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TIPPECANOE COUNTY New research-to-market institute will be based on Purdue campus Purdue University will be part of a group that will use a $25 million grant to help turn health discoveries into commercial products through the creation of the Indiana Clinical Translational Sciences Institute. The National Institutes of Health will give the five-year grant to […]
HAMILTON COUNTY Carmel to sing virtues of Great American Songbook Carmel’s new 1,600-seat Regional Performing Arts Center has attracted a permanent resident. The Feinstein Foundation for the Education and Preservation of the Great American Songbook plans to relocate its headquarters there. The Feinstein Foundation, currently based in Los Angeles, holds museum artifacts that originally belonged […]
BOONE COUNTY Internet provider gets reprieve Lebanon Utilities will continue offering Internet service despite calls from a few utility board members to cancel the service. At a meeting in early June, the Lebanon Utilities Service Board voted 3-2 to continue providing the iLines service through a restructuring that establishes a telecommunications department within the city’s […]
SHELBY COUNTY Shelbyville troubles shut down Kings Title & Abstract Co. Troubles that surfaced in October at the Shelbyville office of Kings Title & Abstract Co. have now scuttled the company, one of the state’s largest title insurance agencies, and led to felony charges against one of its former employees. New Castle-based Kings Title ceased […]
JOHNSON COUNTY High fuel costs boost firm Casting Technologies Co., which makes lighter automotive parts that improve vehicles’ fuel efficiency, will expand this summer and add 40 new employees as part of its most recent $3 million expansion. It is the company’s second expansion in a year. The company, which employs 110 at its 183,000-square-foot […]
Flagship rises over post-GM town Incubator has helped preserve automotive talent base, foster diverse businesses ANDERSON – Along Interstate 69, in a new industrial building with side-windows covered in paper to foil prying eyes, Altair Nanotechnologies is perfecting a ceramic oxide battery with three times the power of a conventional lithium battery. Up the road, […]
HANCOCK COUNTY Pennsy Trail will grow to 5.3 miles The City of Greenfield will double the size of the Pennsy Trail, a 2.6-mile recreational trail atop former Pennsylvania Railroad bed that runs east-west, south of downtown Greenfield. Last month the city was awarded an $800,000 grant under the “Hoosiers on the Move” statewide trails plan. […]
HENDRICKS COUNTY Midwest Hospitality Group adding hotel in Avon Midwest Hospitality Group has filed plans to build a 73-room, four story Fairfield Inn and Suites in Avon, one of nine hotels the Avon-based company is building. Midwest Hospitality owns and operates six hotels in Central Indiana, including a Super 8 Motel in Avon. It’s expanding […]
Colossal signs may welcome visitors MADISON COUNTY-Anderson could become the city-of-the-enormous-sign. Most recently, the city zoning board approved plans for a 644-square-foot, Las Vegaslike electronic sign for the new Hoosier Park racino along Interstate 69. City officials believe the sign, which features a 16-foot video screen, will help draw the 50,000 people who are expected […]
Spotlight on Madison County Named for James Madison, the fourth U.S. president (1809-1817) 5 LARGEST CITIES/TOWNS population Anderson …………………………………..57,496 Elwood ………………………………………..9,096 Alexandria ……………………………………5,888 Pendleton …………………………………….3,919 Chesterfield ………………………………….2,780 5 LARGEST EMPLOYERS employees Guide Corp……………………………………1,500 Saint John’s Health System ……………..1,500 Red Gold…………………………………………900 Atlas Cold Storage…………………………….600 Delphi Automotive Holding………………….450 COUNTY MSA* Population 131,312 1,695,037 . Median age 39.2 […]
The accuracy of a key global interest rate has been under scrutiny since the credit market crisis surfaced last summer. The London-interbank-offered rate, known as Libor, is used to determine interest rates on more than $350 trillion in financial instruments around the world-note that was “t” for trillion. Many mortgages, fixed-income securities, consumer and corporate loans, and derivatives use Libor as a base rate when setting their interest rates. Libor is administered by the British Bankers Association, which once a…
