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VOICES FROM THE INDUSTRY: Adjusting to major changes in federal bankruptcy laws

October 31, 2005

The difficult decision to file bankruptcy has become even more stressful for individuals. The Bankruptcy Abuse Prevention and Consumer Protection Act went into effect Oct. 17 with significantly tougher reporting and qualification requirements. The most highly publicized aspect of the new law involves tough new restrictions on who may qualify for Chapter 7 bankruptcy, the most common form of individual filing that allows consumers to erase their debts. Yet advisers say it’s important to understand one important fact-your own state…

Credit-counseling mandate causing stir: Critics contend providers, including some under investigation, will unfairly profit from new bankruptcy law

October 31, 2005

The reform measures that took effect Oct. 17 will make it harder for filers to wipe away unsecured debt by steering more of them toward Chapter 13-instead of Chapter 7-which requires them to repay at least some obligations. But consumers wishing to declare bankruptcy must first undergo credit counseling within 180 days of filing and finish debtoreducation courses before exiting the courts. Critics contend the extra step will add more time to the pre-filing phase and increase the cost for…

Banks embrace checking reprieve: Growing program frees potential customers

October 31, 2005

Banks and credit unions statewide will soon have a larger pool of customers to tap into when a central Indiana program that helps people barred from opening checking accounts expands. Get Checking, a national program that began at the University of Wisconsin-Milwaukee in 2001, is a way for people who have landed on the ChexSystem register-a list of consumers barred from opening an account-to get off the list. People find themselves in ChexSystem due to bouncing too many checks, failing…

Industry: Let’s build minority business: Construction consortium working on diversity

October 31, 2005

A consortium of some of central Indiana’s biggest players in construction has set its sights on improving minority involvement in the $8-billion-a-year industry. The Indiana Construction Roundtable, an organization made up of some of the biggest users and providers of construction services, on Oct. 12 approved a diversity outreach initiative. The ambitious plan aims to increase minority participation in the construction industry by rewarding contractors who support education and training, employ minorities and women, and mentor small minority- and women-owned…

Public broadcasters seek big bucks to feed Big Bird: WFYI capital campaign has ambitious $15.3M goal

October 24, 2005

Public broadcasters usually aren’t shy about asking for money. Indeed, their telethon-style fund-raising drives likely are as recognizable to audiences as Big Bird and Garrison Keillor. But when it comes to big money, they haven’t had much practice. Until now. For more than a year, Indianapolis broadcaster WFYI quietly has been lining up support for its largest-ever capital campaign-a $15.3 million effort to upgrade equipment, expand its Meridian Street building, and more than double the not-for-profit’s endowment. Station leaders were…

Art school to compete with Herron, U of I: For-profit Art Insitutue has designs on new programs

October 17, 2005

The city’s newest art school has existing programs here sharpening their colored pencils and preparing for a showdown at the easel to attract new students. The Art Institute of Indianapolis earlier this month launched a marketing campaign seeking students for its first classes, which start Jan. 9. The for-profit school at the Pyramids is owned by a Pittsburgh firm. It plans to offer a two-year degree in graphic design and four-year degrees in graphic design, interior design and interactive media…

Private high school set: Cristo Rey to open downtown with 46 companies behind it

September 19, 2005

A private high school that relies on business participation, the first of its kind in Indiana, is set to open downtown in the fall of 2006. A work-study program designed to help lowincome students pay for tuition and give them corporate work experience is what will set Providence Cristo Rey High School apart from its private and public counterparts throughout the state. Corporate sponsors said it will also give promising students a local business connection, which could help keep them…

GERALD BEPKO Commentary: FFA is important to our future

September 12, 2005

What major, national, student-oriented not-for-profit organization with deep roots in Kansas City moved its headquarters to Indianapolis in the last decade and now has made commitments to bring a huge number of visitors to Indianapolis each year into the future? If you think the answer is the NCAA, you would be half right. The complete answer is that there are two such organizations: the NCAA and FFA. Both the NCAA and FFA brought economic benefits along with their headquarters. Through…

VOICES FROM THE INDUSTRY: The design-build option bodes well for taxpayers

September 5, 2005

In the last legislative session the Indiana General Assembly passed Senate Bill 244 to become Public Law 74, commonly known as the Design Build Law. The new legislation established the use of design-build delivery on most public works projects in the state. Initial reaction within the construction community has been mostly positive because design-build delivery has the potential to become a valuable resource for administrators of public works projects. The law went into effect July 1 and, predictably, we have…

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…

Cleaner diesel fuels growth at southeast-side factory: Former International Harvester plant is a star for Chicago-based parent Navistar International Corp.

August 29, 2005

Workers at the once-beleaguered International Truck and Engine Corp. plant on the city’s southeast side are thinking expansion following a $300 million plant upgrade and word of an aggressive 2006 marketing campaign designed to clean up the public image of diesel engines. Improvements to the 1.1-million-squarefoot Brookville Road facility were necessary to meet U.S. Environmental Protection Agency mandates for diesel engines set to take effect in 2007, but the plant’s future seems secure well beyond that. The local subsidiary of…

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…

Earlier start dates draw criticism: Schools like to get a jump on the schedule, but tourist sites say business is suffering; legislators take notice

August 29, 2005

A schoolyard brawl is beginning to brew over whether districts are cutting summers short and sending students back to class too soon. For most school districts, the era of starting school after Labor Day went the way of the typewriter in the 1980s. But some Indiana lawmakers and tourism advocates are beginning to clamor for a state academic calendar that would turn the clock back on early start dates. That’s because many school districts in Indiana resumed classes in mid-August….

