Indianapolis Business Journal - February 13-19, 2017


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In This Issue

Front Page

Grant in limbo adds doubt to key transit vote

Federal inaction on a $75 million grant IndyGo is counting on to help fund a planned rapid-transit bus line is complicating a City-County Council decision about a transit tax increase.

Widely supported work-sharing bill dumped—again

The Indiana Chamber of Commerce, organized labor groups and a bipartisan group of lawmakers have for years pushed the Legislature to implement a work-sharing program.

Top Stories

Noblesville’s Corporate Campus fills in with homes, restaurants, retail and more

Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.

Undaunted, HHGregg CEO sees clear path to turnaround

Robert Riesbeck, appointed to the top job last year, says growth opportunities in appliances and furniture are sufficient to offset declines in the company's battered consumer electronics product line.

Delta Faucet springs back, expands HQ, plans to hire

From 2007 to 2010, the Carmel-based manufacturer laid off about 1,000 employees. But its commitment to stay invested in R&D has paid off.

IHPC administrator more than ‘hired help’

For 30 of the commission’s 50 years of existence, David Baker has been a powerful but low-profile force in saving some of the city’s oldest structures from demolition.

Jonathan Byrd's pulls back from big role in Grand Park

The multi-faceted food-service company confirmed Monday that it has ended almost all of its involvement with the 400-acre sports campus in Westfield.

Carmel plans $23 million expansion of Monon near City Center

The project will transform what is now a 12-foot-wide path into a 140-foot-wide area from City Center Drive northward to 1st Street Southwest—a stretch of roughly a half-mile.

A&E, etc.

LOPRESTI: A trailblazer’s flesh and blood returns to Hinkle 70 years later

Bill Garrett endured racial prejudice on the way to the 1947 state basketball championship.

DINING: New Asian spot offers mixed bag for downtown dining crowd

The unexceptional exterior hides a comfortable restaurant where friendly service, nice presentation and fair prices cover for adequate food.


CEO PERSPECTIVE: Defining tech’s many facets

As technology permeates companies and industries, there is increasing talk that every company is becoming a tech company. So how are we to make sense of these blurring lines between businesses?

SAYSANA & FULLER: Hospitals collaborate on safety issues

The Indianapolis Coalition for Patient Safety provides a forum for area hospitals to share information about best practices and work together to solve patient safety issues.

WATSON & McGUIRE: New transit system would help students

Having good, reliable transportation is paramount to ensuring that our students can take full advantage of their academic opportunities.

FEIGENBAUM: Lawmakers should look past status quo to future needs

We seem to be approaching another series of game-changers, and lawmakers seem largely devoid of institutional memory about how related changes evolved—or failed to do so, to our detriment.

KIM: Despise Patriots, but follow their play-to-win approach

Playing to win involves an intensification of effort and continual risk taking. The equivalent for playing not to lose is conservatism and trying to avoid costly mistakes.

BOHANON & STYRING: Airbnb critics unwisely toy with property rights

Clear and enforceable property rights are at the core of any prosperous and free economy.

LETTER: Use DNA to solve crimes

Do you need a 100 percent guarantee that it will solve every crime before you’re willing to consider keeping DNA from suspects who aren't convicted?

LETTER: IEDC has training program

Rather than creating a new incentive program, a much more potent, effective and readily available solution already exists: Simply increase funding to Indiana’s Skills Enhancement Fund.

In Brief

Anthem vows to appeal ruling blocking $48B Cigna purchase

While Anthem said it was "significantly disappointed" by the judge's order and would seek an expedited appeal, Cigna said only that it "intends to carefully review the opinion and evaluate its options in accordance with the merger agreement."

Jury still out on Marion County courts going to proposed jail location

Judges have an aggressive timeline for making the decision whether to move courts to the Twin Aire neighborhood with the city's proposed criminal justice complex.

