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Roof Envy: Insurers pay to fix thousands of hail-damaged homes, but some neighbors are feeling left out

November 13, 2006

After an April hailstorm caused widespread damage in central Indiana, an epidemic slowly and quietly began spreading through tree-lined streets and cul-de-sacs. As contagious as the common cold, “neighboritis” is contracted through casual contact with friends and neighbors, even by the simple act of driving by a house topped with sparkling new shingles. Those infected often experience an initial wave of optimism and euphoria, sometimes followed by a crash that leaves them feeling dissatisfied, even betrayed. The cause of the…

Mentoring initiative aims to grow Hispanic businesses: Applications available soon for three-year program

September 11, 2006

Leaders of the growing Hispanic community have high ambitions for a new business-mentoring program with a modest price tag. In October, the Greater Indianapolis Chamber of Commerce’s Hispanic Business Council will debut its volunteer “Mentor/ProtÃ©gÃ©” initiative, which will annually match three promising Hispanic companies to local professionals that can spur their growth. Whether the Hispanic firms need help with accounting, legal counsel, supply chains or sales, the Chamber will leverage its network of contacts. And if the threecompanies-per-year pace is…

Student sponsorship deal raises money, criticism

September 11, 2006

The Indianapolis office of Zurich-based UBS Financial Services Inc. is experimenting with “adopting” the freshman class at Herron High School as the UBS Scholars of 2010. Its foundation made a $100,000 gift to the startup charter school, and local employees made a commitment to tutor, mentor and otherwise support its first 92 students.

ECONOMIC ANALYSIS: Productivity is going up, but what’s the cause?

September 11, 2006

It’s all quite clear as economists draw it up on their blackboards. Growth in productivity-defined as the output produced per person-hour of labor-is what ultimately allows us all to enjoy a higher standard of living. When we collectively produce more, we earn more. Or, to put it another way, we can afford to pay ourselves more without provoking inflation. And since the midpoint of the last decade, the measures of economy-wide productivity produced by the U.S. Bureau of Labor Statistics…

First Internet’s acquisition is no run-of-the-mill bank:

September 4, 2006

BEHIND THE NEWS First Internet’s acquisition is no run-of-the-mill bank Bank mergers happen all the time in Indiana, but this one is about as unique as they come. The buyer, Indianapolis-based First Internet Bancorp, was one of the nation’s first Web-only banks when it opened its doors in 1999. Today, it’s among the top five in that field, with assets topping $445 million. The seller is Indianapolis-based Landmark Financial Corp., parent of Landmark Savings Bank. Landmark Financial, with assets of…

Jones’ ChaCha IT firm to have human touch

August 14, 2006

For the last eight months, Indiana’s resident high-tech guru has been quietly developing a new IT firm. Few details have been leaked to the public. But in September, a national media blitz will announce the launch of ChaCha Search Inc., Jones’ new human-assisted Internet search engine.

At age 25, Wild Birds exceeds 300 stores in 43 states, Canada

July 24, 2006

When Jim Carpenter opened the first Wild Birds Unlimited in Indianapolis 25 years ago, his goal was to bring people and nature together–a combination that has brought him "unimaginable" success.

City Securities buys lender in bid to reach new markets

July 24, 2006

City Securities Corp., one of the largest investment firms based in Indiana, has purchased Columbus, Ohio-based ReCasa Financial Group LLC, a specialty lender focused on rehabs of dilapidated houses.

Rapid-transit plans gain speed, but drivers might not give up keys

July 10, 2006

Just 5,900 Marion and Hamilton County commuters would park their cars in favor of rapid transit if that were an option, according to data from a late-2001 report for Indianapolis’ Metropolitan Planning Organization by New York firm Parsons Brinckerhoff.

Honda poses pay dilemma: New auto plant’s higher wages likely to force other employers to pay up or lose workers

July 3, 2006

GREENSBURG-Companies from Cincinnati to Indianapolis hoping to drive home business from Honda Motor Co.’s 2,000-employee plant might want to watch for an economic pothole hiding up the road. Giant auto plants plopped onto the prairie, while buying hundreds of millions of dollars in goods and services from companies in the state, also tend to swallow workers from established employers. That likely will force some Indiana employers to jack up wages and benefits to retain and attract workers pining to wear…

Kroger shops for land: Grocer gathering property for full-size downtown store

June 12, 2006

Downtown residents might finally get their second full-service grocery store. Cincinnati-based Kroger Co. has purchased an acre of land immediately west of its store near the intersection of 16th Street and Central Avenue in hopes of razing the existing store and replacing it with a new, and much larger, grocery. “We would like to build a brand new store that incorporates all of the amenities that [we] have at our newer stores,” said Jeff Golc, a Kroger spokesman. Neighbors are…

Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotion

June 12, 2006

By the time he graduated in 1985, Tony Altavilla ranked third in career touchdown receptions at Wabash College in Crawfordsville, an all-male institution that likens itself to the best conservative liberal arts colleges of New England. His star rose again recently, when the member of Carmel’s Crooked Stick Country Club led a committee that helped the Pete Dye-designed course score the 2009 U.S. Senior Open Championship. But the Wabash man and golfing buddy of the affluent now finds himself in…

VIEWPOINT: To be a logistics leader, state needs a plan

May 29, 2006

Indiana is poised to become the country’s logistics center. Recently, there has been a lot of discussion on that topic. Now is the time for business, government and education to come together and make it happen. SupplyNet 2006-the recent statewide conference that brought together not only transportation, distribution and logistics industries, but also representatives from manufacturing, retail, information technology, government and academia-detailed the broader picture of supplychain management. As a cutting-edge business strategy, supply-chain management integrates internal and external logistics…

WEB REVIEW: Is e-mail marketing the answer for you?

