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Arcadia banking on DailyMed: Company hopes product sales can help it escape debt, lift stock

October 6, 2008

When Arcadia Resources Inc. moved from Southfield, Mich., to Indianapolis last fall, the Indiana Economic Development Corp. crowed with pride. In exchange for incentives worth more than $6 million, the state had landed the headquarters of a publicly traded life sciences firm with more than 5,000 employees. Even better, the company was ready to launch an innovative new product that promises to improve home health care while simultaneously reducing its cost. A year has passed, but investors still aren’t as…

Pangea Lingua suddenly says adieu: Translation firm had served Indiana’s largest companies

October 6, 2008

Not long ago, translation firm Pangea Lingua was one of Indianapolis’ womenowned-business success stories. Its founder, Tamra Lewis, was named to IBJ’s “40 Under 40” list in 1999. Over the next few years, lengthy profiles followed in the pages of The Indianapolis Star and on the cover of Indianapolis Woman magazine. Yet suddenly, the company is out of business-apparently in part because other firms were undercutting it on price. Lewis, who’s in her early 40s, did not return calls left…

Hands-on strategy turns Mike’s Carwash into industry model

September 22, 2008

Mike’s Express Carwash makes money the old-fashioned way. The second-generation family affair, now celebrating its 60th
year, has invested its reserves in steady expansion, becoming a model for the $23.4 billion industry in
the process. And its owners still sweat the small stuff.

VOICES FROM THE INDUSTRY: Green building not over when construction finishes

September 8, 2008

“Green” has fast become the metaphor for that new world we want to live in. We’ll have green jobs, drive green cars and live in green buildings made from green materials. The link between the environment and the color may seem obvious, but most artists will tell you that green is, by far, the most difficult color to master. Green isn’t one color. It’s made by mixing yellow and blue. Different proportions of yellow to blue produce a wide range…

Billiondollar chance: OneAmerica foresees huge growth opportunity in long-term-care policies thanks to new tax breaks

August 25, 2008

That’s when new tax benefits kick in for an unusual kind of long-term-care insurance, called asset-based longterm care. The Indianapolisbased life insurer is betting those tax breaks send a wave of money flooding toward asset-based long-term-care policies, which one of its subsidiaries has sold for nearly 20 years. With people living longer and the 70 million baby boomers aging, the need to pay for long-term care, such as in-home elder care and assisted-living facilities, is sure to rise. “We see…

Creating opportunities in tough times: Tightening economy requires ‘patchworking’ sources of income

August 11, 2008

Women aren’t leaving the work force to stay home with their kids-they’re being forced out in equal numbers with men. That’s the word from “Equality in Job Loss: Women are Increasingly Vulnerable to Layoffs During Recessions,” a congressional report released July 21. Often women who face job losses decide to forego the job hunt and opt instead for selfemployment, the report said. Might this job downturn trigger a boom in entrepreneurship for women? Not if they don’t already have the…

EYE ON THE PIE: This railroad deal is a good deal

August 11, 2008

Let’s get burritogate out of the way and proceed to more substantive, if less spicy, matters. Yes, a guy who works for the Canadian National Railroad paid for a burrito and a beer that I consumed. He did not know then that I wrote this column and hence commanded a vast, influential audience. I did not know then that he had a project to represent. But CN (as the rail line is called) has a most significant project going. It…

ECONOMIC ANALYSIS: Speculators aren’t to blame for pain at the gas pump

August 4, 2008

Speculators are blamed for a number of bad things-lately, even high gas prices. It is fun to find villains. In fact, casting blame has replaced baseball this summer as the official sport of Congress. But it might do some good for the soul to ask just who these speculators are, and how they might affect gasoline prices. To begin with, it is worth understanding that the price of gasoline is largely determined by the price of oil today. Refinery capacity,…

State Fair brings in bounty of corporate sponsorships

August 4, 2008

An economic dry spell may have corporate America praying for rain, but tough times have led to a bountiful year at the
Indiana State Fair. Two weeks before the fair’s Aug. 6 start date, corporate sponsorships were running 22 percent ahead of
2007, surpassing $1.5 million for the first time.

Carmel’s play for the arts

July 21, 2008

Carmel’s play for the arts Some fear it will come at Indianapolis’ expense The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String […]

New Martin University president draws ire

July 21, 2008

In less than four months, new Martin University President Algeania Freeman said, she hit her two main objectives for the state’s
only predominantly black university: cut costs and increase fund raising. But her whirlwind of activity
has not come without controversy.

