The IBJ Podcast with Mason King

A weekly take on business news in central Indiana from the Indianapolis Business Journal. The IBJ Podcast is brought to you by Taft.

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151
Is downtown safe? Ask two business owners who r...
One of the most persistent questions about downtown Indianapolis since its 1980s resurgence has been, “Is downtown safe?” In the Feb. 17 issue of IBJ, reporters  Mickey Shuey and Taylor Wooten presented statistics for violent and nonviolent crime indicating that downtown remains one of the city’s safest areas, in particular in terms of crimes per capita. Here’s the rub: Statistics often don’t matter as much as perception. And good luck quoting statistics to someone who has been the victim of a crime. Since safety is a prime concern of business owners and executives whose operations are based downtown, IBJ Podcast host Mason King spoke to two entrepreneurs who have drawn different conclusions about downtown safety and made very different decisions about their downtown operations. Greg Harris is the founder of Backhaul Direct, and Andrew Elsener is a co-founder of Spot (formerly known as Spot Freight). Harris decided to pack up and relocate Backhaul Direct’s offices to Fishers after being attacked downtown and hearing other employee concerns about safety. Meanwhile, Elsener decided to open an additional office downtown—although he has concerns about incidents of theft and the shaky state of some downtown infrastructure. In fact, Elsener recently moved his entire family to the Mile Square, just a block north of Monument Circle. The IBJ Podcast is brought to you by Taft.  
32 min
152
Downtown fixture Wheeler Mission on verge of bi...
Wheeler Mission has been an integral part of downtown for more than 100 years and is intrinsically linked to quality of life issues and downtown’s image. It’s now in the middle of its first leadership transition in 33 years. When Rick Alvis became president and CEO in 1990, Wheeler Mission had 17 employees and an annual budget of about $700,000. Today, it has about 200 employees and an annual budget of nearly $20 million. On any given night, it provides shelter for about 550 people, which is about a third of all people experiencing homelessness in Indianapolis. And it’s widely known for its shelter services—to the chagrin of some downtown residents—although those services account for just one spoke in a four-pronged strategy to help men, women and children get the basic services they need, acquire job skills, move to stable housing and eventually become self-sufficient. Now 70 years old, Alvis is retiring soon and helping ease the transition for his successor, Perry Hines, who became Wheeler’s chief development officer in 2021. In this week’s edition of the IBJ Podcast, Alvis and Hines discuss Wheeler’s evolution over the last three decades, perceptions of Wheeler in the community, perceptions of the homeless population downtown in recent years and why they think it’s important that Wheeler remain based downtown. The IBJ Podcast is brought to you by Taft.    
41 min
153
He stitched handbags in his Irvington basement,...
In his mid-20s, Christian Resiak decided to learn how to hand-stitch leather handbags. He went to thrift stores, bought all of the leather jackets he could find and set up a workspace in his basement. He sold his first bag on Etsy within a month. He called his fledgling company Howl + Hide, partly in reference to his talkative Siberian Husky. Eight years later, Resiak has built Howl + Hide into a million-dollar business with 17 employees without the help of any investors or bank financing.Howl + Hide’s flagship location in Fountain Square doubles as its main retail site—where it sells a wide variety of handbags, tote bags, duffels, keychains and wallets—and its main production facility. But that will change in the near future as Resiak plans to at least double his employee base and double—maybe triple—his sales this year, with some partnerships with national brands on the way. In conversation with podcast host Mason King, Resiak details the process of building the business from scratch and his grand plan to become a global brand. The IBJ Podcast is brought to you by Taft.
45 min
154
She went from a master’s in social work to tech...
Amy Brown is the founder and CEO of Indianapolis-based Authenticx Inc., one of the hottest technology firms the state. Despite the national slowdown in venture capital funding in 2022, Authenticx raised $20 million just before the end of the year. That’s almost $30 million total since Brown founded the firm in 2018, which speaks to investor confidence in the idea behind Authenticx as well as the management team’s level of experience and ability to execute. But Brown took a very unusual route to becoming a first-time entrepreneur in her early 40s. As an undergrad at Indiana University, she earned a bachelor’s degree in human development and family studies. She then earned a master’s of social work in policy and program administration. She had several jobs with a focus on health care policy and health insurance programs. Before deciding to take the leap to create Autheticx, she was the chief operating office for a Carmel-based travel insurance firm. It was there that the idea for Authenticx took shape: A company that could collect all of the feedback that health care companies get from their clients and suss out major weaknesses in the customer experience. The health care companies, such as pharmaceutical firms, insurers or medical care providers, could then use all of the data about their customers and their concerns to improve the bottom line. In this week’s edition of the IBJ Podcast, Brown discusses what it took to bootstrap Authenticx and get it off the ground, including her desire to inspire her four children. She also sheds light on the experience of persuading venture capitalists to invest in Authenticx, including one distinction in her presentations that she said was invaluable.The IBJ Podcast is brought to you by Taft.
