INSIDE INDIANA BUSINESS WEEK IN REVIEW: Hoosiers remain among world's billionaires

2013-03-09T14:37:00Z INSIDE INDIANA BUSINESS WEEK IN REVIEW: Hoosiers remain among world's billionairesGerry Dick Inside Indiana Business
March 09, 2013 2:37 pm  • 

Four wealthy Indiana residents are again on the annual Forbes list of the world's billionaires. Gayle Cook, who helped found Bloomington-based Cook Medical group with her late-husband Bill placed 329th in the world, with an estimated net worth of $4 Billion. Indianapolis-based Simon Property Group Inc. Co-Founder Herb Simon's net worth rose from $1.8 billion last year to $2.2 billion this year. The owner of Merrillville-based White Lodging Services Corp., Dean White, has maintained an estimated net worth of $1.8 billion and Jim Irsay, owner of the Indianapolis Colts, saw his net worth increase from $1.4 billion one year earlier to $1.5 billion on the 2013 list.


Bob & Tom Mark Major Milestone

A radio show that began in Indianapolis in 1983 and has grown into a national success turned 30 this week. The Bob & Tom Show is now heard on more than 150 stations around the country. Co-host Tom Griswold says he and Bob Kevoian would have considered the show a success if it had lasted two years in Indianapolis, but believes it has grown along with the city. He says "unbelievably lucky timing" and good on-air chemistry with Kevoian have fueled the show's success. Griswold says the show has grown "organically."


Hoosier Companies on 'Most Ethical' List

A New York corporate responsibility think-tank has named three Indiana-based companies to its 2013 World's Most Ethical Companies list. The organization says more than 140 businesses were chosen because they translate their "words into action." The Hoosier companies include Merrillville-based NiSource Inc., Columbus-based Cummins Inc. and Evansville-based Old National Bancorp.


AG Reveals 2012 Top Consumer Complaints

The office of Indiana Attorney General Greg Zoeller has released its top 10 consumer complaints from 2012. The list includes Internet and mortgage scams, issues with auto sales and home repair problems.


Insurance Company Moving HQ

A large Indiana-based insurance company is moving its headquarters from Indianapolis to Carmel. Baldwin & Lyons Inc. (Nasdaq: BWINA, BWINB) plans to invest up to $30 million to purchase an existing building and add more than 130 jobs by 2018. The move should be complete by the end of the year.


Auto Finance Company Adding Jobs

An automotive financial services company is detailing Indiana growth plans. NextGear Capital wants to expand its headquarters in Carmel and add nearly 170 jobs by 2015. The company was created by the merger of Dealer Services Corp. and Manheim Automotive Financial Services.


Farmland Values Continue to Rise

A Purdue University survey shows last summer's severe drought did not stop Indiana farmland values from increasing. The research indicates values went up approximately 13 percent over the past year. Purdue Extension Agricultural Economist Craig Dobbins says low interest rates and "significantly high" production and profit levels are driving values up. He says the trend will likely continue in the short term, but is "a little less optimistic" about long-term growth. Dobbins says even with rising values, buyers must be careful.


Ballard Looks For 'Bold Plan' For Market Square Site

Indianapolis Mayor Greg Ballard used part of his State of the City speech to renew efforts to redevelop part of the former Market Square Arena site downtown. He says after "two false starts," it's time for the space to bring "new residents and retail" to the area. The city plans to issue a Request for Qualifications Monday and has set a late April deadline for interested developers. Indianapolis Mayor's Office Communications Director Marc Lotter says the long-term goal is to redevelop the entire site.


TEDxBloomington Reveals Speaker Lineup

The lineup has been announced for this month's TEDxBloomington event. Organizers say the speakers will focus on ideas they have developed to impact the world. Presenters include First Lady of Indiana University Laurie Burns McRobbie. the creative lead for "Google Doodle" and a media critic.


Fort Wayne Habitat Planning Ambitious Project

A large-scale affordable housing neighborhood is being planned by Fort Wayne Habitat for Humanity. The organization is looking to build a $10 million, 120-home subdivision and could break ground this summer.


State to Launch Office of Defense Development

Indiana is launching a new Office of Defense Development. Lieutenant Governor Sue Ellspermann has named Duane Embree the agency's first director.


Plastics Company Adding Jobs in Montgomery County

A plastics manufacturer is planning to expand operations in Crawfordsville. Crawford Industries LLC says it wants to invest more than $5 million and add nearly one dozen jobs. The project should be complete by October.


ISU Drones Create 'World's Largest Video Game'

Indiana State University hopes to turn its unmanned aerial systems minor into a four-year bachelor's degree program. Principal Investigators Richard Baker and Jeff Hauser say while the technology is commonly associated with military use, it has civilian and commercial applications as well. In an Inside INdiana Business Television interview, they say the school is looking to partner with businesses and other universities in hopes of developing a more widespread program.


River Ridge Development Moving Ahead

A $30 million development in River Ridge Commerce Center in Jeffersonville will take a step forward this month. The developers of America Place are set to host a groundbreaking ceremony at the park. The project involves new warehousing space.


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