Southside Business Exchange - June 2015

business exchange southside

A DAILY JOURNAL PUBLICATION

June 2015

MULCH

GROWTH Humble beginnings distant memory for the McCartys

also inside Young Entrepreneurs Across America greenwood chamber newsletter

PRESORTED STANDARD FRANKLIN, IN PERMIT NO. 110

SUPPORTING YOU

EVERY STEP

OF THE WAY. At Franciscan St. Francis Health, our orthopedic and sports medicine specialists are committed to helping you maintain a healthy, active lifestyle. We’re also here to help you avoid or recover from any sports-related injuries you may encounter.

For fitness tips, visit FranciscanStFrancis.org/sportsmed.

Inspiring Health Sports Medicine • Physical Therapy • Fracture Care • Rehabilitation • Joint Replacement • Spine Care

business exchange june 2015 I volume 13 I number 6

On the cover

McCarty Mulch & Stone owners and founders, Josh and Jennifer McCarty with one of the company’s delivery trucks.

Photo by Mark Freeland/correspondent

pg. 4

Turning 20: McCartys have been helping others landscape their property for two decades.

pg. 10

Greenwood chamber: Greater Greenwood Chamber of Commerce newsletter.

pg. 13

People on the Move: Business leaders making news on the southside.

pg. 16

pg. 8

Cover All: Local college students learn to run painting businesses.

pg. 12

Corporate Chatter: Companies making news on the southside.

pg. 14

A Loan Again, Naturally: Indiana native helps small businesses get loans as SBA employee.

pg. 17

Business is Booming: Experts say dot-com bubble burst is not similar to today’s tech craze.

Women in Business: A look at seven celebrity women who have started their own businesses.

COPYRIGHT © Daily Journal, 2015 All rights reserved.

E-mail: biz@dailyjournal.net

SUBSCRIPTIONS southside business exchange is published monthly by the Daily Journal. The magazine is mailed at no charge to businesses throughout greater Johnson County.

To subscribe, send your name and address to: Daily Journal, P.O. Box 699, Franklin, IN 46131

EDITOR: Paul Hoffman 736-2721 phoffman@dailyjournal.net STAFF WRITER: Amy May 736-2726 amay@dailyjournal.net ADVERTISING: Chris Cosner 736-2750 ccosner@dailyjournal.net POSTMASTER Send address changes to: Daily Journal, P.O. Box 699, Franklin, IN 46131

Deadlines

Request advertising space by the 10th of the month for the following month’s issue. l Submit briefs, ribbon cuttings and other news items by the 10th of the month. l

Did you know that you can read past issues of Southside Business Exchange online?

Go to dailyjournal.net, click on ETC. tab, then Special Publications

june 2015 calendar Business to Business Networking Group

Where: 435 E. Main St., Greenwood (Polk Place Building) When: 7 a.m. Tuesday Info: Mark Stansbury, 317-2812930, Cathy Claycomb, 317-2500467

Business Exchange Team

Where: Ann’s Restaurant, Franklin When: 8 a.m. Thursdays Info: Loren Snyder, 317-407-1837

Business First

Where: Financial Center Credit Union, 20 N. Emerson Ave., Greenwood When: 10 to 11 a.m. Wednesdays Info: Jerry Sparks, 317-296-1450

Business Networking International

Where: Logan’s Roadhouse 600 Greenwood Park North Drive When: 11:30 a.m. Thursdays Info: Jon Wright, 317-622-8602

Business and Professional Exchange

Where: Greenwood City Building lower level, 2 N. Madison Ave. When: 8 to 9:30 a.m. Wednesdays Info: Indy.South.BPE@gmail.com or 317-731-2734

Christian Businessmen’s Connection of Greater Greenwood

Where: Denny’s restaurant, Main Street and I-65, Greenwood When: 7 a.m. Wednesdays Info: Bruce Richardson, 317-8883901 or bruce@facilitatorsinternational.org

Edinburgh Lions Club

Where: 112 S. Walnut St., Edinburgh When: 6:30 p.m. second and fourth Thursdays Info: 812-526-2571

Edinburgh Merchants Association When: Varies Where: Varies Info: 812-371-1699

Franklin Chamber of Commerce

Info/RSVPs: 317-736-6334 or www.franklincoc.org

Franklin Kiwanis Club

Where: Pizza King Station, 2770 N. Morton St. When: Noon Fridays Info: indkiw.org

Franklin Lions Club

Where: Grace United Methodist Church, youth center When: 7 p.m. first and third Mondays Info: James McCay, 317-736-6580

Greater Greenwood Chamber of Commerce

Company, 911 N. State Road 135, Greenwood When: 7:30 a.m., last Friday Info: www.gorainmakers.com

Rainmakers Southside

June 9: Business Matters Luncheon, 11:30 a.m. to 1 p.m., Dye’s Walk Country Club.

June 25: Membership 101, 8:30– 10 a.m., Chamber office.

RSVPs/Info: 317-888-4856/www. greenwood-chamber.com

Greater Greenwood Toastmasters

Where: Community South Hospital Education Center, 1402 E. County Line Road, Greenwood When: 6:45 a.m. Fridays Info: SFuller1@me.com

Greenwood Kiwanis Club

Where: Jonathan Byrd’s Cafeteria, I-65 and Main Street When: 6:30 p.m. Tuesdays Info: kiwanisgreenwoodin.com

Johnson County Business Referral Group

Where: Johnson County Museum When: 7 a.m. Wednesdays Info: Paul Humbles, 317-738-4436, phumbles@amfam.com Web: jcbrgonline.com

Kiwanis Club of Greater Greenwood

Where: Greenwood Public Library, 310 S. Meridian St. When: Noon first Thursday Info: kiwanisofgreatergreenwood@ yahoo.com or 881-1953

Kiwanis Club of Perry Township

Where: IHOP restaurant, 7521 U.S. 31 S. When: 7 a.m. Thursdays Info: Steve Hadley, 317-710-3199

Power Circle Network

Rainmakers - Greenwood Where: Stone Creek Dining

Tuesdays, 11:30 a.m. - 12:30 p.m., Jockamo’s Pizza, 401 Market Plaza, Greenwood Wednesdays, 10-11 a.m., Financial Center, 1301 E. Stop 11 Road, Indianapolis Wednesdays, 11:30 a.m - 12:30 p.m., Golden Corral, 160 S. Marlin Drive, Greenwood Thursdays, 10-11 a.m., Coffeehouse Five, 323 Market Plaza, Greenwood Thursdays, 11:30 a.m - 12:30 p.m., Jockamo’s Pizza, 401 Market Plaza, Greenwood Fridays, noon-1 p.m, Firehouse Subs, 884 N. U.S. 31, Greenwood RSVPs/Info: 317-455-5656, Mike Tollar Web: www.PowerCircleNetwork.com

Where: Dale’s Family Restaurant, 5209 E. Thompson Road, Indianapolis When: 11:30 a.m. to 1 p.m., first Wednesday.

Info: www.gorainmakers.com, lora. popov@worldpay.us, 513-1535

Rotary Club of Franklin

Where: Franklin College Dietz Center When: Noon Tuesdays Info: Loren Snyder, president, LASnyder@hillard.com

Rotary Club of Greenwood

Where: Jonathan Byrd’s Cafeteria, I-65 and Main Street When: Noon Mondays Info: Tom Vander Luitgaren, 317881-7575

Rotary Club of Johnson County When: Second and fourth Mondays, 6 p.m.

June: TBD Info: Rotary Club of Johnson County on Facebook.