Defining success: Those who’ve tasted it share their thoughts on just exactly what ‘it’ is

August 8, 2005

How do you define career success? We posed that question to a variety of high-profile women and men in the Indianapolis business community. While the responses did confirm some of our preconceived notions-such as that men would mention financial rewards more often than women-there are far more similarities than differences, regardless of gender or profession. Still, “Career success is defined differently by each individual,” as Alex Slabosky, president and CEO of The Healthcare Group, so wisely put it; and as…

Smaller-sized meetings bring in big bucks for city: Hospitality group sees value in events of all scales

August 1, 2005

Even event planners hire event planners. When Cynthia Howell needed to plan an event in the city for a state health care organization, she called Betsy Ward, a member of the meetings team at the Indianapolis Convention and Visitors Association. With what Howell calls minimal effort on her part, the Indiana Primary Health Care Association Inc. will stay in 50 rooms for two nights at the Sheraton Indianapolis Hotel and Suites at Keystone at the Crossing this fall. The group…

Tax credits aid blighted areas: Help open to firms targeting Center Township projects

July 25, 2005

Federal tax credits supporting roughly $6 million in economic development projects are still available for small-business owners considering expanding or locating in Center Township. The funds are administered through the New Markets Tax Credit Program, which was established by Congress in 2000 to help revitalize blighted areas. In Indiana, the locally based Urban Enterprise Association Inc. helped secure tax credits that can fund $50 million worth of projects, including $12.5 million in Marion County. The tax credits already are supporting…

VIEWPOINT: Hoosiers gave tech transfer a big boost

July 18, 2005

Today, we take for granted that our state universities play a role far beyond their traditional educational mission-especially in the economic arena. University-sponsored research is being licensed to the private sector, or used to form new companies. Universities are managing business incubators. Consulting partnerships between academia and industry are commonplace. It wasn’t always this way. Not long ago, university officials were skeptical of becoming too involved with the private sector. Business leaders and investors didn’t recognize the value of innovation…

Music events seeking rhythm: Midwest Music Summit picks up the beat for industry convention expected to draw 23,000

July 18, 2005

The Midwest Music Summit is approaching its fifth year bigger than ever as organizers fine-tune an event they hope will find harmony with a massive convention planned for the same weekend. More than 400 artists are slated to perform at 35 venues throughout the city during the July 21-23 summit-scheduled this year to coincide with International Music Products Association’s NAMM Summer Session, an annual gathering expected to draw 23,000 music aficionados for its first stop in Indianapolis. The timing is…

Historic battle settled: Prairie pact lays out plans without judging past practices

July 11, 2005

But whatever Earlham College puts in the 41-year history of credits and debits, it will have no bearing on the resolution of a decades-long dispute over control of the Hamilton County attraction. That deal is largely done. Carter and Earlham board Chairman Mark B. Myers ended nearly two years of negotiation July 5, putting quill-topped ballpoint to paper in front of a cheering crowd in the museum’s Welcome Center. The agreement-which frees Conner Prairie from Earlham’s control and calls for…

Education programs provide job opportunities: Career Connections aims to curb turnover at entry level

July 11, 2005

When Luvinia Hollis moved to Indianapolis from Kentucky about five years ago, the then-42-year-old had few skills, so landing a job was difficult. She lived with her sisters and got some help from her ex-husband, but trying to make ends meet on $100 a week was nearly impossible. “It was so horrible for me, you wouldn’t believe,” Hollis said. She worked odd jobs for the next few years, making barely more than minimum wage. Eventually, she found her way to…

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Articles

VOICES FROM THE INDUSTRY: Adjusting to major changes in federal bankruptcy laws

Credit-counseling mandate causing stir: Critics contend providers, including some under investigation, will unfairly profit from new bankruptcy law

Banks embrace checking reprieve: Growing program frees potential customers

Industry: Let’s build minority business: Construction consortium working on diversity

Public broadcasters seek big bucks to feed Big Bird: WFYI capital campaign has ambitious $15.3M goal

Art school to compete with Herron, U of I: For-profit Art Insitutue has designs on new programs

Private high school set: Cristo Rey to open downtown with 46 companies behind it

GERALD BEPKO Commentary: FFA is important to our future

VOICES FROM THE INDUSTRY: The design-build option bodes well for taxpayers

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

Cleaner diesel fuels growth at southeast-side factory: Former International Harvester plant is a star for Chicago-based parent Navistar International Corp.

Levin builds reputation for pursuing class-action suits

Earlier start dates draw criticism: Schools like to get a jump on the schedule, but tourist sites say business is suffering; legislators take notice

Defining success: Those who’ve tasted it share their thoughts on just exactly what ‘it’ is

Smaller-sized meetings bring in big bucks for city: Hospitality group sees value in events of all scales

Tax credits aid blighted areas: Help open to firms targeting Center Township projects

VIEWPOINT: Hoosiers gave tech transfer a big boost

Music events seeking rhythm: Midwest Music Summit picks up the beat for industry convention expected to draw 23,000

Historic battle settled: Prairie pact lays out plans without judging past practices

Education programs provide job opportunities: Career Connections aims to curb turnover at entry level