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City buildings save money while gaining ‘Star’ status: EPA program gives tax breaks for energy efficiency

April 23, 2007

Thomson Inc. building, 10330 N. Meridian St. In 2006 alone, the EPA awarded more than 3,400 buildings nationwide with the Energy Star designation. Buildings can achieve the status by adopting an energy-management strategy and tracking the results during a 12-month period using an EPA rating system. Results need to be verified by a professional engineer. All Energy Star products qualify for a tax credit. A deduction of up to $1.80 a square foot is available to owners and designers of…

Calendar publisher wants to power his factory with wind

February 12, 2007

The Time Factory founder and CEO Jim Purcell wants to erect a 150-foot-tall wind turbine above his calendar factory near 62nd
Street and Georgetown Road. Purcell figures the $200,000 contraption could power 60 percent–if he’s lucky, maybe 80 percent–of
his 22,000-square-foot facility.

Successful software veteran forms investment firm: Mark Hill’s $5 million underwrites startup BlueLock

January 22, 2007

When local IT entrepreneur Mark Hill sold his banking software company in August 2005, he emphasized the potential upside for the area entrepreneurial community. Now he’s making good on his word. Not content to bask on a beach somewhere, Hill has organized an Indianapolisbased private investment company called Collina Ventures. With $10 million under management-all provided by Hill-Collina already has made its first investment. This month, it risked $5 million in startup cash to organize Indianapolis-based Blue-Lock LLC, a computer-hosting…

Newspaper war erupting in northern suburbs

September 18, 2006

Two new Carmel newspapers will soon join eight others in Boone and Hamilton counties. While the region is one of the fastest growing in Indiana, journalism experts said having 10 newspapers serving a population of just under 300,000 is astounding.

Top Conseco executives opt to live in Chicago

August 28, 2006

Jim Prieur makes a great choice for Conseco Inc. CEO, analysts say. But whether his hiring bodes well for the company’s Carmel headquarters is a different question. Conseco Chairman Glenn Hilliard said last week that Prieur will live in Chicago when he joins the company next month.

Great Fermentations: Fueling the quest for the perfect pint Northeast-side business caters to DIY brewers

August 14, 2006

Northeast-side business caters to DIY brewers Beer, Benjamin Franklin once said, is proof that God loves us and wants us to be happy. If the fermented brew so captivated one of the nation’s great thinkers, it’s no wonder it also trickled into the hearts and minds of thousands of home brewers like Anita Johnson. Johnson, 44, is co-owner of Great Fermentations, where beginning and expert home brewers alike can stock up on barley, hops and yeast-and discuss the finer points…

Venture Center’s Beck plans seed capital fund: Former Rose-Hulman Ventures prez returns to town

July 31, 2006

Over the last three years at the helm of Indiana Venture Center Inc., one thing became all too clear to Steve Beck: Not much money is available locally for early-stage companies. So he’s going to raise some himself. Last week, Beck, 59, announced he’s stepping down as Indiana Venture Center president to become co-managing director of IVC Equity Partners, a new local seed capital fund. His IVC Equity cofounder is Scott Prince, 38, a Columbus native and Indiana University graduate…

SPORTS: Can U.S. pros reach the world hoops summit?

July 24, 2006

Team USA gathered in Las Vegas this past week to begin its attempt to reclaim America’s rightful place-which would be first place-in international basketball. Imagine, American hoopsters with a hill to climb. Who’d a thunk it? Well, me, for one. Anyone who was paying attention to international hoops-and I happen to be an aficionado-could see that America’s dominance, so pronounced when the 1992 Olympic Dream Team pounded hapless opponents on its way to the gold medal, was slip, slip, slipping…

Mass transit’s catch? Paying for it

July 17, 2006

The idea of rapid transit is popular locally, but there’s no consensus on how to finance it. For construction alone, it would cost at least $546 million for suburban express bus service up to $1.4 billion for an "automated guideway" system similar to a monorail. And that's for only one corridor.

Firm finds direct approach pays off: Marketing Informatics, part of hot industry, sees revenue rise by $28 million in 3 years

June 5, 2006

Bob Massie came to Indianapolis in 1985 to preach the Word of God. Twenty-one years later, he’s spreading the messages of Indiana businesses, not from a pulpit, but through direct-mail advertising. Massie is shepherding a fastgrowing flock of clients. His company’s revenue has grown from $1.86 million in 2003 to a projected $30 million this year. The growth of Massie’s firm, Marketing Informatics, reflects the growth of the industry. Directmail advertising is growing more than 15 percent annually, according to…

Insurers go to the dogs, cats: Pet policies rise as owners show growing willingness to spend on their animals

