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Land banking: Banks grab top sites for branches, often years before they build

May 19, 2008

Many of central Indiana’s banks are filling their own safe-deposit boxes, but they’re not stuffing them with jewelry, legal documents or blackmail material. They’re banking parcels of land. The sites often are in fast-growing suburbs or redevelopment areas that hold potential for new brickand-mortar bank branches, sometimes several years down the road. Competition can be fierce for the prime sites, and other financial institutions aren’t the only nemesis for banks: Walgreens and CVS also are fighting over the best ground,…

NOTIONS: Political promises no panacea for health care

May 12, 2008

A while back, I had lunch with my friend John. As is our wont, we talked about politics, religion, our families, joys, frustrations. When the subject turned to work, John told me he’s trying a new approach to fund raising and “friend-raising” for his small not-for-profit cancer agency. He’s cutting out the big, time-consuming special event and simply inviting people in for a one-hour introduction to medically under-served cancer patients and how his organization helps. I told him I’d like…

AAR to hire 300 at airport hangar

February 25, 2008

AAR Corp., the Wood Dale, Ill., company that took over the abandoned United Airlines repair base three years ago, said it hopes to add more than 300 workers this year in Indianapolis. Mayor Greg Ballard is expected to attend a press conference early this afternoon announcing the expansion. AAR currently has 925 employees working in […]

Schellinger calls for restored bargaining

February 7, 2008

Jim Schellinger, who is seeking the Democratic nomination to unseat Gov. Mitch Daniels in his attempt at a second term, told a group of retired United Auto Workers members yesterday that in his first hour as governor he would reinstate the ability of unions to bargain collectively. Speaking in Marion, Schellinger also said he would […]

Old Centrum to close

January 31, 2008

The Old Centrum is scheduled to close at the end of March, leaving an uncertain future for the former Central
Avenue United Methodist Church at 12th and Central. The…

City emerging as drug distribution hub: Medco Health Solutions deal latest boon to growing subsector in Indiana’s life sciences development efforts

January 21, 2008

Thanks to a series of major economic development wins, Indianapolis is enjoying a pharmaceutical distribution business hot streak. Life sciences industry leaders hope to keep the sizzle burning in 2008 and beyond. “It’s not something we’re hoping we can do someday. It’s something we’re already doing now,” said BioCrossroads CEO David Johnson. “We’re simply trying to expand the footprint of what we’re doing.” Pharmaceutical logistics has become a big business. According to the Arlington, Va.-based Healthcare Distribution Management Association, U.S….

Burn foundation targeting campus fire deaths: Federal grant will help carry DVD’s message to thousands of colleges

January 7, 2008

A local not-for-profit has received a $1 million grant to help keep college kids safe from fires, some of which are set as pranks. The People’s Burn Foundation will begin pilot testing a DVD video on fire prevention and mail a final version to nearly 5,000 colleges and 38,000 fire departments, starting in April. The video was funded largely by a $1 million grant from the U.S. Department of Homeland Security. It’s the latest in a string of grants received…

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…

Payne paved way for Cultural Trail project

November 5, 2007

If the idea of building a $50 million, 7-1/2-mile pedestrian and biking trail through the streets of downtown Indianapolis
is indeed crazy, Brian Payne might be considered the Indianapolis Cultural trail’s mad scientist. His leadership, persistence
and passion for the project are the key reasons the first leg of the trail is due to open this month along Alabama Street.

Initiative seeks to bolster not-for-profit execs: Venture groups would go beyond professional

October 15, 2007

The local not-for-profit Leadership Ventures plans to pilot a program that teams not-for-profit CEOs in monthly sessions where they’ll jointly solve problems at one another’s organizations. Besides professional development, the Executive Director Venture Group program seeks to form lasting ties among these CEOs, who often serve in relative isolation and face myriad more duties than their counterparts in private business. “There are a ton of support organizations for businesses, [but] how many are there only available for not-for-profits?” asked Ruth…

Navigating the credit crunch: Will subprime woes leave you dry? Here’s what to look for.

