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STATEHOUSE DISPATCH: Negotiating blitz to bring legislative session to close

April 16, 2007

For those who thought this had been a fairly boring session of the Indiana General Assembly to date, wake up from your deep slumber. Nap time is over. We’ve reached the point where the lowhanging fruit has been picked by lawmakers and passed on to the governor, and the heavy lifting remains. Lawmakers embark upon the conference committee stage of deliberations. To understand conference committee time, forget all your conceptions to date about the session and begin with a clean…

Hasten brothers commit to funding Jewish students

April 13, 2007

Hart and Mark Hasten, who sold Kokomo-based First National Bank & Trust in January to Harris Bankcorp Inc. of Chicago, have given a grant to Hasten Hebrew Academy that paves the way for more low-income students to attend the school. Some families didn’t qualify for assistance programs already in place or were reluctant to disclose […]

Glicks to donate $30 million to IU medical school.

April 13, 2007

Apartment-builder Gene Glick and his wife Marilyn will give $30 million to found an eye institute at the Indiana University School of Medicine, the school announced this morning. Two-thirds of the money will pay for a new building to house the Eugene and Marilyn Glick Eye Institute. The remainder will fund research on eye diseases, […]

Former Union Federal exec joins Indianapolis startup

April 11, 2007

Former Union Federal Bank of Indianapolis President and CEO Alvin “Kit” Stolen III has taken a position as vice president of consulting at Achievant LLC. The Indianapolis company, launched in September with funding from the 2005 sale of the Carmel banking software firm Baker Hill, sells consulting services and software to help financial institutions with […]

Purdue professor developing weapon for AIDS battle: Lower-cost testing device could save money for more treatment in disease-ravaged Africa, other countries

April 9, 2007

The professor of cytomics-the study of cell systems-is leading an effort to develop a low-cost device that would help more Africans get tested for the deadly disease. His goal, bolstered by his Cytometry for Life not-for-profit, is to build thousands of units that can be delivered to third-world countries around the globe. Robinson has completed the prototype and returned in March from a weeklong trip to Nigeria, where he and fellow university researchers met with government and health care officials…

High-tech 21st Century funding in doubt

April 2, 2007

The first version of the $25.6 billion state budget, passed by the Democratic majority in the Indiana House of Representatives
Feb. 22, didn’t include any money for the Indiana 21st Century Research and Technology Fund, which provides financial assistance
to promising high-tech startups.

At least 8 parties interested in buying Crown Hill land

March 29, 2007

The Alliance Steering Committee, a loose organization of neighbors of Crown Hill Cemetery that opposed redeveloping a section of the historic property, is meeting this afternoon with nature groups that are interested in buying the parcel. One alliance leader, Butler University biology professor Tom Dolan said at least eight entities are showing interest in the […]

Abandoned toll-road push might not help mass transit

March 26, 2007

Leaders of Indianapolis’ mass transit movement don’t expect to benefit—at least not immediately—from Gov. Mitch Daniels’ giving up on his push to build the Indiana Commerce Connector toll road. “I never felt they were either/or projects, said City-County Councilor Joanne Sanders, a Democrat and vice president of the Central Indiana Regional Transportation Authority. “They both […]

STATEHOUSE DISPATCH: Desperate for cash, lawmakers embrace gambling

March 26, 2007

We recently told you how revenue growth was lagging the December fiscal forecast. One prominent Republican senator tells his constituents that his colleagues are now planning for a growth rate in this fiscal year of only 2.5 percent, not the 4.2 percent to 4.5 percent they had planned on at the beginning of the session. While lawmakers will not have a new fiscal forecast for the biennium until the middle of April, they are clearly girding for a new fiscal…

Invoice-borrowing a growing credit option

March 26, 2007

Bank loans and credit cards are common solutions to small businesses’ cash-flow crunches, but small-business owners increasingly
have another option: using unpaid invoices as collateral to borrow money from investors.

Carmel unveils plans for $80M performing arts center: Designs include major orchestra hall laden with state-of-art acoustical design features, plus 500-seat theater

March 26, 2007

The seats in the new Carmel Performing Arts Center will be designed so music will be acoustically unaffected whether people are sitting in them or not. The walls and jutting upper-level balconies will be curved so sound waves wrap around the hall, preventing sound from becoming focused in a single spot. A suspended reflective canopy will be raised or lowered depending on the number and types of instruments being played so reverberation time stays perfect at all times, thus doing…

SBDC network gets new chief

March 26, 2007

After about seven months without a leader, the Indiana Small Business Development Center network has found one in Jeff Heinzmann. An attorney by training, the 39-year-old is charged with getting the statewide system of 11 regional centers on track in their efforts to help entrepreneurs get started and grow. Despite their connection, the Indiana centers for the most part have operated independently, and some-like the central Indiana office serving Marion and the surrounding counties-have struggled for stability. Heinzmann aims to…

