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Articles by Chad Halstead
'Game On' At Grand Park
WESTFIELD - Esports has officially invaded Grand Park Fieldhouse. The 400-acre sports complex is the first to house a Game On esports center in Indiana. Game On Chief Visionary Officer Rick Barretto and partners are hoping the strategic launch will elevate interest statewide. “When you mention gaming, people typically think of a kid playing an online game into the early morning hours – think again,” said Barretto.
Wabash Students 3D Print Hands for Underserved Kids
Wabash College is using its newfound 3D printing capabilities to give a helping hand. Students are producing 3D printed prosthetic hands for children around the world through a partnership with a global charity called e-NABLE. Wabash students plan on printing about 20 of the devices in the coming weeks—an endeavor that would have been impossible just a few months ago. Wabash College believes it’s among the first liberal arts schools of its size to launch a 3D printing center.
Indy Thunder Headed to World Series to Defend Title
INDIANAPOLIS - The Indy Thunder from Indianapolis will be pursuing its fourth straight national baseball championship starting Sunday. The team, as highlighted on Inside INdiana Business with Gerry Dick, is different. Its players are blind and visually impaired and play a specialized game on soccer fields. The Thunder will be defending its title in the World Series of Beep Baseball, being held in Tulsa, Oklahoma. The game is modeled after conventional baseball, but there are differences.
Dupont Hospital Gets New CEO
Perspectives Opportunity Zones: Changing the Course of Real Estate Investment By Chad Halstead, Partner, KSM & Tim Cook CEO, KSM Location Advisors 2019-07-26T13:01:04Z The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities.
BWI to Open Greenfield Plant
GREENFIELD - Governor Eric Holcomb and Greenfield Mayor Chuck Fewell will Friday join executives from BeijingWest Industries Co. Ltd. to celebrate the grand opening of the company’s $80 million, 275,000-square-foot manufacturing facility. The project is expected to create up to 441 jobs by 2021. Holcomb and Fewell were among the officials who broke ground on the project more than two years ago.
Purdue Polytechnic HS to Open New Campus
INDIANAPOLIS - Purdue Polytechnic High School in Indianapolis will Monday cut the ribbon on its new campus in the Broad Ripple neighborhood. Head of School Scott Bess says the new location at the former Central Indiana Community Foundation building was created to help meet demand. In a recent interview on Inside INdiana Business with Gerry Dick, Bess said the school will open for grades nine and 10 with 400 students expected to be enrolled at the start of the 2019-2020 academic year.
Lafayette Call Center Closing; 147 to Lose Jobs
Perspectives Opportunity Zones: Changing the Course of Real Estate Investment By Chad Halstead, Partner, KSM & Tim Cook CEO, KSM Location Advisors 2019-07-26T13:01:04Z The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities.
Evansville Brew House Site to be Auctioned
EVANSVILLE - An Evansville building that once housed Tin Man Brewing will be sold next month in a sealed bid auction. New Albany-based Neace Family LLC moved the brewing business to Louisville, leaving the structure vacant. The brewing equipment was removed, opening 21,000 square feet of development space. William Wilson Auction Realty Inc. is handling the sale.
Wabash Heartland Starting Second Round of Surveys
WEST LAFAYETTE - When it comes to the quality of the place where you live, what are the top priorities? The Wabash Heartland Innovation Network is continuing to seek input from residents in the 10 counties it serves in north central Indiana.
Marian Names New Dean of Students
INDIANAPOLIS - A Marian University alumna will become the next dean of students. Karen Candlish has been promoted from her current role as assistant dean of students. Candlish succeeds Ruth Rodgers who is vice president of student success and engagement. “Karen’s promotion to dean of students is well earned,” Rodgers said.
Granger Man Receives Fraud Sentence
SOUTH BEND - A former senior executive at a Mishawaka business has been sentenced for stealing over $1.5 million from his former employer. James Cotton, 58, of Granger, pleaded guilty to wire fraud earlier this year after he admitted to stealing the money over an 8-year period. Cotton told FBI investigators that he created five fake businesses and fabricated invoices to obtain payment for goods and services from 2009 to 2017.
