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EYE ON THE PIE: Many are fans of ‘the man’s’ plan

This is why I like Mitch Daniels. Speaking about his property-tax program, he said, “When Indiana acts this time, and act we must, our steps must be fair, far-reaching and final,” Look at that alliteration … “fair, far-reaching and final.” Who else in public life gives us sentences like that? Look at his idealism: “fair, far-reaching and final.” Our state is known for its persistent lack of fairness, its shortsighted special-interest legislation, and its neverending tinkering. Mitch thinks he can…

Medical-device startup lands venture capital: Symbios bringing orphan Biomet technology to market

When large companies make innovations that don’t fit their business plan, the discovery often ends up gathering dust on a shelf. But entrepreneurs are eager to build new companies around these orphaned technologies. Four years ago, Jeffrey Alholm spotted just such an opportunity. Warsaw-based Biomet Inc. had tabled a promising anesthetic-dispensing device. So Alholm formed Symbios Medical Products LLC and cut a deal to secure its rights. Now, Symbios has a chance to commercialize the device widely, thanks to a…

SURF THIS: Our changing expectation of experts

It seems like everyone is an expert at something. We have automobile experts, stock market experts, antique experts… my company even has a client who’s a sheep and goat expert. In an I n t e r n e t – c e n t r i c world, though, these experts can find themselves in a tough place. Online, information is clamoring to be free (or pretty cheap) and readily available. It’s no longer enough to declare yourself an…

INVESTING: Quarterly profit reports don’t tell the whole story

Deciphering a company’s quarterly earnings report often can be a challenge for an investor. Many companies, but not all, choose to announce their quarterly earnings either before the stock market opens or after it closes. The idea is that this gives investors time to digest the provided information and may be less disruptive to the stock’s price than an intra-day announcement. Many companies will “guide” investors during the three months leading up to their quarterly earnings release so there are…

Not your father’s car lot: Auto dealers grab attention with livelier designs

The three-tiered floor gives a commanding view of the flick playing on the big screen. Down the hall, other guests sit entranced behind flat-panel TVs in a spacious lounge, or check their e-mail courtesy of the building’s wireless signal. Not far away, 20 kids and their parents celebrate a birthday party. It’s not a movie theater, a Hilton or a Chuck E. Cheese’s: It’s Burd Ford’s new facility at 10320 E. Pendleton Pike. These days, almost every new or remodeled…

Lilly under gun to replace aging blockbuster Zyprexa

There’s a $2 billion hole in Eli Lilly and Co.’s future. That’s roughly how much pretax profit Lilly derives each year from
its best-seller, Zyprexa, according to calculations by IBJ. And it’s how much black ink will start running off Lilly’s books
once Zyprexa’s U.S. and European patents expire in 2011.

Sluggish housing market a blow to some contractors: Residential crews seek commercial jobs to stay busy

The number of crews Robert Hoffman employs to frame new homes has dwindled from 14 to four, and could drop even more if the residential construction market continues to sputter. But the owner of Hoffman Framework Inc. in North Salem, a tiny town in western Hendricks County, is not about to let his 12-year-old business wither away. Instead, he’s expecting to recover by making the leap to the much more vibrant commercial sector, where he can use his experience framing…

Commentary: Is receptionist pay vital information?

The office was abuzz when I walked in on a Monday morning in late August 2006. The Indiana Economic Development Corp. staff was upset and it didn’t take long to find out why. The Indianapolis Star had published their names and salaries as part of a lead story launched from the front page of the Sunday edition. “Is it the solemn civic duty of the Star to let the world know what I make?” our receptionist asked, crying. A member…

ECONOMIC ANALYSIS: It’s time to use mass-appraisal model on state’s homes

In the 10 years since Indiana’s property-appraisal system was ruled unconstitutional, taxpayers have spent perhaps $1 billion to remedy the situation. That’s more than $350 per household, and more than we spend on environmental protection each year. “Wowser” is the only printable exclamation I can muster. Among other things, Gov. Mitch Daniels’ tax plan proposes the elimination of the township assessors (there are 1,008 offices statewide). According to a 2004 Chamber of Commerce study, streamlining the system would result in…

BEHIND THE NEWS: Smooth sailing for Simon, despite economic squall?

