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David Bordenkecher
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Safety Resources Inc.: Safety pays off for ex-engineer Clients look to local firm for training, advice

August 15, 2005

Clients look to local firm for training, advice Robert Baldwin repeatedly describes his business as keeping people safe and alive. At Safety Resources Inc., that translates to making sure workplace policies and practices meet or exceed government standards and clients’ employees are trained in the safest ways to work. That can mean anything from the proper operation of heavy construction machinery to the right floor wax to reduce slip-andfall accidents. After several years as a chemical engineer, Baldwin, 50, saw…

Former Chamber of Commerce CEO launches firm: Christopher LaMothe leaves Oxford Financial Group

August 15, 2005

For a decade as Indiana Chamber of Commerce CEO, Christopher LaMothe pressed to enhance Indiana’s business climate. Then he spent several years leading Oxford Financial Group Ltd.’s team of advisers for wealthy clients. But the whole time, LaMothe aspired to be a dealmaker. Now, he’s done something about it. This summer, he founded the one-man Ascendanci Ventures LLC and is on the hunt for prospects. “I’m doing what I have dreamed about for the last 10 or 15 years,” LaMothe…

Group wants energy czar: Coalition believes utilities slow to climb on efficiency bandwagon

August 15, 2005

Chris Maher’s crews at Thermo-Scan Inc. have been plenty busy inspecting for drafts and puny insulation in many of the 14,000 new homes built each year in the metro area. Even so, the principal at the Carmel firm can’t help wonder about the vast potential to make the hundreds of thousands of existing homes and businesses more energy efficient-if only homeowners had a little more incentive. Utility companies, he says, have relatively few dollars budgeted to coax customers to install…

Eli Lilly spawns start-up: Maaguzi plans rapid growth selling software to manage clinical research trials

August 15, 2005

Eli Lilly and Co. has sold clinical-research software it created to a veteran Indianapolis entrepreneur who plans to market it globally, potentially growing his startup company into one of the area’s largest technology firms. Joe Huffine, best known as co-founder of the technology consultancy Onex Inc., said his new firm, Maaguzi LLC, should benefit as the market for research software grows explosively. Maaguzi’s software allows researchers and patients to record data electronically instead of on paper. The software is geared…

ECONOMIC ANALYSIS: Don’t make too much of July economic data

August 22, 2005

There are dates on the calendar that make some of us tremble. The Ides of March was a bad one, as I recall, for a certain Roman emperor long ago. Stock market traders know and fear those triplewitching days when futures and options contracts expire. But for those of us who track the regional economies around the state, it’s really a whole month that makes us sweat. It’s the month of July, thanks to the screwy data we receive for…

Pension fund opens coffers: $506M could be boon for venture capitalists

August 22, 2005

The Public Employees’ Retirement Fund, Indiana’s largest pension system, is preparing to unleash half a billion dollars into venture capital, real estate and other privateequity investments. And the fund’s managers aim to put the bulk of it to work inside state lines. Hoosier venture capitalists are salivating at the prospect. T h a t ‘s t h e equivalent of nearly seven BioCrossroads Indiana Future Funds. “If there are excellent opportunities to invest in Indiana, we ought to be looking…

IMS mulls hotel: Convention-level facility connected to track would diversify Speedway’s revenue stream

August 22, 2005

Sources close to the Indianapolis Motor Speedway say management is working on plans for a convention-level hotel on a 16-acre lot just south of the track’s 16th Street entrance. Under consideration is a multilevel hotel connected to the track via a skywalk and a new set of track-side suites and condos near turn two where the Brickyard Crossing Inn sits. The inn would be torn down to make room for the suites and condos, which will better complement the new…

