INSIDE INDIANA BUSINESS: NIPSCO parent makes Fortune 500 list

2013-05-07T12:20:00Z 2013-05-07T16:14:04Z INSIDE INDIANA BUSINESS: NIPSCO parent makes Fortune 500 listGerry Dick Inside Indiana Business nwitimes.com
May 07, 2013 12:20 pm  • 

Six Indiana companies are on this year's Fortune 500 list, including Merrillville-based NiSource at No. 480. Indianapolis-based WellPoint Inc. is the highest-ranked Indiana company, with other employers from Indianapolis, Fort Wayne, and Columbus making this year's list.

 

CEO says state could be global digital health player

The chief executive officer of a new high-tech accelerator believes Indiana could be poised to blow the rest of the country "out of the water" in the evolving digital health care sector. Kristin Eilenberg says the state possesses "phenomenal" assets, but currently lacks a system to bring them all together to capitalize on global opportunities. She expects the first INFUSE Accelerator LLC class to be on board early next year. Eilenberg is looking to partner with a variety of companies, including some not directly involved with digital health care.

 

Pence to Sign Economic Development Transparency Bill

Gov. Mike Pence will sign economic development transparency legislation into law this afternoon. The bill is supported by the Indiana Economic Development Corp. and will require the organization to disclose more information about businesses receiving state incentives.

 

Braly, Schellinger, Johnson Appointed to IEDC Board

Three prominent business leaders have been named to the board of the Indiana Economic Development Corp. Governor Mike Pence has appointed a former president of WellPoint Inc. (NYSE: WLP), the CEO of CSO Architects and head of Johnson Ventures Inc. to the panel.

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Hoosier Candy Hits the Big Time

It's a big day for an emerging Indiana candy business. Joan's Caramels LLC in Bloomington is supplying treats for more than 900 "swag bags" for tonight's Sports Emmy Awards in New York City. During an appearance on Inside INdiana Business Television, owner Joan Fischer said she hopes the national exposure will help boost her online business.

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'Enterprising States' Study: Mixed Bag For Indiana

A study commissioned by the U.S. Chamber of Commerce suggests Indiana lags other states in areas including entrepreneurship and innovation. The 2013 "Enterprising States" report contains some positive news for Indiana. It shows the state ranks in the top 15 for exports and infrastructure.

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Whitley County Companies Expanding

Two Whitley County companies have announced growth plans. The Whitley County Economic Development Corp. says expansions by Larwill-based Red Star Manufacturing Inc. and ChromaSource in Columbia City will create approximately one dozen jobs.

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Honors Continue For Lugar

Richard Lugar will be recognized tonight during an event at the Indiana State Museum. The former senator will also receive a significant honor this week from the Federal Republic of Germany.

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INDOT Awards Contract to Goshen Company

Goshen-based Rieth-Riley Construction Co. Inc. has landed a $10 million road construction contract. The work includes realigning two streets, building new access roads and relocating utilities in Hamilton County.

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IUPUI Touts STEM Success

IUPUI says an initiative to increase graduation rates of students in science, technology, engineering and mathematics programs is paying off. The school says the effort, supported by a $2 million National Science Foundation grant, has resulted in a 25 percent increase in graduates over the last three years.

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Fort Wayne Lines Up National Conventions

Fort Wayne is poised for what could be its biggest year ever for national conventions, meetings and sporting events. Visit Fort Wayne says more than 20 national events will take place in the Allen County city this year.

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Interactive Intelligence Notches Higher Profit

Indianapolis-based Interactive Intelligence Group Inc. (Nasdaq: ININ) is reporting first quarter net income of $1.5 million, compared to $189,000 during the same period a year earlier. Chief Executive Officer Donald Brown says orders greater than $250,000 doubled year-over-year.

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INside Edge Stories

All stories posted on the INside Edge can be found on www.insideindianabusiness.com.

Edited by: Wayne Pratt, Andy Ober and Dan McGowan

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PERSPECTIVES

Much of What You 'Know' About U.S. Energy Policy is Wrong

By: Peter Grossman - Clarence Efroymson Professor of Economics, Butler University

Almost everything we've been told about U.S. energy policy is wrong: wrong in its premises, wrong in its methods and wrong in its goals.

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STOCKS

Market Indexes at 12:05

Dow: 14,826.03 (+7.50)

Nasdaq: 3,324.52 (+17.50)

S & P: 1,595.92 (+2.31)

Oil: 93.59 (-0.91)

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TV: Next on 'Inside INdiana Business With Gerry Dick'

The Weekend of May 10

Notre Dame researchers say they have developed technology that can detect a concussion immediately after it happens - just by using a tablet or mobile device. Details on the next Inside INdiana Business. Tune-in Friday at 7:30 p.m. on WFYI 1, 10 p.m. on WFYI 3 and Sunday at 11 a.m. on WTHR Ch. 13 in Indianapolis. Check local listings for other times around the state.

Broadcast Listings

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News From WTHR, Indiana's News Leader

• Missing Cleveland Women Found Alive, Three Men Arrested

• Hamilton County Votes on Referenda Today

• Friends, Community Gather to Remember Marion Student

• Backyard 'Drones' Raise Privacy Questions

Looking at Common Core And Campus Impacts

As Common Core academic standards move forward in nearly all states, Inside Higher Ed reports that colleges and universities need to become engaged quickly. The standards will impact, among other areas, dual enrollment, placement tests and remediation. The opportunity for greater coordination between K-12 and postsecondary education is encouraging.

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Placing a 'Seal' on Students' Next Steps

While on the subject of high school graduates being properly prepared for college or a career, one state has determined its next move. North Carolina has established three paths for students to earn seals on their diplomas indicating readiness for a career, community college or four-year university. Among the end goals: reduce remediation and increase college graduation rates.

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Report Card Time For Lawmakers

The Indiana General Assembly has finished its work for the 2013 session (although numerous issues will be debated during summer study committees). A two-year budget, tax cuts, vouchers and more took center stage. What grade do you give lawmakers? Offer your opinion in the latest unscientific Indiana Chamber poll.

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