35 min
155
A look back at celebrated Indy jazz guitarist W...
Celebrated jazz guitarist Wes Montgomery was born 100 years ago in Indianapolis and spent much of his career here, recording and performing on Indiana Avenue, sometimes with his brothers and often with some of the greatest jazz, soul and even pop musicians of his generation. Montgomery died in 1968 at just 45 years old. But during his relatively short career, he won two Grammy Awards and was routinely selected as the top guitarist in Down Beat magazine polls, five times by critics in the 1960s and four times by readers. We’re turning today’s episode of the podcast over to IBJ arts writer Dave Lindquist for an exploration of the ways that Wes Montgomery was an innovator of jazz guitar, why fellow guitarists continue to find inspiration in his playing 55 years after his death and how he was one of many world-class musicians to emerge from the Indiana Avenue jazz scene in the 1940s and ’50s. Joining Dave for the conversation are Rob Dixon, a saxophone player and artistic director of the Indianapolis Jazz Foundation. And Lasana Kazembe, a poet, teaching artist and assistant professor of education at IUPUI. Rob and Lasana will celebrate Montgomery’s legacy during a May 13 special event at The Cabaret, where Kazembe serves as the venue’s first artist in residence. The event is titled “In Our Own Sweet Way: Honoring the Artistic Legacy of Wes Montgomery.”   The IBJ Podcast is brought to you by Taft.
39 min
156
Internet banking pioneer Becker has bucket list...
David Becker is considered one of the godfathers of the Indiana technology ecosystem, having started and sold several tech firms over the past four decades. But he’s probably best known for his current effort, which broke new ground in an entire tech sector. In 1999, he launched First Internet Bank of Indiana, an online-only bank that offered typical bank services without needing to maintain any physical branches. First Internet Bank recently passed $4 billion in assets. Becker is 69 years old and says he has no plans to hand over the reins of CEO and chairman, given that developing new products and services for the bank scratches his entrepreneurial itch. In this week’s edition of the IBJ Podcast, Becker has a wide-ranging conversation with host Mason King, jumping from his motorcycle-trip bucket list to what he’s done to make the bank’s new headquarters in Fishers attractive to employees while the corporate world wrangles with the trend of working from home. The IBJ Podcast is brought to you by Taft.  
38 min
157
Jeff Wood’s white-knuckle ride from F-16 pilot ...
Tom Wood Automotive Group is one of the best-known family businesses in central Indiana, with more than a dozen car dealerships and 1,000 employees. But relatively few people have heard of Jeff Wood, who took over the company after Tom Wood, his father, died from lung cancer in 2010. Jeff Wood grew up in central Indiana and worked in the family business for a while, but he found his calling in the United States Air Force. He served for 20 years as a combat pilot who flew F-16s. As nerve-wracking as it might be to fly an armed aircraft at 1,400 miles per hour at an altitude of 40,000 feet, Jeff Wood wasn’t entirely prepared for the white-knuckle ride of taking over a huge family business at the request of his father. It's been more than a dozen years since Jeff Wood became company president, and he has used that time to diversify Tom Wood Automotive Group—often following his own interests to see where they lead. In this week’s edition of the IBJ Podcast, he discusses his dad, flying F-16s and the hair-raising transition to company leader in 2010. It’s been a tough year for the car sales industry, and Wood provides an insider’s look and a sense of how the group is trying to ride out the turbulence. And he provides a 30,000-foot view of this sprawling conglomerate and how he has been able to keep aviation in his life—flying as often as once per week. The IBJ Podcast is brought to you by Taft.  
32 min
158
Digging into Salesforce’s ‘restructuring’ and w...
