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ECONOMIC ANALYSIS: Michigan’s job pain is felt throughout the Midwest

At the end of last year, the unemployment rate in Michigan was 7.3 percent. That was more than 2 percentage points higher than Indiana’s. No state in the country had a higher jobless rate. That’s not a big story in the Hoosier State. We have our own economic challenges, after all. But perhaps we should be paying a bit more attention. We’re not exactly immune to the forces that are dealing such harsh blows to the Michigan economy right now….

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Art screens proliferating: Simon’s Landmark multiplex to threaten tiny Key Cinemas

When Simon Property Group Inc. and Landmark Theatres open their art multiplex in December, it’ll boast seven movie screens, stadium seating and a full bar, all under the Fashion Mall’s roof. The local art film crowd is palpably excited that the edgy indies, daring documentaries and foreign films usually found in New York or Los Angeles will be just a stone’s throw from their favorite stores and restaurants. Those films already are shown at Key Cinemas on the south side….

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VOICES FROM THE INDUSTRY: Learning the basic categories of investment real estate Property type New development or existing Risk of landlord responsibilities

Baby boomers, the wealthiest generation in the history of our country, are getting richer. Much has been written about the extraordinary transfer of wealth that will take place as the boomers take over the estates of their parents. As their assets grow, many are get ting more directly involved in the management of their money. Rather than sending all their cash to Wall Street or their bank, an increasing number of investors are allocating a portion of their portfolio to…

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EYE ON THE PIE: Focus on expenses, not revenue, in state budget

In fewer than 700 words, I’m going to tell the story of how we finance government in Indiana. It’s my belated valentine to the Indiana General Assembly. The data are for 2001-2002, but things don’t change much from year to year. Indiana governments had revenue of $34.2 billion in fiscal 2002. But forget about separating state and local government finances. It’s a fraudulent idea to talk about local taxes vs. state taxes. The two are totally intertwined. Localities can do…

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Mission: possible: Financial crisis averted, but work remains

Humane Society of Indianapolis saved itself in 2004. Poised on the brink of financial disaster, agency leaders came up with a deceptively simple recovery plan: Spend less, raise more and borrow some to make up the difference. So far, so good. Expenses last year came in about a half-percent under budget, fund-raising revenue was up 37 percent, and the shelter didn’t use as much credit as expected. Then there was the real victory-nearly 53 percent of the 8,985 animals that…

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TAWN PARENT Commentary: Playing a game I may not want to win

I’m playing the lottery. But even if I win, I might lose. The stakes are high. It’s a lottery that will have a major impact on my family for the next decade. But this lottery isn’t about money. It’s about education. It’s the Indianapolis Public Schools magnet school lottery. Families submit their choices in the fall, and by the first of March they find out if they have won the right to attend any of their favorite schools. But there’s…

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Funding a chance at success: Bowens have helped 300 find career hope

Sharon Townsel is old enough to be Kori Buford’s mother. But despite the age difference, the women share a common bond: They’re both scholarship recipients of the Bowen Foundation. Robert and Terry Bowen launched the not-for-profit a decade ago and since have doled out $600,000 of their own money to nearly 300 black recipients who want to better their lives. By helping them learn a skill or trade, the object of the foundation is to assist those who need the…

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SUSAN WILLIAMS Commentary: Don’t overlook Benjamin Harrison Home

SUSAN WILLIAMS Commentary Don’t overlook Benjamin Harrison Home Here’s a thought: Celebrate President’s Day (Feb. 21) at the President Benjamin Harrison Home. Let re-enactors take you back to the era of the only president elected from Indiana. Benjamin Harrison built his three-story Italianate Victorian home at 1230 N. Delaware St. in 1875 and lived there until his death in 1901, with a four-year interruption when he moved to Washington, D.C., to serve as the 23rd president of the United States….

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New La Plaza says adios to independent NFP operations: Three groups uniting to serve Hispanic community

It took several years and a couple of gentle nudges in the direction of progress, but a streamlined support system for local Latinos is finally taking shape. Three Indianapolis not-for-profit agencies are giving up their own identities-and autonomy-to populate La Plaza Inc., an organization that aims to position itself as the place for the burgeoning Hispanic community to look for help. “When you have three or four groups working with minimal budgets and overlapping services, it can get confusing,” said…

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Portal plan targets humanities teachers: Technology offers access to data, lesson-planning

The Indiana Humanities Council wants to open a new doorway for teachers around the state. IHC has begun testing a trial version of an education-portal program called Smart-Desktop at six central Indiana schools, including three from IPS. The goal of the program is to help teachers teach traditional humanities subjects such as history, social science and literature more efficiently and effectively, said John Keller, teacher-designer and coordinator of K-12 development for the Smart-Desktop initiative. Starting Feb. 1, more than 30…