Constant Canopy Gaining National Attention
INDIANAPOLIS - A farmer in Gaston is gaining national attention for using cash and cover crops in unison. Jason Mauck, chief executive officer of Constant Canopy says the idea is nothing new. “It started in the Depression. Farmers would sow wheat into corn,” said Mauck, whose background was in landscaping before coming back home to the farm. “It just didn't make much sense that we were only growing one crop.
First New Office Building in South Bend in 20 Years
SOUTH BEND - The city of South Bend is watching as a vacant lot in the downtown area turns into the first Class A office project in nearly 20 years. Over the past two decades, the city has focused more on updating existing structures. But this project is a new, mixed-use office development. It will be anchored by Barnes & Thornburg law offices. KTGY Architecture of Chicago designed the building which is currently under construction.
RV Supplier Sues Competitor for Infringement
ELKHART - An Elkhart County RV products maker filed suit Thursday against one of its competitors, claiming patent and trademark infringement. Elkhart-based Furrion is suing Way Interglobal LLC, also a manufacturer of products for the recreational vehicle industry. The two companies sit just five miles apart. The suit was filed in U.S District Court for the Northern District of Indiana.
Eskenazi Health Establishes Fehribach Center
INDIANAPOLIS - Eskenazi Health will expand its efforts to increase employment for students with physical disabilities by establishing the Gregory S. Fehribach Center. The announcement coincides with the 29th anniversary of the Americans with Disabilities Act on July 26, 1990. The program expansion and formation of the center comes after a 2017 Lilly Endowment Inc. grant of $1.5 million.
Zimmer Biomet CEO 'Confident' in Turnaround
WARSAW - Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) is reporting second quarter net earnings of $134 million, down from $185 million during the same period last year. Despite the decrease, Zimmer Biomet Chief Executive Officer Bryan Hanson remains optimistic about his company’s performance. "My level of confidence in our turnaround increases with every quarter," said Hanson. He says Zimmer Biomet is focused, engaged and positioned for offense in the second half of 2019.
Powderkeg Tech Culture Awards Spotlight
INDIANAPOLIS - Indianapolis-based tech networking platform Powderkeg will present the inaugural Indiana Breakout Tech Culture Awards in September. Last month, 50 Hoosier tech companies were named finalists for the awards, which include categories such as Overall Culture, Emerging Culture and Social Impact. This week, we spotlight five more finalists about what culture means to their companies.
West Elm Out, Hotel Still In at Bottleworks District
INDIANAPOLIS - One of the earliest pieces of the $300 million Bottleworks District project in downtown Indianapolis is changing. Hendricks Commercial Properties, which is developing Bottleworks at the former Coca-Cola bottling plant along Mass Ave, says the plans for a boutique hotel to be under the West Elm brand have been scrapped.
Opportunity Zones: Changing the Course of Real Estate Investment
The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities. In exchange for new investments in these communities, investors receive preferential tax treatment.
Promenade Park Sculpture to be Unveiled
Perspectives Opportunity Zones: Changing the Course of Real Estate Investment By Chad Halstead, Partner, KSM & Tim Cook CEO, KSM Location Advisors 2019-07-26T13:01:04Z The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities.
NorthWest Indiana Bancorp Nets Record Profit
MUNSTER - Munster-based NorthWest Indiana Bancorp, the holding company for Peoples Bank, is reporting record second quarter net income of $4.0 million, compared to $2.5 million during the same period last year. Northwest Indiana Bancorp acquired two banks last year AJS Bancorp, Inc. and First Personal Financial Corp., both based in Illinois.
Hogsett Announces Bike Connectivity Plan
INDIANAPOLIS - A plan to expand and improve bicycle connectivity will soon be underway in Indianapolis. Mayor Joe Hogsett and the Department of Public Works announced funding for the plan includes $448,350 collected through an ordinance passed last year. The Shared Mobility Operator ordinance requires licensed electronic scooter companies to contribute $1 a day per scooter deployed in the city to a multimodal infrastructure fund.
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