Rotary Club of White River

Where: Dye’s Walk Golf Club When: 6:30 a.m. Wednesdays Info: Charles Miller, 317-403-8281

Sertoma Club of Greenwood

Where/when: 6:45 p.m. first, second and fourth Thursdays Southern Dunes Golf Course, 8220 S. Tibbs Ave., Indianapolis Where/when: 11:45 a.m., third Wednesday, Fireside Brewhouse, 997 E. County Line Road, Greenwood Info: Denny Rusher, 317-965-4966

Vineyard Toastmasters

When: 7 to 8 p.m. Mondays Where: Office of Perry Township Trustee, 4925 Shelby St., Room 400, Indianapolis Info: Ed Barrett at tmebarrett@ yahoo.com or Rob Rogers at rogers121241@yahoo.com.

Woodman Toastmasters

When: 6:30 to 7:30 a.m. Thursdays Where: Baxter YMCA, 7900 S. Shelby St., Indianapolis Info: woodman.freetoasthost.net or Mangnus Jannson, 317-372-4709

june 2015 I southside business exchange

3

Landscaping EXPERTS MCCARTY MULCH & STONE ATTRIBUTES 20 YEARS OF GROWTH TO QUALITY PRODUCTS, SERVICE

storY bY cherYl fiscus JenKins photos bY marK freeland

Josh and Jennifer mccarty

I

4

t all started two decades ago with a load of material and signs stuffed in mailboxes that read, “Got Mulch?”

Twenty years later, McCarty Mulch & Stone carries a rainbow of mulch varieties plus many kinds of stone for local landscaping needs. The company, which began in 1995 as a weekend hobby and extension of the family farm operation, has blossomed into a full service manufacturer and distributor of landscape supplies.

Owners Josh and Jennifer McCarty no lonjune 2015 I southside business exchange

ger take hand-written phone orders at the kitchen table. Drive by the facility at 100 Bluffdale Drive in Greenwood on any given sunny Saturday from March to June, and staff will be plenty busy helping 300-400 customers and fulfilling orders.

“Some days, it’s like the Indianapolis 500 here,” Josh said, referring to truck after truck of outgoing mulch.

“If it’s a dry, sunny Saturday, which is what we pray for all winter, it can be bonkers in here,” Jennifer said.

March madness in the landscaping business sustains the company through snowy winters.

McCarty Mulch & Stone services all of central Indiana with mulch and stone products, dirt, soil and custom soil blends.

The company has locations in Greenwood and Danville.

The McCarty family loves seeing landscape projects through from beginning to end. Josh builds his business day by day and spends little time dwelling on the company’s success. He just enjoys working and developing relation-

ships with his customers. He credits his exceptional employees with bringing in repeat business year after year.

“They are kind of what drive the business,” he said. “Treating customers the way you would want to be treated.”

Jennifer agrees and said she thinks of her staff as family and friends.

“We treat our employees like they are family,” she said. “These people count on their jobs. We want to be able to support them and walk them through and bless them.”

Adjusting to technology Social media and the ease of technology have changed the way the McCartys advertise their business. The couple relies on Instagram, Twitter and Facebook for help in promotions and has revamped its website for easier viewing of products and ordering online.

Jennifer laughed when she remembers the early days of copying and hand delivering flyers to enhance business.

“The way you promote yourself and put yourself out there really determines

McCarrty Mulch & Stone offers various types of stone and rock for landscaping, constructing fire pits or laying down on paths.

WHEN THE WONDER FIVE WOWED INDIANA, WE’D BEEN AT OUR GAME FOR 30 YEARS In 1920, as the famous local boys took the first of their three consecutive state titles, the bankers at Mutual were already seasoned veterans who set new records every year. Although we didn’t get as many headlines as this dream team, we earned a lot of fans among local residents who had dreamed about owning their own homes ... and 95 years later, we’re still scoring points as Johnson County’s home team for home loans.

©2015 MSB.

Photo courtesy Johnson County Museum of History

736-7151 • MUTUALSAVINGSBANK.NET • FRANKLIN (3 LOCATIONS) • TRAFALGAR • NINEVEH

june 2015 I southside business exchange

5

Clockwise from far left: A display of a variety of mulches and top soils. Stone that can be used for retaining walls, decoration or landscaping. Boulders come in all sizes and shapes. Sand, pea gravel and river rock.

your customers,” she said.

The landscaping business has evolved tremendously throughout the years, Josh said, and customers dream big as they garner ideas from do-it-yourself television shows and magazines.

Jennifer enjoys hearing individual ideas for outdoor projects and encourages people to have fun with their landscaping décor. She also accomplishes a few of her own projects at the couple’s Greenwood home by planting plenty of flowers and combining mulch and rock for a unique look.

“I love it,” she said. “I’m out there digging in the dirt all of the time.”

6

“ june 2015 I southside business exchange

She hopes McCarty Mulch & Stone will be the landscape place people can rely on to create an oasis in their backyard.

“It is such a blessing to be able to interact with customers and to walk them through a project from beginning to end.

People love to share their passion, and I’ve learned to be a good listener,” she said.

A multitude of choices Mulch, these days, comes in a variety of colors and textures. Stone is a lower maintenance option, Josh said, with slightly higher upfront cost and also has

many varieties.

McCarty Mulch & Stone supplies mulch to the Johnson and Hendricks county fairs and also to the Indiana State Fair. It provides mulch for many area schools in the summer and sells salt during the winter. Throughout the years, the company has branched into Christmas tree and wood recycling.

When they are not running their business, the McCartys stay active at Mount Pleasant Christian Church and through various business organizations such as area chambers of commerce and landscape associations.

Their focus now is introducing their

It is such a blessing to be able to interact with customers and to walk them through a project from beginning to end.

— Jennifer McCarty

”

McCarty Mulch & Stone

Address: 100 Bluffdale Drive, Greenwood, IN 46142 Phone: 317-548-2971 Web site: www.landscapemulch.com Founded: 1995 Founders/owners: Josh and Jennifer mcCarty Employees: 20 plus seasonal Hours: monday through Friday 8 a.m. to 5 p.m. and Saturday 8 a.m. to 3 p.m. Closed Sundays

three children, Jacob, Zach and Grace, to the family business. The kids all help with the company at some level, and Grace has developed her entrepreneurial skills by selling cookies and lemonade to customers on Saturdays.

The McCartys have always separated their personal success from their business success and find being good parents, community stewards and leading by example trumps any other company goals.

Creating a balance between their personal and professional lives helps them find joy at home and at work. It also eases the stress of sharing a life, a business and even the same desk.

“It’s all about communication,” Jennifer said, adding that one side of the desk is usually tidier than the other. B

your community nEwspapEr delivered your way EZ Simple, automatic payments deducted from your credit/debit card, or checking account.

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Above: A yard landscaped with mulch.

At right: A handful of mini-mulch.

Submitted photos

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june 2015 I southside business exchange

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on the southside

By Amy May Staff writer

Teaching college students how to run a business

F

or college students studying business, there is a big difference between what they learn in the classroom and how it applies in the real world.

Young Entrepreneurs Across America gives students the chance to operate their own small business, an exterior painting company called Student Painters, and put what they learn into practice. The students are district managers for the summer and are given a territory. The student hires people, markets the company, consults with potential clients and supervises the job to completion.

One area district manager is Dustin Duford of Trafalgar, who has the Whiteland and Bargersville territory. The 19-year-old is a freshman at Indiana University, majoring in business management.

“My dream would always be to launch my own business,” he said. “My dad (William Duford) has always been in business. It’s always something I’ve been interested in and why I chose IU for the Kelley School of Business.”

He attended Indian Creek High School and took all the business classes he could there.

In early April, Duford was hiring painters and marketers — hopefully, 16 to 18 people, he said — as well as promoting his business and lining up clients. The internship officially started in mid-May, when classes let out. He was looking forward to learning more about what it takes to run a business.

“I guess what I hope to learn is how to successfully run a business the most effi-

“ 8

cient way,” he said. “I do everything from payroll to taxes to interviewing employees … literally every aspect of the business.”

