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."...
Circling Back on WeWork
Back in July when we first discussed WeWork, this fast-growing but money-losing venture was one of the most talked-about IPOs in years. At that time, we noted that it was too early to say what would happen, but “it should be very interesting to watch it all play out.” Turns out, that was a massive understatement!
Most Popular Stories
Ruoff to Build New HQ in Downtown Fort Wayne
Fort Wayne-based Ruoff Home Mortgage has announced plans to build a $43 million corporate headquarters in downtown Fort Wayne. Plans call for a 110-thousand square foot, nine-story structure, at the corner of Ewing Street and Jefferson Boulevard. The building would include leasable office and retail space, as well as a parking garage. It would overlook Parkview Field, home of the Fort Wayne Tin Caps minor league baseball team. The company is currently located on...
India Wants to Partner with Indiana on Sports
Indiana Secretary of Commerce Jim Schellinger says a recent trade trip to India included a rare meeting that produced some interesting results. Schellinger and Governor Eric Holcomb were granted an audience with Indian Prime Minister Narendra Modi. “We were taken aback at how well he knew Indiana,” said Schellinger. “He knew our (economic) background, our educational background, our history of sports statewide,” said Schellinger, who added...
MutualBank President Dies
The President and Chief Operating Officer of Muncie-based MutalBank Pat Botts has died. In a statement on Facebook posted Sunday, the company said the passing was unexpected.
Hoosier Banks Rated for Work Environment
Three Indiana banks have been judged as Best Banks to Work for in the U.S. by American Banker. The publication compiled a list of the top 85 banks in the country having a good work environment and strong, engaging leadership.
Greenwood Amazon Building Gets New Owner
New Jersey-based Monmouth Real Estate Investment Corp. (NYSE: MNR) is acquiring a property in Greenwood. The company says it is purchasing the nearly 616,000-square-foot industrial building for $81.5 million and will lease the space in a 15-year agreement to Amazon.com Services Inc.