Indianapolis Business Journal – October 12-18, 2018


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In This Issue

Front Page

After early political losses, Donnelly hits stride

Joe Donnelly, a Democrat seeking re-election to the U.S. Senate, distances himself from Washington, D.C., but not from President Donald Trump.

Braun built wealth, then turned to politics

Mike Braun is worth tens of millions of dollars, but his supporters say he carries himself like a regular, down-to-earth guy.

Developer ready to pull trigger on massive redevelopment of GM site

Ambrose Property Group's mixed-use development, to be known as Waterside, is expected to cost $1.4 billion, more than double the firm's original estimate of $550 million.

Top Stories

Software firm Perq raises $5 million from tech heavyweights

The company’s founders used millions of dollars in capital from their original company—which offered print and direct-mail services—to launch a software division.

State’s largest hops grower finds crop is labor intensive but rewarding

Crazy Horse Hops started with five acres of hops and has expanded steadily since. It’s also putting the finishing touches on a warehouse and processing facility.

Q&A with urban farmer Sharrona Moore

Sharrona Moore wanted to solve food insecurity and food access in her east-side community. So she’s trying to do it herself.

With $3 million in capital secured, Torchlite ignites growth plan

The Indy-based firm plans to accelerate marketing of its platform for finding and managing on-demand digital marketing talent as well as add employees and grow the firm’s footprint beyond the Midwest.

IU researcher wins $44.7M to study rare form of Alzheimer’s disease

The IU School of Medicine said the grant, its largest-ever National Institutes of Health award, will fund a five-year study of a form of Alzheimer’s disease that affects young people.


Architectural icon in a city of architectural gems needs a helping hand

Columbus’ North Christian Church was the final project designed by renowned architect Eero Saarinen but has landed on Indiana Landmarks’ “10 Most Endangered” list.

Precedent Office Park getting new name, $6M-plus in amenity upgrades

The new owners of Precedent Office Park—a landmark business park on the north side of Indianapolis—are planning several amenity upgrades that take advantage of the property’s 38-acre lake.

Westfield approves $15M downtown road project with INDOT

The Westfield City Council on Monday night approved an agreement with the Indiana Department of Transportation on a construction project that is expected to transform the city’s downtown.

Former factory site to become housing


Editorial: Legislature should eliminate final election of superintendent

Republicans and Democrats couldn’t come together on education policy in recent years, but they should be able to agree that there’s no good reason to hold an election just for old time’s sake.

NATE FELTMAN: IPS referendum process inspires hope

Collaboration between school district, business leaders is how problem-solving is supposed to work.

Michael Foit: Recommit to skilled trades as alternative to college

It’s time to change this “everyone should go to college” mindset, along with the attitude that those who do not go to college are limited to low-income jobs (and, by inference, unhappiness).

Chris Moorman: State should free Hoosier farmers to grow hemp

Today’s farm economy is far too complex to “fix” with a silver bullet, but innovation on the farm has always been the key to prosperity.

Liz Malatestinic: Think you’re great at multitasking? Think again

While we may feel better about attacking a variety of tasks, we actually lose a lot of productivity—some estimate as much as 40 percent—in the act of switching gears from one thought process to another.

Don’t praise—or curse—Amazon for its pay decisions

MICKEY KIM: Stocks continue to be appealing, but Goldilocks has left building

The fact remains that both the stock market’s advance from the March 2009 lows and the economic expansion are long in the tooth.

Letter: Kavanaugh will be impartial Supreme Court judge

Apparently Judge Kavanaugh’s six or so FBI background checks are not enough for Sheila Suess Kennedy.

In Brief

Attendance remains steady for third running of Red Bull Air Race

Attendance for this year’s Red Bull Air Race at Indianapolis Motor Speedway was down only slightly from a year ago. The event was in the third year of a three-year contract, but IMS officials aren’t ruling out a return.

Segregationist’s name coming off Indiana University building

The decision comes about 10 years after the push began to rename the Wildermuth Intramural Center.

Indiana school district says solar farm will save it $2.2M

The farm can produce up to 600 kilowatts of power and is expected to generate 85 percent of the electricity used by the entire district.

Bernie Sanders to kick off barnstorming political tour in Indiana

The packed October schedule marks the Vermont independent's most extensive stretch of campaigning since the 2016 presidential race.


Betsy Wiley: Appointing the schools chief is common sense

If you look across the national landscape, more than three dozen states already appoint their superintendents.

Karen Tallian: Superintendent should be elected by the people

By making this elected position an appointed one, the supermajority ignored the voices of the more than 1.3 million Hoosiers who voted to put Glenda Ritz in that office.

Deborah Daniels: Higher tolls good trade for better roads, broadband

How can a small business thrive in the 21st century without internet access?

Abdul-Hakim Shabazz: Consumers, farmers lose in Trump’s trade war

The only things to be gained from a trade war are higher prices, economic uncertainty and misery, much like real war.

Tom LoBianco: Reporters need to stop letting Trump define them

This seemed to be a wakeup call for reporters. Maybe we need to do a better job letting the public know who we are.

Jim Shella: News decisions shouldn’t be driven by clicks

Leadership sometimes requires turning a blind eye to analytics.

Randall Shepard: Indiana does appellate nominations far better

Indiana has three appellate courts, and the chief judges of all three are presently women.

Christina Hale: Creating a culture that supports victims

How we respond to Dr. Ford and discuss her case could discourage today’s victims of sexual assault from reporting.

Riley Parr: Kavanaugh, hearings swayed too far into politics

Democrats have given Republicans the best possible motivation to turn out and vote.

Mary Beth Schneider: A bad case of chicken pox

To so many women, the last couple weeks felt like another losing battle in a lifelong war to be believed and respected.

Michael Leppert: Hoosier Women Forward is a pretty big deal

In modern America, we shouldn’t have a need to address the shortage of women in leadership roles.

Jennifer Wagner: Vote for something, not against something else

What’s fascinating: The two men most recently elected to serve as presidents of the United States took a positive approach.

Marshawn Wolley: NFL can teach not-for-profits about diversity

Don’t stop recruiting until there are viable candidates of color in the applicant pool worthy of an interview.

Shariq Siddiqui: Let not-for-profits be innovative, willing to fail

The challenge is that social value is hard to achieve when making a profit or worrying about the bottom line.

Curt Smith: Why we should raise ‘fees’ on tobacco use

Although there is no guarantee the projected $350 million it generates will all end up covering health care expenditures, hopefully the Legislature will dedicate it to public health spending.


Explore: Brown County tour lets visitors see how art is made

The Back Woods Studio Tour, a self-guided swing through rural Brown County through the end of October, showcases the work and work spaces of more than 20 artists and craftsmen.

MIKE LOPRESTI: At football juggernaut Pioneer, opponent touchdowns are rare

The average margin of victory this season is 63-3 at school that never kicks an extra point.