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SPORTS: A model sports program in our own back yard

The leaders of the NCAA, including President Myles Brand, have a grand vision. They want to see student-athletes who arrive on campus prepared for the rigors of higher academia and who depart in a timely manner with meaningful degrees. They want to see quality coaching and success on the field of play, including the opportunity for those student-athletes to compete on a national level. They want to see the athletic department guided by the academic mission of the institution and…

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JOHN KETZENBERGER Commentary: A line on city’s stadium plan

Don’t bet on gambling revenue as the source of money that nearly doubles the size of the Indiana Convention Center and builds a new stadium just across the railroad tracks. The smart money rides on the notion Sen. Luke Kenley, R-Noblesville, will take up Mayor Bart Peterson’s invitation to find another source of revenue to back the bonds for the $900 million project. The chairman of the newly created Senate Tax and Fiscal Policy Committee isn’t being coy by revealing…

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Cancer plan enters action phase: State health initiative unveils multi-pronged strategy to take on deadly disease

But Dr. Greg Wilson, the department’s commissioner who stepped down Jan. 25 due to the change in administrations, realizes it’s going to take more than money to snuff out unhealthful habits, such as smoking. “Three-hundred-thousand dollars will not cure cancer in Indiana,” Wilson said. “We really have to utilize the private sec- tor and we really have to involve all the participants.” Those participants include 110 organizations that make up the Indiana Cancer Consortium, an effort initiated in 2001 to…

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Advocacy office leader will keep job with state: Daniels administration retains Kernan appointee, who took new position in July

Amid all the resignations and terminations in state government recently, at least one holdover appointed by the previous administration is remaining on the job. And small-business advocates could not be more pleased. David Dorff, whom former Gov. Joe Kernan tabbed in July to lead the state’s new Office of Small Business Advocacy, received word from Gov. Mitch Daniels in early January that he would remain on staff. Kernan unveiled the agency last summer as part of a series of initiatives…

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VIEWPOINT: Lack of basic skills hurts competitiveness

Which came first, the chicken or the egg? There is a businesseducation slant to the age-old argument. The business community contends that the state’s colleges and universities are not producing enough graduates to meet their needs. Highereducation advocates, on the other hand, say the qualified graduates are in place, but a lack of jobs within Indiana sends them packing to other states. We’ll leave that argument for another day. There is another major workplacepreparedness issue, however, that is rightfully drawing…

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Sale of parent company brings local agency growth: Roman Brand nets record billings year after buyout

Fourteen months after parting from Bates USA, Roman Brand Group is growing quickly. With its new name and a pledge from its new parent company to give the local firm more control, the advertising agency increased revenue 15 percent and added 17 new clients in 2004. Roman Brand CEO Dan Roman projects similar growth in 2005 as a wholly owned subsidiary of London-based WPP Group and its U.S. advertising agency J. Walter Thompson. WPP Group bought Bates’ former parent company,…

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Incubator shakeup puts prez under fire: Rose-Hulman Ventures in turmoil after resignations

But outside his camp, others at Rose-Hulman are calling for Midgley’s scalp. They fear the man who replaced Samuel Hulbert in July is another George Armstrong Custer. A pair of sudden resignations at nationally renowned business incubator Rose-Hulman Ventures provoked the skirmish that now threatens to become an all-out assault on Midgley’s leadership. “We cannot trust him,” said a Rose-Hulman dean who spoke on condition of anonymity. “This is by far not the only time I have felt this way,…

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STATEHOUSE DISPATCH: Daniels needs Dem. votes to pass budget measure

Lawmakers were treated Jan. 18 to what Hoosiers have quickly become accustomed to seeing from the new governor: a well-conceived strategy perfectly executed. Gov. Mitch Daniels, a Republican, delivered a compelling State of the State address, reminding the audience at the Statehouse-and in living rooms in all 92 counties-of the marching orders they gave him in November. He detailed the daunting but not insurmountable short-term problems Indiana faces, and outlined how bright he believes the future can be in just…

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ECONOMIC ANALYSIS: Understanding factors in public-sector job growth

There is nothing like a war and a recession to increase the size of government payrolls. Yet the hiring behavior of the public sector in the last four years has been unusual, when compared with previous recessions. The data tell us much of the growth in recent years has come from state and local governments. But they do not tell us why. There has been much stronger job growth in the public sector than in the private sector in the…

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Outlook is good for entrepreneurs:

Could 2005 be the tipping point for Indiana to become the center for entrepreneurship in the world? That is a pretty bold statement, considering Indiana’s poor track record. As executive director for Entrepreneur’s Alliance of Indiana, I talk with many entrepreneurs that are excited about the direction Indiana is headed. We have in place a strong educational component with several universities ded icated to research and development and the incubation of new ideas. Geographically we have always had an advantage,…

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