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GERALD BEPKO Commentary: Chicago World’s Fair is model for Indiana

Cities seem to progress in stages with moments of decline, growth, exceptional energy, and, at times, a sense of destiny. For many years, Indianapolis has been a city on the move, a little like Chicago in 1893 when it hosted a World’s Fair. Chicago sought to shed its frontiertown image and establish itself as a city of global consequence. It beat out New York, St. Louis and Washington, D.C., for the right to host the fair. In hosting it, Chicago…

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Special Report: MURKY MISSION: Vague directive dilutes 21st Century Fund’s high-tech impact

When directors of Indiana’s 21st Century Research and Technology Fund convened in May 2003, they’d already doled out $70 million in state grants over three years to fund h i g h – t e c h innovation a n d w e r e preparing to u n l e a s h another $60 million. But you wouldn’t know it after reading minutes from that meeting. They show a rollicking debate broke out over the 21st Century’s Fund’s…

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European firm plants local roots in patient technology: Company to start Indianapolis operation after test

A British company has picked Methodist Hospital and Indianapolis as the birthing ground for a new way to monitor patients using technology inspired by jet engines. Oxford BioSignals Ltd. hopes to roll out its BioSign technology by the end of this year, but the Rolls-Royce partner won’t leave the city after testing ends. The company also plans to start business operations here, much to the delight of those nurturing the life sciences industry. BioSignals will begin testing its BioSign product…

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Roche CEO search continues with no end in sight: Sudden departure of Madaus last October opened up broad search for successor

Roche Diagnostics Corp. is still searching for a CEO to lead its North American headquarters in Indianapolis, and the company has cast a wide net. Roche is searching “internally, locally, nationally and internationally” for the right executive to replace Martin D. Madaus, spokeswoman Doyia Turner said. Madaus, 45, left in October to become president and CEO of Millipore Corp. in Massachusetts, Turner said. The search is going well, she said, but the company has no time frame for completing it….

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Indiana IPOs break out of recent slump: Kite Realty, Republic Airways, Adesa among 5 state firms to test public waters

Hoosier-based companies registered five initial public offerings last year, a robust number considering not a single Indiana business went public in 2003. The uptick could signal the state’s economy, as well as the nation’s, is on the mend. Nationally, 233 companies raised $43 billion collectively to go public on the major U.S. stock exchanges in 2004, a 195-percent increase in the number of IPOs over 2003. And the performance could be even stronger this year, said Richard Peterson, a market…

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VIEWPOINT: We stand on the shoulders of black business giants

In a recent conversation with a family member regarding the lack of African-American businesses in the high technology, life sciences and larger manufacturing arenas, I began to wonder, “What are the barriers that prevent African-Americans from entering business? Are conditions worse now than in the past when we seemed to have greater representation in these areas?” Some will say it is the lack of access to capital. Some will point to the continued aura of racism and prejudice, while still…

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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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Purdue, IU out to bolster their life sciences futures: Both universities invest millions in biomedical pursuits Grants help growth ‘A new kind of engineer’

Whenever Indiana and Purdue universities get together on the hardwood or the debate arena, the rivalry is intense. But as various public and private players around the state put on a full-court press for Indiana’s life sciences future, the schools have teamed up like a dynamic backcourt duo. The Scientist, a biweekly publication delivered to 75,000 people worldwide, in November ranked Purdue No. 2 and Indiana No. 10 on a list of “Best Places to Work in Academia,” based on…

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Plan for psychiatric hospital revisited: Daniels team wants review of Larue Carter replacement

A plan to build a new state psychiatric hospital near the IUPUI campus might wind up back on the drawing board. The new administration of Gov. Mitch Daniels wants to take a hard look at the freshly minted proposal to build a replacement for Larue D. Carter Memorial Hospital off of 16th Street on the near-north side. The hospital currently occupies part of an old Veterans Affairs complex on Cold Spring Road. Last month, the state unveiled a plan to…

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GERALD BEPKO Commentary: State should help insurance industry grow

GERALD BEPKO Commentary State should help insurance industry grow Everyone seems to agree that state governments must facilitate job growth and wealth creation. As pioneers in publicprivate partnerships, Indiana’s leaders have envisioned a future for Indiana that includes many partnership economi c – d eve l o p m e n t strategies. One reflection of this vision is the Central Indiana Corporate Partnership-led focus on key sectors, such as advanced manufacturing, logistics and life sciences. The priority associated with…

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CHRIS KATTERJOHN Commentary: Avoid Florida-like snags on stadium

NAPLES, Fla.-As I entered the state of Florida yesterday, I remembered that just about a year ago I was at a meeting in South Miami where Florida Gov. Jeb Bush was holding court on economic development efforts. His pride and joy was a deal to bring the Scripps Research Institute to Palm Beach County on the state’s east coast. I wrote a column about it in our Feb. 9, 2004, issue. Bush and his team had lured the highly regarded…

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