September 24, 2007

For months, we’ve been reading and hearing news about the so-called subprime mortgage crisis and the resulting “credit crunch.” For thousands of families who have lost their homes to foreclosure, the crisis is clear. For most people, however, the impact isn’t so obvious. Beyond those directly affected by mortgage defaults, who else should be concerned about the aftershocks? Some economic forecasters are warning that the subprime mortgage situation and the ongoing weakness in the housing market could linger long enough…

Court reporters in short supply: School closings lead to openings

June 25, 2007

Tom Richardson credits fictional defense attorney Perry Mason and the climactic trials on the long-running television series for prompting him to become a court reporter more than 30 years ago. But the romance of participating in a high-profile court case or deposition and translating riveting testimony seems to be lost on the younger set. Industry experts say the dwindling number of licensed court reporters and the closure of a number of court-reporting schools have mired the profession in a severe…

Local music festivals struggle for footing: Is there any such thing as a consistent money-maker?

June 11, 2007

The humidity and mercury are rising as a slew of summer music festivals tune up. There’s bluegrass in Brown County, jazz in Military Park. But all the music events-even those with years of history-struggle to break even. Blame uncertain weather, large price tags and fickle fans. “As a general rule, only very large pop music festivals make money,” said Christopher Hunt, a professor at Indiana University’s arts administration program. “Smaller festivals of every kind-jazz, pop, classical-almost always lose a good…

Media trainer becomes driving force at Speedway: Firm teaches athletes how to behave on camera

May 28, 2007

While most eyes were on the Indianapolis Motor Speedway’s 2-1/2-mile oval this month, Kevin Long was more interested in what happened in the media room. Long is not a news reporter, but he’s been focused on every word spoken to the media this month by drivers, team managers and owners. It’s Long’s job to make sure those speaking into the mike maximize the benefit for themselves, their teams and sponsors. He owns and operates MVP Sports Media Training LLC, a…

Contamination reconsidered: Developers show more acceptance toward environmental trouble spots When property is scarce, mitigation becomes viable

May 21, 2007

When property is scarce, mitigation becomes viable The plan to close Citizens Gas & Coke Utility’s coke manufacturing plant this year has already brought a few inquires about its reuse potential. But perhaps the biggest impact of the foundry fuel-maker’s demise will be stoking discussions over whether other environmentally scarred properties are ripe for redevelopment. Until recent years, many developers regarded any property with even a tinge of environmental contamination as if a parcel in Chernobyl. The coke plant “illustrates…

Web rates get banks’ attention: Some try to compete by boosting savings yields

May 14, 2007

In an effort to lure new customers, more traditional banks are beginning to emulate their Internet adversaries and offer online savings accounts boasting much higher annual yields. Customers are increasingly turning to Internet banks because they offer highyield savings accounts that don’t require massive balances. First Internet Bank of Indiana, founded in 1998 by local tech entrepreneur David Becker as the first state-chartered Internetonly bank, has seen its assets grow to more than $530 million in less than a decade…

Taliera switches strategy for buying underperforming brands of booze

April 9, 2007

Taliera Corp. plan to raise $60 million through an initial public offering was withdrawn March 27, but Taliera isn’t going
away. It’s simply trying a different approach. CEO J. Smoke Wallin said he and his team of eight beverage industry veterans
still believe their business plan is right.

NOTIONS: If you want to be your best, Easy Street’s a dead end

February 19, 2007

I’ve been driving around Indiana with my pal, the professor. For four consecutive Thursdays, we rendezvoused at dawn, grabbed cups of caffeine and headed to the northeast corner of the state to teach grant-writing. Our students, desperately seeking funds for the not-for-profit organizations they lead, were eager to learn and engaged in our lesson. The conversations en route were equally engrossing. We talked about our families and their health, our kids and their activities. We covered politics, sports and our…

Tough road to the top: 77 percent of university presidents are men. Will new hires at IU and Purdue change that?

February 12, 2007

After decades of Affirmative Action, women occupy fewer than one-fourth of U.S. university presidents’ offices-this despite females making up 58 percent of undergraduates, according to the U.S. Education Department. Women made decent strides between 1986, when 10 percent of college presidents’ offices were occupied by women, and 2001, when 21 percent had women. However, between 2001 and 2006, the number barely changed. In the most recent survey by the Washington, D.C.-based American Council on Education, a public-policy advocacy group, preliminary…

SPORTS: 2006 was a year of sports highs-and lows

January 1, 2007

What a mixed bag 2006 was. For every yin, there was yang. Yin: The Indianapolis Colts claimed home-field advantage in the NFL playoffs. Yang: They then lost to the Pittsburgh Steelers when mouthy M i ke Va n d e r j a g t gagged on the gametyin kick. Yin: The city hosted a simply extraordinary Final Four at the RCA Dome and welcomed to town a genuine Cinderella, George Mason. Yang: The games were one-sided, and, speaking of…

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