Restaurateur Brown to close Mass Ave Pizzology, open new eatery

Neal Brown, who's already busy taking over the Recess space south of Broad Ripple for a new eatery, also is cooking up something new in the current location of Pizzology on Mass Ave.

New owner of local Sylvan centers moving all three

Following his recent purchases, Ken Kolbow plans to move the tutoring facilities to locations where he thinks he can attract more students.

Two new stores coming to Fashion Mall, two others expanding

The arrivals and expansions follow a busy year for the upscale north-side mall, which saw plenty of activity in 2016.


GOODIN: Early education too important to limit its reach

At a time when everything indicates more should be done to spread state-funded pre-K statewide, the tendency of many legislative leaders is to dawdle

BEHNING: Pre-K pilot programs should be expanded responsibly

Right now, Indiana is not ready to provide universal, statewide pre-K.

HALE: People are getting involved—and that's good

Regardless of what you think about the new Trump administration, you are likely to feel passionate about it.

RITZ: State must be equitable in students access to technology

For about $17 million over the biennium, the state could begin to make sure all schools are at connectivity levels that would allow them to seriously address equity in technology access for our children’s learning.

IRELAND: Universities overstep bounds on executive order

I have grown accustomed to being a political minority in the classroom—studying journalism and public affairs only furthers this reality. In many ways, this has benefited my education; but, as I enter my final semester, I am concerned by our academic leaders’ foray into politics.

SHELLA: Good journalism needed now more than ever

As a political reporter, I am often asked to speak about how the media works to groups that include the Lugar Series, the Agricultural Leadership Institute, freshman lawmakers, General Assembly staff and others. I tell them most reporters are biased only in favor of a good story.

SCHNEIDER: A bipartisan recipe for failed government

I’d urge Republicans to remember that with incredible power comes incredible responsibility. Now, more than in split government, those in power must pay attention to not just those who voted for them but also those who didn’t.

SHABAZZ: Indiana black Democrats right to demand diversity

Since 2004, Indiana Democrats have had only one African-American running on the statewide ticket. It was Vop Osili, who ran for secretary of state in 2010.

LEPPERT: Hiding behind a wall never works

I have found through researching the famous walls of history that they all have one thing in common: Their intended purpose and usefulness are uniformly temporary.

SMITH: Indiana's part in the Supreme Court dance

Now comes the first truly titanic fight of the new Trump/Pence administration: Indiana will be at the center of this battle to confirm a new U.S. Supreme Court justice.

WAGNER: Democrats must capture the nation's energy

It’s going to be a long four years, but we’ve got to get through it—and make sure our democracy comes out alive.

ROBERTSON: GOP Congress needs to bring stability to the economy

Businesses need a predictable environment. Government needs to live within its means and have balanced budgets to ensure businesses feel secure in their planning.

SHEPARD: Time to turn plan for state archives into reality

A new archives building has been on the public radar since a moment 20 years ago when water leaks at the Indiana State Library threatened to destroy some of our most important and irreplaceable history.

DANIELS: McClelland right choice to fight opioid epidemic

Jim McClelland will focus on reducing the number of deaths from overdoses, expanding access to evidence-based treatment for those who are addicted, and reducing exposure of Hoosiers to opioids.

WOLLEY: Indy's civic culture has awakened

Indy is experiencing a heightened level of civic engagement and interest in the future. Folks are looking for marching orders.

Trump’s called populist, but populists protect consumers

A merciful immigration policy, but with strings attached

Special Sections

2017 Forty Under 40: Nadia Nguyen Adams

Whether working to speed up the discovery-to-implementation pipeline for life-changing medication or scaling up new models of care, Nadia Nguyen Adams leads a team striving to make a real difference to her patients.

2017 Forty Under 40: Haley Altman

After becoming an equity partner at Ice Miller, Haley Altman made a bold move. "I saw an opportunity to make it easier for my fellow lawyers to do their jobs."

