Litigation slows entrepreneur behind laser weapons, flying scooter
Anderson entrepreneur Pete Bitar has been slowed by litigation but still plans to spearhead a team in the competition to
put a rover on the moon.
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HICKS: So far, federal stimulus plan isn’t stimulating
It has been roughly a year since the passage of the economic stimulus, formally the more harmonious American Recovery and
Reinvestment Act. This stimulus is a textbook example of what we economists call counter-cyclical fiscal policy.DINING: Rule-breaker Recess schools Indianapolis diners
Greg Hardesty’s new restaurant features an ever-changing menu.
Precedent lands two big deals for Greenwood industrial park
Locally based The Precedent Cos. in recent months has landed build-to-suit deals for locally based Mays Chemical Co. and Elona
Biotechnologies Inc.WIEGAND: Who’s monitoring home construction?
About 18 months ago, I watched as the entire exterior of an expensive condo on the Central Canal—originally
built in 1996—was rebuilt. Among the issues: There was no building paper (Tyvek) under the siding, treated lumber wasn’t
used on the exposed porches, and neither was there any drainage.MARCUS: A heavenly suggestion for economic recovery
The federal stimulus programs are based largely on borrowing, not on taxation.
ICVA receives $5.4M gift to promote Indianapolis
The Indianapolis Convention & Visitors Association said Thursday that it has received a $5.4 million gift to help market the
city’s tourism and convention industries. The grant comes from a foundation headed by the developer of the Marriott Place
hotel complex under construction downtown.People
Dr. Michael Weiner, a professor at the Indiana University School of Medicine, has been named director
of the IU Center for Health Services and Outcomes Research, director of the Regenstrief Institute’s health services research
program, and an evidence-based practice center at Richard L. Roudebush Veterans Affairs Medical Center in Indianapolis. Weiner
replaces Dr. Brad Doebbling in those positions. Doebbling remains with the IU med school and Regenstrief.The
board of directors at Hendricks Regional Health added three members: Julia Mullholland,
a community volunteer; Lori Shufflebarger, owner of the Gail Force Enterprises construction firm; and Charles
L. Nelson, an oral surgeon at Avon Oral & Maxillofacial Surgery.Fayette Regional Health System
in Connersville appointed Randy White CEO on Monday. White had been Fayette Regional’s
chief operating officer and had served as interim CEO for much of last year leading up to the resignation
of his predecessor, David Brandon.Safis Solutions, an Indianapolis-based life sciences consulting
company, hired John Nadelin as a senior compliance adviser.Construction
-Shamrock Builders-Commercial has started an interior rebuilding project for Dr. Stephen Lehman, DDS, at 320 Medical Drive,
Carmel. A fire gutted the 4,480-square-foot office Nov. 1. The project is scheduled to be completed by the end of May.-Shamrock Builders-Commercial has broken ground on a new office for Laughlin / Northwestern Mutual Life at 9759
Crosspoint Blvd. The 18,000-square-foot building is scheduled to be completed by the middle of July.-D.B. Klain
Builders LLC has completed a 1,162-square-foot tenant build-out at 2159 Glebe St., Carmel. The space is occupied by Edward
Jones & Co.
Bill would give CO2 pipeline firms right to take private land
A consumer group opposing Senate Bill 115 argues the measure is yet another concession to the developer of a coal-to-methane
plant proposed in Rockport.Greenwood mayor pushes for I-65 interchange
Greenwood Mayor Charles Henderson says his city is willing to pay up to $8 million toward construction of a new Interstate
65 interchange in order to speed up the project.State’s unemployment rate jumps to 9.9 percent
Indiana’s jobless rate made its biggest increase since mid-2009. Department of Workforce
Development Commissioner Teresa Voors attributed the rise, in part, to a decrease in construction in December.Affordable-housing group goes on apartment-buying binge
Partners in Housing Development seized on a weak real estate market to acquire three urban apartment communities in the last
18 months.MAURER: Here’s how Katz Sapper Miller balanced its books
Last November, Katz Sapper and Miller went back to schooll—Broad Ripple High School.
EnerDel hopes to hire 1,100 at new manufacturing plant
Lithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
Outlook remains grim for commercial real estate
Expect another year of rising vacancies, declining property values and distressed sales in the central Indiana commercial
real estate
market. That’s the message from Colliers Turley Martin Tucker in its annual State of Real Estate report.Company news
Hey, wait a minute! That was the reaction, somewhat delayed, by the Indiana chapter of the National Federation
of Independent Business, to a late-December change to federal health reform legislation. The
Senate version of reform exempts companies with fewer than 50 employees from a requirement to provide
health benefits. But in late December, Senate leaders made a change for construction firms, saying the
exemption would apply only if they have five or fewer employees. The change was a favor to union groups,
which said non-union construction contractors would have an advantage over unionized shops that do provide
health benefits. Local NFIB leaders staged a protest/press conference last week, calling on Congress to “strip this
job-killing provision from a final health care bill.”Orbis Education, a locally based maker
of nursing-education software, received $8 million in venture capital from Menlo Park, Calif.-based Lightspeed
Venture Partners. Founded in 2003, Orbis offers online instruction to help universities and hospitals
train new nurses. A key hurdle in the looming nursing shortage is the lack of capacity for nursing schools
to accept all qualified applicants. Last year, it had $4.5 million in revenue and 33 employees. Orbis
aims to boost its work force past 50 by the end of the year. Orbis had previously raised $4 million from
family, friends and angel investors.
Watch out, Eli Lilly and Co. A Greenwood pharmaceutical
firm plans to build a $28 million insulin facility there to make a cheaper version of the diabetes-fighting medicine. According
to the Daily Journal of Franklin, Elona Biotechnologies expects its 50,000-square-foot facility to employ as many
as 70 people. Greeenwood officials are considering $8.5 million in incentives, including some loans,
to help Elona build the facility and get it approved by the U.S. Food and Drug Administration. Elona
was founded in the late 1980s by former Lilly researcher Ron Zimmerman.West Lafayette-based
IVDiagnostics LLC won a $124,000 grant from the National Institutes of Health to further
its cancer diagnostics research. The Small Business and Innovation Research Phase 1 grant will pay for
the company to improve the design of its IVFLow medical device, which analyzes and monitors tumor cells without taking blood
from a patient.Physicians working in a surgery center connected to Community Hospital South kicked
in $500,000 to help the hospital complete a massive expansion. The gift, given by 65 doctors, boosts
to $1.2 million the money raised for the project by the philanthropic arm of Community Health Network.
The $130 million expansion will add 40 beds. It is scheduled to open in mid-2010.F.C. Tucker predicts modest rally for residential market
Central Indiana’s housing market is on track to notch gains in the number of homes sold and the average sales price in 2010.