On Wednesday, global tech giant Salesforce revealed in a sparse regulatory filing that it planned to lay off about 10% of its employees companywide. The reason, in a nutshell: Salesforce hired too many people during a recent period of massive growth, and customers now are cutting back on spending in the uncertain economic environment. And speaking of uncertainty, cities with a significant Salesforce presence were left with many questions, since the firm declined to provide any more details about the layoffs than what was in the filing. The company has about 80,000 employees worldwide, about 2,300 of which work in Indianapolis, where its operations are based in the 48-story Salesforce Tower. Although the company is about as high-profile as you can get in Indianapolis, one suspects many local folks are only vaguely familiar with what the company does here and why it’s an important part of the technology ecosystem.For this week’s edition of the IBJ Podcast, host Mason King and reporters Susan Orr and Mickey Shuey discuss what they’ve learned so far about the restructuring. It's not just a tech story: Salesforce has revealed, somewhat cryptically, that it also plans to shrink its real estate footprint, which could have serious ramifications for Indianapolis’ premier office tower. It all sounds ominous for downtown, which is still trying to recover from the effects of the pandemic on its urban workforce. The IBJ Podcast is brought to you by Taft.  
28 min
159
Jeff Smulyan talks radio, owning a baseball tea...
IBJ reporter Dave Lindquist, in this week for Mason King, talks with Emmis Corp. founder Jeff Smulyan about his 2022 memoir “Never Ride a Roller Coaster Upside Down: The Ups, Downs and Reinvention of an Entrepreneur” The book—which he wrote at his daughter’s urging—caps a year of tremendous transition for Smulyan, whose roster of former employees includes David Letterman, Mike Pence, Isaac Hayes and Ken Griffey Jr. Emmis sold four Indianapolis radio stations and Indianapolis Monthly magazine in 2022, ending the company’s four-decade run as a media powerhouse. Although Emmis still owns two radio stations in New York City, the company is now focused on three assets it has in the fields of e-commerce, ergonomics and corporate podcasting. Lindquist talks with Smulyan about his career, his successes and some of his initiatives that didn’t go so well, including NextRadio—a costly effort to make mobile phones act like smart portable radios that never took off. The IBJ Podcast is brought to you by Taft.    
28 min
160
Shari Jenkins of Noah Grant’s, Salty Cowboy on ...
Given what we know about inflation and the chances for a recession, you could assume this isn’t the best time to start a business that depends on consumer discretionary spending. Shari Jenkins isn’t too concerned. She’s the restauranteur behind the Zionsville mainstays Noah Grant’s Grill House & Oyster Bar and Salty Cowboy Tequileria. She’s now in the process of opening a new restaurant in Zionsville that’s designed to make patrons feel like they’re on vacation and don’t have a care in the world. It’s called Tipsy Mermaid Conch House & Cocktails, and getting it open this spring will require a seven-figure startup investment. Jenkins has faith in her customer base in her native city of Zionsville. Their support helped keep Noah Grant’s going during the Great Recession, and patrons remained loyal to both of her restaurants during the worst of the pandemic. Jenkins also overcame a devastating fire at the original Noah Grant’s during a key period in which she was relocating the restaurant to a new spot in Zionsville. Fears of a mild recession don’t give her much pause. IBJ reporter Daniel Bradley featured the plans for Tipsy Mermaid in the latest issue of IBJ, and Jenkins joined IBJ Podcast host Mason King for a deeper conversation about her emergence as a restauranteur after working as a teacher in Indianapolis Public Schools. She also explains how she surmounted a litany of obstacles over the last 14 years, although elevated food costs continue to be a problem. The IBJ Podcast is brought to you by Taft.
31 min
161
Pete the Planner on making the best of a terrib...
This is the time of year, for better or worse, that we usually take stock of our investments and either count our blessings or lick our wounds. Sad to say, there hasn’t been a year when traditional equity investments—aka the stock market—have behaved this poorly since 2008, and we all know what happened there. Of course, 2022 can’t compare to the financial meltdown and Great Recession, but that doesn’t take any of the sting out of seeing your portfolio slip 20 percent into the red. IBJ personal finance columnist Pete the Planner is in the same boat and isn’t looking forward to his annual financial review on New Year’s Eve, but Pete does have a pocket full of silver linings to pull out. Markets go down and then they go up. It’s a healthy cycle. To benefit from the cycle, you need to make sure that you are taking advantage of opportunities to save money and eliminate. In the podcast this week, Pete shares the questions he asks himself at the end of every year to make sure he’s positioning himself for success. It all boils down to a concept Pete calls the “power percentage,” which he will explain. And he also ventures to make a few optimistic predictions for 2023.   The IBJ Podcast is brought to you by Taft.