SURF THIS: Is charity legit? Here is where you can find out

March 26, 2007

Just when I think I’m coming around to liking people, something like this happens. The phone rang at the office and a woman announced that she was calling on behalf of the “Committee for Missing Children.” She gruffly explained that, while I may not recognize the organization’s name, I would likely recall one of the 2 billion images of missing children they’ve distributed on milk cartons and posters. Our policy here is to avoid giving to telephone solicitations. So I…

Mass-transit movement focuses on education: Passenger projections, search for director delay effort

March 26, 2007

Efforts to secure a mass-transit system for central Indiana are moving ahead. But not rapidly. Several mass-transit bills are pending in the General Assembly-including one requiring the Indiana Department of Transportation to study building a rail system from Indianapolis to Muncie, and another encouraging development of mass-transit systems across the state. But neither is likely to result in immediate funding for a system serving Indianapolis commuters. Local mass-transit advocates still are a long way from winning over lawmakers and others…

Sears relaxes lawsuit, allows Dora hotel to proceed

March 19, 2007

Construction on a hotel Fishers-based Dora Bros. Hospitality Corp. is building in downtown Columbus can resume, now that Sears, Roebuck & Co. has withdrawn part of a lawsuit it filed in November. But the retail giant still wants monetary damages, according to The Republic of Columbus. Sears, based in Hoffman Estates, Ill., claims construction on […]

VOICES FROM THE INDUSTRY: Here’s another tax break you may have overlooked

March 19, 2007

Financial advisors counsel clients on income, estate and gift taxes among other things. But they often neglect residential property taxes. That could well be a mistake. Property taxes are a significant cost of owning real estate – typically 1 percent to 1.5 percent of market value. So, they must be considered in making financial decisions. They can also be a significant cash-flow consideration for someone in retirement who has a lot of illiquid wealth-not just for your primary residence, but…

NOTIONS: How to save lives, money, and still win re-election

March 19, 2007

As a hearing-impaired, diabetic, migraine-suffering cancer survivor, father of a cancer survivor and widower of a cancer victim, I’ve followed my share of doctor’s orders. So I’ve taken two of Monroe’s tenaciousness pills, and I’m calling (well, writing) you in the morning. Since my late wife the non-smoker was diagnosed with a smoker’s cancer, I’ve shared our sad story to educate government officials and citizens about the dangers of secondhand smoke. But let’s skip the emotions this time, abandon impatience…

STATEHOUSE DISPATCH: Will costs and priorities merge or crash?

March 19, 2007

In our first column of the session, introducing you to the assorted variables that would influence the policy outcomes of 2007, we cautioned you that the next few months would be focused upon money and priorities. Lawmakers and Republican Gov. Mitch Daniels had a number of pet initiatives they wanted to see enacted and funded. But, after ensuring that programs and entities that had been shortchanged in the past biennium would be compensated and after bumping up education spending a…

Donation to Purdue doubles tech transfer funding

March 16, 2007

The $100 million gift to Purdue University that’s scheduled to be announced this morning will generate enough income to double the university’s spending on technology transfer, the process of shifting laboratory discoveries into products that can be sold by companies. Income expected to be created by the endowment from Mann Foundation for Biomedical Engineering is […]

Snubbing of ‘queen of the skies’ to save millions: Airport decides it can’t justify taxiway upgrades with FedEx cancellation of ‘super-jumbo’ Airbus A380

March 12, 2007

Not only did airport tenant FedEx cancel its order for the cargo version of the “superjumbo” last November, but no other carriers have indicated they’ll likely use the super-jumbo here, said airport Director Patrick Dooley. Nor, Dooley added, is there a compelling case to be made for taxiway upgrades merely as a contingency for A380’s being diverted here occasionally from Chicago’s O’Hare International or other airports. So managers are removing all references to the A380 in a long-range airport plan…

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People

Susie Ripley

Articles

STATEHOUSE DISPATCH: Negotiating blitz to bring legislative session to close

Hasten brothers commit to funding Jewish students

Glicks to donate $30 million to IU medical school.

Former Union Federal exec joins Indianapolis startup

Purdue professor developing weapon for AIDS battle: Lower-cost testing device could save money for more treatment in disease-ravaged Africa, other countries

High-tech 21st Century funding in doubt

At least 8 parties interested in buying Crown Hill land

Abandoned toll-road push might not help mass transit

STATEHOUSE DISPATCH: Desperate for cash, lawmakers embrace gambling

Invoice-borrowing a growing credit option

Carmel unveils plans for $80M performing arts center: Designs include major orchestra hall laden with state-of-art acoustical design features, plus 500-seat theater

SBDC network gets new chief

SURF THIS: Is charity legit? Here is where you can find out

Mass-transit movement focuses on education: Passenger projections, search for director delay effort

Sears relaxes lawsuit, allows Dora hotel to proceed

VOICES FROM THE INDUSTRY: Here’s another tax break you may have overlooked

NOTIONS: How to save lives, money, and still win re-election

STATEHOUSE DISPATCH: Will costs and priorities merge or crash?

Donation to Purdue doubles tech transfer funding

Snubbing of ‘queen of the skies’ to save millions: Airport decides it can’t justify taxiway upgrades with FedEx cancellation of ‘super-jumbo’ Airbus A380