Indianapolis Business Journal – June 14-20, 2019

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In This Issue

Front Page

City to unleash millions in tax credits for ‘signature’ projects

The city of Indianapolis is set to receive $55 million in New Markets Tax Credits from the U.S. Department of the Treasury, which it will use to finance high-impact projects in low-income or distressed areas. 

Corteva keeps local workforce but growth plans aren’t crystal clear

DowDuPont this month spun off the agricultural chemicals, seeds and plant biotechnology firm, turning it into a standalone public company.

Dems seek best option to challenge Holcomb

So far, three Democrats have publicly talked about the possibility of running for governor—state Rep. Karlee Macer, state Sen. Eddie Melton and former Anthem Inc. Chief Medical Officer Woody Myers.


Top Stories

Little League’s impact on Whitestown could be big

Whitestown, which has a population of less than 9,000, is bracing for an estimated 20,000 to 40,000 visitors annually as well as national and international press who will attend tournaments that will be broadcast across the ESPN family of networks.

Growing Mooresville company helps create memorable experiences

Established in 1997, Creative Works designs, makes and installs set pieces and props for a host of entertainment venues, including escape rooms, virtual reality and esports venues and indoor miniature golf courses.

DePauw grants $1M from endowment to student investment group

For most of the school year, the DePauw Investment Group oversaw only about $160,000. But the stakes skyrocketed in April when DePauw’s board of trustees added $1 million from the university’s $731 million endowment.

WTHR-TV Channel 13 to be acquired as part of $535M media deal

After 44 years under the same ownership, Indianapolis NBC affiliate WTHR-TV Channel 13 is being acquired. The station has long been a ratings leader in Indianapolis both in local news and with its NBC programming.

Emmis selling six radio stations in Austin, Texas

The sale represents almost half of the radio stations controlled by Indianapolis-based Emmis Communications Corp. and leaves the company with radio holdings in only two markets.

Development plan for Pan Am Plaza hotels could be split into phases

While the city and Kite Realty Group discuss a slower development timetable for the massive hospitality project, White Lodging said it is holding off on plans for another downtown hotel “until we figure out what’s going on at Pan Am Plaza.”

Companies are giving employees more say in how, when they volunteer

Experts in corporate social responsibility, or CSR, say such programs are at least in part driven by millennials in the workforce and are almost necessary today to attract and maintain top talent.

Q&A with Tiffany Benjamin: Lilly’s efforts more than simply a day of service

“Our central focus as a company is always to make lives better. … It’s a value that is core to every single employee who works here. So if we can have programs that reinforce that we are a company that is focused on making lives better, then we are doing something that connects to our mission and reminds our employees what really matters to us as a company.”

Josh Driver: 5 keys to an effective volunteer time-off program

Employees are not always fulfilled by their work. That can lead to expensive turnover, poor performance or disengagement. Empowering your staff to find purpose during work time creates loyalty to your company and helps fill the gaps their employment may not be creating at the moment.


Focus

Hospitals look high and low for ways to cut energy use

Across Indiana and the nation, hospitals are rolling out new programs to cut energy consumption and reduce their carbon footprints. In the process, they hope to save hundreds of thousands of dollars in the form of lower utility bills.

Study: Legalizing medical marijuana doesn’t solve the opioid crisis

More than 180 CEOs sign letter opposing restrictions on abortion

16 Tech to conduct topping-off ceremony

The ceremony will take place at 10 a.m. July 11 at the construction site, which is bounded by 16th Street on the north and 10th Street on the south, between Indiana Avenue and the White River.

IU medical school part of genomics research

The trials, which will begin in 2020, are part of a sweeping, five-year, $42 million federal research program known as Implementing Genomics in Practice. The first trial will examine whether early access to patients’ genomic data can help with treatment of high blood pressure, hypertension and chronic kidney disease.


Opinion

Editorial: Protect unemployment fund before the next recession hits

The federal government has recommended—and Gov. Eric Holcomb’s administration has suggested—increasing the premiums pay into the state’s unemployment fund to help build its surplus for the next economic downturn.