2017 Forty Under 40: Yaw Aning

Yaw Aning grew his entrepreneurial company, which focuses on helping build tech products from four to 16 employees, tripling revenue and launching 70 web and mobile applications. He’s attracted such clients as the Indiana University Kelley School of Business, Bluebridge, and CoatChex, which appeared on “Shark Tank.”

2017 Forty Under 40: Andrew Appel

An active board member for Noble of Indiana and passionate advocate for Holliday Park, Andrew Appel opted (without pressure) for a key role in his family business.

2017 Forty Under 40: Baindu Lucy Bayon

One of only a few African-American women in biomedical science, Baindu Lucy Bayon is earning recognition for her own research and for her steadfast outreach to help open doors for others in STEM fields.

2017 Forty Under 40: Ryan Brady

As leader of donor services for The Glick Fund, Ryan Brady helps guide philanthropic dollars that change the face of central Indiana.

2017 Forty Under 40: Carl Chambers

Overseeing 20 restaurants (and counting)—and helping open 12, including Vida, Livery and Union 50—for the fast-growing restaurant group, Carl Chambers is helping shape the dining habits of central Indiana and beyond.

2017 Forty Under 40: Scott Davis

Recognized as one of 14 “Rising Stars of Public Funds” by Institutional Investor News, Scott Davis is responsible for a $30 billion pension plan for state employees, teachers, police and firefighters.

2017 Forty Under 40: Peter Dinwiddie

After working his way up through the Pacers organization, Peter Dinwiddie knows the game inside and out.

2017 Forty Under 40: Mark Fisher

As one of the key connectors in the city, Mark Fisher is an instrumental player in bringing together businesses and other organizations to impact quality of life in Indianapolis.

2017 Forty Under 40: Brian Garrison

As board member for KIPP Indy Public Schools and through his work with Teach for America, Brian Garrison has demonstrated an ongoing commitment to equity in education.

2017 Forty Under 40: Tom Hanley

Emerging from a tragedy to create a business based on his passion, Tom Hanley established a not-for-profit that promotes health, wellness and exercise for local 5- to 18-year-olds.

2017 Forty Under 40: Laurel Judkins

After a career primarily in government, Laurel Judkins in 2015 joined Cummins, helping amplify the company’s voice in matters of technical innovation, international trade, community involvement and equal rights as it works to raise its profile in Indianapolis, where it recently opened its high-profile distribution headquarters.

2017 Forty Under 40: Anna Obergfell Kirkman

Anna Obergfell Kirkman has built a medical-legal partnership that helps get Eskenazi patients assistance with a whole range of legal issues.

2017 Forty Under 40: Jason Kloth

A former award-winning teacher, Jason Kloth has gone beyond the classroom to work for improving education around the state.

2017 Forty Under 40: Tony Knoble

Tony Knoble was just 24 years old when he took a chance with TWG, and the company has now completed $392 million in development, totaling 44 housing communities and 2,500 units.

2017 Forty Under 40: Tiffany Kyser

Tiffany Kyser works with scholars, researchers and educators in 13 states to ensure that schools and state departments of education abide by civil rights laws. In her downtime, she’s helping to change the face of the east side.

2017 Forty Under 40: Jason Larrison

Helping create the Super Bowl Village and managing restoration of the Soldiers & Sailors Monument were among Jason Larrison’s achievements before he became a key player in the Hogsett cabinet.

2017 Forty Under 40: Craig Lile

Craig Lile, creator of the pioneering music site My Old Kentucky Blog, is also a partner in recently expanded music venue The Hi-Fi and prolific concert producer MOKB Presents.

2017 Forty Under 40:Daniel Maddox

Daniel Maddox is the fourth-generation leader of Citizens State Bank, which his family has owned for 143 years. He’s not merely a caretaker. Under his watch, the bank has grown from $300 million in assets to more than $500 million with two central Indiana locations added in the last two years.