38 min
162
Former budget hawk flips role, makes case for b...
No one disputes that Indiana residents rank very low among all Americans in terms of their health. The operative question, which will be posed to Indiana legislators in their budget-writing session beginning next month, is to what extent the state should try to intervene and do something about it. Last year, Gov. Eric Holcomb convened a special commission to conduct the first comprehensive assessment of Indiana’s public health system in more than three decades. It was co-chaired by former state senator Luke Kenley, the chair of the Senate Appropriations Committee from 2009 to 2017 and one of the most powerful holders of state purse strings for many years. This summer, the commission released its findings and recommendations. Its overarching proposal is that the state increase annual public health funding from about $55 per person—which ranks 48th in terms of state funding per capita in the nation—to $91 per person. That would cost another $242.6 million a year. Kenley’s job now is to convince skeptical state legislators that this added expenditure is worth it. In this week’s edition of the IBJ Podcast, Kenley discusses his strategy, as well as why the state’s public health spending has been so relatively meager up to this point. And he’s joined by Dr. Kristina Box, Indiana state health commissioner, to discuss the need to improve the health of Hoosiers and how best to deploy the proposed annual injection of $242.6 million. The IBJ Podcast is brought to you by Taft.
46 min
163
Indy-based airline charting path to more divers...
The U.S. airline industry isn’t just short of the pilots needed to meet travel demand. The demographic makeup of the industry’s pilot workforce remains overwhelmingly male and white. Indianapolis-based Republic Airways, one of the largest regional airlines in America, has a vested interest in trying to stock its talent pipeline—not just with pilots but for other aviation careers as well, including maintenance. And Republic has made a concerted effort in recent years to recruit more women and people of color and to eliminate barriers that might stand in the way of successful careers at the company. The airline’s initiatives include a three-day aviation career summit that in October attracted 1,100 attendees—including 750 students of color—from across the state. Republic is also in in the process of launching a campaign to raise $24 million to help 300 central Indiana students of color start careers in aviation. For this week’s edition of the IBJ Podcast, host Mason King is joined by Rob Lowe, Republic’s vice president of people and culture, and Alisha Spires, senior manager of talent acquisition for pilot recruiting, to discuss the barriers that women and people of color face when they consider aviation careers, and what Republic is doing to widen those horizons.   The IBJ Podcast is brought to you by Taft.
30 min
164
Could Nashville steal Indy’s conventions-and-ev...
The convention and events business that downtown Indianapolis has worked so hard to develop over recent decades has recovered fairly well from the worst days of the pandemic. But there’s a new competitor on the horizon. Nashville, Tennessee—a fellow NFL city that also has positioned its downtown for tourism—is on the brink of building a new football stadium downtown with a covered roof. As we know in Indianapolis, a stadium with a roof gives your city a lot more flexibility in attracting and staging major events—for sports, concerts and conventions. And Nashville officials have been clear that they’ll be going after events that Indianapolis currently hosts or traditionally is in the hunt to host. In this week’s edition of the IBJ Podcast, reporter IBJ’s Mickey Shuey tries to gauge the potential impact on Indianapolis of having a tougher competitor for some of the city’s bread-and-butter business. The IBJ Podcast is brought to you by Taft.
