IIB WEEK IN REVIEW: Ivy Tech still considering cuts

2013-06-07T13:59:00Z 2013-06-07T16:05:06Z IIB WEEK IN REVIEW: Ivy Tech still considering cutsGerry Dick Inside Indiana Business Week in Review nwitimes.com

An administrator at Ivy Tech Community College says merging additional regions and closing teaching sites are still possibilities, but no decisions are imminent. Senior Vice President for Engagement and Institutional Efficiency Jeff Terp says trustees are examining more than 40 leased sites throughout the state to see if it makes fiscal sense to continue operating them. The school is looking to address an estimated $68 million deficit. Terp tells Inside INdiana Business about other efficiencies the school is implementing.

 

ExactTarget's Dorsey: 'Historic Day' For Tech Community

The blockbuster acquisition of Indianapolis-based ExactTarget Inc. (NYSE: ET) by technology giant Salesforce.com Inc. (NYSE: CRM) should serve as inspiration for entrepreneurs throughout Indiana. That's the take of ExactTarget Chief Executive Officer Scott Dorsey, who believes the nearly $2.5 billion deal is an "enormous validation" of his company's approach and commitment to central Indiana. He says it has been an "incredible journey" since the company was launched roughly 12 years ago.

 

Hoosier Restaurants on 'Family-Friendly' List

Three Indianapolis restaurants are included on a national dining website's list of the top 100 most popular family-friendly restaurants. The spots were chosen by Urbanspoon based on positive reviews on atmosphere and diverse menu options from critics, food bloggers and customers. B's Po Boy, La Chinita Poblana and Punch Burger are all on the list.

 

Indy International Outlines Parking Changes

Indianapolis International Airport officials have announced parking policy revisions at the terminal. They include promotional garage parking options, improved shuttle service and a flat fee for all surface lot parking.

 

Wabash National Shuffles Executive Roles

Lafayette-based Wabash National Corp. has announced several senior leadership changes. The positions include senior vice presidents, acting chief financial officer and treasurer.

 

Vera Bradley CEO Stepping Down

The chief executive officer of Fort Wayne-based Vera Bradley Inc. (Nasdaq: VRA) has announced plans to retire from the company. Mike Ray says he will remain with the bag and accessory maker as it searches for a successor.

 

Auburn Auction to be Nationally Televised

A major car auction in DeKalb County will receive national cable television coverage. Auctions America's Auburn Fall sale will be covered live on the NBC Sports Network, which reaches more than 80 million homes. The northeast Indiana event will run August 29 - 31.

 

Gas Prices Prompt More Complaints

The Indiana Attorney General's office says it has received 80 gas price-related complaints so far this month, compared to 15 in all of May. The office says Indiana currently has the fourth-highest gas prices in the nation, due in part to disruptions at seven of the Midwest's 10 largest refineries.

 

Old GM Plant to be Torn Down

The former General Motors stamping plant in Indianapolis will be demolished. The RACER Trust, which handles redevelopment of the automaker's former properties, says the buildings on the more than 100 acres are obsolete and "a barrier" to efforts to secure new investment. The organization expects the dismantling to begin in late summer or early fall. RACER has been trying to sell the former GM property since March 2011. Redevelopment Director Bruce Rasher says the property's location is its most valuable asset.

 

USI Continues Commercialization Program

The University of Southern Indiana has begun its second Technology Commercialization Academy. The program, which launched last year, involves teams of business and engineering students creating commercialization plans for patents from the Crane Naval Surface Warfare Center. This year, students have used radio intelligence technology to develop products tracking data ranging from warehouse inventory to amusement park wait times. Instructor of Business Bryan Bourdeau says the program aims to attract new business to the state.

 

'Micro-Roastery' Gaining Momentum in Bedford

A southern Indiana coffee company has attracted the attention of Hoosier businesses as well as Governor Mike Pence. Bedford-based Stone Cutter Café & Roastery creates private-label blends for businesses and organizations. Co-owners Laura Anderson and Ruth DeWell say they got into the artisan coffee business because of the potential to market to companies around the world. During and interview on Inside INdiana Business Television, Anderson said one of the reasons she wanted to set up shop in the southern Indiana community was because "Bedford needed something," and she wanted to contribute.

 

Toyota Topping Job Creation Expectations

Toyota Motor Manufacturing Indiana Inc. says it will top the projected job creation numbers it announced in 2012 as part of a $400 million investment. The company says it will have hired 446 workers by the end of July, 46 more than planned when the expansion was announced. Toyota says strong sales for the current model Highlander and high anticipated demand for the next generation have made the additional staff necessary. Vice President of Manufacturing Susan Elkington tells Inside INdiana Business the expansion is allowing the plant's products to reach new markets.

 

Engineering Firm Growing in Northwest Indiana

Portage-based Falk PLI Engineering & Surveying Inc. has announced plans to expand its headquarters and create up to 34 jobs by 2016. The company says a new facility will allow it to offer services to the power generation industry.

 

Miller Pipeline Adding Jobs in Indianapolis

Indianapolis-based Miller Pipeline LLC says it will invest more than $5 million to build and equip a new facility in the city. The company says the move will result in nearly 50 new jobs by 2016.

 

For more Inside Indiana Business, visit www.insideindianabusiness.com

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