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BULLS & BEARS: Investors’ actions mean lower investment returns

Have you been an investor in stocks for 20 years? Since the demographics of this paper show that the average subscriber has household income of more than $220,000 and is 48 years old, the answer is probably, “yes.” Over 20 years, the S&P 500 has returned 10.3 percent per year, which means that $40,000 invested in stocks in 1984 would now be worth $280,000. The problem, though, is the market returned 10 percent, but Average Joe Investor only earned 7.9…

Radio roulette: Format moves start high-stakes bidding war for listeners

“This market hasn’t been shaken up like this in 20 years,” said Tom Severino, vice president/market manager for Indianapolis-based Emmis Communications Corp.’s four local stations, including the new WLHK. “This will affect almost every segment of the central Indiana radio market.” Emmis’ light-rock ratings lightweight WENS-FM 97.1 went country March 25, looking to steal listeners from the market powerhouse, Susquehanna Radio Corp.’s WFMSFM 95.5, which had been the market’s only country station. WENS officials are ushering in a new format…

Appnuity LLC: IT firm targets small businesses, not-for-profits Web-hosted services one of the company’s fastest-growing areas

Appnuity founders David Eckel and Mark Castelli started their information technology business in 1999 specifically to serve this client base. They provide a wide array of personal-computer network solutions, Web site application development, Web-hosted services and structured cabling, which is determining the type of cabling needed to support current and future technology needs. The partners’ skills complement each other. Eckel, 33, who is president and CEO, has experience as a network technician and sales consultant. Castelli, 34, is Appnuity’s vice…

State tourism effort set for new format: Lawmakers create separate department; supporters think changes could lead to less bureaucracy, more funds

After years of languishing in the Department of Commerce, lawmakers passed legislation late last month creating a separate Department of Tourism and Community Development that will report to Lt. Gov. Becky Skillman starting July 1. The commerce department already has been dissolved, effective Feb. 1, and the state’s economic development programs have been handed to the new Indiana Economic Development Corp. Tourism supporters are hopeful that by removing a layer of bureaucracy, the department can capture more funding. “It was…

Y&L moving HQ to school: Ad firm to leave Massachusetts Avenue for renovated IPS building in Lockerbie

Advertising agency Young & Laramore is putting its highprofile Massachusetts Avenue building up for sale as it prepares to buy and occupy a former school building in Lockerbie Square. Y&L is listing its 17,000-square-foot building at 409 Massachusetts Ave. for $1.6 million, said Paul Knapp, the firm’s CEO. The building includes 4,000 square feet of storage space in the basement, leaving about 13,000 square feet as usable office space, Knapp said. The agency is leaving its headquarters behind after 15…

Indy Jazz Fest regains firm financial footing: Organizer raises June event’s entire $1 million budget from corporate sponsors months in advance

The ticket sales will be gravy. American Pianists Association Executive Director Helen Small reports she’s already raised enough funds to cover the 2005 Indy Jazz Fest’s entire $1 million budget. Insolvent just three years ago, the festival has returned to firm fiscal footing. “For the first time, we’ve had the advantage of having a year to plan,” Small said. “But one year’s success does not a festival make. This has to be achieved for several years to hold back the…

SPORTS: And I repeat…the new stadium isn’t just for football

A lot of folks have pointed to the arrival of the Indianapolis Colts in 1984 as the beginning of the Indianapolis renaissance through sports. I would submit that the train already had left the station. The Indianapolis 500 notwithstanding, Indy’s first major national splash came four years before, in 1980, when the NCAA brought the Men’s Final Four to Market Square Arena. At that time, the event was just starting to bust out. The year before, Michigan State and Indiana…

Sweet Spot: Local philanthropists plan $15M chocolate facility on Indianapolis’ north side

Local philanthropists plan $15M chocolate facility on Indianapolis’ north side Two local philanthropists have bought 51 percent of Endangered Species Chocolate Co., based in Talent, Ore., and plan to move production of the company’s gour met dark chocolate to Indianapolis. Randy Deer and Wayne Zink, founders of the Back Home Again Foundation, paid $3 million in January for majority control of Endangered Species and plan to invest another $15 million in a manufacturing facility and new marketing strategy. “We wanted a…

Council launches new HR initiative: Target is small companies that have no administrator

Small-business owners who need help wading through myriad human resources issues now have another source to consider-the Indianapolis Private Industry Council Inc. The 23-year-old IPIC, better known for overseeing the seven WorkOne career centers in Marion County, has leapt into the HR arena by partnering with a handful of professionals who have agreed to honor the agency’s low-cost pledge. Sixty thousand people walk through the doors of the centers each year looking for work. But many of their potential employers-many…

VOICES FROM THE INDUSTRY Don Altemeyer: Let’s rebuild Indiana’s rep as construction powerhouse A well-paying career More research A lesson from hoops

VOICES FROM THE INDUSTRY Don Altemeyer Let’s rebuild Indiana’s rep as construction powerhouse A well-paying career More research A lesson from hoops We could wear out our hands clapping like Gene Hackman’s Hoosiers, and it’s not going to change the fact that basketball in Indiana this year has been nothing short of unremarkable. Despite the state’s long-standing reputation as a basketball powerhouse, it’s the other teams playing in our arenas that are making history. There’s a similar story taking place,…

School moratorium concerns industry: State officials studying whether too much money is being spent on non-educational construction projects

Designers of educational facilities are expressing concern over the future of school construction in Indiana as state officials mull guidelines that could bring changes to the process. Upon taking office in January, Gov. Mitch Daniels temporarily halted new school-construction borrowing to give the Department of Local Government Finance time to develop guidelines to ensure taxpayer money is spent wisely. The 120-day moratorium is a result of Daniels’ theory that school corporations spend too much money on projects unrelated to instruction….