32 min
165
Four races to watch on Election Day
Although the White House isn’t up for grabs during the U.S. midterm elections on Tuesday, there are candidates for federal, state and local positions on the ballot that affect central Indiana residents in any number of ways.U.S. Sen. Todd Young, a Republican, is defending his seat from Tom McDermott, the Democratic mayor of Hammond, and Libertarian candidate James Sceniak, a behavioral therapist. Some polls have shown the race between Young and McDermott to be surprisingly close, given Young’s name recognition and massive advantage in fundraising. On the state level, there’s a headline-grabbing contest between Republican Diego Morales and Democrat Destiny Wells for secretary of state. Morales has been hit by several troubling allegations in recent months, including accusations of sexual misconduct and embellishing his military record.There’s a fascinating race shaping up in Indiana Senate District 31, which includes the Geist area, Lawrence and the city of Fishers. The incumbent, Republican Kyle Walker, has outraised Democrat opponent Jocelyn Vare many times over, but at least one poll shows this race as a toss-up. And in Indianapolis, Marion County Prosecutor Ryan Mears, a Democrat, faces a tough challenge from Republican Cyndi Carrasco. She claims Mears has been soft on violent criminals and she has raised an impressive amount of money to get her message out.For this week’s edition of the IBJ Podcast, host Mason King is joined by two colleagues from the IBJ newsroom to dig deeper into the four races: Peter Blanchard, who covers politics and state government, and Greg Weaver, IBJ’s government and politics editor. The IBJ Podcast is brought to you by Taft.
32 min
166
Ben Lytle on navigating coming disruptions in t...
The guest for this week’s IBJ Podcast is Ben Lytle, whom longtime residents will remember as the former CEO of Indianapolis-based health insurer Anthem. He captained the strategy that turned Anthem into one of the largest health insurers in the nation and a publicly traded firm on the New York Stock Exchange. He also founded, took public and sold the insurance brokerage Accordia. But don’t think of Lytle as a career corporate guy. He started his career as an expert in technology and information systems. He’s an entrepreneur at heart and in recent years has co-founded two companies with his son Hugh—both related to health care. But he’s not interested in talking about the past. He wants to discuss the next 30 years, a period he expects to be filled with mind-boggling changes in the ways we work and live. The pace of life will continue to accelerate and become more turbulent. He says institutions such as government, education, religion, news media and corporate America will be disrupted and become less reliable. So he has written a book titled “The Potentialist: Your Future in the New Reality of the Next 30 Years.” Its purpose is to help us—and especially people at the beginning of their careers—develop the skills and mindset necessary to succeed in that environment. He joined podcast host Mason King to discuss the book and how we can thrive alongside incredible change as we live longer, work longer and develop more intimate relationships with technology. The IBJ Podcast is brought to you by Taft.  
46 min
167
Pete The Planner has a frank message on accepti...
IBJ columnist and frequent IBJ Podcast guest Pete “The Planner” Dunn had a piece in the Oct. 14 issue with an uncharacteristically sharp rebuke for a reader who was woefully uninsured. IBJ Podcast host Mason King took it to heart, because he has long avoided getting life insurance, despite being in his 50s, married and the father of a 6-year-old. But he is far from alone in wanting to avoid acknowledging the need to plan for one’s own demise. Dunn’s take is that life insurance is the foundation of good financial planning, as well as being a good spouse and parent. In the latest edition of the IBJ Podcast, King and Dunn dive into some the big questions that usually come up when one finally addresses this dark elephant in the room, including how much life insurance is necessary. The IBJ Podcast is brought to you by Taft.
36 min
168
Rahal, Frye on why race teams are investing now
Three of IndyCar’s most prominent teams—Andretti Autosport, Rahal Letterman Lanigan Racing and Arrow McLaren SP—are investing a total of $250 million to expand their operations and add as many as 750 jobs in central Indiana. In this week’s podcast, IBJ reporter Mickey Shuey takes on hosting duties and talks with IndyCar President Jay Frye and Rahal Letterman Lanigan co-owner Bobby Rahal about why teams are investing now and what it says about the state of racing globally and in the Indianapolis area. But Shuey starts by talking with IBJ reporter Daniel Bradley to get the details about the teams’ expansions, which are taking place in the suburbs north of Indianapolis that he covers. For more, read the story Shuey and Bradley wrote about IndyCar investments for the Oct. 14 issue of IBJ. The IBJ Podcast is brought to you by Taft.
33 min
169
Program hopes to reduce infant mortality in Ind...
