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 tech community.
Importantly, it is part of an emerging narrative, in particular about the Indy region, that I’m hearing both on and off-camera. Chicago-based Geofeedia opened an Indy office, in part because of what Vice President of Product R.J. Talyor calls the ‘tech vibe’ in central Indiana.
New York-based Return Path Chief Marketing Officer Scott Roth says he’s ‘blown away’ by the tech talent in the Indy region. The New York-based company, which opened an office here in January, is now at 40 employees, with plans to be ‘north of 100’ in the next couple of years.
Speaking of tech growth…the Purdue Research Foundation and its research park network continue to expand.
Look for the latest addition to the Purdue Research Park family, the Aerospace District, to announce its first major tenant soon. “We’ve tapped the keg, the music is on, now it’s who’s coming to the party,” laughs Purdue Research Foundation President Dan Hasler. “We’ve had a lot of good activity, it’s been a couple of months, and I hope to have an announcement sometime very soon.”
Hasler and his team at Purdue have been on a roll. He recently announced a $12 million, 60,000 square-foot expansion of the Herman and Heddy Kurz Technology Center in West Lafayette, which he says has been ‘bursting at the seams’ for several years. He tells me space issues at the Purdue Research Park in New Albany will likely result in an expansion there as well.
In July, Purdue reported record-breaking commercialization activity, including 40 startups, with more than half of them based on Purdue-licensed intellectual property. The university also reported healthy increases in global and U.S. patents issued, invention disclosures and licensing deals.
Congrats, Indiana State University. The Terre Haute campus recently reported its sixth consecutive record freshman enrollment and all-time record total enrollment of 13,600. The previous enrollment mark was set in 1970.
And more is changing at ISU than enrollment numbers.
The campus has become markedly more attractive, the school’s academic mission more focused and there is an intentional effort to connect with the community.
The university recently opened a $22.7 million student housing complex in the heart of downtown Terre Haute. In 2012, the historic former Terre Haute Post Office and Federal Building became home to the ISU Scott College of Business, following a $30 million renovation.
What’s driving the positive news at ISU?
Since arriving at ISU in 2008, President Dan Bradley and wife Cheri have been a breath of fresh air for a school that needed a boost of self-confidence.
Momentum at ISU is important for the Wabash Valley. So, too, is continued business and community leadership from people like Clabber Girl, Inc. President Gary Morris, Greg Gibson and Bob Baesler, to name a few.
Here’s hoping the positive winds of change, and collaboration, continue to gain speed in Terre Haute.
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...
Most Popular Stories
Apartment Building Development Coming to Rushville
A Knightstown company has announced plans to build four new apartment buildings in a $5.25 million development in Rushville. Villa Buildings will be built by KDC Investments, Inc on West 16th Street in Rushville.
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...
New Standard Deduction: Do you still Itemize?
After years of itemizing deductions, many taxpayers will be taking the new larger standard deduction on their 2018 tax return. This may be a welcome change for some. But for others, it may be time to rethink the strategy for expenses that were deductible. The Tax Cuts and Jobs Act (TCJA) that passed in December 2017 increased the standard deduction effective for tax years beginning in 2018. By increasing the standard deduction, a taxpayer’s taxable income is...
Indy Eleven Rallies For State Stadium Support
Indy Eleven leadership, players and fans Thursday rallied at the Statehouse for support of a measure creating a public-private partnership to help fund a $150 million soccer stadium. Lawmakers are considering a measure that would allow the team to work with city leaders for two years on development plans for the venue, which would be funded by developer-backed bonds. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, team owner Ersal Ozdemir said the...