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Tech fund set for overhaul: State shifts focus to commercial results; founders fear changes to peer-review process

Indiana’s showcase program for new technology development is about to be redesigned. Version 2.0 of the 21st Century Research and Technology Fund will direct more money to entrepreneurs. It will concentrate on projects whose commercial prospects are clear. And as it distributes $75 million of taxpayers’ money over the next two years, it will expect a return on its investments. “The goal is, if a company does well, to get a return for the state,” said Michael S. Maurer, president…

CHRIS KATTERJOHN Commentary: Here’s the skinny on 70 mph

Remember back in 1973, at the height of the Arab oil embargo, when President Nixon mandated a 55-mileper-hour speed limit on the nation’s interstates? That nearly drove me crazy. Like many Americans, I made a habit of fudging on the existing 70 mph limit. I cruised the highways at around 80 mph, making excellent time to all my destinations. Fifty-five put a major crimp in my style. We had a chance to go back to 70 mph when President Clinton…

Rule changes to get scrutiny: State agencies now must consider economic impact

Indiana’s small-business owners will encounter a friendlier regulatory environment in July, when sweeping legislation takes effect requiring state agencies to consider the impact of their policies on small businesses before adopting them. House Enrolled Act 1822 should help ease the burden of what advocates consider unnecessary regulations on small businesses by requiring agencies that intend to change or adopt a rule to provide an economic-impact statement first. The statement must include a regulatory-flexibility analysis that evaluates alternative methods that could…

BEHIND THE NEWS: Guidant defibrillator flap spawns disclosure debate

Early this year, when Minnesotabased Medtronic Inc. was deciding how to respond to a battery defect in its defibrillators, it contacted prominent Indianapolis cardiologist Douglas Zipes. “You absolutely go public with this,” Zipes, a longtime consultant for the Minnesota company, recalled saying. “You take your hit, you let the physicians know what is happening, and let them decide what to do with their individual patients.” Remaining silent, he said, carried worse risks, even though reported failures were rare. “The last…

Laptop batteries: Here’s how to maximize stamina RETURN ON TECHNOLOGY Tim Altom: Laptop batteries: Here’s how to maximize stamina

RETURN ON TECHNOLOGY Laptop batteries: Here’s how to maximize stamina The laptop computer has made battery groupies of us all. For something so humble and unobtrusive, the laptop battery commands outsized attention. We calculate whether we need to bring AC power adapters to meetings, based on how long a battery will last. We figure how much work we can get done on planes, based on how long the battery will last. Then, when we can’t charge them up anymore, the…

A quiet force: King helped revitalize city behind scenes

Coming of age in the 1950s, Tom King thought he’d make a pretty good engineer. “I grew up during what I call the ‘Sputnik Era’. Anybody who was a halfway decent student was going to be an engineer,” says the newly retired president of the Lilly Foundation. “When I saw what engineers did, I discovered I wouldn’t make a very good one.” Instead, King found himself a niche constructing some of the most complex local economic development projects of the…

A business-friendly approach: New insurance boss hopes to speed approval process, attract firms to state

Jim Atterholt may not have been the governor’s top choice to lead the Indiana Department of Insurance. But the former state representative who has dedicated his career to public service is no consolation pick, either. Those who know the 43-year-old Atterholt say his calm demeanor and his sharp people skills should serve him well in his new role as an administrator. He took the helm as commissioner Feb. 22, about a month after Harold Calloway declined the appointment. Atterholt since…

Main post office pondering move: Relocation could prompt sale of 16 acres across street from proposed stadium

It’s not in the path of a new stadium planned for downtown Indianapolis, but the downtown post office may get out of the way anyway. U.S. Postal Service officials are negotiating an agreement to sell land the postal service owns within the stadium footprint, and a spokesman said that discussion is part of a larger scheme to relocate the entire facility. “They’re talking about moving the whole thing,” said Al Eakle, public affairs officer for the USPS’ Indiana district. “Basically,…

ECONOMIC ANALYSIS: Expect more rate hikes by the Federal Reserve

If the Federal Reserve’s steady diet of interest rate increases is giving you or your business indigestion, I’ve got a suggestion for you-get used to it. The inflation winds in the U.S. economy are whipping up like they haven’t in almost a decade, and it’s up to our central bank to do something about it. We learned a few years ago that rapid advances in technology and globalization didn’t make the national economy recession-proof, as some foolishly boasted. It looks…

After 5 years, USTA ready to serve up 96th Street HQ: Raymond James, First Merchants sign on as tenants

The locally based Midwest division of the U.S. Tennis Association is preparing to break ground on a 25,000-square-foot headquarters and hall of fame building on East 96th Street after five years of planning and courting tenants. The two-story office building was first conceived in 2000, but has been held up more than four years by a search for other tenants during a soft office market. The organization recently scored two tenants, Florida-based Raymond James & Associates Inc. and Muncie-based First…

