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Hotel veteran launches own firm: A Q&A with local hospitality leader Tim Worthington

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…

ECONOMIC ANALYSIS: Earmarking taxes in vogue, but is it good state policy?

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

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…

More restaurants are looking to south side: Eateries eye expansions in ‘underserved’ market

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 sold to Minnesota publisher

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 Promotions buys Dayton show

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 to make Impreza in Lafayette, report claims

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 […]

Version of Lilly’s Prozac to treat pet’s separation anxiety

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 […]

Columbus radio station to extend reach to Indianapolis

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 lands HondaJet

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 […]

Siegel walking thin line in Earnhardt negotiations

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 touts regional development authority

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’s Muncie plant to close in 2009

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 […]

BASI reverses loss from year-ago quarter

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 […]

Anderson to build home for early stage companies

Flagship Enterprise Center in Anderson plans to build a Flagship Accelerator on eight acres within the existing Flagship Business Park. The $2.6 million project will span 70,000 square feet and is slated to be completed in June. The new center will house early stage companies and others that graduate from the Flagship small-business incubator.

Maax to close Plymouth plastics plant

Maax Inc. is closing its plastic and fiberglass bathtub and shower fixture plant at Pidco Drive in Plymouth, according to The Pilot News. Fifty workers in the town south of South Bend will be displaced, although a few might be shifted to a nearby facility, the Plymouth newspaper said. Maax is based in Ste-Marie, Quebec, […]

BREAKING: BorgWarner to close 780-worker Muncie plant

BorgWarner Inc. said this morning it will close its 780-employee Muncie powertrain components plant to cut costs. In December, the union voted unanimously against reopening its contract two years early, after the Auburn Hills, Mich.-based company threatened to close the plant if workers didn’t accept cuts in benefits. It’s not clear if some of the […]

Fate of Muncie’s BorgWarner plant could come today

The 780 employees at BorgWarner Inc.’s auto parts plant in Muncie might learn today whether the plant will close. Executives of the Auburn Hills, Mich., company plan to discuss the plant’s future today, according to The Star Press of Muncie. “It’s awful quiet,” United Auto Workers Local 287 President Jerry French told the newspaper. “It’s […]

Shelby County coalition to support Indianapolis bypass

Three Shelby County development organizations have formed a coalition to support the toll road Gov. Mitch Daniels wants to build around the east and south sides of Indianapolis, according to the Shelbyville News. Shelby County and Morristown chambers of commerce and Shelby County Development Corp. say their coalition is in the spirit of an earlier […]

UPDATE: High-flying Durham gets extension to repay loans

Old National Bank has given Indianapolis entrepreneur Tim Durham an additional 12 months to repay loans that went into default Nov. 1. If Durham repays the loans by Nov. 1 this year, Old National will drop a lawsuit it filed in December seeking $2.6 million, the Evansville-based bank said today. Earlier today, Durham issued a […]