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KIB getting new headquarters

Keep Indianapolis Beautiful is planning to renovate a vacant industrial building in Fountain Square to serve as its new headquarters. The not-for-profit will seek LEED certification for the 25,000-square-foot building…

Vector Insurance Services bought by Indian firm

Indianapolis-based Vector Insurance Services LLC has been acquired by MajescoMastek of Edison, N.J., for an undisclosed price. Vector, led by founder and CEO Harold Apple, has 30 employees providing policy acquisition, administration, and processing to customers in the North American life insurance industry. MajescoMastek is the U.S. subsidiary of Mastek, a technology giant headquartered in […]

Sparks replaces Pfaff as state development director

The Indiana Economic Development Corp. has named Charles E. Sparks as business development director. Sparks previously led the central Indiana office for the state’s economic development outreach. Sparks replaces longtime development director Christopher Pfaff, who resigned in May to become director of the Center for Business Support and Economic Innovation at Indiana State University in […]

Jischke hit some Purdue goals, missed others

In his seven years as president of Purdue University, Martin Jischke exceeded some of the lofty goals he set but missed others, according to an analysis by the Journal & Courier of Lafayette. Jischke, whose last day was yesterday, raised $1.7 billion in private funds-well over the goal of $1.3 billion. He also made sweeping […]

McBroom Industrial Services: Relationships critical to business survival Repair service keeps evolving to meet customer need

When Hilton McBroom founded McBroom Electric in his parents’ garage in the midst of the Depression, he couldn’t have envisioned that the company would exist 75 years later-or what it would be doing. Back then, McBroom repaired anything someone would pay him to fix. Over the years, the company evolved from repairing washers, dryers and furnace motors (and selling Maytag products) to fixing electric motors in manufacturing machinery to its current concentration-repairing and remanufacturing specialty devices used by industrial customers…

Synagogue project a sign of times: Northward migration of Jews brings temple to county

Some folks consider Congregation Shaarey Tefilla’s move to Carmel historic. After all, its new synagogue at 116th Street and Towne Road will be Hamilton County’s first. To others, it’s simply the latest development in the local Jewish community’s century of northward migration. For Rabbi Arnold Bienstock and his members, it’s a homecoming. “There’s a lot of support here,” he said. “People need that if they’ve just moved to an area.” Carmel welcomed Bienstock with open arms 15 years ago, when…

Huntington consolidates downtown office space: Bank leaving Capital Center after merger with Sky

Huntington Bancshares is giving up its local headquarters in Capital Center downtown now that it has completed its $3.6 billion purchase of Sky Financial Group. The 100 employees based at Capital Center, 201 N. Illinois St., will move to a Sky-owned office building at 45 N. Pennsylvania St. Sky bought the building last year as part of its $321 million purchase of locally based Union Federal Savings Bank. Bowling Green, Ohio-based Sky announced it was being purchased by Columbus, Ohio-based…

Landlord handling of water, sewer bills under scrutiny: Utility commission examining charges to see whether owners operate as utilities

State utility regulators are examining whether operators of apartments and trailer parks are hosing tenants with excessive bills for water and sewer service. The inquiry by the Indiana Utility Regulatory Commission takes aim at decades-old billing practices that include dividing up a complex’s total water and sewer bills among all tenants. The commission said it’s received a handful of complaints over the years alleging rental property owners, or their billing agents, are assessing tenants higher rates than the commission permits…

VIEWPOINT: Domestic ‘insourcing’ our way to job growth

Anchor Lou Dobbs of CNN is a pest to some folks and a hero for others. His recurring economic message laments a view of U.S. workers losing out as companies send jobs overseas. Dobbs’ critics, of course, cite his convenient omission of the many interna tional companies that invest in U.S. communities through new manufacturing plants, research facilities and other initiatives. Love the debate or detest it, but consider this: Hasn’t Dobbs helped stir a discussion about how the new…

FUNNY BUSINESS: Working from home not all Sprite and Cheetos

Being selfemployed and working at home is usually a pretty good deal. You set your own hours and your own dress code (you haven’t seen Casual Friday until you’ve seen Home Office Casual Friday). Snack time is never far away. And if you need to take a break for the 4 p.m. showing of “Hong Kong Phooey” on the Boomerang channel, well, who’s to stop you? But that’s not to say it’s all Sprite and Cheetos. I’m thinking of vacations….

Speeding Toward Better Health: Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national model

Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national model The Regenstrief Institute is a racing team. Only instead of drivers and grease monkeys, the Indianapolis-based medical research group has doctors and computer geeks. And instead of a race car, Regenstrief runs a massive computer database with 35 years of medical records from Indianapolis-area patients. But Regenstrief’s mission is still all about speed. The not-for-profit is driving to discover better ways to care…

CEOs’ friendship helped pave M&I’s way for First Indiana buyout

If First Indiana Corp. was looking to pull off a sale quickly, Milwaukee-based Marshall & Ilsley Corp. was a natural place
to turn. First Indiana CEO Robert B. Warrington had been doing deals with the bank since he took the helm from Marni McKinney
in 2006. Warrington also is a friend and golfing buddy of M&I CEO Mark Furlong.

Clarian launches venture capital firm

The city’s largest hospital system will try its hand at high-stakes investing. Clarian Health Partners is forming its own
venture-capital fund, called Clarian Health Ventures, to invest in fast-growing companies and finance the commercialization
of research conducted at Clarian or by its staff.

BEHIND THE NEWS: Why diner chain whets the appetite of the buyout crowd

The Steak n Shake Co. may not be delighting diners these days, if slumping sales are any indication. But you can bet the privateequity crowd is salivating. Investment pros say the Dallas-based investment group that recently amassed a big stake in Steak n Shake surely isn’t alone in hungering to take the Indianapolis-based diner chain private. “Some … funds make their money by identifying underperforming companies that have intrinsic value which can be unlocked,” Motley Fool columnist Timothy Otte wrote…

Methodist, Decatur hospitals team up at Honda site: Providers supplying on-site, off-site health care to construction workers on $500 million auto plant project

A major construction project is like a football game-no matter how careful everyone is, sooner or later someone is going to get hurt, at least a little. Indianapolis-based Methodist Occupational Health Centers Inc., which is part of Clarian Health Partners, is partnering with Decatur County Memorial Hospital to provide an answer to this problem at the Honda automobile plant construction site in Greensburg. The two institutions are providing on-site medical services and offsite treatment facilities for workers at the $550…

Aging IT system contributes to property-assessment woes

Indiana deliberately chose not to invest the tens of millions necessary for technology that could provide an accurate property-tax
forecast. Instead, the state relied on an aging patchwork of property tax software that allows officials only to guess whether
assessed valuations of homes and businesses are correct.

EYE ON THE PIE: Health care and the pursuit of happiness

Some people believe the Fourth of July grants them liberty to disturb the night with their firecrackers. My pursuit of happiness is in conflict with theirs and I want them jailed. We all gladly infringe on the liberties of others while in pursuit of our own happiness. For example, should motorcyclists wear helmets? Yes, if all of us expect to pay their hospital bills (through higher premiums) and maintain them on disability after they have head injuries that might be…

A&E: Gospel, Garland and more

“Smoke on the Mountain” belongs-along with “Nunsense,” “Forever Plaid,” and a handful of others-to an interesting phenomenon in contemporary theater: Musicals that don’t have Broadway pedigrees or familiar composers, yet celebrate long, popular runs with group sales and word-of-mouth buoying their box office. Theater artists despise these shows because of their perceived pandering and artlessness. Theater managing directors love them because they bring in the cash. As with many of these populist shows, “Smoke” (currently running at Beef & Boards…