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A supplier to Toyota Motor Manufacturing said today that it will build a 201,000-square-foot plant to manufacture seat frames for at least one Toyota model assembled at the sprawling Princeton plant. Toyota Boshoku Corp., which is based in Japan but is not part of the giant automaker, will locate the plant and its 200-plus workers […]
Fort Benjamin Harrison Reuse Authority has named Cassandra Ashley-Jordan to replace Ehren Bingaman as executive director. Bingaman resigned in August to become the first executive director of the Central Indiana Regional Transportation Authority, which was created by state statute in 2004 to coordinate public transit in the nine-county area. Ashley-Jordan is an environmental scientist and […]
Indianapolis-based WellPoint Inc. has opened its location at Indianapolis International Airport for handling specialty drugs. The 126,000-square-foot site within the former United Airlines maintenance hangar has automated handling equipment and a call center. It is staffed with 400 workers and is slated to grow to 900 before 2010. Pharmaceuticals handled through PrecisionRx Specialty Solutions often […]
A $600-million plan to revamp interstates 465 and 69 on the northeast side could have a major impact on buildings near the highways. Several properties, including a couple of office buildings, some…
CertainTeed Corp. has halted construction on a $70 million plant in Terre Haute that is to make cement-fiber house siding, prompting contractors to slap a flurry of liens on the property. The Valley Forge, Pa., company says the stop is temporary, but didn’t offer details as to when construction might resume, according to The Tribune-Star […]
The local not-for-profit Leadership Ventures plans to pilot a program that teams not-for-profit CEOs in monthly sessions where they’ll jointly solve problems at one another’s organizations. Besides professional development, the Executive Director Venture Group program seeks to form lasting ties among these CEOs, who often serve in relative isolation and face myriad more duties than their counterparts in private business. “There are a ton of support organizations for businesses, [but] how many are there only available for not-for-profits?” asked Ruth…
The late Tom Miller, the legendary Indianapolis banker, didn’t sugarcoat the truth when he decided to retire in 1994, about a year after selling local powerhouse INB Financial Corp. to Detroit-based NBD Bancorp. “I’m not accustomed to saying, ‘May I?'” he said at the time, explaining the awkward transition from running his own bank to answering to an out-of-state owner. That mind-set helps explain why the days of the imperial bank CEO are long over in Indianapolis. Until the succession…
The Court of Appeals ruled Oct. 9 that Indiana’s restructured pay plan for nurses is rational and proper, reversing the judgment of the trial court. In Madison State Hospital, Indiana Family & Social Services Administration, and State Personnel Department V. Karen L. Ferguson, the Court of Appeals reversed the trial court’s award of relief to Karen Ferguson. Ferguson, a nurse supervisor at Madison State Hospital, and six other nurse supervisors, filed separate complaints with the State Employee Appeals Commission, arguing…
Neighborhood Pizza, which operates out of the back of a souped-up box truck equipped with a pizza oven and other necessities,
is among a growing number of startups that are hitting the road–literally.
Whether it’s southbound I-69 traffic backed up almost to Noblesville, or northbound I-465 traffic a parking lot all the way
to 56th Street, the northeast highway system is grossly inadequate at peak hours. But a report issued last month by an INDOT
consultant shows a radical, $600 million reconfiguration is in the works.
Moondance Enterprises LLC Rental firm offers ‘marvelous’ nights Search for vacation retreat led to career change Indiana natives Doug and Nancy Tracey visited Brown County one autumn night in October 1988, looking to buy a vacation retreat. The strains of Van Morrison’s “Moondance” played on the car radio-“a marvelous night for a moondance ‘neath the cover of October skies.” So when the couple purchased their rural hideaway, they christened it Moondance. And now they run a Nashville-based vacation-home rental and…
A&E Bible-based beauty at Butler This week, two non-linear theatrical events. Bookended by brilliance, the fourpart “Lamentations” (Oct. 3-7) offered another example of the importance of Butler University to Indy’s artistic life. Here’s a trivialized rundown of how this production worked. First: “The Book of Lamentations,” the wail of a conquered city and a people played out through ritualistic dance, music and sound. Second: A drummer and actress performed Sam Shepard’s series of character monologues, “Tongues.” Third: A pair of…
Doctors who make house calls are about as obsolete as polio. But a fledgling local company is taking a page from the past and reintroducing the practice to the workplace instead of the home. Rising medical costs and the companies desperate to contain them are driving interest in the emerging model of on-site clinics. Large employers such as Toyota Motor Co., Pepsi Bottling Group, Credit Suisse and Sprint Nextel have embraced health clinics in recent years, in hopes of promoting…
If you look at stock market returns over a 100-year-plus time frame, the highestreturning industries have been pharmaceuticals and cosmetics. Dropping the time frame down to the last 25 years shows a different picture, with technology taking the top spot. But with more than a century of momentum, drug companies can still attract interest. Using a quantitative screen that I run every week, I noticed that biotechnology stocks have been picking up steam lately. This surprised me because the big…
“The sky is falling, the sun may not rise tomorrow, the eternal verities are in doubt.” So said the Prophet standing in the public park. Lunch-hour office workers and shoppers strolled past or relaxed on benches. The speaker was seen as a nut, an unfortunate member of the homeless class, driven by drugs to disgrace and dissolute dialogue. But I knew better. This was Phil Prophet, formerly one of the leading mortgage lenders in the state, a regular Rotarian, a…
Colts quarterback Peyton Manning made news recently when Business Week ranked him 13th among the 100 most-powerful people in sports. Not to be outdone, or to let a good idea go unstolen, here’s my list of the 25 most- influential people in Indianapolis sports. Criteria: my opinion. No. 1: Indianapolis Motor Speedway owner Tony George. With three races (including next September’s Moto GP motorcycle debut) bringing in more than $700 million annually, IMS is the elephant in the room that…
Spending on health care is rising faster in Indiana than it is across the country. Yet the state’s job and income growth continue
to lag national norms.
Arcadia Resources Inc. CEO Marvin Richardson, an Anderson native and Purdue University pharmacy graduate, said Indianapolis was chosen for the company’s new headquarters because the city’s central location will create an advantage when it launches a new drug-packaging system. The system, called DailyMed, will help patients manage their prescription pills. The company plans to open a distribution center for DailyMed in the near future that eventually could employ 300 or more. Arcadia will move from the Detroit suburb of Southfield….
There’s no way to miss the dramatic loss of manufacturing employment Indiana has experienced in the past generation. Since about 1980, there has been a roughly 60-percent drop in the number of manufacturing workers in the state. Why is this so? Many Hoosiers blame globalization for these job losses (even if they support free trade). There’s plenty of anecdotal evidence by way of Chinese-made toys. But once you get past this anecdote, the data tells a very different story. The…
Since 1991, the Heartland Film Festival has brought uplifting independent films to Indianapolis every year, building a reputation with time and an impressive $100,000 grand prize for the best feature. Then two years ago, it decided to aim a little higher. With help from a $3.7 million grant from the Lilly Endowment Inc., the Indianapolis organization set out to make its brand so well-known to consumers that a Heartland award would be the equivalent of the Good Housekeeping seal of…
