Indianapolis Business Journal - February 9-15, 2018


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In This Issue

Front Page

Amid Atlanta expansion, Anthem won’t say if HQ is staying here

On Feb. 21, Anthem will break ground in Atlanta for a 21-story office tower called the Anthem Technology Center. When completed in two years, it will house about 3,000 Anthem workers.

City urges big thinking on Circle Centre mall revamp

City officials say they hope to act quickly with Simon Property Group Inc. to determine the highest and best use for the Carson’s space at Circle Centre after the department store closes this spring.

Top Stories

Elanco uncertainty has Greenfield on edge

Since October, when Eli Lilly and Co. announced it was reviewing whether to sell or spin off Elanco, Greenfield city leaders have been wondering what the future holds for the city’s economy.

WRTV’s new boss doing it her way

Lana Durban Scott is the new vice president and GM at WRTV—only the second woman to ascend to that title in the Indianapolis market.

Strong year bolsters battered Auer Fund

The Indianapolis-based mutual fund has posted cumulative returns of negative 0.43 percent since 2008. But things turned around in a big way last year, with 2017 returns of 28.75 percent.

IPL cuts 100 jobs in Indiana, gets new president and CEO under corporate restructuring

The shakeup means that Rafael Sanchez, who has led the Indianapolis operations since June 2016, is out and will be replaced by a company official who will lead both Indiana and Ohio operations.

U-Haul converting empty big-box space on east side into storage units

The company has purchased the property on Pendleton Pike where a former Menards store stood and hopes to have the 1,000-unit facility ready by fall.

Visit Indy reports sixth straight year of rising visitor spending

The number of tourism and hospitality jobs in Indianapolis also grew—from 77,800 in 2015 to 80,600 in 2016, according to the report.

Gymnastics scandal has repercussions beyond doctor's prison sentences

The worst sex-abuse case in sports history ended Monday with a third long prison sentence for Larry Nassar, but investigations involving USA Gymnastics, Michigan State University and the NCAA could go on for years.

Banking titan Andy Paine dies at age 80

Paine spent 37 years in banking, starting with Indiana National Bank, where he rose to president and chief operating officer. At his retirement, he was president and CEO of the Indiana arm of NBD Bank.

A&E, etc.

DINING: Expand your horizons—and your vocabulary—at Neal Brown’s latest

Ukiyo, from the man behind Stella, Libertine and Pizzology, takes over the spot that formally housed Recess and Room Four.

LOPRESTI: Greensburg’s epic run was essence of Hoosier Hysteria

All the starters on back-to-back state champs landed college offers—and in three different sports.

LOU'S VIEWS: ABBA musical gets local premiere

Reviews of Beef & Boards' "Mamma Mia!" and Actors Theatre of Indiana's "25th Annual Putnam County Spelling Bee."


EDITORIAL: Feds must engage in marijuana, CBD oil debate

State laws across the country that legalize CBD oil and marijuana run afoul of federal law, a conflict that puts police, prosecutors, doctors and even patients in difficult positions.

MORRIS: Hone your real estate investing skills

Consider turning to Central Indiana Real Estate Investors Association for advice.

SASSO & SASSO: It’s not about mental illness

To challenge acrimonious language and call out vindictive behavior is not partisan; it is patriotic.

TEKOLSTE: Teacher shortage is a civil rights issue

Our legislators must act urgently and purposefully to provide incentives for high-performing individuals to become teachers and to stay in low-income urban and rural schools.

BOHANON & CUROTT: Increasing immigration would help economy

Like with any policy, some benefit and some lose from immigration, but the overall effect is positive.

KIM: ‘Breaking Bad’ provides valuable business lessons

Aside from tremendous pure entertainment value, “Breaking Bad” taught important business and investing lessons.

LETTER: Column explains tax bill logic

Star Parker's column clearly explained how the new tax laws will help all working Americans.

LETTER: We’re disappointed in smoking bill’s death

The longer we can delay tobacco initiation, the healthier our kids will be.