David Hon, 20, is supervising his crews in the Greenwood area. The 46143 zip code he’s assigned is not far from his home in Franklin Township in Indianapolis.

The 2013 Roncalli High School graduate is a sophomore majoring in finance at Purdue University. After earning his bachelor’s in finance, he would like to pursue a career in forensic accounting, which would require post-graduate education.

“The big thing I would like to learn is how to manage people. Everybody has a different personality, so being able to deal with

The big thing I would like to learn is how to manage people. Everybody has a different personality, so being able to deal with those personalities and make everything come together and run efficiently.

june 2015 I southside business exchange

— David Hon

those personalities and make everything come together and run efficiently,” he said.

He hoped to hire eight to 12 employees, who would be divided into three or four painting crews if he’s successful and gains enough clients.

Hon said he became involved with Student Painters after YEAA representatives came to campus offering summer internships. Students provided some basic information, then some were interviewed.

YEAA, he said, was looking for students with leadership skills, who were self-motivated, able to work on their own and good communicators.

“The biggest thing is people who were good at communicating with others. A lot of the business is conducted over the phone,” he said.

”

workshops/seminars learning and growing to become better

HON

DUFORD

Student Painters

Website: www.studentpainters. biz To get a free estimate in Greenwood’s 46143 area, call David Hon at 317-345-0247; in Whiteland or Bargersville, call Dustin Duford at 317-847-4024.

june 2015 I southside busi-

Marketing materials, such as paper for fliers or signs, was provided by Student Painters, Hon said, but no other “seed money” is provided. He pays his employees, buys materials and pays royalties to Students Painters from the money he makes, and he can keep the rest.

The students are also getting a lesson in time management. In early April, Hon and Duford were busy with promotions and hiring in addition to their classes and final exams.

“It is a great struggle,” Hon said.

“I have to get everything on track and my academics have increased a lot. It’s very time consuming.”

In addition to the lessons, Students Painters is also a pretty good summer job, the students say.

“I keep a percentage of profits.

It’s definitely more than an average college working job. It really depends on how efficiently you run it and the jobs you work,” Duford said.

It also provides summer jobs for other students. Duford said Student Painters district managers hire college students and graduating high school seniors.

If a home or business owner accepts an estimate and makes a deposit, the students pressure wash the building, scrape and feather sand, caulk and prime as needed, and then use high-quality paint. The average job takes one or two days. The company carries $1 million in liability insurance and worker’s comp and offers a one-year guarantee on one coat and two-year guarantee on two coats of paint. B

Simons Bitzer

“Employee Benefit Strategies for Dealing with Today’s Complex Insurance System,” facilitated by Jim Newett, president of Employee Benefits Group LLC, will be presented 8-9:30 a.m. June 4 at Simons Bitzer & Associates PC, 8350 S. Emerson Ave., Suite 100. Breakfast will be served at 7:45 a.m. The free seminar will offer suggestions on how to increase employee benefits while keeping costs down.

Register at simonsbitzer.com Info: 317-782-3070

Business Ownership Initiative of Indiana

The Business Ownership Initiative of Indiana offers workshops for business owners and entrepreneurs. Unless noted, the classes are free and are conducted at 4755 Kingsway Drive, Suite 314, in the Willowbrook Office Park. Information/register: (317) 917-3266 or www.businessownership.org

SBDC

Central Indiana Small Business Development Center offers seminars in Central Indiana. Registration and prepayment required: 317-233-7232 or www.isbdc.org.

SCORE

The Indianapolis Chapter of SCORE is part of a national non-profit association offering counseling and workshops for business owners and entrepreneurs. Information/register: 317-226-7264, www.indyscore.org The Johnson County SCORE branch office is at the Greater Greenwood Chamber of Commerce, 65 Airport Parkway, Suite 140, 317888-4856.

Golf outings raise funds for local causes

• The 37th Annual Franklin Chamber Golf Outing will take place on June 4 at The Legends Golf Club in Franklin.

The event is a fundraiser for the chamber and will include not only golf, but also FootGolf. No skill or special equipment required.

Registration begins at 11 a.m.; lunch from 11:30 a.m. -1 p.m.; golf at 1; FootGolf at 1:30.

Info/to register: 736-6334 • The Johnson County Community Foundation, Leadership Johnson County and Habitat for Humanity of Johnson County will host the 6th Annual Give Back Gals Ladies Golf Outing June 10 at Hickory Stick Golf Club.

The event started as a conversation over a bucket of balls while taking golf lessons at Hickory together.

Proceeds will go to support Habitat for Humanity of Johnson County, the Johnson County Community Foundation and Leadership Johnson County.

To register: email Kim Minton at kimm@jccf.org or visit www.jccf.org • Eagle Creek Golf Club will again be the setting of the 2015 Golf Outing sponsored by the Franciscan Alliance Foundation-Central Indiana Region on June 25..

The event, in its 29th year, brings together board members, Indianapolis-area civic and business leaders and Franciscan St. Francis Health physicians and staff to raise funds for Hospice House, which is set to open in September.

There is a nine-hole morning scramble and an 18-hole event at 1 p.m.

Participants also will be offered breakfast and lunch. An awards dinner will be held at 6 p.m.

Info/to register: FranciscanStFrancis.org/golfouting ness exchange

9

Direct

JUNE 20

benefit spotlight

Watch for these trends in commercial

Chamber website banner ads The Chamber’s website is an extension of our Chamber brand, serves as a resource to consumers (both local and visiting) and generates exposure for members. As an industry, local chamber of commerce websites are trusted as a reliable source for local information. Your banner ad offers great visibility. Our website averages about 4,000 visits a month. Our online business directory is searched an average of 2,900 times a month.

Banner ads are $495, $995 or $1,995 for annual placement, depending upon page location.

Monthly rates are available. Engaged, Advocate and Impact-level members receive discounts on Chamber website banner advertising!

Information: Christian Maslowski, president and CEO, at 317-888-4856 or Christian@ GreenwoodChamber.com

By Brian L. Dell Cushman & Wakefield | Summit Realty Group

I

think by now we all know of the ongoing commercial real estate trend that office space is shifting more toward an open-concept floor plate.

This movement has been happening for more than a decade, and it continues to flourish. As a corporate real estate broker who has clients all across the globe, I’m fortunate to see many of these trends even before they become a mainstay in our Indianapolis Metropolitan market.

Here is a sampling of some of the progression I am seeing, some of which you may know and some may be new information: l “Just In Time” inventorying is expanding. For decades now, this phrase has been and continues to be used to define the efficient movement of product in and out of warehousing and distribution centers. As consumers continue to demand

products quicker, inventory stays on shelves for shorter periods of time and therefore “just in time” product flow becomes more critical to the process.

This is causing logistics providers to not only compete for the next best thing in logistics software but also spend more time in location analysis for their distribution centers. This is also causing some retailers to study the possibility of converting stores to dual purpose distribution and retail centers where consumers can be shipped product directly from the stores in same day or next day timing. l Taller warehouse buildings are being constructed. With some great advancement in material handling equipment, distribution providers are now able to rack some product higher than ever. Our market is seeing its first modern bulk distribution facility being constructed with 40-foot warehouse clear height for e-commerce distribution purposes.