2017 Forty Under 40: Jill Margetts

Jill Margetts joined Centerfield in 2007—which has invested in more than 40 companies—near the end of its first fund and during the launch of its second. It’s now on its fourth, “and with each new fund, the firm’s size and investor base has grown,” she said.

2017 Forty Under 40: Teresa Mastracci

A rising-star diabetes researcher, Teresa Mastracci was recruited as the Indiana Biosciences Research Institute’s first independent investigator.

2017 Forty Under 40: Steven Meyer

Steven Meyer and his organization have been key drivers in the development of neighborhoods north of downtown through public and private partnerships.

2017 Forty Under 40: Andrew Miller

As the youngest principal at one of the largest public affairs and lobbying firms in Indiana, Andrew Miller is at the forefront of connecting businesses, not-for-profits and other groups to government.

2017 Forty Under 40: Craig Mince

Craig Mince runs the state’s biggest movie house (by screen size) while expanding innovative Indy Film Fest offerings throughout the year.

2017 Forty Under 40: Jackie Morales

Jackie Morales and her company have been vital in finding employment for immigrants and refugees.

2017 Forty Under 40: Ryan Nagy

Nagy leads the medical team at one of the nation’s top health care systems. “Education, research and clinical medicine—most hospitals do that to some degree,” Nagy said. “We do it to the max on all fronts.”

2017 Forty Under 40: Ryan Pfenninger

Ryan Pfenninger has helped grow an email company to a position as an industry leader, with customers that include Marketo, Sailthru and Adobe.

2017 Forty Under 40: Reza J. Rasoulpour

“I consider myself an environmentalist and a public health advocate” said Rasoulpour, who leads a team developing new tools for farmers while also ensuring that “the human health and environmental safety profile for the new products is always more favorable than the products they are replacing.”

2017 Forty Under 40: Stephen Reynolds

Stephen Reynolds, a former IT analyst and computer-programmer-turned-lawyer, deals in matters of data privacy and security.

2017 Forty Under 40: Patrick Sells

The founder of a fast-growing, Inc. 5000-ranked marketing agency, Patrick Sells also spearheads efforts to encourage businesses to give back to communities.

2017 Forty Under 40: Nathan Sinsabaugh

Nathan Sinsabaugh has been key in evolving Studio Science from a small, boutique agency to a sought-after design consultant working with such clients as Roche, ClusterTruck and Salesforce.

2017 Forty Under 40: Adrianne Slash

A relentless volunteer with political roots, Adrianne Slash is a community leader committed to bettering Indy and the lives of its residents and visitors.

2017 Forty Under 40: Jason Sondhi

Jason Sondhi’s IT company, which started with one consultant, has grown to a more-than-$12-million-a-year business, topping the IBJ Fastest Growing Companies list in 2016 and landing on the Inc. 5000 from 2014-2016.

2017 Forty Under 40: Angie Stocklin

An entrepreneurial jump took Angie Stocklin out of high school psychological counseling and into e-commerce with One Click, named one of Inc.’s Best Workplaces in 2016.

2017 Forty Under 40: Cole Varga

Under Cole Varga's watch, Exodus moved to new offices, saw the greatest number of refugee arrivals in its 35-year history (947 individuals), and waged a high-profile battle with former Gov. Mike Pence.

2017 Forty Under 40: Vincent Viveros

At just 30 years old, Vincent Viveros is managing the wealth of clients with assets from $1 million to $50 million.

2017 Forty Under 40: Dean Weseli

Dean Weseli plays a key leadership—and is the youngest employee on the partner track—in a company that recently surpassed the $1 billion mark for assets under management.

2017 Forty Under 40: Nickolas Williams

With a varied background in sports and politics, Nickolas Williams is in the midst of a $2.5 billion campaign to make a difference at IU.

2017 Forty Under 40: Jeffrey Wilson

Leading teams in the Middle East, Europe, South America and East Asia, Jeffrey Wilson has risen through the ranks at Eli Lilly and Co. while also serving as board president for a vital United Way agency.

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