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."...
Revenue Forecast Shapes State Spending – And Surplus - Negotiations
This week, the State Budget Committee heard an updated revenue forecast that could best be described as overcast but not stormy – yet. Sales taxes, the largest source of state revenue, fared well from the December forecast – down a modest $15 million over the 2020-21 budget (and likely to be buoyed by new policies for online hotel and retail sales taxes moving through the legislature). Individual income taxes showed a more dramatic decline, continuing a...
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Hoosier Companies Among 'America’s Best Employers'
Forbes has released its list of America’s Best Employers for 2019. The Hoosier state was represented on the list by 12 companies, including Eli Lilly and Co., Cook Medical and NiSource among others.
Tech Vets Purchase Popular Indy Nightclub
A group of Indianapolis tech entrepreneurs has bought a popular nightclub in the city's Broad Ripple neighborhood. High Alpha co-founder Eric Tobias and former MOBI executives Scott Kraege and Andrew Davis say they will retain the Vogue's current staff to manage the venue's day-to-day operations. The new owners say they will detail plans to reinvigorate the Vogue through enhanced fan experience and engagement in the coming months. Tobias, Kraege and Davis purchased the Vogue...
Fishers Test Kitchen Looking For Applicants
The city of Fishers has begun searching for chefs to take part in the first cohort at the Fishers Test Kitchen restaurant accelerator. Three participants will be selected for the accelerator, which aims to provide a space for them to grow, try new concepts and ultimately open their own restaurants. The accelerator, which the city says will be the first of its kind in the state, will open this fall inside the Sun King Brewing location in The Yard at Fishers District.
$9 Million Microscope to be Installed at Purdue
Purdue University, the Indiana University School of Medicine, IU Bloomington, the University of Illinois at Urbana-Champaign, Eli Lilly and Co. and the Indiana Biosciences Research Institute have collaborated to bring the latest version of a cryo-electron microscope to Indiana. The nearly $9 million machine will be housed in Purdue's Discovery Park.
Becknell Industrial Planning $20M Project
Carmel-based real estate firm Becknell Industrial is planning to invest nearly $20 million in a speculative facility in Merrillville. Our partners at The Times of Northwest Indiana report the move comes after the company found a tenant for another property it has in the Lake County city. The publication reports Becknell has an industrial building to the north of the new proposed site. That property is now being leased by Schilli Distribution. Becknell received a 10-year...