As I recently returned from our

annual Cushman & Wakefield International Industrial Conferenc learned that this is becoming com monplace in markets where land i scarce. We may not see this trend take off as much in our market because land is still relatively plen ful and inexpensive compared to some markets. Additionally, devel ment costs tend to be much less i our area compared to those that m have more challenging terrain. l “Creative” space is in. For man companies, the traditional “Class office look is no longer desired. O office buildings with character tha would generally fall into the “Clas or “Class C” category, or even bui ings that would typically be categ rized as industrial, are being retro fitted into spacious office space w modern finishes. Whatever the typ of building, office finishes are tren ing toward being more eclectic an therefore costing more per square foot in build-out than in years. l Building amenities are increas in importance in location selection is transparent that our young wor

new members ABC Pools and Spas Inc. Alecia Coss 317-887-2221 3211 S. Morgantown Road Greenwood, IN 46143 Greenwood Office Suites Lisa Yeager 317-888-5900 3209 W. Smith Valley Road Greenwood, IN 46142 www.yeagerproperties.com Hadley Family Dentistry Nicole Chappell 317-780-7777 5406 S. Emerson Ave. Indianapolis, IN 46237 www.drhadleydental.com Kevin E. Beltz, Sr. 317-888-8735 2561 Lookout Court Greenwood, IN 46143

Meridian Veterinary Clinic & Hospital Dr. Jeff Udrasols 317-888-4405 1277 N. State Road 135 Greenwood, IN 46142 www.meridianveterinaryclinic.net Stock Yards Bank & Trust Tracy Wailes 317-238-2877 7915 S. Emerson Ave., Suite A Indianapolis, IN 46237 www.syb.com TeamLogic IT Lezlie Richards 317-677-4722 3209 W. Smith Valley Road, Suite 211 Greenwood, IN 46143 www.teamlogicit.com/SIndianapolisIN U.S. Air Force Recruiting Sgt. Jason Peay 317-881-1241 1102 E. Stop 11 Road Indianapolis, IN 46227

Methodist Sports Medic 1401 W. County Line Roa

A publication of the Greater Greenwood Chamber o

ctions

Greater Greenwood Chamber of Commerce Greenwood Commerce Center 65 Airport Parkway, Suite 140 Greenwood, IN 46143 317.888.4856 GreenwoodChamber.com

UNE 2015

Chamber news Calendar

our member experts

cial real estate

field onference, I ming comere land is his trend market vely plentipared to lly, developuch less in ose that may errain.

For many al “Class A” esired. Older racter that the “Class B” even buildbe categoing retroe space with er the type s are trendclectic and er square years. e increasing selection. It oung work-

force is changing how many employers are hiring, and those same employers are changing their work atmosphere to attract the best talent.

Not only are workspaces becoming more open to promote collaboration and “business hours” are becoming more flexible to appease the current workforce, but amenities have also increased.

Many office towers are jumping on the same bandwagon to compete for the business from the employers that seek to attract this talent. Many landlords are budgeting for common area overhauls to provide for more modern looks with collaborative work areas and comfortable seating.

I am seeing many building fitness facilities being updated and new facilities being installed in buildings that didn’t previously have them. It’s not uncommon these days to see table tennis, pool and air hockey tables in workspaces and recently, I’ve seen my first office tower common area bocce ball court.

Is shuffleboard next?

ribbon cutting

Greater Greenwood Chamber recognized for communication excellence in Indiana The Greater Greenwood Chamber took home honors in the Indiana Chamber Executives Association (ICEA) 2015 Excellence in Communications Awards. The Chamber earned an award for our 2014 60th Anniversary/Year-in-Review video (watch it on our YouTube channel) and ranked in the top 10 chambers of commerce in the state for communications efforts.

Winners were selected on overall score averages for production design, content, visual appeal and overall impression of the project. The Chamber’s video project received an overall score of 94 out of 100 possible points.

This is the third year in a row the Greater Greenwood Chamber received an Excellence in Communications Award from ICEA. The Indiana Chamber Executives Association is the statewide association focusing on professional development of staff members leading local chambers of commerce in Indiana.

Founded in 1915, the ICEA membership is comprised of more than 275 professional staff members representing nearly ninety local chambers of commerce around the state.

More at www.ICEAonline.com.

Chamber board elects 2015-16 chair, officers, new directors

orts Medicine hosted a ribbon cutting at its grand opening, y Line Road, Greenwood, on April 22.

Photo courtesy of Donna Rice Photography

The Chamber Board of Directors has elected Michael Combs as its 2015-16 board chair.

Michael (Mike) is an assistant vice president and banking center manager with The National Bank of Indianapolis, Greenwood.

COMBS Mike is a member of the Professional Golf Association and worked at the Orchard Golf Center in Greenwood until 2003. During his time as a member of the PGA, he received national awards from Ping, TaylorMade and Callaway Golf for his custom golf

mber of Commerce l www.GreenwoodChamber.com

club fitting.

Mike works diligently to ensure the success of the Chamber, and by extension, the success of its members. He feels that being a part of the chamber “helps you to learn better business skills and associates you with quality people … to feel like you are in touch with the decision makers in Greenwood.”

While Mike works to stay engaged with the business world and his family, he also actively serves the Greenwood community at large. As a member of Sertoma, president of the Center Grove Athletic Booster Club and a member of the board of directors for the Franciscan Alliance, Mike shows an appreciation for his community, a steadfast drive for improvement and progress and a dedication to the city that he and his family call home.

Mike graduated from Indiana University, Bloomington with a bachelor’s degree in communications management. His wife, Lynn, is a registered nurse at Franciscan Alliance. They have two children, Alexandria and Matthew.

Other officers: l 2014-2015 Officers Chair: Mike Combs, National Bank of Indianapolis BRANDON Chair elect: Tom Vander Luitgaren, Van Valer Law Firm Vice chair: Christine Alfery, First Merchants Bank Secretary/treasurer: Kent DeKoninck, Greenwood Community Schools BROWNING Past chair: Gayle Sweitzer, Community Health Network l Newly elected directors Karen Brandon, My Marketing Gals Christopher Browning, VisionQuest EyeCare Marisol Sanchez, SANCHEZ Endress+Hauser

Register for all Chamber events at 317.888.4856 or GreenwoodChamber.com

Tuesday, June 9 Business Matters Luncheon 11:30 a.m. to 1 p.m.

Dye’s Walk Country Club Pre-register: $17 member; $25 non-member At the door: $25 member; $30 non-member

Thursday, June 25 Membership 101 8:30–10 a.m.

Chamber office No cost to attend.

Staff: Stacie Hindman Events & Operations Manager Christian Maslowski, President & CEO

vice president of retail bank branch administration in 1988, and then began working in the mortgage industry in 1998.

Franklin College recognized for campus trees

Franklin College received the 2014 Tree Campus USA recognition for the second year from the Arbor Day Foundation.

Tree Campus USA is a national program that honors colleges and universities for forest management, and for getting staff and students involved in conservation initiatives.

Franklin College received the award for achieving several goals, including having a tree advisory committee and campus tree care plan, budgeting money for the tree program, hosting an Arbor Day event and creating a tree-related student service project, according to a news release.

Franciscan St. Francis recognized for promotion, outreach

corporate chatter companies making news on the southside

Sunoco station opens in Whiteland

A Sunoco station opened in early April at 340 U.S. 31 North in Whiteland. Sunoco Whiteland owners are Vishal Shah and Nithin Kuntla. The station is on the site of the former Swifty gas station. The old building was demolished in 2014.

Mitsubishi Heavy Industries receives WorkOne award

Mitsubishi Heavy Industries Climate Control Inc., located in Franklin, received a WorkOne Achievement Award for partnering with WorkOne to create employment opportunities for local Hoosiers. The award was presented in a ceremony at the Indiana Statehouse.

Mitsubishi Heavy Industries Climate Control Inc., which manufactures and supplies air-conditioning systems, has been a partner with WorkOne since 2011. Mitsubishi uses WorkOne for WorkKeys applicant skills assessment testing, online applications and on-the-job training. Approximately 85 individuals have been placed in jobs through the OJT program, which enables people with little or no work experience to be employed and trained in industry-specific skills.

Mitsubishi also has a commitment in its efforts to hire veterans and help them transition to the civilian workforce, said Steven J. Braun, commissioner of the Indiana Department of Workforce Development.