June conference to highlight historic local landscapes: Oldfields, Garfield Park, Riverdale among sites on tour

Marian College will act as host for Hidden Treasures of Indianapolis, a conference scheduled for June 9-11 at the northside college and sites around the city. The first-ever conference of its kind locally will offer lectures and tours of some of the city’s historic landscapes, which were designed by some of the pre eminent landscape architects of the early 20th century. Tours available to attendees include a driving tour of George Kessler’s Parks and Boulevard System, which is at 3,474…

VOICES FROM THE INDUSTRY: Well-designed buildings shouldn’t forget security

The recent 10th anniversary observance of the bombing of Oklahoma City’s Alfred P. Murrah Federal Building by a domestic terrorist is once again a reminder to all of us in architecture-and all those who buy our services-that security has become more important in many cases than esthetics and efficiency these days in building design. We also are reminded by the events of nearly four years ago, when foreign terrorists used commercial aircraft as guided missiles to level the World Trade…

Competition stakes claim on hospital’s turf: Dialysis center would sit 1 block south of Methodist

A real estate company has filed plans to build a medical office building and dialysis center downtown, in the shadow of Methodist Hospital and Clarian Health Partners. A and T Realty wants to plop a 13,416-square-foot office on what now is a parking lot a block south of Methodist, according to plans filed with the city. The development has no connection to Clarian, according to Mike Quinn, a lawyer representing A and T. Clarian, whose three downtown hospitals all offer…

EYE ON THE PIE: Indiana needs action, not analysis

Indiana and other states have economic incentives for businesses. We try to attract new businesses, to keep businesses here, and to encourage existing businesses to expand. Yet we do not feel sufficiently successful. Often, we are told that our failing is the inadequate development of entrepreneurial firms. The guys and gals with bright ideas just don’t get going in Indiana. Does our culture stifle creativity and the innovative spirit? Do our institutions make us docile and repress our flowering potential?…

NOTIONS: An idyllic day dressed in ‘Blue Velvet’

Years ago, my wife and I registered our sons, Austin and Zach, for the Bank One 500 Festival Rookie Run. In what became an annual tradition, we’d drive the boys downtown early on the appointed Saturday in May, pick up their T-shirts and racing numbers, and wait for their age group to be called. At the appointed hour, Austin and Zach would line up with scores of other kids, run a few blocks up and back Meridian Street, and receive…

Finances another obstacle for Rose: University’s money problems predate controversial leader

In Terre Haute, his management style has come across like a bull in a china shop. Rose-Hulman Institute of Technology’s faculty and students voted “no confidence” in his abilities. The university’s staff will soon take a vote of its own, and an upcoming trustee meeting will likely address the matter. But as the tide of opinion turned against Rose-Hulman President Jack Midgley, detractors stopped asking a fundamentally important question: Could Midgley be right about the need for change? Last September,…

INVESTING: To ensure economic growth, we must look to Europe

I don’t like that we allow our government to have so much control over our fortunes, but it is the reality we live in. Most Americans would benefit from a long-term, generally rising stock market, so with that in mind, I am going to propose an idea that can contribute greatly to a steadily rising American market. This proposal comes from a notion the 200-year track record of generally rising stock prices in this country is in danger. We have…

Staff departures don’t derail IRL’s marketing efforts:

Despite the departure of two key marketing directors, the Indy Racing League has continued full throttle with its initiative to raise drivers’ profiles. Director of Driver Marketing Chris Bowers and Director of Brand Marketing Jayme Sabo departed earlier this year. That leaves two of the four director positions in the department vacant. John Griffin, Indy Racing League vice president of public relations, insists the departures are not a sign of instability in the series’ marketing ranks. “I don’t think it…

BEHIND THE NEWS: Big investors turn up heat on tiny Century Realty

Big money from the coasts has been pouring into one of the nation’s most obscure publicly traded real estate companies-India n a p o l i s – b a s e d apartment owner Century Realty Trust-helping to propel the sleepy stock more than 50 percent higher over the past year. Here’s a sure bet: The investors didn’t become interested because they’re suddenly enamored with 74-year-old Chairman Jack Bradshaw’s slow-and-steady management approach. Quite the opposite, says one of the…

HIGHER (cost of) EDUCATION: Students’ college burden continues to rise in Indiana

With state funding flat and operating expenses rising, Indiana’s public universities are turning to a familiar source to make up the difference-students. Tuition and mandatory fees at state institutions are set to climb an average of 5 percent next school year and higher in 2006-2007, if proposed rates stand. That’s a far cry from the double-digit increases most universities imposed just a few years ago, but observers say it’s worrisome nonetheless. “Tuition has been rising at twice the rate of…