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Articles

PROFILE: Silverback Consulting Group: Consultant helps clients navigate tech jungle Silverback looks to diversify health care, bank business

December 3, 2007

Silverback Consulting Group Consultant helps clients navigate tech jungle Silverback looks to diversify health care, bank business In the jungle that is today’s business world, businesses can’t survive without information systems. And if they need help finding their way through all the technological underbrush, a local consulting firm wants to be the 500-pound gorilla that clears a path for them. Silverback Consulting Group was founded in 1997 to help businesses upgrade their internal computer and phone systems. Its consultants plan…

Gatorade inventor’s death recalls local links: Stokely-Van Camp launched sports drink here in 1960s

December 3, 2007

Gatorade’s inventor, Dr. J. Robert Cade, who died Nov. 27 in Gainesville, Fla., left a legacy in Indianapolis that stretches back four decades to the birth of the multibillion-dollar sports drink industry. The invention became a blockbuster product for an Indianapolis-based company and spawned the creation of an Indianapolis-based trust that has doled out tens of millions of dollars in royalties to inventors and other beneficiaries. The city continues to get an economic jolt from Gatorade, with nearly 500 local…

SPORTS: A greedy impasse makes radio relevant again

December 3, 2007

Of this, that and the other: A fond childhood memory is of summertime evenings spent with my father on the screened-in back porch of our farmhouse. While my dad enjoyed a cigar and a frosty libation after a hard day’s work, we would dial in either a Cincinnati Redlegs or Chicago White Sox game on the radio. There, as the sun went down and the flickering dance of the lightning bugs became visible, we’d follow through the static the exploits…

Local hospitality market continues expanding: Last year’s numbers are in; this year looking strong

December 3, 2007

More visitors are coming to Indianapolis and spending more money, leading to more jobs in the local hospitality industry, a soon-to-be-released report from the Indianapolis Convention and Visitors Association shows. And that’s likely to continue, given the numbers predicted for 2007, even though the city’s overall employment growth doesn’t look strong. “These numbers show a continued growth in tourism in Indianapolis,” said ICVA spokesman Bob Schultz. Tourism in Indianapolis had an economic impact of $3.6 billion last year-$31 million more…

Cohesant to be sold for $35 million

December 3, 2007

Indianapolis-based Cohesant Technologies Inc. has agreed to be acquired by Graco Inc. of Minnesota for $35 million. Graco said it intends to keep Cohesant’s largest unit, GlasCraft, while spinning off the rest of the company. Among other products, GlasCraft makes equipment that sprays polyurethane foams. Under the deal, shareholders of publicly traded Cohesant would receive […]

BREAKING: City makes Super Bowl bid official

December 7, 2007

Indianapolis will be making another go of it – bidding to lure the Super Bowl to the city, according to Indianapolis Convention & Visitors Association President Bob Bedell. The ICVA and Mayor-elect Greg Ballard’s transition team talked about bidding for the 2012 Super Bowl for weeks and have decided to move ahead on the plans, […]

UPDATE: Donors still behind city’s bowl bid

December 7, 2007

Indianapolis will make another attempt to lure the Super Bowl to the city, Indianapolis Convention & Visitors Association President Bob Bedell said today. In May, NFL owners voted to play the 2011 Super Bowl at the Dallas Cowboys’ 100,000-seat stadium under construction in Arlington, Texas. The North Texas bid beat out proposals from Indianapolis and […]

Critics fear tax reform will favor suburbs

December 10, 2007

As legislators prepare to overhaul the state’s property-tax system, Marion County’s future hangs in the balance. Indianapolis
residents–particularly in the city’s older, urban core–already pay far higher taxes than their suburban counterparts. And
arguably get less bang for their buck. Changes on the table could make Marion County an even tougher sell.

BEHIND THE NEWS: Cash infusion propels pioneering battery firm into future

December 10, 2007

EnerDel, an Indianapolis company pioneering a new kind of battery for hybrid vehicles, has just received a badly needed jolt of juice. EnerDel’s parent, Florida-based alternative-energy firm Ener1 Inc., late last month wrapped up $32 million in equity financing from a group of investment heavyweights, including JPMorgan Chase and Credit Suisse. The investors received warrants giving them the right to invest another $43 million within 180 days, boosting the total capital commitment to $75 million. “The investors we have gotten…

Fundex mixes tradition with high-tech in game biz

December 10, 2007

Fundex’s Oct. 10 acquisition of the Great American Puzzle Factory keeps the Indianapolis-based game and toy company firmly
planted in the tried and true, even as it experiments with the burgeoning mobile-game market.

