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You are getting older, living alone. You want to continue living where you are. You don’t want to move in with your children and you think they might not want you. You don’t want to move to some assisted-living place and give up so much of what you have known for so long. You are disabled or otherwise unable to cook for yourself. Where do you turn? Your first thought is Meals on Wheels. You (or a member of your…
Indy Racing League President Tony George said earlier this year “the stars, moons and planets” would need to align for his series to merge with open-wheel rival Champ Car in time for the 2007 season. According to motorsports sources, the alignment appears to be happening, and George told IBJ he is cautiously optimistic. George said in a May 3 interview that discussions with Champ Car principal Kevin Kalkhoven are ongoing, but that there are still a number of issues to…
Indiana’s days of economic development on the cheap may soon be finished. Three major new business-incentive funds are on the Indiana Economic Development Corp.’s wish list, each bearing a significant price tag. The General Assembly will decide next year whether to provide the more than $100 million IEDC requests to form them. Plans for the three funds are tucked into Gov. Mitch Daniels’ comprehensive new state economic development plan, “Accelerating Growth,” released April 25. It aims to bring Hoosiers’ lagging…
Two weeks ago, I asked readers whether they’d witnessed what I have: More and more folks wanting “something more” from life and work. And if so, why? And why now? And how might “something more” manifest itself? Many responded-so many that I’ll share this week some of the “whethers” and “whys” and next week some of the “hows.” I heard from several readers who’ve dealt with this issue professionally. An Indianapolis placement consultant said, “I talk to people every day,…
Remember the name Judah Hertz. The Californiabased real estate investor last month became a sizable player in the downtown Indianapolis office market, buying the Gold Building and 251 East Ohio for more than $40 million. But he has bigger aspirations here-and the cash to carry them out. “We like Indianapolis a lot,” Hertz said. “We’re definitely interested in purchasing more buildings in Indianapolis.” Plain-vanilla pension funds buy and sell buildings here all the time. By contrast, the 56-year-old Hertz is…
The University of Indianapolis used to forfeit thousands of dollars in tuition from students studying abroad in the shadows of the Acropolis in ancient Greece. That is no longer an issue, however, because U of I assumed full ownership of its branch campus in Athens two years ago from separate management that previously received tuition from students spending a semester there. “That’s one way we can cut back on the loss, because they’re still enrolled with us,” said Mimi Chase,…
CoLucid Pharmaceuticals Inc., a drug development company Eli Lilly and Co. spun out last year, has attracted Jim White as its first CEO. White was a longtime Lilly executive before spending the past five years in Boston helping grow Hypnion Inc., another pharmaceutical startup that so far has attracted $80 million from venture capitalists. “We have a lot of great talent in the state that leaves because we haven’t had the kind of jobs to retain those folks,” White said….
In its quest to develop high-tech startups, Indianapolis has established a healthy pipeline. But there’s a bottleneck that’s poised to become even more congested. Located at the head of the Central Canal, Indiana University’s Emerging Technologies Center is the city’s primary business incubator, chock-full of labs and equipment. Established in 2003, the 62,500-square-foot building is now crowded with 26 promising young firms. A handful have outgrown their space, and are on the cusp of “graduation.” IUETC CEO Mark Long reports…
Special events aren’t just fun and games-they’re big business, generating careers and economic activity that are anything but frivolous. Special event spending in Indianapolis is nearly $3 billion a year, according to Bob Shultz, public relations director for the Indiana Convention & Visitors Association. Annual spending for special events worldwide is $500 billion, according to research conducted by the Chicago-based International Special Events Society. In Money Magazine’s annual “Best Jobs in America” survey, meeting and convention planners were ranked in…
We all want more energy. Every time we go to the grocery store, we get bombarded with rows of new energy drinks. Health professionals are telling us things we can do to increase our energy. And we don’t just want more of it for our bodies. Our SUVs need more. Our homes need more. And China needs more. The delicate problem we’ve helped develop has in large part been created by rising demand for energy in places like China and…