Mortgage company opens Greenwood office

Residential mortgage lender Ruoff Home Mortgage recently announced the opening of a Greenwood office at 972 Emerson Parkway.

David Foley, vice president, will serve as the branch manager and will oversee operations for the office, including the hiring of additional loan officers and support staff in the next few months. He was a senior manager with WISE FOLEY Stonegate Mortgage for four years and has been in the mortgage banking business since 1999. Before that, he worked in retail banking for six years.

Mike Wise joins the staff as sales manager, a position he previously held with Stonegate Mortgage. Before that, he worked for U.S. Bank for seven years as a sales manager. Wise started in the mortgage industry in 1983, moved to a role of

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Franciscan St. Francis Health received an Award of Honor at the recent Pinnacle Awards Ceremony hosted by the Hoosier Chapter of the Public Relations Society of America.

The award was in recognition of the year-long Centennial Celebration in 2014 that culminated in the Centennial Gala benefiting the Franciscan Hospice House. Franciscan St. Francis also won a PRSA East Central District Diamond Award for diversity communications for the initiatives the hospital has carried out in its efforts to better serve the growing Burmese community.

The Pinnacle Awards of the PRSA Hoosier Chapter recognizes the best and brightest work in the public relations industry both in Indiana and Central Illinois.

Franklin, Marian to partner on medical program

Franklin College has announced a partnership, the PreMedical Fast Track Program, with Marian University, allowing Franklin College students the opportunity for early acceptance into, or a guaranteed interview with, Marian University’s College of Osteopathic Medicine (MU-COM).

Three spots under both tracks – early acceptance and guaranteed interview – will be reserved each year in MU-COM for Franklin College pre-medical students. Acceptance into either track is contingent upon maintaining grades and completing pre-medical requirements. Franklin College students will apply in June 2015 for admittance into the first cohort of the program.

Franklin College exceeds fundraising goal

Donors enabled the Franklin College Office of Development and Alumni Engagement to exceed all its goals for the one-day giving challenge, #GivetoGriz, on April 16, supporting the college’s Franklin Fund for Scholarships.

Several targeted challenges and a matching gift offer helped generate increased response to the campaign.

This is the third year the college has organized the one-day, online giving challenge, with each year being more successful than the previous year. In 2013, the challenge garnered the Office of Development and Alumni Engagement a Silver Award in their district from the Council for the Advancement and Support of Education.

Local Hyundai dealership rated top in service

Ray Skillman Southside Hyundai in Greenwood was ranked No. 1 in service customer satisfaction in Hyundai’s U.S. central region for 2014.

The dealership also finished in fifth place among the more than 820 Hyundai dealerships nationally. This marks the second year in a row that Ray Skillman Hyundai was the regional champion, according to a statement.

The award is given to the regional dealership that performs the best in the Hyundai Service Index study.

Local Tri Kappa chapter stages bingo fundraiser

Center Grove Tri Kappa hosted a bingo fundraiser on April 22 at Dye’s Walk Country Club.

At the event, 20 Coach purses, 18 gift baskets and numerous door prizes were given away.

Tri Kappa is a philanthropic sorority begun in 1901. It now has more than 250 chapters throughout Indiana. Johnson County has six chapters — Center Grove, Edinburgh, two in Franklin and two in Greenwood.

Tri Kappa is dedicated to education, mental health, and culture. Center Grove uses all revenue for Center Grove scholarships, Riley Hospital for Children, Special Olympics Johnson County, and other local charities, including medical clinics, homeless initiatives, food banks and summer camps for special needs children.

G&H Orthodontics launches new brand and product

G&H Orthodontics, an orthodontics supplies company in Franklin, launched a new brand at the American Association of Orthodontists meeting in San Francisco. Commemorating 40 years serving the orthodontic community, the rebranding is a milestone that will mark the beginning of a new chapter at G&H Orthodontics.

In 2012, G&H acquired Orthodontic Design and Production, a manufacturer of high-quality brackets, bands and tubes, and the rebranding is a natural outcome of this successful merger. The company integrated its customer service, sales, marketing, manufacturing and distribution departments.

The company recently was recognized by GE Capital as Performance Improvement Partner of the Year.

Franciscan Alliance establishing Clinical Pastoral Education program

Franciscan Alliance has received two grants to establish a Clinical Pastoral Education program in regions within its 13-hospital system.

Our Sunday Visitor has provided $22,000 and the Koch Foundation $10,000, for a pilot program to be launched at Franciscan St. Francis Health-Indianapolis, with hopes of expansion throughout the system in coming years.

Clinical Pastoral Education is designed to offer hands-on training to postgraduate students in a clinical setting to provide training toward becoming certified members of pastoral care teams. It has been the standard for training hospital chaplains for decades and is considered the benchmark in the field.

noteworthy

The groundbreaking ceremony for Habitat for Humanity of Johnson County Women Build was held April 15 at 211 Dunn Drive in Trafalgar.

School and the ABA School of Bank Marketing and Management. He also holds the Certified Financial Marketing Professional designation from the ABA Institute of Certified Bankers. A Johnson County resident, Goeb is a veteran of the Indiana Army National Guard and serves as a trustee with Leadership Johnson County.

Interns recognized for Statehouse work

people on the move people making news on the southside

Financial Center names executive director of commercial lending

Financial Center First Credit Union has hired Don Goeb as its new executive director of commercial lending. With more than 26 years of banking experience, Goeb has served in various roles, including marketing, human resources, business development, branch management, and commercial lending. He most recently served as vice president /commer- GOEB cial banker with Citizens Bank.

Goeb obtained his bachelor of science degree from Ball State University and is a graduate of the Midwest Agricultural Lending

The Indiana House of Representatives recently honored legislative interns for their service to the General Assembly.

Interns working in the areas of member services, communication, policy and information technology were introduced to all 100 members, detailing their hometown and where they attend or attended college.

Johnson County interns were Luke McNamee of Bargersville and Nicole Verkamp of Franklin.

Radwell employee promoted

Johnny Sisk has been promoted to warehouse receiving manager at Radwell International in Franklin. He has been with Radwell since the acquisition of Gary Dorman & Associates in August 2014 and has worked many jobs within Radwell, most recently parts buyer. Sisk is responsible for all incoming SISK and outgoing items, including factory new inventory.

New chief selected for hospitals in Indianapolis, Mooresville and Carmel

Franciscan Alliance has named Robert J. Brody senior vice president and chief operating officer for Ambulatory Services for its entire health care ministry, which operates 13 hospitals and numerous outpatient facilities in Indiana and Illinois.

Brody, who has served as president and CEO for Franciscan St. Francis Health since 1996, will begin his new duties July 1.

During his tenure, Brody spearheaded countless expansion and quality initiatives making Franciscan Alliance’s Central Indiana Region one of the elite health care providers in Indiana and the nation. He expanded the system from a single acute care hospital to three institutions in Indianapolis, Mooresville and Carmel.

In his new role, Brody will be responsible for all free-standing ambulatory services and direct the Franciscan Physician Network, which includes more than 750 physicians and nurse practitioners in Indiana, Illinois and Michigan.

New agent joins Re/Max

Jamie Brown has joined Re/Max Select, Realtors Greenwood office, serving all of Greenwood and surrounding areas.

She can be reached at 48 N. Emerson Ave., Suite 300, Greenwood, or by calling BROWN 317-807-1513.

Baxter YMCA praises facility’s volunteers

The Baxter YMCA recently recognized volunteers who make the Y’s programs work. The following people were recognized during National Volunteer Week for their contributions to the Y: Alice Dills, Jocelyn and Kayli Radke, Cynthia Bymaster, Piper Bunner, Alec Donnelly and Sarah Haas.

Info: Sarah Rish at srish@indymca.org or 865-881-9347, ext. 205.

