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Indianapolis Business Journal - August 24-30, 2018

Indianapolis Business Journal - August 24-30, 2018

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In This Issue

Front Page

Shifts in strategy, date of Brickyard 400 fuel officials’ optimism

Despite the yellow warning flags flying all around NASCAR, the Indianapolis Motor Speedway has its foot on the gas as it prepares for the Brickyard 400 on Sept. 9.

Planned Home Place improvements in eye of beholder

Two square miles of Hamilton County where residents for years resisted becoming part of Carmel, despite being surrounded by it, are soon to become much more Carmel-like.


Top Stories

Fair Finance trustee tries for legal jackpot one last time

Without a big settlement, or a resounding victory at trial, victims in the fraud would be left with an underwhelming recovery—currently 11 cents on the dollar, based on distributions of $18 million in December 2015 and $5 million last October.

McDonald’s, franchises spending $6 billion to connect with customers

Hoosier franchisees say they’re seeing good results from the fast-food chain’s overhaul of its U.S. restaurants, an effort that includes self-ordering kiosks and other technology upgrades.

Mind Trust to provide office help to charter schools

A new not-for-profit launched with funding and support from The Mind Trust aims to help focus the time of charter school leaders on the classroom.

Secretive PACs key source of funds in U.S. Senate race

The money flowing into a competitive U.S. Senate race can weave an intricate web of sources.

Q&A: Blair Milo goes on the road to fill 1 million jobs

Gov. Eric Holcomb established the Office for Career Connection and Talent one year ago and appointed former LaPorte Mayor Blair Milo to head it.

City seeks vendor to develop revitalization plan for Castleton

City development officials said the plan should “respond to emerging challenges confronting the Castleton area, including evolving national shifts in commercial retailing and aging commercial, office and multifamily areas.”

Local sports groups, franchises team up with tech biz-accelerator operator

Local partners will include the Pacers, Colts and NCAA. But state officials declined to specify the contribution from Indiana's Next Level Fund, a new state-backed venture pool with $250 million to invest.


Focus

IPS’ big ask: What a $220 million referendum means for the district and its taxpayers

The district says that, to keep its main priority on the table—raising money for salary increases for teachers and staff—it made tradeoffs that could leave it financially vulnerable down the road.

Purdue wins prize for ‘Back a Boiler’ program

In about-face, Ball State parts ways with Schnatter

Private colleges experience growth surge


Opinion

Chamber's music initiative aims to turn up volume on Indy's scene

The business advocacy group is working with city officials and a consultant to develop a strategy for promoting Indianapolis' musical assets—and then writing the next verse in a higher key and more robust tempo.

Greg Morris: Car emissions battle gets airing in Forefront

I’ll support whatever vehicle you would like to drive. And if I want to drive my 3.5L V6 EcoBoost engine Ford Explorer SUV, then I expect the same support.

Mark Janis & Norman Hedges: We’re your patent lawyers—so fire us, please

When we lose clients, it means they have become successful enough to pay for legal services on their own.

Jill Hoffmann: Water isn’t a resource Hoosiers can take for granted

Many people in central Indiana might not consider water planning a top priority due to a misperception that we have an unlimited supply. In fact, according to a 2014 Indiana Chamber of Commerce report, Indiana will likely face water shortages in the future.

Sheri Fella: Embrace your infinite power to choose

I decided I needed to reframe the language I was using in my decision-making: “get to” versus “have to,” “want to” instead of “should.”

BOHANON & STYRING: Our robust growth isn’t sustainable without fundamental change

Is the current GDP growth the beginning of a new period of robust 20th-century-like growth? Or simply a one-time growth spurt that will revert to the anemic growth of recent decades?

HAHN: Closed-end fund might warrant a place in your portfolio

Closed-end funds are often actively managed, tend to have a narrow investment focus, use illiquid or thinly traded investments, and are structured to provide income.

Letter: Help foreign students help our state economy

Paying more attention to, and providing incentives to, those talented foreign students who attend universities in the U.S. seems clearly a good idea


In Brief

Marketing-tech firm Cheetah plans to triple Indianapolis employment, invest $2M downtown

The company employs numerous alums of ExactTarget, the Indianapolis-based marketing-tech firm acquired by Salesforce.com for $2.5 billion in 2013.

Lamey admits using 'inappropriate word' before retiring as Colts announcer

In the week before announcing his retirement as the radio play-by-play announcer for the Indianapolis Colts, broadcaster Bob Lamey used a racial slur while telling a story in the presence of a black radio station employee, according to a media report.

Presidents of 22 Indiana colleges call for hate crime law

The letter released Monday was signed by the leaders of institutions including the University of Notre Dame, DePauw University and Franklin, Hanover and Wabash colleges.

Fishers plans to purchase Archer's Meats property for redevelopment

First Internet Bank agreed to acquire 11 parcels on the south side of 116th Street for $10 million, with Fishers agreeing to reimburse the bank for land acquisition costs.


Forefront

Mitch Bainwol: Let’s strive for the best single policy for all

We expect that fuel economy will keep rising. The only question is at what speed.

