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."...
How Managers Can Keep Millennials Happy
There are more than 56 million Millennials either actively participating in the workforce, or searching for a job. With a number like this, it’s no surprise that Millennials have taken the workplace by storm. But what is surprising is how different this generation is from their predecessors. They rely heavily on technology and prefer to communicate via text or email rather than a traditional phone call. Managing millennial employees can be a challenge — how can executives...
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$25M Behavioral Hospital Coming to Central Indiana
Danville-based Hendricks Regional Health is partnering with US HealthVest to develop a stand-alone behavioral center on the Hendricks campus in Plainfield. Known as the Indianapolis Behavioral Hospital, the facility will provide specialized inpatient and outpatient mental health care to patients of all ages.
How Managers Can Keep Millennials Happy
Christel DeHaan to Retire as Christel House CEO
One of the biggest names in philanthropy in Indiana is announcing her retirement. Christel House International Chief Executive Officer Christel DeHaan will remain board chair, but leave as CEO of the nonprofit she founded 20 years ago. The organization has named former Indianapolis Mayor Bart Peterson to be her successor. CHI's mission is to lift children out of poverty, and it has established learning centers at home in Indianapolis and abroad in Mexico, India, South Africa and...
Sturges, CBRE Splitting Up
A long-time commercial real estate firm in Fort Wayne is going independent. CBRE | Sturges, which became affiliated with the global brand more than 20 years ago, will become Sturges Property Group at the end of this month. The firm was founded in 1975 and bills itself as largest full-service commercial and industrial real estate firm in the region. The shift, Sturges says, will...
Endocyte, Novartis Ink $2.1B Merger Agreement
West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) has announced a merger agreement with a global pharmaceutical giant. The deal with Switzerland-based Novartis AG is valued at $2.1 billion and still requires shareholder approval. Until regulatory and other approvals are met, Endocyte will remain independent. The proposed merger of Endocyte into Novartis is slated to be complete in the first half of next year. Endocyte develops targeted cancer therapies and earlier this...