VIEWPOINT: Asian trade mission: different kind of trip

August 22, 2005

Sweat and fatigue. These two conditions dominate my memories of the recent trade mission to Taiwan and Japan. The week-long mission led by Gov. Mitch Daniels was the largest ever of Indiana business leaders and state officials to these countries. Many of the more-than-70-member delegation had independent agendas. Those of us who accompanied the governor never had an opportunity to adjust to the Asian clock, which was 14 hours later than Hoosier time (whatever that means). Most days were packed…

Soldiers confront insurance obstacles: Health providers reluctant to accept Tricare coverage due to low reimbursement

August 22, 2005

Karen Welch had plenty of reasons to break out the worry beads last year, even before she dealt with Tricare, her new health insurance provider. The Zionsville resident was a month pregnant with her first child when she watched her husband, Travis, leave for Afghanistan with his Indiana National Guard unit. Then she learned she had to find a new primary care physician who would accept Tricare. She also needed an obstetrician/ gynecologist and a pediatrician in the netwowrk for…

Trio use experience to start consultancy: State-government veterans met while at FSSA

August 29, 2005

Three veterans of state government have pooled their years of management experience to launch the women-owned business consultancy Engaging Solutions LLC. Led by Venita Moore and Debra Simmons Wilson, the company set up shop in the Indiana Black Expo building on North Meridian Street this spring to provide fiscal management, strategic planning, outreach, training and economic development services. They and part-time principal Tammy Butler Robinson say the firm’s focus on serving government agencies, not-forprofits and faith-based organizations fits their backgrounds….

Levin builds reputation for pursuing class-action suits

August 29, 2005

Attorney Irwin Levin stood in a courtroom years ago for a pretrial conference when a colleague began to ridicule a rival firm’s slogan. Overhearing the diatribe, the judge asked Levin whether his law office had a mantra. Without hesitation, he quipped: “We’re going to kick your ass.” The room erupted in laughter. While Levin, 51, might have answered in jest, the managing partner of Cohen & Malad LLP indeed has built a national reputation for bloodying the noses of large…

Incubator under new ownership: Aim is to return center to its entrepreneurial mission

August 29, 2005

Any small-business incubator can offer tenants Internet service, fax machines and conference rooms. But what about the convenience of on-site oil changes or the stress relief of a pinball machine? For Scott Meyers, new owner of the revamped Indianapolis Enterprise Center, the extra incentives are just a small part of his overall plan to make the neareast-side facility more attractive to fledgling entrepreneurs. Meyers, 36, bought the former A&P grocery warehouse in May. He declined to disclose the purchase price…

State unrolls insurer-friendly plan: New strategy aims to recruit, nurture insurance businesses; watchdogs wary of approach

September 5, 2005

The state of Indiana is aggressively courting the insurance industry to add high-paying jobs to the economy, a strategy that comes with a touch of controversy. The Indiana Economic Development Corp. announced late last month the appointment of Mike Chrysler as Indiana’s first-ever director of insurance initiatives. Chrysler then hit the ground driving. He’s already visited the Fort Wayne market and plans to reach several other corners of Indiana to let insurers know the state appreciates their business and wants…

VOICES FROM THE INDUSTRY: The world might be flat, but construction costs aren’t

September 5, 2005

For the most part, construction has been a local story, a story about local workers building buildings in our community. But the story isn’t so local anymore. Global economic forces have begun to intersect with local issues at the construction site. The result: a significant and ongoing increase in construction costs across central Indiana and the rest of the United States-an increase that shows no signs of slowing. Through the first quarter of 2004, construction costs increased at a calm…

Indianapolis responds to Katrina devastation:

September 5, 2005

Local philanthropic response to the epic disaster was almost immediate. Television and radio stations alike urged central Indiana audiences to make donations at dozens of collection sites, and the Salvation Army’s Indiana Division broke out its red kettles to help. The corporate community also responded. Gifts made by IBJ’s deadline include: Indianapolis-based Eli Lilly and Co. said it will contribute $1 million to the American Red Cross and match all contributions made by its U.S. employees. Lilly also will give…

