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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…
I was taught economics, and in particular, the subject of public finance, by a faculty dominated by old Kennedy Democrats. A lot of that teaching has rubbed off or has simply been forgotten. Much of it also could be dismissed as idealism, a sort of ivory-tower thinking not relevant to the real world. Yet as I scan and digest the various tax proposals now in front of the Indiana General Assembly, several of those old lessons keep coming to my…
BRIAN WILLIAMS Commentary Good legislation to promote good health The newly elected and re-elected men and women of the Indiana General Assembly will debate and vote on many issues of importance during the 2007 session. One legislative proposal upon which members of the General Assembly and governor should quickly reach consensus is the proposal put forth in House Bill 1160, authored by Rep. Craig Fry, D-Mishawaka, and Senate Bill 114, authored by Sen. Beverly Gard, R-Greenfield, that would change the…
Big-name restaurants scouting for Indianapolis locations have snubbed the south side for years. Eateries like Champps, Cheesecake Factory and Rock Bottom Brewery headed north, drawn by upscale developments and affluent neighborhoods, or downtown to capitalize on the high-traffic from convention visitors. But now, more high-end restaurants are showing interest in the south side, local retail brokers say. Among the chains looking are Fox & Hound, Champps and Old Chicago, a pasta and pizza concept that’s part of the Rock Bottom…
Jist Publishing, which publishes books about careers from its headquarters near Fort Benjamin Harrison, has been sold to EMC/Paradigm Publishing of St. Paul, Minn., for an undisclosed price. Jist founder and owner Michael Farr said he hired a brokerage in April to find a buyer because it was the right time to do other things […]
HSI Show Productions, the Indianapolis company that stages the Indiana Flower & Patio Show and the Christmas Gift & Hobby Show at the Indiana State Fairgrounds, has bought the Dayton Home & Garden Show from DMG World Media. Terms were not disclosed. The show in Dayton, Ohio, will have 350 exhibits when it opens for […]
Subaru plans to move assembly of its redesigned 2008 Impreza compact car from Japan to its plant in Lafayette, according to Edmunds.com. The respected automotive Web publisher did not cite its source. Calls placed by IBJ to the plant and to Subaru of North America headquarters in New Jersey were not returned. The new Impreza […]
Eli Lilly and Co. plans to market a version of its depression drug Prozac to dog owners to treat their pets separation anxiety, according to Bloomberg. The U.S. Food and Drug Administration said the drug, called Reconcile, should be used along with a behavior modification plan. There are about 61.5 million pet dogs in the […]
Bruce Quinn, who sold his eclectic Brownsburg radio station WKLU-FM 101.9 in October 2004, has received permission from the Federal Communications Commission to move his Columbus radio station to a new frequency and extend its signal to Indianapolis. Quinn’s wife, Mitzi, started WHUM-FM 98.5. It broadcasts alternative, country, bluegrass, rock and classical music. Timing for […]
North Carolina has beaten Indiana in the hunt to land Honda Motor Co.’s new light jet business. Officials of the Japanese company said today its Honda Aircraft Co. Inc. subsidiary will establish its $60 million headquarters and affiliated manufacturing plant in Greensboro, N.C. Honda plans to hire at least 300 workers deliver its first batch […]
Indianapolis attorney Max Siegel has been president of NASCAR race team Dale Earnhardt Inc. only nine days, but already finds himself negotiating with the man who wants to be his boss. Dale Earnhardt Jr. told reporters Wednesday he wants to own at least 51 percent of the Charlotte, N.C., race team. As president, […]
Fort Wayne Mayor Graham Richard earlier this week proposed starting an economic development authority that would allow cities and counties in northeast Indiana to pool part of their economic development taxes, according to The Journal Gazette. The authority would build roads, recreational trails and other infrastructure needed to attract jobs, said Richard, a Democrat.
BorgWarner Inc. confirmed this morning that it will eliminate 780 jobs when it closes its Muncie plant in April 2009. The Auburn Hills, Mich., company announced early today that it would shutter the plant to streamline costs, but didn’t divulge details. Chief executive Tim Manganello, who managed the plant eight years, said the reductions will […]
Bioanalytical Systems Inc., based in the Purdue Research Park in West Lafayette, reported fiscal first-quarter profit of $556,000, reversing a loss of $716,000 a year earlier. Revenue for the period ended Dec. 31 increased 11 percent, to $10.9 million. The company, which laid off 12 percent of its work force last year, said increased revenue […]
