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NaClor picks spot for $40 million plant: South-side parcel considered for chemical factory

Backers of a proposed $40 million Indianapolis chemical plant are eyeing a south-side parcel near White River, but neighbors worry fumes from the facility will drag down property values nearby. In the spring, local economic development groups trumpeted Indianapolisbased NaClor Inc.’s decision to build the plant here. In return for the 53 new jobs-making bleach and other chemicals used in soaps, detergents and water quality treatment-the state promised $2.8 million in tax cuts and training grants, and the city offered…

Ex-Lilly execs take on diabetes with Carmel startup

Four former top scientists at Eli Lilly and Co. have formed a Carmel-based company to develop diabetes therapies–a venture observers say has the potential to become the kind of blockbuster success BioCrossroads was built to stimulate.

VOICES FROM THE INDUSTRY: Bringing answers to Indianapolis from around the globe

Why should you care how many stamps your architect has in his or her passport? Or whom your architect talks to from around the world? Because, as national publications declare design to be the new driving force in the marketplace, and as that marketplace becomes increasingly global, your architect can offer you a conduit to the people and ideas that will make a difference in your business in the years ahead. Indianapolis-area architects already are working to bring the world…

Foreign auto plants-yes, foreign automobiles-no: Ford and Chevy tops in all 92 Indiana counties

Hoosier workers and community leaders want Honda and Toyota jobs, but the vast majority of them don’t want their cars, at least not yet. At a time when employment by the Big Three automakers is plummeting throughout the state, 80.6 percent of Indiana vehicles registered by the Indiana Bureau of Motor Vehicles are domestic. Hoosiers’ taste for domestic models is in stark contrast with the rest of the country. Nationwide, domestics account for just 51 percent of the market. “I…

BEHIND THE NEWS: Guidant sale not so sweet for holders of buyer’s stock

With almost every passing day, Boston Scientific Inc.’s $27 billion purchase of India n a p o l i s – b a s e d Guidant Corp. looks like a bigger fiasco-for the buyer, that is. Whether it was bad for the sellers-Guidant shareholders-is a trickier question. They received a stew of stock and cash in the deal and fared splendidly if they immediately sold their shares. But if they didn’t, Massachusettsbased Boston Scientific’s $80-a-share offer has lost its…

ECONOMIC ANALYSIS: Improving state economy defies simple measures

The replacement of the Indiana Department of Commerce with the privately directed Indiana Economic Development Corp. has been mostly a non-issue in this election season. While most of the fist-pounding, face-reddening rhetoric has been directed at such meaty issues as how long we wait when we go to the BMV office once a year and whether or not we should reset our clocks each spring and fall, the issue of how we go about reinventing and reinvigorating the economy that…

Lucas Oil launches high-end motorcycle biz in Indy

Little known in this market less than a year ago, Lucas Oil Products is roaring into town with its first brick-and-mortar operation. Founder Forrest Lucas has set up a sister company, Lucas Cycles, to make fancy, fuel-injected motorcycles.

TOM HARTON Commentary: Recipe for a great university president

And in the almost 20 years since John Ryan? None of the three presidents hired by IU’s trustees have had any apparent connection to IU or the state. The IU marketing machine will churn out plenty of evidence, most of it legitimate, that those three-Thomas Ehrlich, Myles Brand and Adam Herbert-enjoyed successful tenures, but public perception says otherwise. IU isn’t alone in turning its back on internal candidates. R. William Funk, one of the foremost university president headhunters, said only…

Cable company rolls out on-demand advertising: Comcast already has signed deal with General Motors

People don’t typically pay for on-demand cable so that they can look at advertisements, but Comcast thinks they will. It’s trying to turn an old axiom-that people avoid advertising like the plague-on its ear. The Philadelphia-based company that provides cable television in much of Marion County thinks its new on-demand advertising-launched earlier this fall-will be so popular, viewers will seek out the pitches. For Comcast digital cable subscribers, accessing on-demand ads is as easy as going to their video on-demand…

LEADERSHIP: Are you a genius or an idiot? Just ask your employees

Do me a favor. Take out a piece of paper and draw a line across the middle from left to right. On the far left side of the line, put the letter “I,” and on the far right side of the line, place the letter “G.” Now set this piece of paper aside for just a minute and let’s address one of the biggest challenges facing leaders today-getting the most out of every member of your team. Regardless of where…

