Indianapolis Business Journal – January 25-31, 2019


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In This Issue

Front Page

Indianapolis grappling with increase in deaths among homeless population

At least 70 people died in Indianapolis last year who previously experienced homelessness, the highest number ever recorded by the Coalition for Homelessness Intervention and Prevention.

Holcomb hits some workforce goals, still faces hurdles on others

In 2018, Holcomb boldly outlined specific goals, One year later, he has exceeded some targets, but hasn’t met other goals.

Top Stories

Health care systems increasingly allowing patients to rate doctors

Indiana University Health and Community Health Network have joined the national trend of posting online reviews, in a quest to win prospective patients and boost transparency.

Greenwood exploits creek for ‘riverfront’ district

As part of its effort to add redevelop its downtown, Greenwood is putting an unusual asset to use: a meandering minor waterway that in spots is not much wider than a drainage ditch.

Mount Comfort Road has big development potential for Hancock County

Mount Comfort Road in Hancock County could see an additional half billion dollars in economic impact by 2030 if community leaders capitalize on a plan to develop the busy corridor.

Study of IPS shows new innovation schools might be bright spot

In the first major look at the results for innovation schools in IPS—a new kind of district-charter partnership—there are some positive signs but still some unanswered questions.

Q&A with Steve Sanner, Jiffy Lube franchisee and advocate for murals

After a conversation with a local arts group, Sanner realized the walls of his stores were a perfect “canvas”—so why not add murals to as many stores as possible?

Airport lands international aviation conference, chance to make vital connections

The Routes America 2020 conference coming to Indianapolis on Feb. 3-5 of next year could have a huge impact on air travel to and from the city, even though the event itself is only expected to draw about 800 attendees.

Marian University interested in taking over state mental hospital site

The private university has started conversations with the state for assuming control of the site that holds Larue D. Carter Memorial Hospital, which will close later this year.


Out-of-state firms are sweeping up Indiana’s tech startups. Is that a good thing?

Experts are mixed on whether the buyout barrage is cause for concern or validation of success.

Matthew Neff: What is the difference between venture capital, private equity?

Venture capital focuses generally on companies that are either pre-revenue (a company pursuing an idea, concept, product, service, etc., but not yet generating any significant revenue), or not generating enough cash flow to pay most, if not all, expenses.


Editorial: Indiana making progress in quest to boost venture capital funding

But Hoosier startups still need greater supply of ‘oxygen.’

MICKEY MAURER: Political party ‘polls’ insult our intelligence

Where are the leaders who put country ahead of Republican or Democratic talking points?

Richard Feldman: Indiana must get serious about pathetic state of health

Tobacco use still is the leading cause of preventable disease and premature death, and the Hoosier state is mired in the human and economic losses due to its use.

Tim Phelps: A conservative case for supporting clean energy

These private-sector success stories—nationally and in our state—deserve robust praise because they showcase the free market working exactly as it should.

Santiago Jaramillo: Four employee engagement, workforce trends to watch

Data is making it possible to measure employee engagement and allowing businesses to leverage their culture as a strategic advantage.

BOHANON & CUROTT: An economist’s remedy for toxic masculinity

the discussion of self-command by famous economist Adam Smith in “The Theory of Moral Sentiments” offers some useful insights.

KIM: Have index funds become ‘Frankenstein’s monster?’

Jack Bogle, the inventor of index mutual funds, said just weeks before his death on Jan. 16 at age 89 that index funds had become the “most successful innovation in modern financial history”.

Letter: Market gyrations meaningless to most

The stock market may be a leading indicator, but it is often wrong.

Letter: Economists miss point of hiking cigarette tax

Michael LaFaive and Todd Nesbit miss the point when they argue against raising the state’s cigarette tax.

In Brief

Books & Brews acquires local craft brewery Flat12 Bierwerks

The acquisition continues a partnership that began two years ago when Flat12 Bierwerks began brewing all of Books & Brews’ flagship and seasonal beers.

Local partnership acquires chain of 31 Indiana liquor stores

A group composed of a former medical equipment executive, Indiana’s former secretary of commerce and the chairman of the Indiana Republican Party has acquired Save-On Liquors.

Fast-growing Activate Healthcare acquired by Denver firm

The Indianapolis-based provider of health clinics for businesses has grown to 250 employees in 10 years. But it recently started looking for another owner.

Indianapolis-based FitzMark acquires fast-growing local competitor

The acquisition creates a local logistics company with about 130 employees and annual revenue of about $145 million.

Republicans Jose Evans, Jefferson Shreve eschew 2019 city elections

Jose Evans has decided to not to run for mayor and has thrown his support behind State Sen. Jim Merritt. And City-County Council member Jefferson Shreve, who replaced Jeff Miller last year, won’t seek a return to the council after his current term ends.


Todd Spencer: Highway system deserves gas tax revenue

Revenue diversion is wrong, whether it’s gasoline and diesel taxes or tolls.

Greg Ellis: Truckers right to be concerned but investments needed

In future considerations, the Indiana Chamber would encourage the governor (and lawmakers) to listen to the concerns of the trucking industry.

Do we really need more billboards?

Ed DeLaney: Why some Indiana schools can’t pay teachers fairly

There are school districts losing millions of dollars because of the tax caps.

Claire Fiddian-Green: Marijuana not the answer to solving opioid crisis

The factors that result in addiction are complex, and there is no silver bullet for addressing substance misuse.

Brandt Hershman: Debate over border wall ignores key issues

In a time of near full employment and a strong U.S. economy, the addition of immigrants who share the work ethic and values of our country is a good thing.

Brad Rateike: U.S. has serious problem at southern border

More than once we heard stories about Mexican cartels issuing bounties on individual Border Patrol agents.

Una Osili: New tax law could affect charitable giving

Tax incentives significantly affect how much people give, as well as the timing of their donations.

Gerry Lanosga: Check ‘facts’ on social media before sharing

Stop spreading the B.S. that comes across your feed.

Jennifer Hallowell: Governor is right to focus on workforce

Indiana is poised for record growth and success in the coming years, so long as we embrace opportunities to adapt and change.

John McDonald: Venture capital is key to Indiana’s future

If ideas are free, but capital here is scarce, Indiana’s ideas and entrepreneurs will be underdeveloped compared to other places.

Deborah Hearn Smith: Indiana’s identity depends on addressing two key issues

I cannot imagine reasonable adults looking over a list and discussing whom it’s OK to hate.

Leah McGrath: A teen asks, ‘What have you been doing for 20 years?’

Those leading need to have ideas and a vision, an ability to inspire.

Anne Hathaway: Our government leaders should be ‘a force for good’

Servant leadership is an acquired skill, but that is exactly what we demand from our local, state and federal government leaders.

Adrianne Slash: Millennials will remember government shutdown

It will be interesting to see how many of our generation will consider a federal government job to be a ‘good, secure job’ going forward.

Baron Hill: Leaders must look long term when tackling problems

Quite frankly, both political parties and the president are at fault for this record-breaking closure.


MIKE LOPRESTI: Cooperstown shuts out Indiana once again

Baseball’s Hall of Fame hasn’t been good to Hoosier boys of summer.

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