NOTIONS: Generosity of the moment, generosity over time

September 12, 2005

In an e-mail last week, my sister-inlaw, Carrie, shared a story about my nephew, Eric. It said: “Eric has been keeping abreast of the hurricane news (as much as a 13-yearold boy might do) and inquired last night if we had made any contributions to the relief effort. I told him that we had contributed online to the Red Cross, but that I truly didn’t know the amount of the contribution since Dave [his dad] had handled it himself. “Eric…

TOM HARTON Commentary: Where business, disaster meet

September 12, 2005

We don’t do weather. Business newspapers don’t ask reporters to stand in bitter cold to demonstrate that it’s uncomfortable. We don’t warn our readers about the dangers of a storm by assigning a reporter to stand in the middle of one. When the wind and rain send things crashing down around us, we become consumers of news just like everyone else. Last week, we broke our rule. No, we didn’t brave the elements, but what happened in New Orleans and…

BEHIND THE NEWS: Noble Roman’s pays up to sever ties with vulture

September 12, 2005

The pizza-andsub business is tough enough without also having to worry about your largest creditor stabbing you in the back. I n d i a n a p o l i s – based franchiser Noble Roman’s Inc. has rid itself of that looming threat by paying $8.3 million to buy out nearly all the interests of a vulture investment firm that may have been scheming to control the company. The deal settles a lawsuit Noble Roman’s filed in March…

EYE ON THE PIE: Let’s build a new New Orleans

September 12, 2005

At the moment, rescue and relocation are the primary concerns along the Gulf Coast ravaged by Hurricane Katrina. In time, restoration will become the leading issue. Most property owners from Mobile to New Orleans will want their buildings repaired or replaced. They will seek to recreate the past instead of looking to the future. A more comprehensive approach is appropriate. Let’s consider the Gulf Coast as a region, centered on New Orleans, that stretches from Florida to Texas. This area…

RETURN ON TECHNOLOGY: Logic puzzles not best way to grade techies

September 19, 2005

All my life, wellmeaning people have tried to get me interested in chess. It’s not like I don’t know the game; I do. It’s just that it bores me. I tell them I’ll take up chess when the rules are changed to allow the queen to conspire with the bishops to have the knights assassinate the king. Most such games bore me. Card games, even poker, seem insipid. There’s nothing at stake but money, after all. Logic puzzles leave me…

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People

David Bordenkecher

Articles

Safety Resources Inc.: Safety pays off for ex-engineer Clients look to local firm for training, advice

Former Chamber of Commerce CEO launches firm: Christopher LaMothe leaves Oxford Financial Group

Group wants energy czar: Coalition believes utilities slow to climb on efficiency bandwagon

Eli Lilly spawns start-up: Maaguzi plans rapid growth selling software to manage clinical research trials

ECONOMIC ANALYSIS: Don’t make too much of July economic data

Pension fund opens coffers: $506M could be boon for venture capitalists

IMS mulls hotel: Convention-level facility connected to track would diversify Speedway’s revenue stream

VIEWPOINT: Asian trade mission: different kind of trip

Soldiers confront insurance obstacles: Health providers reluctant to accept Tricare coverage due to low reimbursement

Trio use experience to start consultancy: State-government veterans met while at FSSA

Levin builds reputation for pursuing class-action suits

Incubator under new ownership: Aim is to return center to its entrepreneurial mission

State unrolls insurer-friendly plan: New strategy aims to recruit, nurture insurance businesses; watchdogs wary of approach

VOICES FROM THE INDUSTRY: The world might be flat, but construction costs aren’t

Indianapolis responds to Katrina devastation:

NOTIONS: Generosity of the moment, generosity over time

TOM HARTON Commentary: Where business, disaster meet

BEHIND THE NEWS: Noble Roman’s pays up to sever ties with vulture

EYE ON THE PIE: Let’s build a new New Orleans

RETURN ON TECHNOLOGY: Logic puzzles not best way to grade techies