EYE ON THE PIE: Care-giving could be competitive edge

Joe Gomeztagle and I were having delicious but illicit desserts at Steak n Shake in Merrillville. Joe, you will recall, is the guy who was the force behind getting the state’s former property-assessment practices declared unconstitutional. This day, Joe was telling me that we’re on the wrong track in Indiana again. What I like about Joe is that he is often out ahead of others who are labeled “thinkers.” While others are pushing for government efficiency, Joe is talking about…

ECONOMIC ANALYSIS: Revised job-growth figures provide hope for economy

It wasn’t many months ago that Indiana’s leaders faced an unpleasant question: Would the jobs being destroyed by the recession, technological change and global competition ever come back? Today, we know the answer is an emphatic yes. In fact, Indiana’s employment growth over the last 12 months has been stronger than all but 15 other states. If that news had come out six months ago, in the harsh glare of the political campaign, you wouldn’t be reading about it here…

SPORTS: No more excuses for the fortunate Coach Davis

I find it semi-amusing that Mike Davis has to be publicly reminded that there are higher expectations for Indiana University basketball than seconddivision Big Ten finishes or NIT bids, that “We’re No. 4” is not an acceptable rallying cry, that the fans are demanding, that the boosters tend to be cranky and that, gee, a third mediocre season in a row might cost him his $800,000-a-year job. Well, yeah. So? Nonetheless, now the basketball literally is in Davis’ court. Which…

McIntosh goes to bat for players at hearings: Former politician represents 3 stars grilled about steroids

Hoosiers who saw some of baseball’s biggest stars testify before a congressional committee about steroids may have caught a glimpse of former U.S. Rep. David McIntosh. The Republican Muncie native served Indiana’s second district in the House of Representatives from 1995 until 2001, and he ran unsuccessfully for governor in 2000. He is currently a partner at the Washington, D.C., office of international law firm Mayer Brown Rowe & Maw LLP. Commuting from Indiana to the nation’s capital, McIntosh’s legal…

Locals seek $10M to lift Lampoon: Laikin seeks to ‘re-energize’ money-losing L.A. company

National Lampoon Inc.’s in the comedy business. Yet in recent years, anyone who perused the L.A.-based company’s financial statements would be more apt to grimace than crack a smile. A group of Indianapolis businessmen who own most of the stock think they can stem the company’s heavy losses and in the process breathe new life into a comedy brand best known for the 1978 classic “Animal House” and the 1980s “Vacation” films. Here’s the catch: They need more money to…

STATEHOUSE DISPATCH: Kenley’s funding plan has momentum despite critics

Remember when Republican Gov. Mitch Daniels felt “car-bombed” by House Democrats when they refused to provide a quorum for votes on 132 bills? Then Senate Tax and Fiscal Policy Committee Chairman Luke Kenley, RNoblesville, must have felt last week that his plan to help finance a new stadium for the Indianapolis Colts and an expansion for the Indiana Convention Center was hit by rocket-propelled grenades. Kenley proposed to finance the two projects through a combination of private, state and local…

Wood flooring companies put bounce under ball: Hoops tourney signals competitive bidding season

With March Madness, the NBA playoff race and high school state tournaments reaching a feverish pitch, many Hoosiers are eyeing bouncing balls and hanging hoops. But Kevin Price and his staff are more focused on the floor below. Price’s company has carved out a profitable niche supplying, painting, polishing and servicing the hardwood that keeps basketballs bouncing. “I’m sure a lot of people just think of it as a floor,” said Price, Indianapolis’ regional sales manager for Cincinnati Floor Co….

Chicago Express is not only asset ATA Holdings to jettison: More than $1.7 million for Boeing 727s won’t land in ATA’s pocket

As ATA Holdings Corp. prepares to ditch its Chicago Express commuter line after a tiresome series of low-ball bids, another batch of its aircraft about to be sold won’t fetch much attention-or even a dime-for the Indianapolis carrier. Up to seven of ATA’s former Boeing 727s and as many as 20 engines for the tri-engine aircraft are to be sold by early April for at least $1.7 million, according to documents filed by ATA earlier this month in U.S. District…

Million dollar baby: Hospital reaps benefits of caring for high-profile boy A public relations jackpot

The Afghan boy may have arrived last month at Riley Hospital for Children with heart trouble and a need for complicated surgery. But behind those soft, brown eyes and that adorable smile lies a 12-cylinder marketing engine. A sample of the 15-month-old’s power: Qudrat’s often-reported story created at least $1 million in free media for Riley, according to hospital officials. That’s 10 times the amount Riley spends on print or broadcast advertising in a year. He could be responsible for…