You usually don’t get a lot of space when you write a letter to the editor of your local newspaper. So when I’ve read those despairing cries of outrage and mystification at the behavior of gas prices recently, I have managed to resist the urge to respond in kind. Explaining energy prices-or any price, for that matter-isn’t quite as hard as hitting a curve ball in baseball, but both explanations take more than the 3 or 4 inches of column…
During times of high gasoline prices, the investment made by the Daniels administration in six ethanol plants would seem prudent. The touted benefits of ethanol plants are that they create jobs in rural communities, support Indiana corn growers, improve air quality, and lower dependence on foreign oil. As an Indianapolis resident with little exposure to our farm economy, my first question was, “How do you make ethanol?” Ethanol is made by fermenting and distilling simple sugars like those found in…
Indianapolis is headquarters for Little Oil-Calumet Specialty Products Partners LP. Few locally have heard of the west-side refining and petroleum products company, let alone of its Jan. 25 initial public stock offering that raised $144 million. Calumet is controlled by an equally obscure group of families that still own the bulk of company shares. Yet shares of little Calumet-sales last year of $1.3 billion-are up 40 percent since the January IPO intended to fuel acquisitions. The appreciation is partly due…
Goulding set about learning every aspect of the business and when his father and partner Thomas Wood retired in 2003, he was ready to take over. He and longtime employee Brandon Woods bought the company. The transition was slow, though, because the founders had a backlog of clients still waiting for their instruments. The amicable changeover was a combination of the company being handed down and bought out, with capital taken out to reimburse the original owners, Mark Goulding said….
When you voted in the primary May 2, and got to the judicial candidates, did you feel just a little … oh, what’s the right word … clueless? Uninformed? Ignorant about what any of these people actually thought about anything? Now some people might have felt that way about many of the candidates. But not you. Being the well-informed voter that you are, you’d already done your homework. Researched the issues. Asked the tough questions. And so you (and maybe…
State transportation engineers, having just tweaked traffic-light timing to improve flow on U.S. 31 in Carmel, next plan to target three other busy corridors in the metro area. They include U.S. 31 on the south side, between Interstate 465 and County Road 750N, and the increasingly congested stretch of State Road 37 between State Road 238 and Cumberland Road in Noblesville. The improvements to be conducted over the next several months can’t come fast enough for motorists weary of the…
It might be facing a $350,000 deficit, a round of staff cuts and a scaled-back production schedule, but the Indianapolis Opera isn’t ready to cue the Fat Lady quite yet. Instead, the not-for-profit arts organization is employing a series of cost-saving measures intended to keep her off the stage indefinitely-including a greater emphasis on sharing production expenses with other opera companies. Co-producing is an increasingly popular strategy among performing arts groups looking to make the most of their limited resources….
Membership definitely has its privileges at the new north-side medical practice launched by doctors Timothy Story and Kevin McCallum. An annual retainer of at least $2,500 gives patients around-the-clock doctor access, medical records they can carry on a key chain, unlimited office visits and refreshments when they arrive. FirstLine Personal Health Care represents the Indianapolis market’s latest foray into boutique medicine, a form of health care criticized for being exclusionary since it popped up in Seattle a decade ago. Story,…
Adidas-Salomon AG’s $3.8 billion acquisition of Reebok International is having ripple effects from Boston to Beijing. Those waves are likely to wash right through Reebok’s design and manufacturing plant on Indianapolis’ east side, which employs nearly 1,000. Reebok’s headquarters will remain in Canton, Mass., and Adidas will maintain its state-side headquarters in Portland, Ore., but officials for the German sporting goods giant have revealed little else about their plans for Reebok facilities. Adidas officials have said they project saving $212…
It’s May, so here’s something we should want to see even more than the field of (we hope) 33 taking the green flag on Race Day, something we should want to hear even more than Tom Carnegie’s baritone, something we should believe would have an even more positive long-term impact on open-wheel racing than a victory by Danica Patrick. Indeed, the best news to come out of this May would be the great news for next May. And that would…
