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    Mark Busalacchi

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Articles

Gatorade inventor’s death recalls local links: Stokely-Van Camp launched sports drink here in 1960s

December 3, 2007

Gatorade’s inventor, Dr. J. Robert Cade, who died Nov. 27 in Gainesville, Fla., left a legacy in Indianapolis that stretches back four decades to the birth of the multibillion-dollar sports drink industry. The invention became a blockbuster product for an Indianapolis-based company and spawned the creation of an Indianapolis-based trust that has doled out tens of millions of dollars in royalties to inventors and other beneficiaries. The city continues to get an economic jolt from Gatorade, with nearly 500 local…

Ritter’s sets new game plan

November 26, 2007

The Indianapolis-based parent of the Ritter’s Frozen Custard brand has been stuck in a cold streak lately, facing scores of
new ice-cream competitors and a dwindling lineup of franchisees. But RFC Franchising LLC is planning big changes designed
to firm up the home-grown chain, which now has 48 stores in nine states, down from more than 60 locations in 2005.

Covance buys partially built Lilly plant

November 21, 2007

An insulin manufacturing plant that Indianapolis-based Eli Lilly and Co. began building in Prince William County, Va., has been acquired by Covance Inc. for an undisclosed price. Lilly announced in January that it had stopped construction because insulin demand wasn’t as high as anticipated. Covance, a drug development services company headquartered in Princeton, N.J., said […]

Carrier carrying on in cool housing market

November 19, 2007

With steep declines in new-home construction and existing home sales, market conditions in the Indianapolis-based North American
residential business of Carrier Corp. “are clearly challenging,” according to George David, CEO of Carrier’s parent, United
Technologies.

Medco likes Daniels, ‘entrepreneurial spirit’

November 14, 2007

Gov. Mitch Daniels’ personal involvement and the “entrepreneurial spirit” of the Indiana Economic Development Corp. were among the reasons Medco Health Solutions announced Nov. 12 that it had chosen the Indianapolis area over Louisville for the location of a $150 million pharmaceutical distribution center. The sentiment was expressed by Medco President Kenneth Klepper in The […]

UPDATE: Medco jobs hit ‘sweet spot’ for economy

November 12, 2007

Medco Health Solutions’ plan to build a large pharmacy distribution center in the Indianapolis area hits the state’s “sweet spot” for economic development, local and state officials said today. By employing pharmacists to oversee prescriptions, engineers and computer geeks to design and run robotic equipment to dump pills into bottles, and logistics workers to route […]

Drug distributor to create 1,300 jobs in region

November 12, 2007

Medco Health Solutions’ plan to build a large pharmacy distribution center in the Indianapolis area hits the state’s “sweet spot” for economic development, local and state officials said today. By employing pharmacists to oversee prescriptions, engineers and computer geeks to design and run robotic equipment to dump pills into bottles, and logistics workers to route […]

Ballard’s sketchy agenda fuels unease

November 12, 2007

The afternoon after Greg Ballard’s shocking victory at the polls, the mood was sober at Marion County Republican headquarters.
Jubilation had given way to reality. Although mayor-elect Ballard described himself “as tired as a guy could get,” he has
no time for a break. And what the former U.S. Marine Corps lieutenant colonel will do is largely a mystery.

Will ATA leave Indy entirely?

November 9, 2007

IBJ reporter Chris Oâ??Malley reported last weekend that ATA Airlinesâ?? parent company has quietly moved its
headquarters to Peachtree City, Ga. Global Aero Logistics no longer flies out of Indianapolis International
Airport, but it has other operations here that employ…

Airport casts net for two sculptors

November 8, 2007

The Indianapolis Airport Authority is looking for a few good sculptors-two, in fact. The authority is asking artists to submit proposals for two sculptures to go in the north garden at the new midfield terminal. Proposals are due Dec. 21, with one sculpture scheduled for installation in late 2008 and another in 2009. The sculptures […]

Sluggish housing market a blow to some contractors: Residential crews seek commercial jobs to stay busy