Optometrist earns service honor

Greenwood resident and optometrist Dr. Piper Groppel was awarded the Meritorious

Service Award at the Indiana Optometric Association’s 118th annual spring convention at the French Lick Resort in April.

The award recognizes service to the profession of optometry in specific categories. Groppel was honored for her service as a member of the Indiana School Vision Screening Task Force and her leadership as the president of the Central Indiana Optometric Society.

She graduated from the GROPPEL Indiana University School of Optometry in 2004 and practices optometry at the Richard L. Roudebush VA Medical Center in Indianapolis.

Her interests include the treatment and management of ocular disease. She became a Fellow in the American Academy of Optometry in October 2012. She serves as an adjunct faculty member for the Indiana University School of Medicine, as well as the Indiana University School of Optometry.

Groppel lives in Greenwood with her husband, Keith Groppel, and their two children.

Sorority donates $1,000 to baby pantry

Delta Theta Tau sorority member Karen Lackey recently gave a donation from the sorority to the BIBs Pantry at University Heights United Methodist Church.

The sorority presented a check for $1,000.

The BIBs (Better Indy Babies) Pantry provides newborn layettes, diapers and clothing for babies, in addition to food for the families.

Lackey also gave 12 quilts that she made.

The Nu Tau Chapter of Delta Theta Tau raises funds to distribute to charities throughout Indianapolis and Johnson County by hosting an annual craft fair at Beech Grove High School on the Saturday after Thanksgiving. B

by Diane Stafford The Kansas City Star

C

ountless stories over the last few decades, some of which I’ve written, touted the wide-open office workspace — the “cubicle farm” — as an office tool to increase productivity, communication and morale.

Some studies say they’ve done the opposite.

Still, driven by space- and money-saving reasons, the movement away from private offices continues. And standard cubicle spaces are shrinking to six by six feet, down from nine by nine.

News reports in the last few days said

The rap against office cubicles

that even Sprint CEO Marcelo Claure is abandoning the wood-paneled executive suite for an open-office cubicle (though his is a bit roomier than most). Grant Thornton said its Kansas City office has just been modernized into a smaller, lowor no-partition space that “reduces its carbon footprint.”

The cube farm explosion disappoints Reuben Yonatan, CEO of GetVoIP.com, described as a “comparison resource for technology solutions.” In a blog post, Yonatan cites 18 studies or news reports indicating “there’s absolutely no evidence

that an open-plan office boosts morale or productivity, and mounting studies that show the exact opposite effects.”

He suggests a backlash is beginning.

“The correlations between privacy and productivity get strong and stronger with each piece of research,” he contends.

One survey found that nearly all workers say privacy is important to them.

Thoughtful employers have designed open offices with small, private “huddle rooms,” some akin to large phone booths, that allow workers to hold private phone conversations away from their cubicles.

But that kind of privacy means that people have to leave their work stations and find an available privacy space. Score minus one for productivity.

Another study found that loud co-workers are people’s biggest workplace distraction. Conversations, whether business or personal, pull attention away from tasks at hand. Casual interruptions are more frequent. One report said the average open-office worker is interrupted every three minutes. Short of wearing headphones, score stafford, page 18

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personal profile

The loan arranger

Story by Barney Quick Photos by Greg Jones

INDIANA native with SBA enables federal guarantees for local entrepreneurs

A

business owner always feels more comfortable if there is a human element to his relationship with a federal agency. Columbusarea businesses enlisting the services of the Small Business Administration can now put a hometown face on their relationship with that entity.

Stacey Poynter, a 1990 graduate of Columbus East High School and longtime presence in the local banking scene, became the SBA’s Indiana district director last year.

The SBA was created in 1953. Its mission is to foster a favorable climate for the nation’s entrepreneurial enterprises.

Indiana is one district. Some states have more.

There are 68 district offices across the nation and in U.S. territories. The Indiana district is part of the Great Lakes region, which also includes Michigan, Ohio, Illinois and Wisconsin. The Indiana office is at Keystone at the Crossing on the north side of Indianapolis.

Poynter describes the three broad areas of SBA service as the three C’s: access to capital, business counseling and government contracting.

Top: Stacey Poynter, a Columbus native, became the Small Business Administration’s Indiana district director last year. At right: Poynter visits with Kami Adams in her office at the Columbus Area Chamber of Commerce.

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Generally speaking, the SBA guarantees loans provided by an approved lender. Most Indiana banks are SBA-approved lenders. Poynter said that the guarantee means that “if the loan goes bad, we make good to the bank on 75 percent of the loan, and then the business owes that to the government.”

‘Good community service’ He said that the benefits to the borrower are a loan that it would otherwise not get, as well as reasonable terms. “It’s not the most profitable for the bank, but it’s a good community service.”

The only situation in which the SBA makes direct loans is in the event of a disaster.

“First, FEMA comes in with grants, then the SBA comes in with loans,” Poynter said.

Regarding counseling, the SBA subsidizes what it calls resource partners. These consist of SCORE, a program in which experienced small-business people listen to entrepreneurs’ ideas and coach them on the aspects of starting a new enterprise, such as financials, a business plan, and areas such as taxes and operations, the Women’s Business Center and the Small Business Development Center. This last resource partner is hosted by Indiana’s Office of Small Business and Enterprise, or OSBE. The SBA is happy to make small businesses aware of government contracting opportunities. Its staff can help with the certification process by which a business becomes a contractor, as well as making small businesses aware of the opportunities available by conducting matchmaking events and outreach programs.

Some businesses qualify for set-aside contracts.

These include businesses owned by women or disabled veterans, and businesses in historically underutilized business zones.

Poynter wants to see person-to-person contact assume priority when an entrepreneur inquires with the SBA. “Our website has a lot of information, but a person should start with calling us,” he said. “We’ll start with some basic questions. Where do you live? Do you have a business plan?”

After graduating from high school, he went through Purdue’s Krannert School of Management, then returned to Columbus to teach accounting and economics for a semester at Indiana Business College, now Harrison College.

A few out-of-town jobs followed, including management positions with American General Financial Services in its Bedford, Evansville and Seymour offices.

He returned to Columbus and went to work for Home Federal Savings Bank, now Old National Bank. During that time, he became active in the Columbus Area Chamber of Commerce.

“I was on the ribbon-cutting committee, and I served as a chamber ambassador,” he said. “I really appreciated the support and mentorship I got from people at that time.”

In 2008, he joined the SBA as a lender relations specialist. “We’d educate the banks on how our programs work.”

‘I know this state’s business’

Poynter visits with Tim Cooney at the Columbus chamber offices. Cooney explained that he was able to start his first business in Columbus by working with the Small Business Administration.

Since becoming district director, he’s been “working on strategic partnerships with state-level resource partners. If we’re truly the resource for small business, we need to be the conduit for their resources. I want to simplify that network. My agency is federal, but I’ve always lived in Indiana. I know this state’s businesses.”

The SBA also conducts various events. On May 6 at Camp Atterbury, the agency hosted a Contracting Matchmaker session, which Poynter describes as being similar in format to speed-dating. On June 19, at an

OSBE luncheon, the SBA will present some awards, including the Small Business of the Year designation.

Poynter is pleased with the results he’s seen since becoming director. “We’re up 23 percent in the number of loans for fiscal year 2015 over 2014, and ’14 was better than ’13,” he said. “I just talked to some SCORE people. They’re up 44 percent over last year in counseling sessions. That’s outstanding.”

He derives much of his satisfaction from “getting

“

people to look at things in fresh ways. I was working with a gentleman in the drywall business and suggested that he look at government contracting. He’d always thought the paperwork would be too daunting.

I explained that our role was to make it less so.”

Poynter said that he finds it rewarding to help a segment of the economy that plays a major role in shaping the American character. “Entrepreneurs are remarkable, resilient people.”