Carmel’s play for the arts: Some fear it will come at Indianapolis’ expense

July 21, 2008

The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String Quartet No. 19, in C major. On one hand, Indianapolis-area performing arts groups would sacrifice to theater god Dionysus for a chance to perform at the 1,600-seat music hall or at its adjacent 500-seat theater. But others fret…

Living with feisty inflation

July 16, 2008

You might have seen the startling news this morning about inflation. The cost of living exploded by 1.1
percent in June, which is a sobering annual rate above 13 percent.

One of the Indianapolis areaâ??s leading financial planners says…

Forbes: Hamilton is top family county

July 2, 2008

Hamilton County is the best place in the country for raising families, Forbes magazine said in a recent ranking. Hamilton County boasts good schools, low-priced housing and cost of living, and fairy short commutes, the magazine said. The ranking included counties with at least 65,000 residents. Hamilton has 250,000. Good schools were given high priority. […]

Bloomington should store data, consultant says

June 16, 2008

A consultant hired to help Bloomington decide how to replace lost manufacturing jobs recommends storing data for companies. Boyd Co. Inc. said in a recent report that Bloomington ranked third in a list of 45 cities in suitability for hosting data storage centers, according to The Herald-Times of Bloomington. The centers, which generate well-paying jobs, […]

VOICES FROM THE INDUSTRY: Logistics still driving central Indiana industrial market

June 16, 2008

For the past 10-plus years, central Indiana has benefitted from growth in the distribution/logistics industry with hundreds of new jobs and millions of square feet of new facilities. We’ve seen massive facilities go up one right after another, often topping the square footage of our tallest downtown skyscrapers. In the past eight years alone, the square footage of central Indiana distribution centers has more than doubled from 20 million square feet to 51 million square feet. And we’re not just…

ECONOMIC ANALYSIS: Why it’s tough to get our arms around global warming

June 16, 2008

Congress is set to begin a debate on regulation designed to halt global warming. The question is whether and how we might limit greenhouse gases. Costs and benefits will be the central issue. So, despite what many would wish, this is primarily an economic debate. Below are the issues in a nutshell. There is strong scientific evidence that the Earth’s temperature is warming. Even so, there are a significant number of serious climate scientists who doubt this. And there is…

A&E: Locals conjure up monthly magic

June 9, 2008

When IndyFringe, the eclectic latesummer theater fest, launched, I hoped it would have ripple effects on the yearround arts scene here, perhaps inspiring fledgling theater companies to try lowcost Fringe productions and then move out from under the festival umbrella to stage full shows on their own. What I didn’t expect was that, thanks in part to the Fest, we’d now have magic on stage throughout the year. Taylor Martin-an IndyFringe staple whose on-stage characters include Colonial magician Rodney the…

Developers vie for property by Central Library

June 9, 2008

Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to
the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador
apartments at 39 E. Ninth St., just north of the library.

Corley reflects on career as he prepares to retire

June 6, 2008

Bill Corley, who announced today that he will retire after 25 years as CEO of Community Health Network, says doctors nearly ran him out of the hospital within months of his arrival in 1984. Doctors mutinied because they tied Corley’s appearance to a new approach by the federal government to limit reimbursements for certain services. […]

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Articles

Arcadia banking on DailyMed: Company hopes product sales can help it escape debt, lift stock

Pangea Lingua suddenly says adieu: Translation firm had served Indiana’s largest companies

Hands-on strategy turns Mike’s Carwash into industry model

VOICES FROM THE INDUSTRY: Green building not over when construction finishes

Billiondollar chance: OneAmerica foresees huge growth opportunity in long-term-care policies thanks to new tax breaks

Creating opportunities in tough times: Tightening economy requires ‘patchworking’ sources of income

EYE ON THE PIE: This railroad deal is a good deal

ECONOMIC ANALYSIS: Speculators aren’t to blame for pain at the gas pump

State Fair brings in bounty of corporate sponsorships

Carmel’s play for the arts

New Martin University president draws ire

Carmel’s play for the arts: Some fear it will come at Indianapolis’ expense

Living with feisty inflation

Forbes: Hamilton is top family county

Bloomington should store data, consultant says

VOICES FROM THE INDUSTRY: Logistics still driving central Indiana industrial market

ECONOMIC ANALYSIS: Why it’s tough to get our arms around global warming

A&E: Locals conjure up monthly magic

Developers vie for property by Central Library

Corley reflects on career as he prepares to retire