May 22, 2006

If you’re running a business, there’s a good chance you’ve been frustrated with marketing. You’ve spent time and money on ads here and there, but the results were unpredictable-or worse-questionable. You’re in the phone book because you feel you have to be, but the cost goes up year after year. Word of mouth works, but it’s too slow. Direct mail works, but it’s too expensive. Radio and TV are difficult to do well and nearly impossible to track for results….

SPORTS: Fixture on local sports scene continues 42-year run

May 15, 2006

Since he nearly died a couple of months back, now is probably a good time to write something about my friend, Bill York. After all, I’d at least like for him to be able to read it. York is one of those behind-the-scenes folks who gives Indiana a good name. To the local and national sports media, he personifies Hoosier Hospitality. For years, York has directed the media room operations at the Indianapolis Motor Speedway, Conseco Fieldhouse (Market Square Arena…

Money manager launches own firm: Former SBK-Brooks exec opens Liger Securities

May 15, 2006

If David B. Girton isn’t already regarded as an innovator in the local investment brokerage community, he should be now. The 45-year-old Indianapolis native is in the process of launching Liger Securities Corp., the only locally owned black investment firm in the city. But 10 years ago, he accomplished a similar first, when he opened the local office of Cleveland-based SBK-Brooks Investment Corp., then the only black-operated brokerage here. Make no mistake, though, Girton’s credentials far outweigh his designation as…

Health care with privileges: Boutique medical practices buy time for doctors, patients

May 8, 2006

Membership definitely has its privileges at the new north-side medical practice launched by doctors Timothy Story and Kevin McCallum. An annual retainer of at least $2,500 gives patients around-the-clock doctor access, medical records they can carry on a key chain, unlimited office visits and refreshments when they arrive. FirstLine Personal Health Care represents the Indianapolis market’s latest foray into boutique medicine, a form of health care criticized for being exclusionary since it popped up in Seattle a decade ago. Story,…

Suburban residents slow to jump on vanpool bandwagon: Neither cost nor environmental advantages stir the masses; advocate says ’employers need to get smarter’

April 17, 2006

The federally funded Central Indiana Commuter Services has finally won over a dozen workers to share a van to and from work-somewhat of a feat in a region where a vanpool might as well be a bathing option for a conversion van. Besides a vanpool program that runs between Cloverdale and Indianapolis, CICS recently signed on a handful of Fishers residents to share a seven-passenger van between the Hamilton County town and downtown Indianapolis. Lately, CICS has been trying to…

Keeping up with CEDIA: Group’s new boss shares successes, challenges

April 17, 2006

The locally based Certified Electronics Designers & Installers Association recently selected Don Gilpin as its new executive director. Gilpin, 42, is an eightyear veteran of the trade group and had served as executive vice president. The Minnesota native and Franklin College graduate spoke with IBJ about his appointment and the issues facing the organization. IBJ: As executive director of CEDIA, what is your role? GILPIN: CEDIA has different departments within it, and they range from expo to marketing to legislative…

EYE ON THE PIE: Values, economics go hand in hand

April 17, 2006

“Why,” I asked myself, “do I write so much about politics when my interests are in economics?” “That’s easy,” I answered myself. “As an economist, I am interested in the decisions that determine who gets what. Many of those decisions are made by politicians. They decide which roads are repaired, whose children get a good education, who gets good medical attention, and who gets mediocre services. They decide who pays how much in taxes, thereby deciding how much we have…

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Articles

Roof Envy: Insurers pay to fix thousands of hail-damaged homes, but some neighbors are feeling left out

Mentoring initiative aims to grow Hispanic businesses: Applications available soon for three-year program

ECONOMIC ANALYSIS: Productivity is going up, but what’s the cause?

First Internet’s acquisition is no run-of-the-mill bank:

Jones’ ChaCha IT firm to have human touch

At age 25, Wild Birds exceeds 300 stores in 43 states, Canada

City Securities buys lender in bid to reach new markets

Rapid-transit plans gain speed, but drivers might not give up keys

Honda poses pay dilemma: New auto plant’s higher wages likely to force other employers to pay up or lose workers

Kroger shops for land: Grocer gathering property for full-size downtown store

Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotion

VIEWPOINT: To be a logistics leader, state needs a plan

WEB REVIEW: Is e-mail marketing the answer for you?

SPORTS: Fixture on local sports scene continues 42-year run

Money manager launches own firm: Former SBK-Brooks exec opens Liger Securities

Health care with privileges: Boutique medical practices buy time for doctors, patients

Suburban residents slow to jump on vanpool bandwagon: Neither cost nor environmental advantages stir the masses; advocate says ’employers need to get smarter’

Keeping up with CEDIA: Group’s new boss shares successes, challenges

EYE ON THE PIE: Values, economics go hand in hand