Avoiding Accidental Franchise Pitfalls
Most people think they know a “franchise” when they see one—McDonald’s, Subway, 7-Eleven, Anytime Fitness, to name a few. However, there are some franchise relationships that are not so obvious. Many business relationships, including those in manufacturing and distribution, could easily become “accidental” franchises if companies are not careful.
Tech Momentum Continues in Indiana
The hits keep coming for Indiana’s growing tech sector. The announcement that San Francisco-based Appirio has designated Indianapolis as its corporate headquarters is the latest in a string of positive news for the sector.The cloud services company says its goal is to add more than 420 employees in Indy over the next five years. In a text exchange, High Alpha Managing Director and ExactTarget co-founder Scott Dorsey told me it is “enormous validation” for the Indy tec...
Good Employment Numbers, But We've Got Issues
Hoosiers should be celebrating recently-released employment numbers that show private sector employment in the state is at an all-time high, more than 2,200 jobs higher than the previous peak in March 2000. The Indiana Department of Workforce Development says unemployment in July dipped to 4.7%, its lowest level since November 2007. And, unlike neighboring states like Illinois, Indiana’s labor force is expanding, the state adding 10,000 individuals last month. Good stu...
Hot Air Blowing in From the West…Along With More Jobs
You’ve got to hand it to Illinois Governor Bruce Rauner. In April, the first term Republican generated headlines and raised the ire of Hoosiers when he vowed to “rip the economic guts” out of Indiana. Rauner’s rant was prompted by high profile efforts by the Indiana Economic Development Corporation to lure companies from The Land of Lincoln with advertising campaigns including "Illinoyed" and "Stillinoyed."...
Creating a Customer-Centric Marketing Strategy For Your Healthcare Business
Obtaining and retaining customers is critical, especially in highly competitive markets like the healthcare industry. But, differentiating your organization with an exceptional customer experience can help you stay ahead in the $3.4 trillion industry. According to McKinsey, 70 percent of buying experiences are based on how the customer feels they’re being treated. Now more than ever the customer’s satisfaction needs to be at the top of focus for companies looking to...
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Infosys Picks Indy For Training Center, 1K Additional Jobs
Inside INdiana Business has learned that India-based tech giant Infosys (NYSE: INFY) will house a USA Training Center at the old Indianapolis International Airport site. The plans involve 1,000 new jobs, on top of the company's previous commitment of 2,000 new jobs as part of its downtown technology and innovation hub. Vice President Mike Pence will join Governor Eric Holcomb and others for the official announcement Thursday in Indianapolis.
Manufacturer Adding Production in Daviess County
Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.
'Supercar' Assembly Operation Planned For Purdue
The England-based manufacturer of a car billed as the fastest street-legal vehicle on the road has selected the Discovery Park District at Purdue University for a showroom and assembly facility. Keating Supercars LLC will produce its first model to be sold in the U.S., the Viperia Berus coupe, which is capable of reaching speeds greater than 230 miles-per-hour. The company is slated to cut the ribbon on the showroom late next month and eventually ramp up production at Purdue to...
What Does Vectren Merger Mean?
A utility industry observer says he does not think the planned $6 billion merger of Evansville-based Vectren Corp. (NYSE: VVC) and CenterPoint Energy Inc. (NYSE: CNP) will have a major impact in Indiana. Doug Gotham, who serves as director of the State Utility Forecasting Group at Purdue University, also says he is not aware of any recent mergers that have been shut down by Federal Energy Regulatory Commission, a key hurdle that remains to be cleared. CenterPoint says plans...
New Name, First Contract For Defense Tech-Focused Institute
Indiana Innovation Institute, formerly known as the Applied Research Institute, is kicking off a rebranding with the announcement of its first contract. The $2.3 million trusted microelectronics collaboration with Purdue University also includes researchers and personnel from the Crane Naval Surface Warfare Center, Indiana University and the University of Notre Dame. The work involves rapid development of counterfeit-resistant technology that is immune to global attacks.