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Articles

INpact Medical Device Network matches start-ups with service providers

August 20, 2009

Industry groups in the life sciences, medical and information technology realms have helped lure companies to the region
and foster upstarts. Funding is almost always an issue, but it’s not the only barrier. Getting medical
devices to market often requires product design, development and marketing resources that aren’t
always apparent to upstarts.

Council balking at Pacers aid

August 20, 2009

It remains a mystery where the $15 million dollars is going to come from the Indiana Pacers say they need to operate the city-owned Conseco Fieldhouse.

Summer program turns teens into entrepreneurs

August 13, 2009

Eighteen students from Indianapolis’ Haughville neighborhood sold their wares— ranging from caps and sunglasses
to purses
to home-baked cookies—as part of a summer business-education program
for low-income youth.

Tenants trickling in to Purdue’s technology center

August 13, 2009

For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when
Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8
million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.

Carbon Motors files for $310 million loan

August 13, 2009

Carbon Motors yesterday filed for a $310 million federal loan to help it begin producing high-tech police cars in Connersville.

City-County Council OKs hotel tax hike

August 11, 2009

The City-County Council voted 15-14 last night to approve raising the local hotel tax from 9 percent to 10 percent in a move
intended to help the cash-strapped Indianapolis Capital Improvement Board close a $47 million operating deficit.

CIB regrouping, still aiming to close budget hole

August 7, 2009

The beleaguered Indianapolis Capital Improvement Board has whittled its anticipated 2010 deficit of $47 million to only $5 million. But how it slashed $7 million since the end of the Legislative special session and how it proposes to close the final gap are a mystery.

EDITORIAL: Restore Winona to city tax rolls

August 6, 2009

If Denver-based Ecolonomic Realty Group decides it wants to pursue a $25 million redevelopment of the old Winona Memorial Hospital site and presents a solid proposal, the city is in no position to turn down the tax revenue it would generate.

KOVACS: Time is now for health care reform

August 6, 2009

One of the biggest challenges facing our nation is health care reform. Despite development of the most innovative and significant
advances in medical treatment, our ability as health care professionals to provide high-quality, cost-effective and continual
patient care too often falls by the wayside as a result of misalignments in our health care system.

State picks first virtual charter-school operator

August 6, 2009

The Hoosier Academies will start up the state’s first virtual charter program later this month, the Indiana Department of Education announced today. The state Legislature has promised to pay 80 percent of tuition for as many as 200 students, in first through fifth grades, to enroll with Hoosier Academies but take all their courses over […]

POWER BREAKFAST: Panel applauds progress, identifies challenges

August 6, 2009

A panel of five leaders of the state’s life sciences
industry took on a wide range of topics
July 24 at IBJ’s Power Breakfast
at the Westin Indianapolis.

Emerging life sciences companies grabbing more in government grants

August 5, 2009

More emerging life science companies have found life in the form of federal
Small Business Innovation Research grants.

Lilly software spinoff Maaguzi sells for $11 million

July 30, 2009

Investors in a company built around clinical research software bought from Eli Lilly and Co. have found their exit, though
it’s far from the lucrative payoff they’d once imagined.

Toll-road lease tumbles in value

July 30, 2009

Gov. Mitch Daniels expected his unprecedented $3.8 billion Indiana Toll Road lease to last 75 years. It may be tested after
just three.

Downturn provides opportunity for restaurants hungry for expansion

July 30, 2009

The economic slump is giving independent local restaurants a shot at prime locations that in good times would be snapped up
by chains.

Arts festivals feel financial pinch

July 30, 2009

Art-show organizers are getting creative to keep their events alive as they struggle to attract sponsors and participating artists.

Is Indiana coming out of venture capital swoon?

July 30, 2009

Carmel-based Dormir LLC’s announcement July 29 of $12 million in venture financing was the second local life sciences
deal announced in July. It could suggest a turnaround from a woeful second-quarter performance, when Indiana life
sciences firms announced zero venture capital deals.

State unveils $31M tuition-funding program

July 30, 2009

Gov. Mitch Daniels failed to get the legislature to bite on his plan to lease out the Hoosier
Lottery in order to pay for two-year college scholarships. So he’s now he’s using $31 million in federal stimulus funds
to create a similar program for about 9,000 Hoosiers.

Lawmakers cut state tourism office’s budget in half

July 30, 2009

Destinations throughout Indiana no longer can count on a state marketing campaign to help drive summer crowds. Lawmakers who
passed a budget during the special session at the end of June sliced the state’s annual contribution
to the Indiana Office of Tourism Management in half—from $4.8 million to $2.4 million.

Carbon Motors chooses Connersville

July 29, 2009

Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.

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