Recent studies from across the country have helped solidify the link between housing instability—for example, substandard conditions, homelessness or needing to move regularly—and poor infant health. In a pilot program based in Ohio called Healthy Beginnings at Home, organizers wanted to test the impact of providing pregnant women struggling to find stable homes with rental assistance and other services to secure their housing situations. In the group of mothers in the pilot program, there were no infant deaths, and there were more full-term healthy births than in a control group. The pilot group also saw shorter stays in neo-natal intensive care and a reduced need for emergency health care.   The Indiana University Richard M. Fairbanks School of Public Health at IUPUI has received a five-year, $2.4 million federal grant to launch an initiative to reduce Indianapolis’ infant mortality rate. And it specifically will address housing instability. Called the Housing Equity for Infant Health Initiative, the program will provide support for pregnant women and mothers with infants under 1 year old. The organizers then will evaluate the program’s impact on birth outcomes and health care costs. CareSource, a not-for-profit that provides health care insurance coverage through public programs including Medicaid and Medicare, was a key participant in the Ohio-based pilot of Healthy Beginnings at Home. It is also a key player in bringing Healthy Beginnings at Home to this Initiative in Indianapolis. A second major piece of the initiative is focused on health justice. Led by the Indiana Justice Project, it will combine legal education, direct legal services, strategic litigation, and advocacy to improve both housing stability and housing conditions for pregnant Hoosiers. In this week’s edition of the IBJ Podcast, host Mason King digs into the details with two guests: Dr. Cameual Wright, an OBGYN and vice president and market chief medical officer with CareSource; and Jack E. Turman Jr. He’s the director of the Housing Equity for Infant Health Initiative and the Grassroots Maternal and Child Health Initiative, as well as a professor in the Fairbanks School of Public Health. They cover the link between unstable housing and poor infant health, the difficulty in quantifying the extent of the problem, and the hope that the initiative will lead to larger efforts across the state. The IBJ Podcast is brought to you by Taft.
41 min
170
GangGang’s founders on promoting art, equity an...
In just two years, the arts and culture startup known as Gang Gang has become one of the most influential and active producers of events in Indianapolis, promoting the creative economy and the concept of equity. The founders are Malina Simone Jeffers and Alan Bacon, working from the precept that creative people of color continue to be underrepresented and underrecognized for their contributions to culture. GangGang means to change that. The group wants to bring these artists to the forefront, but everyone is welcome to collaborate. In this week’s edition of the IBJ Podcast, guest host Dave Lindquist asks Jeffers and Bacon about the impact of “We. The Culture: Works by the Eighteen Art Collective,” a ground-breaking exhibit curated by GangGang that debuted last month at the Indianapolis Museum of Art. They discuss Butter 2, the second edition of GangGang’s fine art festival featuring work by Black visual artists. They also touch on the blueprint that GangGang is creating for stimulating the creative economy, why the group is trying to raise $500,000 by the end of the year, and what they foresee for GangGang over the next five years.   The IBJ Podcast is brought to you by Taft.
32 min
171
Butler’s Barry Collier on longevity, competing ...
To the extent Butler University has become a known quantity at the national level, we can thank its basketball program. Since 2006, the Bulldogs have earned seeds in the NCAA men’s basketball tournament 10 times, including reaching the national championship final twice. That 16-year period also coincides with the tenure of Barry Collier as Butler’s athletic director. He didn’t need an introduction to Bulldog fans when he was hired for the job, since he had coached the basketball team from 1989 to 2000, earning three NCAA tournament appearances. During that stretch, he was Horizon League Coach of the Year four times. Over the past 16 years, Collier also has presided over an aggressive push into higher levels of competition, jumping from the Horizon League to the Atlantic 10 in 2012, and then to the Big East in 2013. Since then, Butler has invested tens of millions of dollars in renovating or building athletic facilities for a broad range of sports, with the cost largely picked up by donors. And in fact, Collier has enjoyed particular success since 2006 increasing the number of donors and the amounts they give to Butler athletics. In the latest edition of the IBJ Podcast, host Mason King asks Collier, now 68, whether he plans to retire soon. That leads o a conversation about long-term goals, his success in fundraising and improving Butler athletic facilities, and Butler’s transition to the Big East. He looks to the past, including what he learned from Butler coaching legend Tony Hinkle, and to the future and his expectations for Butler basketball this year with the return of Thad Matta as head coach. The IBJ Podcast is brought to you by Taft.
38 min
172
Whiskey a-go-go: How Hotel Tango went from Flet...
