Indianapolis Business Journal - November 6-12, 2017


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In This Issue

Front Page

Indy airport embarks on retail refresh

As vendor contracts expire at Indianapolis International Airport—and a slew of them lapse at the end of 2018, a decade after the terminal’s opening—officials are embarking on a project to freshen up the offerings.

Craft brew industry continues to grow but loses froth

The explosive growth in craft breweries is starting to slow in Indiana, and a smattering of players have gone out of business. Yet industry observers remain bullish on the market.

Top Stories

IUPUI wants to graduate ‘woke’ teachers

The School of Education at IUPUI is splitting from its sibling at Indiana University in Bloomington so it can lean into conversations about race and social justice that are exploding across the country.

Assessing Elanco options: sale, spinoff or status quo?

Lilly CEO David Ricks says the time is right "to consider a variety of options to maximize future value," such as an initial public offering. But analysts say an IPO would make more sense if Elanco were performing better.

New boss leads diversification effort at Zionsville marketing firm

CSM Sport & Entertainment General Manager Ashlee Huffman called 2017 “challenging.”
It certainly was eventful.

App lets shoppers funnel cash to charities

A year ago, Pam and Tom Cooper launched Boosterville Inc., which uses an app to connect cause-driven shoppers to businesses willing to donate a portion of sales to a charity the consumer chooses.

Efforts to remake Brownsburg's downtown in progress

Four projects totaling about $85 million, including three already under construction, will bring apartments, offices and retail space to a key stretch of Green Street.

Tobias gift of $5M to establish IU global development center

Indiana University will create a research laboratory focused on international development—including missions such as reducing poverty and inequality and addressing climate change—based on a $5 million gift from Deborah and Randall Tobias.

Former heavy-hitter stockbroker Buck charged with fraud

Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is now facing serious prison time, according to federal officials.


Cultural Trail becomes unique drawing card for conventions and trade shows

The Indianapolis Cultural Trail was supposed to be a nice city amenity and promote a healthy lifestyle among downtown residents and visitors. But it's become much more.

Torch relay cited as top promotional campaign

The Indiana Office of Tourism Development was awarded Best Public Relations Campaign for the Indiana Bicentennial Torch Relay at the U.S. Travel Association’s 2017 Mercury Awards ceremony last month in Minneapolis.

Visit Indy earns big win after long pursuit

Visit Indy signed a deal to host the American Wind Energy Association Windpower Conference & Exhibition June 7-10, 2021, in the convention center.

Dora Hotel Co. managing Carmel Holiday Inn

The deal is the first between Dora and hotel owners Frank and Danette Kennedy, a father-daughter duo, of HC Carmel LLC.

A&E, etc.

DINING: Sugar not the only buzz you can get at The Lemon Bar

The Flying Cupcake creators set up shop in Zionsville.

LOU'S VIEWS: ‘Barbecue’ sets fire to conventions

Perception-shifting comedy makes spoiler-free reviewing challenging.

LOPRESTI: November matchups should bring answers for local teams

Will Chuck Pagano survive the month? Can Purdue finally retake the Old Oaken Bucket from IU?


EDITORIAL: Crunch time for Indy soccer

Today, the Indy Eleven’s bid to join Major League Soccer is considered a long shot. It needs a quick jolt if the city wants to win.

MAURER: Shortz makes puzzles a pleasure

Renowned creator and solver gives us tools to sharpen our minds.

KENNEDY: Faith-based economics fatally flawed

When President Clinton hiked taxes, the economy boomed. When President George W. Bush slashed them, the economy ultimately collapsed.

MADDOX: As market surges, what should we do?

How an individual investor reacts to the current market environment is unique to each person’s situation, and decisions should be made with lots of thought and advice specific to individual circumstances.

KIM: Mutual fund distributions are a risk you can avoid

Taxable shareholders should avoid buying shares of a fund in front of a large distribution. The last thing you want is to buy into a fund and pay taxes on a distribution you did not enjoy in any way.

BOHANON & STYRING: Rankings only as good as criteria they’re based on

But northern Indianapolis suburbs have been scoring rather well in several recent rankings.

LETTER: Indy could be smart city

Indianapolis’ city leadership should continue to work hard to reach a better, more connected and digitally inclusive future.

LETTER: Stop Yellowwood logging

Keep Tecumseh Trail open. Please urge Gov. Eric Holcomb to change this decision and protect our quality of life.

In Brief

Indianapolis to host national college football championship game

The 2022 College Football Playoff National Championship game is expected to have a $150 million economic impact on Indianapolis.

Plus-size retailer spending $2.8M to open Greenwood center, create 872 jobs

Dia&Co says it will employ 500 workers in the next four years at the distribution hub. An additional 372 employees could be hired at a planned customer service center, according to an agreement with the state.