Commentary: A foreign investment that is sure to pay off

December 10, 2007

As the year draws to a close, the business community remains focused on taxes and the health of the economy. The governor’s privatization of the Indiana Toll Road generated a windfall of $3 billion. If managed properly, that money should fund Indiana’s road and bridge repair work. However, perhaps we should consider investing some of the interest to radically change our stature in the global economy. Canada possesses coastlines along the Atlantic, Pacific and Arctic oceans; has abundant natural resources,…

Commentary: New library ready for Digital Age

December 10, 2007

Dec. 9 was slated to be the Big Day for Indianapolis’ new Central Library. After five years and more than $150 million, the project-which seemed preposterous from the start-has finally come to fruition and sits ready for a grand opening. From the beginning, I wondered how you even move an entire library. What’s more, how do you set it up in a new location, then tear it down and move it back? Imagine moving hundreds of thousands of books, magazines…

Six teams in running for public art award: Commission will choose two winners in January

December 10, 2007

Six finalists have pitched their visions for public art projects as part of the Arts Council of Indianapolis’ second “Great Ideas” competition, aiming to inspire and educate area residents-and encourage them to slow down and contemplate life. The contest kicked off in 2005, when two artists each got $40,000 in funding from the Indianapolis Cultural Development Commission. This year, a seven-person panel will weigh the proposals and select two winners, each of whom gets a $3,000 stipend and $15,000 to…

PROFILE MICKI STIRSMAN: Education at heart of growth Continued training is part of her biz plan

December 10, 2007

PROFILE MICKI STIRSMAN Education at heart of growth Continued training is part of her biz plan Your face might be Micki Stirsman’s canvas. Instead of applying paint to paper or molding clay into sculpture Stirsman and her staff use their artistry to transform their clients’ appearances. The Speedway native is owner of Salon 01, a business she started with a $10,000 contribution from her grandmother that has grown into a million d o l l a r- p l u…

Kenley a go-to guy in taxing situations: Influential senator sees public service as his duty

December 10, 2007

Take a look at some of the most complicated, heated and thankless Statehouse negotiations and chances are you’ll find Republican Sen. Luke Kenley smack in the middle of the fray. While some Hoosiers are hard-pressed to attend a school board meeting or even try to understand their property-tax bills, the 62-year-old chairman of the Senate Tax & Fiscal Policy Committee sits through hours of public hearings and even more hours of closed-door negotiations. This General Assembly promises to be one…

SPORTS: Ah, what a college football season it’s been

December 10, 2007

And so it has come to this, the college football season that will give us the “accidental” champion. The nation’s pundits, purporting to represent the nation’s public, are apoplectic over the prospect. Imagine, The Ohio State University, the allegedly inferior winner of a purportedly inferior league-a year removed from being exposed and embarrassed by the University of Florida in the national championship game-walking off the Superdome carpet with the trophy in hand on the evening of Jan. 7. Or imagine…

Stadium adds Gregg to sponsorship roster

December 10, 2007

While the Indianapolis Colts steamroll their way toward the playoffs, the team’s sales staff is racking up its own successes. Today, Colts officials announced another multi-year, multi-million-dollar sponsorship deal for Lucas Oil Stadium, which is set to open next fall. Officials for locally based HHGregg Inc. announced at a press conference at the team’s 56th […]

‘Mystery man’ at helm of Premier Properties dreams big, but bills pile up

December 17, 2007

Christopher P. White is arguably the city’s most daring real estate developer. But an IBJ review of hundreds of pages of public
records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.

Century-old manufacturer cleans up on dirty water

December 17, 2007

One hundred and one years ago, Cole Stickle convinced the Langsenkamp family to help him start a company based on a
technology few understood–turning water into steam power. Five generations later, the 15-employee operation continues to
thrive.

eGix buyout sets up Bell battle

December 17, 2007

The fiercely competitive local telecommunications landscape should get even more heated, following Cincinnati Bell Inc.’s
$18 million acquisition of Carmel-based eGix Inc. eGix provides bundled voice and data services, as well as high-speed Internet
access and messaging products, to about 17,000 commercial customers.

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