New law encourages workers to save more: Pension Protection Act lifts retirement account limits, steers people into 401(k)s

A major provision of the Pension Protection Act signed into law by President Bush last month encourages companies to register workers for retirement plans without requiring them to “opt in.” Putting the onus on employees to decline enrollment is a savings caveat financial planners favor. “Anytime you leave it up to somebody to do something on their own, you increase the odds that it’s not going to happen,” said Grace Worley, president of Indianapolisbased Worley Financial Group. “If they’re [enrolled]…

VOICES FROM THE INDUSTRY: Why smart business people neglect their own finances

Over the past eight years, they’ve moved their home office to a new commercial space, grown their staff to eight full-time employees, and recently acquired an account that means hiring more staff. All the while, they’ve been busy raising three sons and juggling soccer, music lessons and Cub Scouts. Sadly, Margie’s mother died and left Margie an inheritance-not enough to make her instantly wealthy, but enough that she needed financial advice. After having their assets reviewed, Margie and Jerry found…

VIEWPOINT: Heads out the door-not the only answer

Aug. 25-Unemployment in Indiana has hit the highest level in three years, preliminary government figures show. Whenever I read unfortunate news such as this, I recall a conversation I once had with a senior executive. He casually summed up his strategy for achieving supe rior financial results: “Heads out the door. That’s the first thing I do. That’s the only way I know with certainty that the financial results will be improved.” Heads out the door. This made me think…

VOICES FROM THE INDUSTRY: What you should know about Life Settlements

One fairly new investment that has gained attention in recent years is the Senior Life Settlement. What are Senior Life Settlements? Life Settlements evolved from the Viatical industry in the 1990s, when people diagnosed with terminal illnesses such as AIDS, usually facing life expectancies of three years or less, sold their life insurance policies on the secondary market to cover costs of their health care. These types of investments have gradually increased over the years and have paved the way…

New ballet school takes over space left by failed dance group

Victoria Lyras began classes for her newly created Indianapolis School of Ballet Aug. 21 in 10,500-square-foot quarters on Capitol Avenue that previously housed Ballet Internationale's Clara R. Noyes Academy, which closed in November because of financial problems. ISB has 20 students so far.

Estate planning lawyers can become specialists: New exam lets Indiana attorneys become certified

Attorney Jeff Hawkins has focused his law practice on estate planning and administration law for 14 years. He considers himself experienced but is not yet ready to declare himself a “specialist” or “certified” estate-planning attorney. That happens in November, and the designation depends on results of an exam. The Indiana State Bar Association has recently adopted a plan to make estate planning and administration a specialty status of law in Indiana, joining four other focuses that have donned the stature…

9 ways to keep clientele coming back:

The most reliable method for evaluating whether your business truly offers great customer service is customer retention. Customer-retention results reflect the customer’s decision to purchase more of your products and services. After much research in this area, we know that these “re-purchase” decisions are based on three important evaluations. First, the customer decides whether you delivered the basic service promise. Did you deliver the package on time? Was the repair done correctly? Second, the customer makes some touchy-feely evaluations about…

VOICES FROM THE INDUSTRY: Taxes, school, health costs challenge affluent families

Affluent families face many threats to their wealth. But three forces eroding the legacies in almost all of them are taxes, education costs and post-retirement health care. Fortunately, with proper planning, there are steps you can take to help ensure your wealth carries you through retirement comfortably with ample left over for your heirs. Make taxes manageable Taxes may be unavoidable but they can be managed in a way that makes them less destructive to your wealth. Specifically, the alternative…

St. Francis looks to fill hospice care void: Hospital plans 16-bed facility for south campus

St. Francis Hospital and Health Centers wants to raise $15 million to add an inpatient hospice to its growing campus on the south side of Indianapolis. The free-standing hospice could house as many as 32 beds for terminally ill patients. Even though most hospice patients receive care in their own homes, hospital officials see the project as a chance to fill a market need and reinforce their system’s Franciscan values. “People get caught up, I think, in the definition of…

BULLS & BEARS: Investors: Stay within ‘circle of competence’

Index funds are a wise choice for many investors confronted with the overwhelming menu of investment options. They offer a simple alternative that exposes the investor to a variety of industries at a low cost. In addition, an index fund investor’s return will exceed the net results, after fees and expenses, achieved by the majority of investment professionals, including most mutual fund and hedge fund managers. If, however, investors choose to build their portfolio by selecting individual stocks, they should…