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Articles

Pedestrian bridge to state park still in the works: White River venues think hotel complex will be a boost

February 4, 2008

Developers of the $425 million hotel complex downtown still are working out plans for a pedestrian bridge spanning Washington Street that will connect it to White River State Park. Merrillville-based White Lodging Co. and Indianapolis-based REI Real Estate Services proposed a connector-either a bridge or an underground tunnel-in early designs of the convention hotel complex at the southwest corner of West and Washington streets. Although later site plans did not include the link, REI President Mike Wells said the developers…

Retiring baby boomers create openings for new grads

February 4, 2008

Students donning caps and gowns this May will find jobs aplenty, college career officers and others say. Some industries–like
health care, accounting, engineering, computer science and sales–are more flush with jobs than others. But students receiving
liberal arts degrees also are in high demand because of their well-rounded education.

Technology park could boost area’s biomedical efforts: First phase of Purdue project, featuring accelerator building for up to 25 startups, should be finished this year

February 4, 2008

The park is expected to be a major amenity for the area’s growing biomedical economic development efforts. Purdue Research Foundation paid $2.5 million in June to purchase a half-interest in 78 acres at AmeriPlex industrial park. The university ultimately anticipates filling it with as many as 75 businesses and 1,500 jobs. AmeriPlex owner Holladay Properties, a South Bend developer of industrial parks, owns the other half of the site. Dubbed Purdue Accelerator Park at AmeriPlex-Indianapolis, the project is intended to…

VOICES FROM THE INDUSTRY: More businesses can benefit from a doctor in the house

February 4, 2008

Fifty years ago, a sick or injured worker in a manufacturing plant did not have to leave work to get care-the worker simply went to the plant clinic and saw the company doctor. Today, the idea of the company clinic is making a come back, but with a new emphasis on wellness and prevention. health recommendations and concerns. In some cases, these routine visits can lead to the discovery of potentially serious conditions that might have otherwise gone unnoticed and…

Adding to the life science corridor

February 1, 2008

For years, dreamers have envisioned a life sciences crescent stretching from West Lafayette down Interstate
65 to Indianapolis, then along State Road 37 to Bloomington.

The thinking was, this corridor would take advantage of Indiana and Purdue universities and IUPUI as…

Houston to bid for 2012 Super Bowl

February 1, 2008

Houston will be bidding on the 2012 Super Bowl, the Texans said Wednesday. Reliant Stadium is the best venue in the league for the big game, the team said. Houston opened its new stadium, with a maximum seating capacity of just more than 72,000, in 2002. It hosted a Super Bowl in 2004. “In terms […]

Super Bowl study

January 29, 2008

Indianapolis Mayor Greg Ballard has made quite a production of putting together an executive team to study whether bidding to be the host of the 2012 Super Bowl is a worthwhile endeavor.

Some in the sports business sector are not quite…

Super Bowl bid strengthens

January 28, 2008

The winds of optimism are blowing toward Indianapolis when it comes to hosting the 2012 Super Bowl.

New Indianapolis Mayor Greg Ballard this week plans to announce that Central Indiana Corporate Partnership CEO Mark Miles will lead an effort to study…

Busy year, no whoppers: Deals were numerous in 2007, but lack of blockbuster holds overall price tag down

January 28, 2008

The Indianapolis area didn’t experience a monster-size business transaction in 2007 like it has in recent years, but that doesn’t mean the deal-makers weren’t busy. IBJ’s annual list of Big Deals tracked more large business transactions involving Indianapolis-area companies than ever before in 2007, even though the total dollar amount of the deals was dramatically lower than the previous year’s. Deals compiled by the Indianapolis Business Journal that closed in 2007 totaled $23.4 billion, well below the $38.5 billion posted…

Pacers falls into last place in NBA home attendance

January 28, 2008

The Indiana Pacers
have hit rock bottom. This month, the team slipped into last place in average home attendance among the 30 National Basketball
Association teams, falling behind the New Orleans Hornets, a team that is selling tickets in an area still ravaged by Hurricane
Katrina.