Retail pundits are trotting out all the downbeat analogies these days, as they fret that high gas prices and the slumping housing market will crimp consumer spending the rest of the year. As Carl Steidtmann, chief economist at Deloitte Research, put it, “The holiday season will be somewhat Grinch-like.” So it may come as a surprise that some analysts are almost gushing about the prospects for Simon Property Group Inc., the nation’s largest mall owner. As Rich Moore, managing director…

Fast-growing WDG built on years of industry experience: Veteran of Kite, Lauth branches out on his own

For Mike Wyman, a devastating fire that gutted the family home during his teen-age years laid the foundation for a rewarding career in construction. The 41-year-old Wyman climbed from carpenter to become a leader of projects at two of the city’s largest commercial developers before launching his own company in 2005. WDG Construction & Development Services Inc. on East Washington Street downtown has since grown into a firm that expects to top $30 million in revenue next year-double this year’s…

Payne paved way for Cultural Trail project

If the idea of building a $50 million, 7-1/2-mile pedestrian and biking trail through the streets of downtown Indianapolis
is indeed crazy, Brian Payne might be considered the Indianapolis Cultural trail’s mad scientist. His leadership, persistence
and passion for the project are the key reasons the first leg of the trail is due to open this month along Alabama Street.

Commentary: To the victor go the schools?

I have no idea who will get the job of mayor of Indianapolis come Nov. 7. But whoever it is can make a real difference in this town by tackling its most pressing issue: public schools. Good schools are the lifeblood of any community. They increase property values, lower crime and make your municipality more attractive to companies looking to relocate. Marion County schools haven’t had the best track records. Whether it’s Indianapolis Public Schools and its academic performance, Washington…

A&E: Survival in bronze at IAC

I had hoped for more when I stopped into the Indianapolis Art Center to see “Freedom’s Struggle: The Underground Railroad along the Ohio River in Kentucky and Indiana.” The photos by Willie Johnson-featuring, real-life locations with, occasionally, models portraying slaves-are accomplished, up to a point, but evoke little beyond what is presented. Where, I found myself asking, is the artist? More powerful by far are the sculption just down the hall. “Fresh from Julieanne’s Garden: Bronzes from Preston Jackson” offers…

Gambles paying off for Centaur CEO

Through persistence and sheer pluck, Rod Ratcliff has become a player in the gambling industry–one many businesses try to
break into, most without success. On Oct. 30, his Indianapolis-based company, Centaur Inc., closed a $1 billion financing
deal that will fund gambling projects in three states.

Fine arts programs prepare students for real world: Artists taught how to deal with galleries, market work

Most fine arts students used to exist in a bubble-running to class in paint-splattered clothing and practically living in their studios, channeling their muse and honing their craft. Once they graduated, those who were driven enough to try to make a living off their talent still had a lot to learn about running a business. But now many universities are doing more to make sure art students graduate with the business skills they need. Local photographer Ginny Taylor Rosner graduated…

Design Build Institute hoping to spur flood of projects:

Public entities, like school districts and universities, are not known for being risk takers. Some even call them “risk averse.” So, those in the architectural and construction industries aren’t surprised that a state law passed two years ago allowing public entities to use the design-build process is only now taking hold. Design-build lets the owner hire one team to carry out both the design and construction of a project-unlike the traditional design-bid-build process in which the owner commissions architectural plans,…

Turf war unfolds in Babe Denny neighborhood

A long-neglected neighborhood south of downtown called Babe Denny suddenly is in the spotlight, attracting attention from
city planners, code enforcers, land speculators and a politically connected attorney.

ATA parent shifts HQ to Georgia

The writing has been on the wall that Indianapolis might lose the headquarters for ATA Airlines and/or parent Global Aero
Logistics ever since April, when Global said it was buying Georgia-based World Air Holdings. Now, the writing is on paper:
Indianapolis has lost another headquarters.

PROFILE: Roundpeg: Narrowing its focus helped Roundpeg find the right hole Networking also makes a difference for marketing firm

Roundpeg Narrowing its focus helped Roundpeg find the right hole Networking also makes a difference for marketing firm Lorraine Ball is a human energy bar who seems to have more ideas than there are minutes in a day. She left her job as vice president of creative services for Conseco Inc. in early 2002 to start her own business focusing on team building and strategic planning for large companies-only to discover that in the post-9/11 world, big companies weren’t investing…