Hogsett proposes $300,000 for witness-protection program

Indianapolis Mayor Joe Hogsett announced Tuesday that he directed the Office of Finance and Management to identify the funds as a method of strengthening trust between the Indianapolis community and local law enforcement.

Downtown's Cadillac Ranch restaurant and bar closes

Owner Granite City announced the closure Wednesday, along with three Granite City restaurants in two Midwestern states. Adjoining lounge Bartini's also closed.

Special Sections

2017 WOMAN OF INFLUENCE: Erin L. Albert

Erin Albert is a leading podcaster on pharmaceutical subjects, a prolific writer of books and a full-time consultant.

2017 WOMAN OF INFLUENCE: Jennifer M. Alvey

Jennifer Alvey, who worked in state government before becoming chief financial officer at IU Health, says mentors have played a big role in her professional development.

2017 WOMAN OF INFLUENCE: Melissa Stapleton Barnes

At Eli Lilly and Co., Melissa Stapleton Barnes leads an organization responsible for ethics and compliance in nearly 90 countries around the world.

2017 WOMAN OF INFLUENCE: Jennifer Bott

Jennifer Bott developed a comprehensive, university-wide strategy for online education that resulted in growth in students, programs and revenue.

2017 WOMAN OF INFLUENCE: Deborah J. Caruso

As bankruptcy trustee for ITT Educational Services Inc., Deborah Caruso has had to make sense of what was left of 137 campuses, where 8,000 people were laid off and 40,000 students left to fend for themselves.

2017 WOMAN OF INFLUENCE: Melissa Davis

Melissa Davis in 2016 became the first woman president of BSA Lifestructures, a $50 million architecture, interior design and engineering firm with a specialty in health care facilities.

2017 WOMAN OF INFLUENCE: Susana Duarte de Suarez

2017 WOMAN OF INFLUENCE: Dr. Joan Duwve

Opioid prescribing decreased 16 percent in Indiana recently, thanks in part to Dr. Joan Duwve, whose Peace Corps experience led her to become a champion for public health.


Under the guidance of Kelley Gay, who leads seven business units at OneAmerica, the creative design team experienced a 25 percent reduction in project completion time, which adds up considering the group produces more than 5,000 print and digital projects annually.

2017 WOMAN OF INFLUENCE: Joyce Irwin

Joyce Irwin directs the Community Health Network Foundation, which is dedicated to serving the needs of both patients and caregivers with funding for programs such as an Oncology Assistance Fund.

2017 WOMAN OF INFLUENCE: Yolanda Johnson-Moton

Since joining Eli Lilly and Co., Yolanda Johnson-Moton has launched education and engagement platforms, including the Lilly for Better Health website, and brought the company to YouTube via Lilly Health Channel.

2017 WOMAN OF INFLUENCE: Angela Smith Jones

Angela Smith Jones has played leadership roles in the Salesforce Tower expansion project, the Infosys project with its approximately 2,000 jobs, and others.

2017 WOMAN OF INFLUENCE: Nicole Lorch

Nicole Lorch joined First Internet Bank a week before it launched in 1999, and has grown with the company as it rose from $1.2 million in deposits to $2.3 billion.

2017 WOMAN OF INFLUENCE: Melanie D. Margolin

Melanie D. Margolin manages global litigation and serves as lead legal adviser on product safety issues for Cummins, and champions legal equality for the LGBT community.

2017 WOMAN OF INFLUENCE: Andrea Pierson

Andrea Pierson achieved victories for Faegre’s product liability mass tort clients in trials and pretrial proceedings while helping grow the firm’s Product Liability & Environmental team to more than 100.

2017 WOMAN OF INFLUENCE: Dr. Theresa Rohr-Kirchgraber

Dr. Theresa Rohr-Kirchgraber leads centers of excellence at IU Health and Eskenazi that develop programs to improve health, provide access for services, and advocate for funding and programs.

2017 WOMAN OF INFLUENCE: Marti Starkey

In more than 36 years of practice, Marti Starkey has racked up a shelf of awards, including being named 2017’s Distinguished Barrister by Indiana Lawyer.

2017 WOMAN OF INFLUENCE: Seema Verma

With experience at the state level, Seema Verma is now positioned to shape federal health policy.

2017 WOMAN OF INFLUENCE: Dr. Jennifer Walthall

An unexpected call from former Gov. Mike Pence landed Jennifer Walthall in key public service roles.

2017 WOMAN OF INFLUENCE: Marina Hadjioannou Waters

Marina Hadjioannou Waters' volunteer work in Central America has proven valuable to her career.

2017 WOMAN OF INFLUENCE: Angela Wessler

2017 WOMAN OF INFLUENCE: Jennifer Zinn

Jennifer Zinn, once an aspiring opera singer, instead became a key player at Roche Diagnostics.

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