November 5, 2007

The number of crews Robert Hoffman employs to frame new homes has dwindled from 14 to four, and could drop even more if the residential construction market continues to sputter. But the owner of Hoffman Framework Inc. in North Salem, a tiny town in western Hendricks County, is not about to let his 12-year-old business wither away. Instead, he’s expecting to recover by making the leap to the much more vibrant commercial sector, where he can use his experience framing…

ECONOMIC ANALYSIS: It’s time to use mass-appraisal model on state’s homes

November 5, 2007

In the 10 years since Indiana’s property-appraisal system was ruled unconstitutional, taxpayers have spent perhaps $1 billion to remedy the situation. That’s more than $350 per household, and more than we spend on environmental protection each year. “Wowser” is the only printable exclamation I can muster. Among other things, Gov. Mitch Daniels’ tax plan proposes the elimination of the township assessors (there are 1,008 offices statewide). According to a 2004 Chamber of Commerce study, streamlining the system would result in…

ATA parent shifts HQ to Georgia

November 5, 2007

The writing has been on the wall that Indianapolis might lose the headquarters for ATA Airlines and/or parent Global Aero
Logistics ever since April, when Global said it was buying Georgia-based World Air Holdings. Now, the writing is on paper:
Indianapolis has lost another headquarters.

Midwest Mole tunnels into large local projects: East-side company in unusual niche makes mark

November 5, 2007

In the face of a slumping local economy in the early 1980s, several national construction firms packed up and left Indianapolis. One locally based salesman, Len Liotti, was given a choice-move to St. Louis along with his job at tunneling contractor Affholder Inc., or set out on his own. Seeing the void the big players would create when leaving, Liotti started Midwest Mole Inc. in 1982 to fill it. Twenty-five years later, the privately held firm is thriving thanks to…

A wildlife-friendly business park

October 30, 2007

Holladay Properties and the Indiana Wildlife Federation plan to dedicate the state’s first “Certified Wildlife-Friendly Development” at an event tomorrow. The 1,500-acre AmeriPlex Business Park, southwest of the Airport, won the designation by…

Angie’s List CEO wanted shot at WellPoint’s Zagat deal

October 29, 2007

WellPoint Inc. and Angie’s List are both racing to launch doctor-rating services early next year. But Angie’s List is already
sour over Well-Point’s decision to partner with New York-based Zagat Survey LLC for its doctor-rating service, apparently
without talking to Angie’s List.

Hundreds snap up commuter flight tickets

October 16, 2007

More than 400 tickets have been sold for flights among Indianapolis, Evansville and South Bend on Massachusetts-based Cape Air, a month before the commuter airliner begins service, reports the Evansville Courier & Press. Cape Air, which will begin flying Nov. 13, will offer direct Evansville-to-Indianapolis and Indianapolis-to-South Bend flights. The commuter airline company in August […]

WellPoint opens west-side pharmacy operation

October 15, 2007

Indianapolis-based WellPoint Inc. has opened its location at Indianapolis International Airport for handling specialty drugs. The 126,000-square-foot site within the former United Airlines maintenance hangar has automated handling equipment and a call center. It is staffed with 400 workers and is slated to grow to 900 before 2010. Pharmaceuticals handled through PrecisionRx Specialty Solutions often […]

IU business incubator partners with Siberian school: Reciprocal visits could lead to high-tech opportunities

October 15, 2007

After unwrapping his luggage from its seal of shrink-wrap, Mark Long reviewed his notes for the upcoming seminar. He hardly needed them. Long, CEO of Indiana University’s Research and Technology Corp., has spoken many times about how academics transfer their research discoveries to the market. But this was the first time he ever delivered the speech in Siberia. The audience-a group of business and academic leaders-ultimately could help Hoosiers access a treasure-trove of Russian technologies. “They have a lot of…

Cross-country course launched downtown

September 26, 2007

Officials for the Indiana Invaders track and running club and the city of Indianapolis announced yesterday that a championship cross-country course and training venue will be developed along the banks of the White River downtown. Ground was broken this week on the project, which is being financially supported by locally based retailer The Finish Line, […]

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