-ish territory, whether simply for novelty or to actually try to find a new way to satisfy the hunger of Hoosiers.

MIKE LOPRESTI: Will Urban Meyer be the next mighty coach to fall?

The sports world is full of hall-of-famers whose careers ended abruptly.

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