As state and city officials sit down with architects to hammer out final plans for the Indiana Convention Center expansion,
they’re cutting some bells and whistles to make sure the project comes in at its $275 million price tag.
BioCrossroads is exploring an unusual new strategy to boost the development of Indiana’s life sciences industry: Team up with
San Diego. Advocates say it’s a novel approach with enormous potential for Indiana.
It was Friday evening, June 1, after 10 p.m. My wife, my son Zach and I were enjoying a late dinner at downtown’s Rock Bottom Brewery when all hell broke loose. We were seated indoors, near the front window. Many patrons were seated outside in the sidewalk section. I was looking toward the outdoor tables beyond Zach’s shoulder when I saw a skinny, shirtless young man zoom by on a bicycle. The bike was the size I rode when I…
Iasta.comInc. From chemicals to coatings E-sourcing software streamlines purchasing cycle Companies wanting to gain a strategic foothold in today’s fast-paced Internet-based supply chain marketplace are turning to companies like Indianapolisbased Iasta, an e-sourcing software and services company. Co-founder David Bush, senior vice president for business development, said Iasta’s software product allows companies to be more competitive in tracking work flow and to conduct reverse auctions where suppliers can bid for their business. An Indiana University environmental science graduate, Bush started…
Hubert Humphrey once noted that “the moral test of government is how it treats those who are in the dawn of life, the children; those who are in the twilight of life, the elderly; and those who are in the shadows of life, the sick, the needy and the handicapped.” Our population continues to age. The number of seniors in Indianapolis is on the threshold of doubling-from 95,500 in 2000 to 187,500 in 2040. Therefore, it is incumbent on us…
PROFILE KARLA SNEEGAS Clearing the murky air ITPC director leads charge toward smoke-free Indiana Karla Sneegas is primed for battle. With the fervor of an ancient Crusader, this pint-sized warrior is fighting a “just war” to reduce Indiana’s addiction to tobacco as executive director of the Indiana Tobacco Prevention and Cessation agency. At 4 feet, 11 inches, Sneegas is well-prepared for all foes. She’s armed with knowledge learned as a public health professional and as former director of South Carolina’s…
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…
Carmel-based Oak Street Mortgage, which not long ago was a high-flier poised to go public, filed for Chapter 11 bankruptcy this morning in federal court. Oak Street in December sold most of its assets to Kansas City, Mo.-based Novastar Financial Inc. amid a meltdown of the sub-prime mortgage market. Subprime lenders like Oak Street make […]
Experts haven’t pinpointed the exact reason, but they do know one thing-the rate at which children are being diagnosed with autism has been rising. About one child in 150 is diagnosed by the age of 8 with autism or a related autism spectrum disorder such as Asperger’s syndrome, according to a recent study by the Centers for Disease Control and Prevention. That rate is up about 10 times from the 1980s. Experts have a variety of theories to explain the…
Two weeks before the annual Jazz Fest begins, donations and corporate sponsorships are running about $150,000 short of the $1.3 million budget. So organizers are aiming to boost ticket sales by eliminating the $8.50 Ticketmaster fee.
Three months ago, WellPoint Inc. executives were making trips to California to politely discuss their concerns with Gov. Arnold Schwarzenegger’s universal health insurance plan. Apparently that didn’t work so well. Now, WellPoint’s subsidiary in California-Blue Cross of California-has launched a newspaper and TV campaign opposing Schwarzenegger’s plan because it would require insurers to sell policies […]
Alliance for Community Education, a not-for-profit that offers job training in Hancock County east of Indianapolis, faces an uncertain future because it is generating only $36,000 in annual revenue instead of the target income of $140,300. If more funding isn’t found, its resources will be drained by the end of the year, according to the […]
Indianapolis-based BioStorage Technologies Inc. said today it has raised $8.3 million in venture capital funding. Led by Radius Ventures of New York, other investors included Spring Mill Venture Partners of Carmel, Village Ventures of Williamstown, Mass., and Twilight Venture Partners of Indianapolis. BioStorage focuses on pharmaceuticals and other biomaterials, and recently expanded into Europe.
NASHVILLE, Tenn.-Indianapolis will get a Super Bowl, Colts owner Jim Irsay said today. When is another matter. NFL owners voted this afternoon to play the 2011 game at the 100,000-seat Cowboys Stadium in Arlington, Texas. The decision, which Irsay said came down to a 17-15 vote, dashed Indianapolis’ hopes of strengthening its status as a […]
A recent article in Strategy+business magazine estimated that “the world’s urban infrastructure needs a $41 trillion makeover” between now and 2030. The article explained that $41 trillion is roughly equivalent to the “2006 market capitalization of all shares held in all stock markets in the world.” Some experts think that “new technology” will be the answer, and it may be when nanotechnology takes over the world. For now, however, the trend usually reinforces the trend, and we do the same…
Carmel drug developer Marcadia Biotech has received a $15 million venture capital investment from Frazier Healthcare Ventures of Seattle and locally based Twilight Venture Partners. The funding will help Marcadia develop projects including a glucagon analog for emergency treatment of hypoglycemia, the company announced today. Marcadia, which is led by former senior executives of Eli Lilly […]
International Center pairs local hosts, visiting delegates to promote cultural understanding When a group of Iraqi editors and writers visited Indianapolis last summer as part of the U.S. State Department’s International Visitor Leadership Program, they learned about American journalism and Hoosier hospitality. Florence May, a member of the International Center of Indianapolis’ board and president of Simply Hospitality-an Indianapolis-based special-event planning company-hosted the group for dinner in her home. May grew up in a military family and has lived throughout…
Milwaukee native Trevor Ocock figures his interest in transit dates to age 3. At least that’s what his mother tells him. But the transit bug overtook him at Franklin University in Columbus, Ohio, as he was earning a degree in business administration and human resources management. Soon, he was washing buses for Ohio State University’s transit line. Later, he drove an OSU bus-met lots of ladies that way-and eventually became its operations manager. “I have always liked to be around…
Indiana can pay its share of replacing the aging truss bridge linking Madison and Milton, Ky., but Kentucky can’t afford its portion of the long-planned project. Funding prospects are so bleak that Kentucky not only can’t go ahead with the $500 million bridge, but is putting off three other Ohio River bridges, according to Indiana […]
The 2007 session of the Indiana General Assembly is now history. Whatever else might have been involved in shaping its outcome, nothing was so determinative as the revelation in the closing days that property taxes-driven by the first application of trending, rising property values in general, the elimination of the inventory tax, and some old-fashioned political legerdemain on the part of some assessors in different regions of the state-were expected to rise an average of 24 percent for taxes payable…