In 2013, the Indiana Legislature created a path for artisan distillers to produce and sell spirits to the public by the glass, bottle or case. The hope was to start a micro-distilling industry in Indiana, and one of the first businesses to take the leap was called Hotel Tango Distillery. It was co-founded by husband-and-wife attorneys Travis and Hilary Barnes. With the help of a handful of investors, they opened a production facility and tasting room in an early 20th century carriage house in the Fletcher Place neighborhood. In eight years, it has grown to three tasting rooms in Indiana and retail sales in 25 states and on 120 military bases around the world. For 2022, Travis Barnes expects total sales of about $6 million. Travis is a former Marine who served in the elite special operations Reconnaissance force. He enlisted right after 9/11, and it turned out to be a life-changing experience, going well beyond the serious injuries he suffered in Iraq. A lot of what he learned in the military is encoded in the values and processes of Hotel Tango. In this week’s edition of the IBJ Podcast, he discusses Hotel Tango’s creation, its rocketing sales and how one of the state’s first micro-distilleries could establish such a big footprint in less than a decade. The IBJ Podcast is brought to you by Taft.
35 min
173
Indianapolis, suburbs banding together to free ...
Indianapolis leaders have pleaded with state lawmakers for decades to change the state’s formula for funding local roads, which they say shows favoritism to rural counties with sparse traffic. When the state determines how much funding to pass along, it counts streets, roads and thoroughfares by their length. So, for example, a one-mile stretch of a two-lane road in rural Parke County would carry the same weight as a one-mile stretch of the six-lane Keystone Avenue on the north side of Indianapolis. City officials would prefer the funding formula place greater importance on traffic volume and an area’s population.But there’s new hope leaders in the Indianapolis area can persuade Indiana lawmakers to make some changes. Suburban mayors in cities like Carmel, Fishers and Greenwood are becoming acutely aware that that the state’s funding mechanisms put their municipalities at a disadvantage.The cities are banding together in hopes their collective voice will be heard during next year’s General Assembly. In a conversation with IBJ Podcast host Mason King, IBJ reporter Peter Blanchard discusses the state formula and the potential that legislators would be receptive to funding charges.  
19 min
174
Indiana Fever’s president on team’s 5-31 season...
The Indiana Fever just endured its worst season since joining the WNBA in 2000. On Aug. 14, it finished the season on an 18-game losing streak, posting a record of 5-31. The Fever won the WNBA title 10 years ago, but the team hasn’t made the playoffs since 2016. It also hopes to see a major turnaround in attendance. Due to ongoing renovations at Gainbridge Fieldhouse, the team hosted home games in three arenas last season, and its average home crowd fell to about 1,800 fans. That’s roughly a quarter of what it drew in the mid-2010s. In 2019, Allison Barber was named president and chief operating officer of the Fever, which already was in rebuild mode. Since then, the team has won roughly a quarter of its games. Barber has an impressive resume that includes significant communications and community relations positions at the American Red Cross, White House and Department of Defense. Prior to joining the Fever, she was chancellor of Western Governors University Indiana. In this week’s edition of the IBJ Podcast, host Mason King asks Barber why progress on the court has been so slow in coming. And Barber shares her take on the 2022 season, the franchise’s new rebuild strategy, her top priorities in the off-season and the challenges of leading an organization mired in a rough transition. The IBJ Podcast is brought to you by Taft.
36 min
175
Pete the Planner: Money lessons for your kids (...
We want our kids to learn how money and personal finances work at a fairly early age so they learn how to make smart decisions. IBJ happens to have a good resource for this bit of childhood development: personal finance columnist Pete Dunn, aka Pete the Planner. He has two kids, ages 10 and 13, and has spent several years trying to imprint them with economic wisdom. IBJ Podcast host Mason King has a 6-year-old with a keen interest in money, so he has turned to Pete for his advice in this week’s edition of the podcast. There are two kinds of advice here. There is the practical, mechanical side of money: yeaching your kids how to make money, how to save it, how to spend it, how to invest it and how to earn interest. Pete has been guiding his daughter through hands-on experiences with money since at least the age of 7, as she buys shares of stock, starts internet businesses and helps pay the family’s mortgage every month. The other kind of advice is more about values. How should you handle debt? How much should you rely on your family for financial help? Is becoming rich, by itself, a worthwhile goal? Is the experience of a teen working a regular job more or less valuable than trying to burnish a college resume with sports and academics? In the end, a lot of this advice is just as appropriate for adults. The IBJ Podcast is brought to you by Taft.  
40 min