May 29, 2006

Max the golden retriever has lymphoma. But fortunately for him, the disease is not a death sentence. That’s because a pet insurance policy covered most of the $4,000 in chemotherapy and drug treatments needed to keep the canine alive. While the pet insurance industry remains relatively small, it is gaining popularity. From 1994 to 2003, the number of people purchasing health care coverage for their four-legged friends rose 76 percent, according to Veterinary Pet Insurance in Brea, Calif. Dr. Jim…

Racing for the green: Rookie owner risks house and home to realize dream

April 24, 2006

“If somebody wipes one of them out, the associated residence goes with it,” he says, only half jokingly. Now in his 14th season in t h e m o t o r – sports industry, Crawford, 38, decided to hoist his own flag for the first time this year in the Indy Pro Series, open-wheel racing’s highest minor league. For the record, he’s not a wealthy man. The second property is the only investment he and his wife, Myra, haven’t…

Tech acquisitions are bittersweet: Investors win, but state loses headquarters

April 24, 2006

In the past two weeks, central Indiana’s two fastest-growing high-tech companies have announced their sales to larger out-of-state firms. Local leaders are of two minds about it. On the one hand, there’s the enormous payday for investors. Massachusetts-based Hologic Inc. is buying Indianapolis-based medical-device maker Suros Surgical Systems Inc. for at least $240 million. And St. Louis-based TALX Corp. scooped up Carmelbased Internet testing firm Performance Assessment Network Inc. for $75 million. Optimists hope to see much of that money…

Tax forms not dependable as only source of NFP data:

April 10, 2006

Not-for-profit organizations’ tax filings can provide a wealth of information, from big-picture data like annual revenue and expenses to nitty-gritty details, including the CEO’s salary. But drawing conclusions-or trying to compare organizations-based only on the IRS Form 990 is difficult at best. First off, not all tax-exempt organizations are required to file tax returns. Groups with less than $25,000 in annual revenue are exempt from filing, as are all churches and many other religious institutions. And among those that do…

IRSAY’S ODYSSEY: Owner learned from life in NFL to build winning team

January 16, 2006

The Indianapolis Colts' evolution from perennial patsy to Super Bowl favorite is a body of work with a seldom-told—and often misunderstood—history. It's easy to see the hues all-pros Peyton Manning, Marvin Harrison and Edgerrin James painted on this masterpiece season. President Bill Polian and Coach Tony Dungy certainly colored the landscape. And Offensive Coordinator Tom Moore added his creativity. But theirs aren't the only signatures on this canvas.

Backyard gushers: Prolific Plummer oil field profitable for Citizens as crude prices rise

December 12, 2005

They’ve also pumped up revenue for Citizens Gas & Coke Utility, thanks to the soaring price of oil this year. The utility’s oil revenue for the fiscal year ended Sept. 30 nearly doubled, to $4 million from $2.26 million in fiscal 2004. Since 1969, the Oil Division has generated income of nearly $40 million. In fiscal 2005, income of the Oil Division rose 160 percent, to $2.6 million, vs. $1 million in 2004. Although $2.6 million is not a huge…

COLD PROSPECT?: New stadium may not overcome climate, lack of corporate clout as city vies for Super Bowl

October 17, 2005

Did NFL Commissioner Paul Tagliabue do a snow job on Indiana legislators? Tagliabue dangled visions of Indianapolis’ hosting a Super Bowl when he made the case for a $625 million stadium before Indiana lawmakers earlier this year. Now construction is under way, and local officials are watching 2006 host city Detroit to see if it can warm skeptics to the idea of playing the Super Bowl in a cold-weather city. But some observers of the big game doubt Indianapolis has…

Insurer may be low on targets: WellPoint’s latest megadeal could be last for a while

October 3, 2005

A lack of available targets may steer Well-Point Inc. away from its diet of multibilliondollar acquisitions after it digests the latest purchase, New York-based Blue Cross/Blue Shield insurer WellChoice Inc. That, in turn, might slow the company’s frenetic growth rate, according to analysts who follow the health insurance industry. Blockbuster deals like the $20.8 billion merger that created WellPoint last year swelled the health insurer into the biggest player in its industry. In 2004, it reported a $960 million profit,…

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

May 30, 2005

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…

Crossroads’ work helps soldiers in Iraq: Money from project used for massive upgrades at Indianapolis operation

April 11, 2005

When the U.S. Army sought a contractor to manufacture a special identification panel for military vehicles in the mid-1990s, some shops didn’t think the contract was big enough to pursue. Others thought the work on the panel was too tedious. Locally based Easter Seals Crossroads Industrial Services didn’t hesitate to bid. Six years after supplying the Army with its first shipment of combat ID panels, Easter Seals Crossroads Industrial Services, a division of the not-for-profit Easter Seals Crossroads Rehabilitation Center,…

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