Jesse Kharbanda: Stand up for time-tested fuel-efficiency policy

When we stop industry-wide progress in how many miles we get from a gallon of gas, we’re likely stalling progress in reducing the amount of car exhaust we generate during our daily commutes.

Gerry Lanosga: Mitch Daniels is wrong about government transparency

Technological changes in record-keeping do not change the underlying principles of government accountability.

Bill Oesterle: Refugees could be answer to rural population decline

Out of 65 million refugees last year, Indiana took only about 2,000. With 37 counties losing population, why can’t that be 15,000 or 20,000?

Karen Celestino-Horseman: The trouble with Pence’s ‘Mother, may I?’ rules

Mr. Vice President, why not just say no? Isn’t that what you advocate to young people contemplating sex?

Anne Hathaway: The right to vote was earned, not granted

More women have voted than men in every presidential election since 1964.

John McDonald: We can protect food by helping farmers go high-tech

We have the ability to trace food from the field where it was grown all the way to your plate.

Jennifer Ping: Roncalli should love and accept counselor, not fire her

Are there no Roncalli staff who have divorced, remarried, taken birth control or used in vitro fertilization to get pregnant? All are violations of the teachings of the Catholic Church.

Baron Hill: Roncalli situation shows why vouchers are wrong

Let's start respecting our public-school teachers again and give them the support and the dollars they need to get the job done.

Deborah Hearn Smith: It’s time to return character to classrooms

It is great that Johnny can read, but does Johnny care for and respect himself and others?

Ed DeLaney: Let’s call the hate-crime legislation Larry’s Law

I have been reluctant to name bills after people. That can seem coy. But I will make an exception here.

Una Osili: Because no one is born hating another human being

One important policy tool we can use to address racially motivated crimes is to enact anti-hate-crime legislation.

Beverly Gard: We must better balance waterways, economy

The saying that lawmaking “is like making sausage” doesn’t begin to describe the ridiculousness of this process.

Adrianne Slash: It’s time for politicians to engage everyone

When parties, elected officials and candidates don’t engage with those who are newly excited about politics, it’s like finding out Santa isn’t real.


Special Sections

2018 CTO of the Year: Richard Cherry

Cherry helps ensure that Defenders’ workers have the tools to access information and manage their day wherever they are across the nation.

2018 CTO of the Year: Ryan Campbell

Ryan Campbell has been credited with building a state-of-the-industry tech team, forming partnerships with Indiana technology firms to benefit both the company and the community.

2018 CTO of the Year: Jerome Bonhomme

Under Jerome Bonhomme’s watch, American Specialty Health, a provider of wellness programs, has doubled the size of its software engineering team and put a greater emphasis on a leaner product development practice.

2018 CTO of the Year: Jason Vasquez

Jason Vasquez co-founded DeveloperTown, and created and evolved its repeatable technology package and processes to build more than 200 projects using what is now a 20-plus-person software team.

2018 CTO of the Year: Niles Bay

Since joining Baker Hill Solutions, which focuses on loan-origination software for bankers, Niles Bay completed a multimillion-dollar front-end rewrite of the company’s data analytics application.

2018 CTO of the Year: Sherry L. Slick

Sherry Slick led the development of an in-house data science team, which has become one of OurHealth’s biggest differentiators.

2018 CTO of the Year: Tracy Kemp

Tracy Kemp led the IT effort to launch Allegion as a stand-alone company.

2018 CTO of the Year: Jennifer Rumsey

Jennifer Rumsey guides a global team with technical centers in the United States, the United Kingdom, China, India and elsewhere.

2018 CTO of the Year: Rob Beeler

In 1995, Rob Beeler co-founded Double-Take Software, which is now a part of Carbonite Inc.

2018 CTO of the Year: Ken Clark

Under Ken Clark’s watch, the Indianapolis Information Services Agency's IT customer satisfaction improved from 73 percent to 89 percent and expenses were reduced by migrating the city-county data center to cohabitate with the state of Indiana’s.

2018 CTO of the Year: Jared Linder

Under Jared Linder’s tech watch, FSSA built and deployed an enterprise data warehouse, a pharmacy benefit management system and a new Medicaid system that processes health care claims data for more than 1.5 million active members. 

2018 CTO of the Year: Luke Morehead

Luke Moorehead and his team are rebuilding a decade-old Indiana High School Athletic Association member web portal and are moving data center services to the cloud.

2018 CTO of the Year: Jason Bailey

Jason Bailey helps Bosma Enterprises use technology to maximize employment opportunities for people who are blind or visually impaired.

2018 CTO of the Year: Rick Copple

When Rick Copple began working at Community Health Network, it had 1,200 PCs in use. Now there are more than 18,000.

2018 CTO of the Year: Bob Berbeco

Bob Berbeco has used technology—including tele-behavorial health and GPS tracking—to help Adult & Child Health assist clients with serious mental illnesses.


Explore

There’s more than one way to enjoy the International Violin Competition

While it might seem intuitive to simply go to the finals, you could also check out one of the earlier rounds at the Indiana History Center, where tickets are just $15.

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