If we’re truly the resource for small business, we need to be the conduit for their resources. I want to simplify that network.

— Stacey Poynter

History of the U.S. Small Business Administration Early versions of SBA The Reconstruction Finance Corp., created

by President Herbert Hoover in 1932 to alleviate the financial crisis of the Great Depression, was SBA’s “grandparent.” The RFC was basically a federal lending program for all businesses hurt by the Depression.

Concern for small business intensified during World War II, when large industries beefed up production to accommodate wartime defense contracts and smaller businesses couldn’t compete. To help small business participate in war production, Congress created the Smaller War Plants Corp. in 1942. The SWPC provided direct loans to private entrepreneurs, encouraged large financial institutions to make credit available to small enterprises and advocated small business interests to federal procurement agencies and big businesses.

The SWPC was dissolved after the war, and its lending and contract powers were handed

over to the RFC. At this time, the Office of Small Business in the Department of Commerce also assumed some responsibilities that would later become characteristic duties of SBA. Its services were primarily educational, producing brochures and conducted management counseling for individual entrepreneurs.

Congress created another wartime organization to handle small business concerns during the Korean War, called the Small Defense Plants Administration. Its functions were similar to those of the SWPC, except that ultimate lending authority was retained by the RFC. The founding of SBA In 1952, President Dwight Eisenhower proposed creation of a new small business agency — Small Business Administration — to replace the RFC, which was dissolved.

In the Small Business Act of July 30, 1953,

Congress created the SBA, whose function was to “aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns.” The charter also stipulated that SBA would ensure small businesses a “fair proportion” of government contracts and sales of surplus property.

By 1954, SBA was making direct business loans and guaranteeing bank loans to small businesses, as well as making loans to victims of natural disasters, getting government procurement contracts for small businesses and helping business owners with management and technical assistance and business training.

The Investment Company Act of 1958 established the Small Business Investment Company Program, under which SBA licensed, regulated and helped provide funds for privately owned and operated venture capital investment firms. They specialized in providing long-term debt and equity invest-

” ments to high-risk small businesses. Its creation was the result of a Federal Reserve study that discovered that small businesses could not get the credit they needed to keep pace with technological advancement.

In 1964, SBA began to attack poverty through the Equal Opportunity Loan Program. The EOL Program relaxed the credit and collateral requirements for applicants living below the poverty level in an effort to encourage new businesses that had been unable to attract financial backing, but were nevertheless sound commercial initiatives.

The SBA today SBA’s programs now include financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. SBA also provides loans to victims of natural disasters and specialized advice and assistance in international trade. june 2015 I southside business exchange

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trends

By Patrick May San Jose Mercury New

Experts: Current tech boom is no dot-com bubble

S

ilicon Valley’s tech cup runneth over. Job growth is humming, coders are being lionized on HBO, Uber and its shared-economy cohorts are on fire, disrupted innovation is unfolding on every corner. And everyone from downtown San Jose to Oakland’s Uptown to San Francisco’s South of Market is partying like it’s 1999.

Luckily, it’s not — at least according to those who say today’s boom and the exuberance of the dot-com craze are like night and day.

“Back around 2000, the IPOs were characterized by having only a few years’ track record and little in the way of profits,” says Brett Trueman, professor of accounting at the UCLA Anderson School of Management. “What’s happening today is much different because a lot of these companies have been around for longer periods of time, and they’re more likely to be earning money than the startups during the dotcom boom. That’s a clear indication that the froth isn’t there now like it was in 2000.”

Still, Silicon Valley knows froth. And the urge to compare the current craziness with the heady days of the past and fret about another bubble is understandable. You want froth? The SV 150, the San Jose Mercury News’ ranking of the largest companies in Silicon Valley based on revenue, shows the region lately has been a veritable cash machine: 2014 was the most profitable year since the SV150 began 29 years ago, with a 23.8-percent jump in overall profits, an 11.7-percent rise in sales, and a 7.1-percent increase in job growth.

So is it sustainable?

In a nutshell — yes, says Beacon Economics founding partner Chris Thornberg, albeit with a small caveat.

“We’re seeing record profits today, unlike in the ‘90s when you had huge valuations but nobody making the money to justify them,” he said. “Back then, people

16

“

Comparing the times

Dot-com 2000 exuberance vs. today’s tech boom.

Then: Many IPOs had little track record and no profits to show.

Now: Many startups boast real profits while their VC funders are much more cautious about going public too quickly.

Then: A tech-heavy Nasdaq hit its all-time high of 5,048 just before things crashed.

Now: After making a long, slow — and some would say healthy — ascent, Nasdaq has still not reached its earlier high.

Source: San Jose Mercury News reporting

were selling the IT and investors were buying it, but it wasn’t being integrated into our lives very well.”

Economists point to Uber, valued at more than $40 billion, as a prime example of the paradigm shift underway in tech, where an innovative service is changing the way we think about everything from car ownership to insurance to urban planning.

“Today,” said Thornberg, information technology, or IT, “is something companies invest in and then make a lot of money off of it. So the guys now selling that IT are also making tons of money.”

And the caveat? “The only place you might get into

trouble,” said Thornberg, “is if the labor markets heat up and corporate profits start going to the employees (for salaries). But it’s way too early to call that.”

A large chorus of Silicon Valley pundits insist that despite the heat of the moment, what’s happening today is not “Pets.com, The Sequel.”

Yes, the tech-heavy Nasdaq is finally approaching its dot-com high of 5,048. But it’s been a long, slow — and some would say healthy — ascent that suggests its tech components remain on relatively solid footing.

And sure, the “weighting” of IT companies in the S&P 500 index has grown from 6.3 percent in 1990 to nearly 20 percent today, perhaps suggesting a troubling dominance on tech. But consider that IT’s share of that index hit more than 29 percent in 1999, just before things went bust so today’s share is relatively modest.

While it’s true that the SV150 now has the highest market-cap-to-sales ratio (3.8) since the dot-com bubtech, page 18

What’s happening today is much different because a lot of these companies have been around for longer periods of time, and they’re more likely to be earning money than the startups during the dot-com boom.

— Brett Trueman, professor of accounting at the UCLA Anderson School of Management

june 2015 I southside business exchange

”

women in business

Associated Press

7 celebrity women who have started their own businesses Business ownership is the latest must-have among women on the A-List. Stars including Halle Berry, Nicki Minaj and Drew Barrymore have launched businesses in recent years that sell lingerie , bubbly wine and lip gloss . H ere are some celebs cashing in on their star power : Drew Barrymore, Flower Flower, the makeup brand co-owned

by Barrymore, sells lipsticks, nail polishes and other cosmetics at WalMart. A website for Flower has pictures and videos of the actress and producer in a white lab coat testing foundations, nail polishes and eye shadow colors. Flower, co-owned by makeup company Maesa, doesn’t advertise, instead it relies on the star power of Barrymore, who starred in 1982’s “E.T. the Extra-Terrestrial” and the “Charlie’s Angels” films.

Info: http://flowerbeauty.com

Nicki Minaj, Myx Fusions The “Anaconda” rapper co-owns bubbly moscato maker Myx Fusions with Mona ScottYoung, the producer of the “Love & Hip Hop” reality TV series on VH1. Myx Fusions Moscato comes in single-serve bottles and in three flavors: mango, coconut and peach. Up next for Myx Fusions is a line of fizzy sangrias, set to launch in June.

Info: www.myxfusions.com

Halle Berry, Scandale Paris The Oscar winner’s line of $7 panties and $18 bras went on sale at Target stores last year. “The line got off to a strong start when it launched in October and its performance continues to build,” said Target spokesman Joshua Thomas. Berry wants to expand the brand into swimsuits and nightgowns, but first, Scandale Paris lingerie will be sold in more international stores later this year.