Firm that sells sunglasses for large heads lands Wal-Mart deal

January 28, 2008

In March 2006, USA Today picked up a local newspaper’s profile of Indianapolis-based Fatheadz Inc., the company Rico Elmore
and two partners founded in 2005 to sell eyeglass frames for larger heads. That eventually led to the company’s big break:
A Wal-Mart Stores Inc. executive read the article and ordered buyers to track down Fatheadz to make a deal.

Lawmaker wants car owners to be aware of data recorders

January 28, 2008

The “event data recorder,” a so-called black box car makers have installed in their cars over the last decade and a half as
part of air-bag systems, can be a double-edged sword for motorists. Yet they likely don’t even know it’s spying from under
their seat or dashboard.

UPDATE: Investors sell WellPoint shares

January 23, 2008

Shares of WellPoint Inc. fell 4.7 percent this morning after the Indianapolis health insurer announced strong fourth-quarter financial performance but also said it failed to attract as many new customers as it expected. The stock was trading near $75 after closing yesterday at $78.75. The Indianapolis-based health insurer added 708,000 customers in 2007, missing its […]

Roche to buy Ventana Medical for $3.4B

January 22, 2008

Roche has successfully turned a hostile takeover bid into a friendly one, winning over the board of Ventana Medical Systems Inc. by hiking the price it would pay by 19 percent. Swiss-based Roche, which operates its North American diagnostic division out of Indianapolis, would pay $3.4 billion under a merger agreement signed by the boards […]

Local tech leaders speaking today at IU

January 22, 2008

A pair of local high-tech heavyweights are scheduled to speak today at Indiana University’s Kelley School of Business. Bob Laikin, CEO of Plainfield-based wireless device distributor Brightpoint Inc., will visit the Johnson Center for Entrepreneurship and Innovation in Bloomington as a distinguished entrepreneur-in-residence. Laikin will speak at a faculty lunch, then spend the afternoon visiting […]

Spotlight on Hamilton County

January 21, 2008

Spotlight on Hamilton County Named for Alexander Hamilton, a member of the Continental Congress and a framer of the U.S. Constitution 5 LARGEST CITIES/TOWNS population Fishers ………………………………………61,840 Carmel ………………………………………60,570 Noblesville ………………………………….40,115 Westfield ……………………………………13,444 Cicero …………………………………………4,400 5 LARGEST EMPLOYERS employees Sallie Mae…………………………………….2,300 Conseco Inc. …………………………………2,300 Marsh Supermarkets Inc………………….1,650 Resort Condominiums International ….1,200 EDS Corp. …………………………………….1,200 COUNTY […]

MORGAN COUNTY

January 21, 2008

MORGAN COUNTY Martinsville loses restaurant The first restaurant to open in Martinsville’s massive Wal-Mart-anchored Grand Valley retail center has closed. Damon’s Grill, which opened in 2001, had been struggling for years. Franchise owner Bennet Ackerman bought the restaurant in 2007 and has been losing money ever since. Ackerman owned three Damon’s locations and has closed […]

The Corydon Group LLC: Reputations help lobbyists build business Shared passion for government led golf buddies to partnership

January 21, 2008

When Chris Gibson and Mike Leppert headed for the golf course in the late 1990s, it was strictly business. Walking from tee to tee, the men talked about lobbying, the law and regulatory agencies. After 18 months of playing 18 holes, they decided to form The Corydon Group, a government relations firm founded in 2000 in Indianapolis. The firm monitors bills and amendments proposed in the Indiana General Assembly, prepares reports on key legislation, attends meetings and hearings, and lobbies…

IU takes statewide approach to life sciences pitch

January 21, 2008

For the last two months, two academics at Indiana University and Purdue University have been discussing how the institutions
can work together to rev up research in medicine and life sciences and, in the process, boost Indiana’s economy.

Opie piece making a permanent home on Mass Ave: More businesses are playing a supporting role in burgeoning public art scene

January 21, 2008

Good news for fans of Julian Opie’s pop-art-inspired exhibit that ended a year-long run on city streets in September-Indianapolis is getting a permanent piece by the London artist to add to its growing public art collection. The work created for Indianapolis is called “Ann Dancing.” It’s reminiscent of the four-sided LCD display dubbed “Sara Dancing” that made its home at the northwest corner of Illinois and Maryland streets. But this female stick figure has a bit more juice in her…

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