In Brief

Flush with cash, Anthem to dole out $1,000 contributions to 58,000 employees, retirees

The Indianapolis-based insurer, which already has reaped more than $1 billion from recent tax reform measures, plans to help employees sock it away.

Indiana Senate joins House in passing cannabis oil measure

The Indiana Legislature is poised to allow anyone to purchase and use a cannabis-derived extract believed to have therapeutic benefits, following a key vote by the state Senate on Monday.

Terry Lee Honda in Avon has new owner, name

The buyer is the same publicly traded firm that purchased Hare Chevrolet last year in Noblesville, and it's interested in collecting more Indy-area dealerships.

Former IMPD chief Riggs gets another new job—this time in Denver

A press release from the city stated that Troy Riggs joined the Denver Department of Public Safety last year as deputy director—a role he must have had for just a quick stint, considering he listed the Sagamore Institute as his job on Linkedin until November.


Smith: How about some true accountability for spending?

If lawmakers invest wisely, we'd likely send them back. If they invest poorly, we'd look for a wiser financial steward.

Schneider: No one knows what goes on behind closed doors

The system of keeping serious debate behind closed doors 'whitewashes issues and denies the public the right to hear deliberations.'

Ireland: The hollowness of ‘Stronger Together’

Our nation cannot afford to view political opposition as an absence of morality, a defect of the heart and soul of a man.

Shabazz: Why should we pay for their primaries?

What do you put in place of the current primary system? Easy, a county convention.

Leppert: Amazon and the difference between cool and uncool

My hometown and state have seemingly been working overtime to display how uncool we really are.

Hale: Fighting automation fears with creativity

Where there is creative talent, a creative industry closely follows.

Wagner: Experiencing life in colors

Colorblindness is something we're far from attaining.

Wolley: Community must act to stop black-male homicides

That elected officials have only recently been able to scrounge up funds for a witness-protection program is welcomed but troubling.

Shella: Truth, numbers and the BMV

Sometimes efficiency trumps true customer service.

Daniels: Changing gymnastics to protect children

Athletes must have a safe reporting channel. And above all, they must be believed.

Robertson: Don’t leave foster youth behind in education

If you do not track results, there is no way to improve them-or to know if your efforts are effective.

Ritz: Textbook fees cause inequities among schools

Paying these fees causes many families to sacrifice extra-curricular experiences and sports participation for their children or even curtail family vacations.

Maurer & Nasatir: Legislators ignore rallying cry for hate-crimes law

Perhaps in a future legislative session, we will seize this opportunity.

Clark: Justice for all or only for some?

Do we really want the government to start punishing people for what they believe?

Siddiqui: Chain immigration, DACA are separate issues

We need a solution for DACA recipients. They should be allowed a pathway to citizenship.

Parr: Bigger than the big game

Sports can provide a great training ground for life.

Woody Allen meets the #MeToo movement

The bogus racist claims against Trump

Special Sections

2018 Forty Under 40: Kyle D. Bach

After seeing an opening for student housing in underserved markets, Kyle D. Bach launched The Annex Group in 2006. The company, which operates or is developing housing for more than 3,100 students in seven states, now has a portfolio valued at more than $195 million.

2018 Forty Under 40: Travis E. Barnes

With a legal degree and a record of combat service in the Marines, Travis E. Barnes followed his bliss to launch Hotel Tango Whiskey, the first artisan distillery in Indianapolis since Prohibition.

2018 Forty Under 40: Adam J. Basch

Helping grow Kite Realty Group's market value from $1 billion to $3.3 billion over a six-year period, Adam J. Basch still believes in bricks and mortar. “There’s a part of every one of us that needs a social connection," he says.

2018 Forty Under 40: Jane Beaman

A rapid riser at the engine giant, Jane Beaman joined in 2004 as a customer service rep and now builds relationships with key global customers, growing sales in the emerging China, India and Japan markets.

