Indianapolis Business Journal - June 12-18, 2017


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In This Issue

Front Page

Unprecedented push underway to advance women in tech

Efforts to increase and support the ranks of women in technology jobs are emerging in Indianapolis and helping put a spotlight on gender imbalance in the industry.

Anthem vows failed deal won't derail growth plans

Just weeks after abandoning its proposed $48 billion merger with rival Cigna Corp., the Indianapolis-based health insurer is looking for its next deal. But this time, it is likely to be much smaller.

Vintage-car racing group's new vision ushers in glory days

The Sportscar Vintage Racing Association's racing series rolls into the Indianapolis Motor Speedway this month for an event expected to draw hundreds of competitors and tens of thousands of spectators.

Top Stories

Brokerage resolves complaint with Skinner family for $3.5M

A prominent Indianapolis family that filed a complaint against an RBC Wealth Management broker seeking nearly $20 million in damages recently accepted $3.5 million to resolve the dispute.

Markets help farmers link directly to chefs, customers

As farmers markets have grown increasingly popular in Indianapolis, relationships among vendors, restaurants and foodies have taken root across the city.

Women spur change with $100K gifts

Impact 100 of Greater Indianapolis has more members this year than ever before, it’s up to nearly 700 alumni members, and it has awarded $1.76 million since its 2006 founding.

City moves to beautify former Outlaws Motorcycle Club compound

As a U.S. attorney, Joe Hogsett was instrumental in arresting dozens of people connected to the club in a 2012 raid. As mayor of Indianapolis, Hogsett wants to transform the infamous site into a park or other community gem.

Knowledge Services plans $17M Fishers HQ, 400 additional jobs

The company, now headquartered in Castleton, plans to build an 80,000-square-foot office building on USA Parkway, to the north of 106th Street, along the busy Interstate 69 corridor, it announced Tuesday afternoon.

Circle Tower co-working space adding to growing number of downtown options

Chicago-based Level Office, which bought the historic downtown building in January for $11.6 million, later this month will introduce its first private offices for members.


IU Health, competitors turn focus to improving experience for patients, families

Around Indiana, hospitals are doubling down on the lofty goal of patient satisfaction. Some, like IU Health, are hiring managers to oversee various aspects of the patient experience, from registration to discharge.

EILENBERG: Artificial intelligence will transform health care

IBM researchers estimate that 90 percent of health care data is in the form of images. Because deep learning does best with lots and lots and lots of data, AI initially is likely to cause the most profound disruption in imaging.

Lilly CFO Derica Rice to leave company in December

Rice, 52, who had been the company's top finance officer since 2006, is one of the most powerful black executives in corporate America. He had been widely considered a leading candidate to succeed CEO John Lechleiter, but that position went to fellow Lilly executive Dave Ricks.

St. Vincent system to cut 111 jobs in outsourcing move

Most of the cuts this summer will come from the hospital system's billing operations in Indianapolis.

A&E, etc.

DINING: Taking a slice of the Hoosier Pie Trail

From a diner that opens at 5 a.m. to a classic cafeteria that seems to have a slice for every year it's been around, a sampling of the upper crust of Indiana pie-making.

LOPRESTI: Baseball trailblazer has abundance of memories to cherish

Ken Schreiber coached LaPorte High School to Indiana's first state baseball championship 50 years ago. He led the school to another six championships during his storied career.


EDITORIAL: Tightfisted owner tanked Marsh

We don’t begrudge Sun for trying to turn a profit. And we acknowledge that Marsh had plenty of problems when Sun scooped it up. But the company—and community—deserved a better steward than Sun.

MORRIS: How Marsh failed its customers

I want to address the issues more simply, as a consumer. From that vantage point, Sun Capital Partners was a poor grocery store operator.

HOLLINGSWORTH: CHOICE Act returns power to the people

We must facilitate capital in the marketplace to ensure that the small business starting in a garage or the bustling, expanding company has access to the resources to help make those American dreams a reality.

