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Incubator lures biotech upstart: Fish vaccine biz hoping to land on canal

Hatching new businesses is getting to be routine for Indiana University. So it was easy for Richard Wagner to contemplate moving his biotech startup from Columbus, Ohio, into IU’s 2-year-old business incubator on the Central Canal. “It’s an excellent facility. Every time I go up, I’m more and more impressed with it,” Wagner said. “They put a lot of thought into designing it to meet the needs of life science and biotechnology research.” Wagner, who holds a doctorate in plant…

ROSE Awards ceremonies honor hospitality workers: A dozen employees commended for top-level service

Vickie English, night auditor, Courtyard by Marriott at the Capitol In her eighth year as night auditor at the Courtyard at the Capitol, English was honored for providing outstanding service, including driving to the airport to deliver an airline ticket a guest left at the hotel. Robert Diaz, chauffeur, Carey Indiana A 17-year employee with Carey Indiana, Diaz was praised for going out of his way to be helpful. When one one client requested food from a popular restaurant in…

INVESTING: As bull market winds down, time remains for bargains

There wasn’t enough space last week to complete the discussion of the long-base theme. These are stocks that have been trading in tight ranges for many years and can offer tremendous returns to investors. Last week, I brought up Honda and Franklin Resources. Here are a few more that have been moving sideways for years: Energy company Smith International Inc. traded as high as $44 a share at the end of 1997, then pulled into a tight sixyear trading range….

New day care offers option for sick children: Sniffles ‘N Such opens near Methodist Hospital

The new Sniffles ‘N Such day care separates itself from the average Indianapolis nursery in subtle ways, but working parents say the relief it provides is anything but minor. Day Nursery Association opened the care center for sick children earlier this year near Methodist Hospital. The nursery provides an invaluable service for parents through a child-care niche that can be tough to maintain, according to those in the field. The center is for mildly ill children who may be too…

STATEHOUSE DISPATCH Ed Feigenbaum: Competing interests emerge to cloud coming budget tiff

At the beginning of the legislative session, you probably thought that given Republicans were firmly in charge at the Statehouse for the first time in 20 years, bu d g e t – m a k i n g would be easy. Guess again. And gear up for a major budget battle. When Gov. Mitch Daniels proposed his budget ideas, lawmakers immediately shot down the most visible and memorable feature: the 1-percent surtax on higher-income Hoosiers. House members then passed…

SUSAN WILLIAMS Commentary: A novel treatment for workplace injuries

SUSAN WILLIAMS Commentary A novel treatment for workplace injuries Oh, my aching back! How often we express that lament, or perhaps it’s an aching neck or shoulders or wrist pain. If you have escaped so far, you can surely identify a friend or co-worker who is hurting. Is it because we are aging or is something amiss, or both? Businessmen and -women, young and not so young, sit in front of a computer for hours every day. Many jobs require…

NOTIONS: Good grief, my mailbox runneth over with love

One night last week, after dining out with friends, I walked through the cold March mist to my mailbox. I expected more medical bills for failed cancer treatments, another batch of sympathy cards and some catalogs trying to sell my late wife clothing she no longer needs. Instead, after trudging back to the house and sorting through the pile of promotional material, I found the letter from the vulture. The vulture’s first sentence consoled me on the loss of my…

BEHIND THE NEWS: Conseco cloud follows Cuneo to Duke Realty J&J dangles big dollars

Conseco Inc. is suing former executive Ngaire Cuneo to try to collect $65 million it says she owes under the company’s disastrous loan program. Worse, a federal judge last summer said the explanation she gave in court for buying a $10 million home in the debtor’s haven of Florida was “not at all credible.” “It appears to the court that the transactions were carried out primarily for the purpose of defeating a creditor,” federal Judge David Hamilton said last June,…

Planners brace for museum meeting: City to show its culture to influential gathering

The world’s largest museum meeting convenes in Indianapolis next month, and organizers say the gathering could do more than showcase the city’s ever-growing cultural cache. Hosting an estimated 5,000 museum professionals and patrons also will give cultural tourism efforts a boost and dump more than $4 million into the local economy. The stakes are so high that more than 500 volunteers have been rallied to keep activities running smoothly day and night during the May 1-5 event. Evening events are…

Little jets get the test in Indiana: New aircraft could help small airports shave costs

A top Indiana economist will study whether an emerging class of aircraft known as “very light jets” could fuel an economic boom, especially in the state’s smaller, more isolated communities. Morton J. Marcus, director emeritus of the Indiana Business Research Center at Indiana University, will gauge the potential impact of VLJs in six communities, including Mount Comfort Airport in Hancock County. Several aircraft makers next year plan to launch the diminutive jets, which can whisk up to six people as…

ProLiance verdict to cost Citizens: Utility to pay at least $1.5M in fraud case

Citizens Gas & Coke is one of two Indiana utilities burned by a $33.5 million jury verdict, won under a federal racketeering law, against Indianapolis-based Pro-Liance Energy, an unregulated subsidiary of Citizens. The city-owned Citizens has set aside $1.5 million as part of the hit it expects to take for its investment in ProLiance, which procures and manages more than 475 billion cubic feet of natural gas for 1,200 utility and industrial customers in North America. Meanwhile, Evansville-based gas and…

GIZMOS: Here’s how to learn to parler français online

Several years ago, a colleague and I were in Montreal on both business and pleasure. I defy anyone to visit Montreal for business alone. It ranks with American cities such as Boston and San Francisco for charm and variety. Only one thing bothered me-I didn’t speak French. In fact, I don’t fluently speak anything except English, the high school German not having stuck very well. There’s my command of Geekspeak, which many consider to be as baffling as ancient Egyptian,…

King Memorial Park area readies for redevelopment: Local contractor wants to build 50 homes in near-north-side neighborhood

A local investment firm hoping to capitalize on a resurgent near-north side is planning a 50-home, privately funded redevelopment project in the blocks surrounding Martin Luther King Jr. Memorial Park. Homevestors LLC, led by husband and wife Jerry and Carole Jaquess, has applied for city approval to build 50 single-family homes between 16th and 22nd streets just south of Fall Creek Place. “It’s the next logical area” for redevelopment, said Jerry Jaquess, a general contractor. Jaquess’ partnership is not affiliated…

EYE ON THE PIE Morton Marcus: Casino location none of state’s business

Let’s see if I have this right. This is Indiana, a state dominated by conservative thought. Folks here support the free market, unimpeded competition, the roughand-tumble world of entrepreneurs doing their stuff guided by the benevolent invisible hand. So, why don’t we live by our supposed principles? Case in point: gambling, specifically at French Lick, where the Donald has ducked out, thus reopening the bidding for the right to build a casino and hotel complex in Orange County. Let’s review…

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…