2018 Forty Under 40: Kevin Berkopes

A passionate mathematician with experience in artificial intelligence and technology development, Kevin Berkopes is also a committed education reformer putting to practical use new classroom models that improve graduation rates and drive students into math and science majors.

2018 Forty Under 40: Tracy N. Betz

A seasoned litigator with a passion for equality, Tracy N. Betz is a Best Lawyers in America honoree and co-chairwoman of Taft’s first Women’s Symposium.

2018 Forty Under 40: Bryon Blohm

An Army veteran, Bryon Blohm built a hiring program at PwC that led to the employment of more than 100 veterans. He also contributed to the growth, from $2 million to $5 million, of PwC Indianapolis’ cybersecurity business.

2018 Forty Under 40: Kiamesha-Sylvia G. Colom

A broad range of board work adds to Kiamesha-Sylvia G. Colom’s already impressive legal resume.

2018 Forty Under 40: Jessica Benson Cox

Concentrating on the defense of pharmaceutical companies and device manufacturers, Jessica Cox balances complex tort cases with pro bono work, community service and board involvement.

2018 Forty Under 40: Doug Ding

Doug Ding is determined to develop the next generation of Indy leaders while championing the region’s tech assets.

2018 Forty Under 40: Derrick Feldmann

Seeking better ways to build bridges between organizations and the public, Derrick Feldmann not only founded a firm but also has led research, written books and organized a conference for millennials dedicated to next-step philanthropy and social change.

2018 Forty Under 40: Adairius J. Gardner

A leader in the development of IU Health’s new Bloomington hospital, Adairius Gardner also laid the groundwork for its new diversity office.

2018 Forty Under 40: Eric Gershman

Providing next-generation leadership to a real estate company with $150 million in active projects, Eric Gershman is bullish on Indianapolis development.

2018 Forty Under 40: Megan Glover

Created to address the water-quality crisis, Megan Glover’s startup rose in under two years to $2 million in bookings, including contracts with the state for water-testing kits for more than 800 public schools.

2018 Forty Under 40: Jenn Lisak Golding

After working with such clients as Angie’s List, Compendium and TinderBox, and being a recipient of TechPoint’s inaugural Tech 25 award, Jenn Golding launched her digital marketing company while also keeping a busy schedule of speaking engagements and board work.

2018 Forty Under 40: Elizabeth Hagerman

By forging partnerships with businesses throughout the state, Elizabeth Hagerman connects Rose-Hulman’s student talent pool to hands-on experiences, helping create the next generation of Indiana tech entrepreneurs.

2018 Forty Under 40: Christopher Harle

Studying pain in Olympic athletes and trying to find weapons in the battle against opioid addiction, Christopher Harle leads a research team focused on finding real solutions to real problems.

2018 Forty Under 40: Jarvis Jointer

Rising to principal in the top minority-owned engineering firm in Indiana, Jarvis Jointer also is an inventor of the Car Closet.

2018 Forty Under 40: Allison A. Karns

Chairing the Junior League’s Holiday Mart and taking part in FBI training were just some of the side trips on Allison Karns’ road to becoming one of the key legal minds in the Holcomb administration.

2018 Forty Under 40: David P. King

Helping religious leaders to be more effective, David King and his team have attracted more than $4 million in grant support as they work with hundreds of congregations and faith-based not-for-profits around the country while also researching, teaching and training here at home.

2018 Forty Under 40: P. Christopher Kirles

Even with the completion of 360 Market Square, a $120 million, 27-story mixed-use luxury apartment tower, Christopher Kirles doesn’t have much time to rest: Flaherty & Collins has $500 million in projects in the works.

2018 Forty Under 40: Angela Carr Klitzsch

Hired to create a new mission, vision and five-year strategy, Angela Carr Klitzsch raised $6 million for the organization and launched Mayor Joe Hogsett’s Project Indy summer youth employment program.

2018 Forty Under 40: Blake Koriath

The first chief financial officer of all of High Alpha’s early-stage portfolio companies, Blake Koriath has been instrumental in High Alpha’s enterprise cloud companies, raising more than $40 million in investment capital.

