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."...
Unmasking Accounting Data: Moving from Reporting to Being Strategic
What story do our financial statements tell us this month and year, to date? This was the question that was always directed at us by a former manager. He believed that financial statements tell the story of how a business is run and the direction it’s going. Most businesses publish their profit and loss statements, and balance sheets every month. These are the standard reports included in most reporting packages. Usually, the management tends to believe...
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CIB, Visit Indy Present Case For Convention Center Expansion
The Senate Appropriations Committee heard testimony Thursday on a bill that would fund the expansion of the Indiana Convention Center and the addition of two new hotels in downtown Indianapolis. The city’s Capital Improvement Board unveiled plans for the $120 million effort in October. CIB President Melina Kennedy says the city’s biggest conventions have said an expanded convention center and more hotel space were significant factors in their decisions to stay in Indy.
Report: Payless to Close All U.S. Stores
Kansas-based Payless ShoeSource Inc. (NYSE: PSS) plans to close all of its U.S. stores as part of a bankruptcy filing later this month, according to a report from Reuters. The discount retailer has dozens of locations throughout Indiana. The business news organization reports Payless will close about 2,300 stores as it files for bankruptcy for the second time in two years. The company previously filed in 2017. Reuters says Payless has not been able to find a buyer, and...
Emplify Celebrates Record Growth
Fishers-based Emplify is touting a record year of sales and hiring growth in 2018. The company, which focuses on employee engagement measurement software, secured $7.5 million in growth investment and says it saw a 156 percent increase in sales last year.
The Mystery of Cancer in Firefighters: Two Indiana Researchers Uncover Clues
There’s a lot of conjecture about cancer in the world of firefighting, but a crescendo of anecdotal—and scientific—evidence is driving two Indiana researchers to search for answers.
BraunAbility Moving Global HQ to Carmel
A manufacturer of wheelchair vehicles and wheelchair lifts in Pulaski County has announced plans to relocate its global headquarters to Carmel. BraunAbility says it will invest $7.5 million to move its HQ to the Lakeside Green Business Center and construct a new Research & Development and Technology Center. The Indiana Economic Development Corp. says the move will create up to 70 jobs in Hamilton County. The company says the investment will also boost its existing...