Info: http://scandale.com

Jessica Simpson, The Jessica Simpson Collection The singer, actress and reality TV star started her brand a decade ago.

Its clothing, shoes and accessories are now sold in several department stores, including Macy’s, Nordstrom and Dillard’s. In March, she sold a majority stake of the Jessica Simpson Collection to brand management company Sequential Brands. Sequential said annual sales of the brand were about $1 billion. Simpson still has a stake in the company, and her mother Tina Simpson remains as creative director.

Info: http://jessicasimpson.com

Jessica Alba, The Honest Company Alba co-founded consumer products business The Honest Company five years ago. It sells diapers, baby wipes, laundry detergent and other products.

The actress, who starred in two “Fantastic Four” movies, told CNBC that the company had $150 million in sales last year.

Info: www.honest.com

Kate Hudson, Fabletics The “Almost Famous” actress has a line of colorful leggings, sports bras and other workout gear called Fabletics. Each item costs less than $100, and is sold through the Fabletics website. She co-founded Fabletics with JustFab Inc., an online seller of shoes, handbags and jewelry.

Info: www.fabletics.com

Reese Witherspoon, Draper James The star of “Wild,” “Walk the Line” and “Legally Blonde” fame started online shopping website Draper James in May. The company sells Southerninspired fashions and home goods, including $125 shorts, a $155 tote bag and $175 sunglasses.

Info: www.draperjames.com

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southside snapshot

business indicators for johnson county what did they say?

Percent Change

Mar 15/

Feb 2015 Mar 2015 Mar 14 Labor Force 74,745 74,908 0.94 Employed 70,872 71,209 1.49 Unemployed 3,873 3,699 -8.53 Unemployment Rate (pct) 5.2 4.9 -0.5

Note: All figures not seasonally adjusted SOURCE: Ball State Center for Economic and Business Research

by the numbers Workers’ Compensation Insurance The average payments made per covered worker through Worker’s Compensation Insurance to workers in Johnson County and Indiana. Amounts are in thousands of dollars.

Year County Indiana Year County Indiana 2010 $1532 $499 1989 $398 $211 2009 $1440 $448 1988 $360 $191 2008 $1485 $436 1987 $335 $174 2007 $1404 $424 1986 $331 $173 2006 $1272 $388 1985 $348 $180 2005 $1219 $377 1984 $325 $170 2004 $1059 $334 1983 $329 $171 2003 $1071 $338 1982 $327 $170 2002 $1164 $368 1981 $320 $168 2001 $991 $305 1980 $293 $152 2000 $624 $282 1979 $219 $114 1999 $620 $280 1978 $242 $126 1998 $615 $278 1977 $223 $114 1997 $588 $268 1976 $188 $98 1996 $635 $267 1975 $146 $77 1995 $632 $256 1974 $113 $63 1994 $698 $281 1973 $103 $58 1993 $648 $264 1972 $105 $58 1992 $574 $245 1971 $92 $51 1991 $547 $247 1970 $74 $42 1990 $477 $219 1969 $60 $35 SOURCE: Bureau of Economic Analysis

tech

continued from page 16

ble, meaning that it is valued by investors at nearly four times the annual revenue of those 150 firms, that’s still less than half of the 8.1 sales ratio in 1999.

And then there’s the Apple effect. The world’s most-valuable company recently joined the Dow Jones Industrial Average, becoming one of five tech companies on the Dow 30, three of them based in Silicon Valley. Its inclusion confirms the Cupertino tech giant’s crucial role in keeping the tech-boom momentum going. And the price-earnings, or PE, ratios for today’s tech giants, which sit in the midteens, are seemingly conservative when viewed beside the 100-plus numbers of AOL and others back before the bottom fell out.

Despite all the comforting news, there’s no way a rising tech-boom tide can lift all boats.

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“I think the estimates we have, the last round are credible and accurate. We started with low numbers on a preliminary basis that we knew were low and I think, if my memory is right, initially we got estimates that were based primarily on driveby, walk-by type cursory inspections and even just looking at photographs and so forth.”

Greenwood senior planner Ed Ferguson on the increased cost estimate to improve façades on 30 downtown Greenwood buildings.

“There’s a lot of emotion wrapped up in it. It means a lot to us, and it means a lot to our community to be able to have something in this building again.”

Patricia Planker on her and her husband, Dan Planker, purchasing and restoring the First Christian Church of Morgantown to create a wedding venue and banquet space called the Chapel at Morgantown.

“The town council realizes that not all development is desirable, and part of the proposed purpose of this annexation is to help ensure that the future growth and development of the area is appropriate and compatible with the vision of the town.”

Trafalgar town council president Jeff Eisenmenger on the council’s proposal to annex 1,384 acres of land.

“They’re going to be manufacturing millions of these turbochargers from this facility right here. For them to choose Franklin over their headquarters in Illinois speaks volumes to what is going on in central Indiana and Johnson County specifically.”

Franklin Mayor Joe McGuinness on Mitsubishi Heavy Industries’ recent expansion that has already added 25 new jobs in Franklin, with officials anticipating more than 100 jobs total to be created by the time the entire production facility is up and running in 2016.

“Are there too many tech startups chasing too few things? Yes,” says Brent Thill, managing director and senior analyst at the research division of USB Investment Bank. “Not all of them will survive, and you’ll start to see the leaders in each category taking more commanding leads.

“This tech boom is sustainable for select companies,” said Thill, pointing to Uber. “I don’t guarantee Uber’s numbers, but I personally use Uber every single day and for me it’s become as common as sending a text or making a phone call; Uber has changed the way I view transportation.”

But Thill cautions that even while today’s boom seems to have legs, that’s not to suggest there could still be the occasional stumble.

“There are too many companies out there that think they deserve a billion-dollar valuation, but it’s not logical,” he said. “They shouldn’t assume that, because there can only be so many.” B

stafford continued from page 13

minus two for productivity.

And about those headphones: They don’t do much to encourage teamwork or camaraderie, another selling point for open offices.

There’s also the likelihood that open offices allow an easier spread of disease with every achoo. If flu or common colds speed through workforces, more absences follow. Score minus three for productivity.

I’ve also received backlashes from workers who’ve been moved into a special kind of open office — the kind where employees aren’t assigned their own desks. This variation generally uses an in-house computer system for workers to claim a workspace for a day, a week or some other specified time. The variation also may offer choices between traditional cubicles, counters or tables shared by others.

“I hate it,” was one flat-out negative from an architect who misses her former office door. B To reach Diane Stafford, call 816-234-4359 or send email to stafford@kcstar. com. Follow her online at kansascity.com/workplace and twitter.com/kcstarstafford.

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HNE Digital

When you think

Johnson Memorial Health,

Quality Dr. Friedlander and Dr. Turner, Orthopedic & Sports Medicine Specialists

Service Joe Stevenson

think Value Sandi Huddleston, JMH Board Member

When it comes to Orthopedics and Sports

“When I tore my ACL during the first football

“I am proud of our commitment to quality,

Medicine, coordination is vital to quality care.

game of the year I already knew who to go to

service and value. Our orthopedic surgeons

That’s why our team of athletic trainers,

because I’d seen Dr. Turner on the sidelines at

exemplify this commitment everyday in

physical therapists and doctors work closely

our games. It’s great because he coordinates

their treatment of diseases and injuries to

together to get you back on the field,

with Marcus Davis, our athletic trainer, and

bones, joints and muscles with the latest

whether you’re a student athlete or a

even comes to school for follow up visits.”

procedures and programs in surgery and

weekend warrior.

We provide you with top QUALITY care, personal customer SERVICE, for the most VALUE for your health care dollar, all because we put our patients at the center of everything we do.

QUALITY. SERVICE. VALUE. Every patient. Every time.

johnsonmemorial.org For the Joe’s full story, visit our website.

physical therapy.”