INSIDE INDIANA BUSINESS: Fight to repeal device tax rolls on

2013-10-17T12:19:00Z 2013-10-17T19:27:26Z INSIDE INDIANA BUSINESS: Fight to repeal device tax rolls onGerry Dick Inside Indiana Business nwitimes.com
October 17, 2013 12:19 pm  • 

The chairman of Bloomington-based Cook Group Inc. says the fight to repeal a federal medical device tax will continue. The 2.3 percent tax went into effect earlier this year as part of the Affordable Care Act and was not included in the package that ended the partial government shutdown. Steve Ferguson says the tax will continue to force the industry to look overseas for growth opportunities.

 

Indiana Tech Companies Continue to Shine

The head of the state's technology initiative believes Oracle Corp.'s (NYSE: ORCL) acquisition of Indianapolis-based Compendium is "great validation" of Indiana's strong presence in the marketing technology space. TechPoint Chief Executive Officer Mike Langellier says today's deal and the recent purchase of ExactTarget by Salesforce.com Inc. (NYSE: CRM) are part a trend of bigger players acquiring experience, products and talent in a technological growth area. Langellier says the deal is another sign that Indiana's marketing tech focus is paying off.

 

AT&T Names Indiana President

A native Hoosier has been named president of AT&T Indiana. Bill Soards has been with the company for 14 years and currently serves as president of AT&T's Colorado operations. The Butler University graduate is a former member of the Indianapolis City-County Council and Boone County Council.

 

Global Firms to Manage Key Indiana Funds

Two major Indiana venture capital funds are under new management. Washington D.C.-based The Carlyle Group LP (Nasdaq: CG) and AlpInvest Partners B.V. have set up a joint office in Indianapolis to manage the Indiana Future Fund and the INext Program.

 

Indiana Schools Make 'Best Colleges' List

Four universities in the state are on a national publication's ranking of the top 200 colleges in the nation. The Daily Beast's "Down + Dirty Guide to The Best Colleges" examined data from nearly 2,000 institutions.

 

Manufacturer Looks to Fill 50 Positions

An automotive parts manufacturer in northeast Indiana will host a job fair this weekend in Ligonier. Tenneco Inc. says the 50 available openings include operating, welding and material handling positions.

 

Indy Announces Federal Grant Recipients

The city of Indianapolis has announced how nearly $2.5 million in federal grants will be distributed. The funding will support more than 30 local organizations combating issues including unemployment, homelessness and domestic violence.

 

Crane Region Alliance Joins Radius Indiana

South central Indiana's eight-county partnership has added another key organization. Radius Indiana will assume functions of the Crane Region Alliance, including communications and business collaborations.

 

Lutheran to Open Pediatric ER

Lutheran Children's Hospital in Fort Wayne will open next week what it describes as the region's only pediatric emergency room. The $2.4 million project includes private exam rooms, nursing stations and amenities such as DVD players and video games.

 

Rose-Hulman Announces Faculty Dean

Rose-Hulman Institute of Technology has named Rick Stamper dean of faculty. He has served in the role on an interim basis since last year and previously formed a small medical device company.

 

Bluffton Site Deemed 'Shovel-Ready'

The Indiana Office of Community and Rural Affairs has declared 135 acres in Wells County Shovel-Ready. The designation is for the 135-acre Bluffton-Decker Industrial Site.

 

Steel Dynamics Posts Big Profit Increase

Fort Wayne-based Steel Dynamics Inc. is reporting third quarter net income of $57 million, compared to $13 million for the same period a year earlier. The company says stronger steel sheet pricing and an increase in overall shipments helped boost the bottom line.

 

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

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