Michael Leppert: Don’t forget to thank moms at Father’s Day, too

I still am more concerned that my two adult sons might forget Mother’s Day than I am about my day.

GREG MORRIS: Judges shooting details left to lots of speculation

Shroud of secrecy surrounds case in which shooter was quickly set free.

Daniel Haake: Give downtown pedestrians the green light

It’s no surprise that the majority of downtown pedestrian crashes take place when users cross the street.

Josh Owens: State’s charter policies must evolve to help schools

Schools must be held accountable for success in their neighborhoods, and that is more likely to happen when the authorizer, community and school agree on what a school is expected to achieve relative to existing and proposed schools in that neighborhood.

Letter: Scooter scofflaws

I found it humorous that the photo of the scooters on the cover of the May 10 issue appears to show two people riding them illegally on the sidewalk.

Letter: Private student loans also problematic

In short, the derivatives associated with private student lending are far more detrimental to society than federal loans, although the latter are hardly effective or successful either.

Samantha Julka: In workplace design, we say ‘generation shmeneration’

We summed up the generational differences for a client when we stated: It’s not about the generation; it’s about the individual. When designing future offices spaces, our research team at DORIS would say the smart money is on understanding your unique workforce and providing opportunities for choice and variation in your office.

Peter Dunn: How little can you defer for a comfortable retirement?

You need to save between 12% and 14% of your gross income throughout your career to secure at least a 90% chance of retirement success, according to Russell Investments Research Report.

Nate Feltman: Business community embraces volunteerism

Business leaders recognize today that they and their companies have the ability to positively impact their community through volunteerism efforts. Many see it as a responsibility.


Forefront

Mary Titsworth Chandler: Mayor Hogsett’s plan injects fairness into road funding

Of all vehicle miles traveled in the nine-county region, nearly half of the road usage takes place in Marion County.

Scott Fadness: Regional investment hub will strengthen whole region

The Indy metro is falling behind in educational attainment, median wage and the percentage of people living below the poverty line.

Abdul-Hakim Shabazz: Indiana needs to get off the pot

In the last couple of weeks, two more states—North Dakota and Illinois—took steps toward either legalizing marijuana or decriminalizing its possession.

Jim Shella: Clubhouse is point of light for those with mental illness

It’s a rundown building in a rundown part of town. But what goes on there is uplifting.

Marshawn Wolley: Amid strides, mayor must do more for black community

The homicide rate for black males in Indianapolis was about 500% that of white males in 2018—an astronomical disparity in a specific population.

Bill Oesterle: How the state is smothering local experimentation

I think our biggest boldest ideas should originate in our cities and towns.

Pierre Atlas: Let’s focus on who has access to guns

People who commit domestic violence, make public threats of violence, or demonstrate suicidal tendencies should, with due process, be disarmed.

Deborah Daniels: Women are valued in Indiana—just look at the Fever

Indiana values strong, capable women. And the Fever, embarking on its 20th season, just got super-charged in that department.

Richard Feldman: Legislature delivers mixed results for Hoosier health

Our poor Hoosier health is reflective of terrible lifestyle choices and lack of value placed on health by our policymakers.

Christina Hale: Benjamin Harrison offers lessons for all of us

Leaders at the Benjamin Harrison Presidential Site have collaborated with local funders and other partners to build on his legacy to benefit generations to come.

Tom LoBianco: Trump’s tweets might be losing their firepower

His style might be street-fighting, and he might be hard-wired to tweet like Andrew Dice Clay, but now he’s giving away the power of his office.

Curt Smith: Critics of social conservatives have warped standards

Which side is filled with petty, petulant politicians afraid of a sincere questions by a fellow citizens with a different worldview?

Jennifer Wagner: It’s time for Indiana Democrats to offer bold ideas

If we want to lead again, we have to show we can do it.

Shariq Siddiqui: Not-for-profits can only do so much to change world

Social entrepreneurship is in many ways a result of the lack of perceived progress in moving the needle on social good.


Explore

MIKE LOPRESTI: Yankee legend Mattingly reflects on a high school baseball classic

His team lost what many call Indiana’s best state championship game ever.