It might be a bit over the top to say that a man I met only once and barely knew had a profound influence on my life, but that’s how I felt about Jim McKay. Thus, when I tuned in to view the Belmont Stakes on June 7 and the lead story was not of Big Brown’s (failed) bid for the Triple Crown but of Jim McKay’s passing at the age of 86, I admit I felt a sudden pang…
At the ripe age of 71, Sen. John McCain is poised to become the Republican nominee for president. Simply put, McCain is a senior. Years ago, we would’ve called him a senior citizen. If elected president, he would be 72 years old when taking office. While there is a minimum age of 35 to be elected president, there is no maximum. This raises the question: How old is too old to be a leader? Would a win for McCain be…
INDIANAPOLIS B sJOuRNAL E S TA B L I S H E D 1 9 8 0 L O C A L LY OW N E D 41 E. WASHINGTON STREET, SUITE 200 INDIANAPOLIS, IN 46204-3592 317-634-6200 Fax: 317-263-5060 Editorial Fax: 317-263-5406 E-mail address: [email protected] site address: www.ibj.comChris Katterjohn VICE PRESIDENT/ SALES & OPERATIONS Greg Morris EDITORIAL Editor – Tom Harton Managing Editor – Greg Andrews Associate Editors – Andrea Muirragui Davis Tawn Parent Focus Editor – Jeff Newman Online…
Ten years ago, Bob McAfee bought SaniServ, an 80-year-old Mooresville institution that pioneered the making of softserve ice cream machines for restaurants. Despite the manufacturer’s longevity, a handful of competitors-one of them much larger and two roughly the same size-had cut into market share, causing SaniServ’s annual revenue to stall at about $10 million. Determined to improve upon the figure, but unsure how to go about it, McAfee turned to the Butler Business Accelerator. The 2-year-old consultancy on the Butler…
Locally based Powerway Inc. is scrambling to shrink its work force and remake its business plan after the firm’s most lucrative
customer–the ailing automaker Chrysler LLC–said it will no longer use Powerway software or mandate its use among the company’s
hundreds of suppliers. Powerway laid off 14 employees and slashed salaries for many who remain after it learned of Chrysler’s
plans on June 6.
For the past 10-plus years, central Indiana has benefitted from growth in the distribution/logistics industry with hundreds of new jobs and millions of square feet of new facilities. We’ve seen massive facilities go up one right after another, often topping the square footage of our tallest downtown skyscrapers. In the past eight years alone, the square footage of central Indiana distribution centers has more than doubled from 20 million square feet to 51 million square feet. And we’re not just…
When a Marion County jury two years ago issued an $18 million malpractice judgment against an east-side Indianapolis law firm, the figure was almost too large to believe. Surely this was the kind of zany jury verdict that an appeals court would swiftly overturn. No such luck. The Indiana Court of Appeals last month upheld the verdict against Fillenwarth Dennerline Groth & Towe. And now attorneys for the plaintiff, the Indiana Department of Insurance, are tightening the screws. They’re asking…
While many manufacturing companies are implementing Six Sigma for continuous process improvement, it may not be the most practical solution for every company. Smaller manufacturers can benefit from applying many of the tools found in the Six Sigma methodology, but on a more manageable scale for daily process improvement. While far from a complete list, the following six practical tools may be used by smaller companies who are motivated to continually streamline production and improve productivity: Key performance indicators Most…
More than once I’ve been told that to get ahead in business, I need to play golf. Sorry. Not going to happen. Oh, it isn’t because I don’t like golf. Quite the contrary. I love golf. Golf, properly done, can be beautiful: the ballet of the swing; the crack of the driver against the teed ball; the drive rocketing away from the tee box, curving to the right and then drawing itself back onto the fairway; a laser-guided short iron…