2018 Forty Under 40: Adam J. Krupp

2018 Forty Under 40: Marisa Kwiatkowski

The Star’s star investigative reporter, Marisa Kwiatowski, has been a key part of award-winning projects about sexual abuse at USA Gymnastics, children’s mental health services, and problems at Adult Protective Services in Indiana.

2018 Forty Under 40: Landon Lewis

One of the state’s leading cybersecurity experts, Landon Lewis’ “ethical hacks” have exposed vulnerabilities in a corrections facility, an in-flight entertainment system and a leading global law firm.

2018 Forty Under 40: Cebronica Luft

Enterprising event planner Cebronica Luft turned a downtown ice rink into a hot spot for concerts, food fests and more, with revenue of more than $1.9 million after its second year.

2018 Forty Under 40: Terry J. Morris

Serving as national president of the Black Data Processing Association and as a trustee and deacon for his church, Terry J. Morris is one of Lilly’s leading tech lights.

2018 Forty Under 40: Om Narla

Om Narla has rapidly grown Golars into one of the top 10 environmental companies in Indiana with a client list that includes the new criminal justice center.

2018 Forty Under 40: Carlie Oakley

The company’s second employee, Carlie has helped grow Eight Eleven—the umbrella company over staffing firms Brooksource, Medasource and Calculated Hire—into a $250-million-in-revenue business with 450 internal employees.

2018 Forty Under 40: Dr. Dan O’Donnell

One of the first to graduate from an EMS fellowship offered by the IU School of Medicine, Dr. Dan O’Donnell is medical director for the Indianapolis police and fire departments, while also serving on the front lines of the opioid battle.

2018 Forty Under 40: Michael Pettry

Traditionally a lower-profile arts organization, under Michael Pettry, the ISC launched a $3.75 million endowment campaign, broadcast its Festival of Carols internationally via PBS, released a commissioned recording, and quadrupled its annual budget.

2018 Forty Under 40: Tiffany​ ​Sauder

Leaving corporate life to found her own marketing business—at age 24—Tiffany Sauder grew her startup to 72 employees and nearly $10 million in revenue with clients that include Airstream and BraunAbility.

2018 Forty Under 40: Darshan Shah

Darshan Shah is Indiana’s first chief data officer. In that role, he leads the Indiana Management Performance Hub and coordinates resources to guide policymakers in addressing the opioid epidemic, optimizing Medicaid services, and enhancing Indiana’s education-to-workforce pipeline.

2018 Forty Under 40: Lahny Silva

While teaching criminal law and other courses (and being named Best New Law Professor by students and Faculty Advisor of the Year twice), Lahny Silva is influential beyond the classroom through her work with the REACH program.

2018 Forty Under 40: Shoshanna Spector

With a track record of social-justice work in Illinois, California and overseas, Shoshanna Spector elevated a small group of faith leaders into an organization with a strong regional impact—including efforts to win approval for the recent mass transit plan. “Our work is not about parties or politics,” she said. “It’s about lifting up the most vulnerable and the values that make our communities stronger.”

2018 Forty Under 40: Dr. Jeff Wells

The youngest person ever to direct the Indiana Office of Medicaid Policy and Planning, Jeff Wells went on to co-found and run a company devoted to onsite and near-site medical clinics. Its first clinic opened in 2010, and the company now has 30 locations in five states.

2018 Forty Under 40: Molly Whitehead

Molly Whitehead is credited with helping attract more than $193 million in new capital investment in Boone County, an anticipated 1,800-plus new jobs, and a tax impact of more than $14 million for 2017 alone.

2018 Forty Under 40: Casey Wright

Closing in on $3 million in revenue, Casey Wright’s twist on gymnastics for kids has spread across the country.

2018 Forty Under 40: Ahmed Young

Ahmed Young, a former Broad Ripple High School teacher, added a law degree to his resume, worked in the Prosecutor’s Office, and now combines both fields to try to change the face of Indianapolis education.


Records for Feb. 9-15, 2018

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

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