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The Time Factory founder and CEO Jim Purcell wants to erect a 150-foot-tall wind turbine above his calendar factory near 62nd
Street and Georgetown Road. Purcell figures the $200,000 contraption could power 60 percent–if he’s lucky, maybe 80 percent–of
his 22,000-square-foot facility.
Certain days of the year are always popular for weddings. Nothing can beat the romance of a Valentine’s Day nuptials or the fun of a New Year’s Eve ceremony. But this year, couples have a once-in-alifetime opportunity to tie the knot on a unique day-July 7, 2007, or 7/7/7. Whether brides and grooms are choosing the date for luck or the ease of remembering their anniversary, July 7, which happens to be a Saturday, is turning out to be one…
Indianapolis airport officials are considering building a smaller version of FedEx’s 2-million-square-foot hub here, one
that could accommodate several cargo carriers from around the globe. The “international air cargo facility” could be up to
several hundred thousand square feet large and could cost tens of millions of dollars to build.
It’s a long shot-probably longer than the odds the Chicago Bears faced against the Indianapolis Colts-but the city could host the Super Bowl in 2011 and the Republican National Convention the following year. City leaders hope to convince NFL owners that the city is more deserving than Phoenix, Dallas and possibly New Orleans, which could be the sentimental favorite if, in fact, it submits a bid. Indiana Republicans, meanwhile, are setting their sights on 2012 and are just beginning to…
After decades of Affirmative Action, women occupy fewer than one-fourth of U.S. university presidents’ offices-this despite females making up 58 percent of undergraduates, according to the U.S. Education Department. Women made decent strides between 1986, when 10 percent of college presidents’ offices were occupied by women, and 2001, when 21 percent had women. However, between 2001 and 2006, the number barely changed. In the most recent survey by the Washington, D.C.-based American Council on Education, a public-policy advocacy group, preliminary…
MICKEY MAURER Commentary A plug for non-partisan policy making In my final week as secretary of commerce, I appeared at a hearing before the State Budget Committee on behalf of the Indiana Economic Development Corp. The hearing was the first step in the reauthorization process for operating budget and incentive program funding for fiscal years 2008 and 2009. It was to be my final presentation at the Statehouse. In an effort to demonstrate that the Legislature was reaping a handsome…
Like lots of little baby boomers, I first encountered Valentine’s Day in elementary school. My parents would take me to the dime store or drug store. We’d buy 35 or 40 overly cute cards. Then, using a list provided by my teacher and under Mom’s careful supervision, I’d sign and hand-address one for each classmate. And woe to anyone who excluded even a single soul. We couldn’t, after all, have a little baby boomer feeling unloved. In seventh grade, I…
Brightpoint Inc. shares have shed 60 percent of their value since April 2006. But the distributor and logistics provider for the wireless phone industry continues to turn a tidy profit, and in recent months has cut a flurry of deals that bode well for the future. Don’t think the nation’s private equity fund managers haven’t noticed. Flush with billions of dollars to invest, they’re poring through spreadsheets in search of undervalued acquisition targets. So no one should be surprised that…
Until now, gaining entrance into the exclusive nine-hole golf course built on 40 acres next to the Indianapolis Metropolitan
Airport in Fishers was as difficult as a commoner scoring an invitation to a royal palace. But admittance to Balmoral is loosening–a
little.
I closed my last column by suggesting that the markets seem to be paying little attention to risk across a broad range of asset classes. One measure of risk is stock market volatility, or the magnitude of ups and downs in stock prices. The Wall Street Journal recently reported the following statistics compiled by the market analysts at Ned Davis Research: It has been almost 1,000 trading days since the Dow Jones industrial average has seen a 10-percent decline from…
A handful of bills pending in the General Assembly could have a major impact on Indiana’s high-tech sector. Legislation under consideration could stimulate increased commercialization of patented Indiana technology, channel more money toward development of alternative fuels, require regular review of Indiana’s certified technology parks, and more. Tech leaders are optimistic about the chances their agenda will be approved. “It’s the reason we married up with CICP,” said Ron Brumbarger, chairman of TechPoint, a trade association for Indiana high-tech companies….
Outside of Marion County, this is probably unknown. Even inside the county, few are aware of Mayor Bart Peterson’s proposal to issue $450 million in bonds because of shortfalls in the money available for police and fire pensions. These are obligations to those who served before 1977. The issue seems too complex for most of us to get into. Also, it’s something going on in Marion County. Who cares? If it isn’t the Colts, does it matter? Despite these feelings,…
After 30 years in the forensic-engineering business, Wolf Technical Services Inc. has analyzed everything from deadly car crashes to patent infringement. Now, Indianapolis-based Wolf is hoping to diversify into a new area: federal defense contracting. It’s a field local corporate leaders hope Indiana will tap much more frequently in the years to come. “We don’t quite know at the moment where this could lead,” said Wolf Director of Client Relations Joseph Ward. “And that’s the fun part.” The 30-employee Wolf’s…
In manufacturing and industrial-heavy central Indiana, companies are beginning to realize that “going green” can translate
into another kind of green–money. Reaching beyond the standard glass, paper and metal, markets are developing for a variety
of materials, from tiny bits of processed rubber to leftover cornstarch.
The University Loft Co.’s graduation from dormitory to hotel-furniture maker is beginning to show promise. While the Indianapolis-based manufacturer’s bread and butter remains campus furnishings, its decision to enter the hospitality market in 2003 has CEO James Jannetides thinking big-as in presidentialsuite big. In four years, the ULC Hospitality division has grown to account for nearly 10 percent of the company’s $100 million annual revenue. Jannetides, though, envisions the branch’s eventually contributing half in his quest to someday make ULC…
With a season-ticket waiting list of more than 13,000–and growing by the hour–the Indianapolis Colts marketing team can
settle into cruise control, right? Owner Jim Irsay thinks not.
At least 35 new bank branches have sprouted in Hamilton County in the last three years, and more are on the way. Familiar
names like Charter One and Chase have added eight and seven branches, respectively. Other institutions are entering the market.
Brace yourself for lots of action in the next two weeks, as the deadlines approach for bills originating in the House to be passed to the Senate, and vice versa. While this is a long session of the General Assembly and one might assume this would lead to more deliberative contemplation, the extra days do not seem to make much difference as deadlines approach. Some of the larger issues that require more massaging and compromise tend not to be drafted…
No more. In Miami, the daunting requirements for hosting the game began to make more sense. The city’s strengths came into focus. Extensive tours of the stadium, media center, team hotels and practice facilities, along with hours of meetings with NFL brass and officials with other host cities, left the contingent feeling Indianapolis is ready for a Super Bowl. The group hopes to raise $25 million in private funds to host the game in 2011. “It was a terrific trip…
While he was a student at Indiana University, Tim Worthington spent summers washing dishes, cooking breakfast and delivering room service for locally based General Hotels Corp. It was the beginning of a 31-year career that would include 14 years as president of the company. Worthington, 60, retired last February but quickly realized he wanted back in the action. So he and partner Michael Arnold, also a former employee at General Hotels and a 20-year veteran of the hotel industry, launched…