RUGE: Trump’s immigration policies tough for Indiana businesses

Indiana business owners who believe it either is necessary or wise to employ workers from other countries are facing increasingly higher and more difficult barriers.

SKARBECK: Fiduciary rule accelerates trend toward lower fees

Beginning June 9, the much-debated U.S. Department of Labor fiduciary rule becomes effective for the investment industry, with a phase-in period running through Jan. 1, 2018.

BOHANON & STYRING: How market forces are reducing our emissions

A shift by utility producers from coal to natural gas is happening without any Paris Accord or a single regulation from the U.S. Department of Energy.

LETTER: Boycott liquor stores to demand Sunday sales

Of course, grown adults would like to have access to beer and wine on Sundays.

LETTER: State should recruit veterans to Indiana

The Military/Veterans Coalition of Indiana has a short-term solution for recruiting people to Indiana that would make the state money, grow the population and provide new taxpayers in Indiana counties.

In Brief

Indy businessman Hubbard won’t join DeVos at Department of Education

Indianapolis businessman and philanthropist Al Hubbard was a leading contender for the No. 2 spot at the department for months.

Planned Parenthood names executive to succeed Cockrum

Planned Parenthood of Indiana and Kentucky Inc. on Tuesday announced the hiring of a veteran not-for-profit leader to replace Betty Cockrum, who is retiring after 15 years as president and CEO of the organization.

Indiana may reclaim control of delayed Interstate 69 project

The state of Indiana hopes to assume control of an Interstate 69 extension project three years after hiring a private developer to complete the work.

Fishers church's development plan scores early approvals

I-Town Church has moved a step forward in its controversial plan to build a house of worship at the busy intersection of 126th Street and Brooks School Road in Fishers.

Special Sections

UNDERWOOD: Upping minimum wage would be more over-regulation

The minimum-wage rate was never intended to feed entire families or be a rate that one worked at his or her entire life.

CARTER: Should Indiana raise its minimum wage? In a word: yes

Raising the minimum wage can not only save money on public health outcomes, it can literally save lives.

DANIELS: Minimum-wage-hike proposals aren’t so simple

You can’t increase wages significantly while also erasing the deficit.

WOLLEY: Raising minimum wage for city workers is good start

People generally don’t get rich working for someone else, but unfortunately, more and more people are working hard and staying poor.

WAGNER: The frightening erosion of respect for the media

The process of unearthing and sharing information can be as uncomfortable as it is critical to our democracy.

SCHNEIDER: The problem with seeing the poor as 'undeserving'

The implication? Those who are sick have themselves to blame.

SHELLA: President Mike Pence. The president, Mike Pence?

A Pence presidency would be good for Indiana. Make no doubt about it.

SHABAZZ: The turmoil that is Donald Trump

Now, is the impeachment talk premature? I would say yes. But is the groundwork being laid for a constitutional crisis? Yes.

LEPPERT: The rural/urban divide in Indiana politics

If support for RFRA had also been prevalent in the city of Indianapolis, I do not believe the largest tower in our skyline would have a Salesforce sign on it today.

PARR: Newton's third law and Trump's new defenders

Extreme overreactions might be causing those who were wary of Trump to come to his defense.

SMITH: Focusing on policy through politics

Some pundits insist we were idiots. But, actually, we won a huge policy victory.

SIDDIQUI: Middle East policy: new hope or wishful thinking?

Although the president is having popularity problems in the United States, he has a very deep level of support among the people I met in Saudi Arabia.

SHEPARD: Education and advancing Indiana’s economy

We are standing on a stronger platform for improvement than many places.

RITZ: Trump/DeVos budget out of touch with student needs

Perhaps they need to look at their definition of student achievement.

State needs roundtable to focus on Indiana families

Far too many Indiana families today struggle for economic stability.

ROBERTSON: Stand for American values by confronting bigoted behavior

I know taking action can come with consequences to individuals, but inaction will come with profound consequences felt across our entire society.

Neither hot nor cold on climate change

Trump’s budget repairs our broken culture


Records for June 12-18, 2017

Here are the records listings for June 12-18, 2017.

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