It Was a Very Good Year

Out with the old and in with the new?

Not at the Indiana Chamber, where each year brings a mix of familiar membership offerings and additional opportunities to maximize your investment. All businesses – and their needs – are different. That’s why you can choose from a multitude of resources and benefits.

Revisit 2017 with a brief (though not comprehensive) recap of highlights:

  • Legislative advocacy: The Chamber’s policy work in 2017 yielded a return on investment of $1.575 billion for Hoosier businesses (or $587 per employee). Among many legislative victories were a long-term road funding plan, expanding the state’s pre-kindergarten program, and several technology and innovation advances.
  • Preparing for 2018: The second annual Indiana Technology & Innovation Policy Summit on December 1 set the stage for the upcoming General Assembly
  •  session. Discussions centered on enhancing the state’s tax and business climate, software-as-a-service, certified technology parks, expanding investment capital, autonomous vehicles and data centers.
  • Indiana Vision 2025: The Chamber’s long-range economic development plan includes a biannual Report Card comparing the 50 states in 62 metrics related to 36 goals (grouped by four drivers: Outstanding Talent, Attractive Business Climate, Superior Infrastructure, and Dynamic and Creative Culture). The Chamber conducted 11 statewide regional forums – expanding the conversations to even more areas than in the past – to discuss the results, obtain local analysis and share best practices.

Business Education and Events: Did you take advantage of the 50-plus training opportunities or variety of regulatory compliance guides? Many members turn to these resources to ensure their staff is trained and protect their business from non-compliance fines!

Ann Compton

Annual gatherings collectively draw thousands. Among them were the Safety and Health Conference and Expo (the largest event of its kind in the state), Human Resources Conference and Expo and Legislative Dinner (former ABC News White House correspondent Ann Compton shared personal stories and an optimistic perspective about our country’s future).

An extraordinary 100 workplaces celebrated their success at the 2017 Best Places to Work in Indiana Awards Dinner. Mark your calendar for the 13th annual event on May 3, 2018!

NFL legend Peyton Manning entertained 2,000-plus attendees at the Chamber’s 28th Annual Awards Dinner on November 7. Register today for the 29th Annual Awards Dinner on November 13.

Stretch

Affiliate programs: The Wellness Council of Indiana recognized 19 organizations with AchieveWell designations (part of a comprehensive assessment and evaluation) and continued to grow its Indiana Healthy Community Initiative.

Indiana INTERNnet, a free high-tech and high-touch internship matching service, filled 909 internships (up from 726 last year!) and broadened its focus with a pilot program aimed at high school students. The annual IMPACT Awards luncheon, which recognizes internship excellence, drew a record number of nominations for its February 2018 celebration.

Indiana Chamber web site

Inside the Chamber: Our new web site is more streamlined and user friendly. In addition, the site is responsive – you can access on your tablet or smart phone any page or post you can view on your desktop. Another highlight is the Member Benefits page, now organized in four key areas: advocacy, compliance and information, savings and visibility.

The EchoChamber podcast features informal discussions with Indiana leaders in business, education, technology, politics and much more. Most recently, Blair Milo, Indiana’s first Secretary of Career Connections and Talent, discusses state efforts to meet employer needs. Stay tuned for what’s coming and check out the archives.

Wrap up the year by celebrating Indiana’s manufacturing legacy in the January-February issue of BizVoice® magazine. We’ll feature companies and stories from across the state as we explore “Manufacturing: Yesterday, Today and Tomorrow.” It will be available online and in the mail the last week of December.

BizVoice: Takeaways on Building a Business

The November-December edition of BizVoice® wrapped up a yearlong series with Fishers-based Recovery Force. The promising start-up develops wearable medical technology devices intended to increase circulation among other benefits.

BizVoice has followed the company’s progress over the last year, from early inception and beginning work to grow the organization to now, as the company is seeking advanced funding rounds and products are heading to market in 2018.

The first story highlights the Recovery Force beginnings, including the unique approach to solving an everyday medical challenge. Team building is featured in the series’ second story, and the third takes a look at the federal regulatory and grant environment.

Company advisors, from business experts to a former Indianapolis Colts player, discuss their roles with Recovery Force in the fourth story. And the fifth story puts fundraising front and center.

Recently, Recovery Force co-founder, president and CEO Matt Wyatt joined BizVoice editor Tom Schuman on Inside INdiana Business to discuss what’s next for the company in 2018. Watch the video below:

Find all of the Recovery Force stories and more from the November-December edition of BizVoice at www.bizvoicemagazine.com.

And the Winners Are…

28th Annual Awards Dinner

With a day to absorb and reflect on the events of Tuesday evening’s 28th Annual Awards Dinner, we’ve concluded it was one of the best yet – and the largest audience by far with over 2,000 business, government and community leaders in attendance from all over the state.

Gov. Holcomb, Kevin Brinegar

Highlights of the event included the revealing of recipients of our four annual honors: Tom Easterday, Business Leader of the Year; Rep. Ed Soliday (R-Valparaiso), Government Leader of the Year; the City of Goshen, Lifeline Data Centers Community of the Year Goshen; and Scott McCorkle, Indiana Vision 2025 Dynamic Leader of the Year.

Additionally, Gov. Eric Holcomb touted Indiana’s economic development success to the crowd and presented Indiana Chamber President and CEO Kevin Brinegar with a Sagamore of the Wabash (his second award for distinguished service; the first was presented in 1992 by then-Gov. Evan Bayh).

Videos of the award winners are available here, along with the press release and more photos.

Our 2017 Volunteer of the Year luncheon, fall board of directors and annual membership meetings also took place earlier in the day. During the meeting, outgoing board chair Ron Christian passed the chairmanship to Chuck Baldwin, managing director at Ogletree Deakins law firm and based in Indianapolis.

Chuck Baldwin

Incoming Indiana Chamber Board of Directors Chair Chuck Baldwin (left) receives the gavel from outgoing Chair Ron Christian.

The November-December edition of BizVoice magazine is now live as well. Read in-depth stories about all our award winners, along with the sixth and final story in a series on Fishers-based Recovery Force. Other content includes our 50-year honor roll of Indiana Chamber member companies, a look back at two companies celebrating 100 years in business this year, and where we’re heading with Indiana Vision 2025, the Chamber’s long-range economic development plan for the state.

The 28th Annual Awards Dinner will be remembered for years to come, not only because of the people and communities honored, but because it caps off a year of business and legislative success in Indiana. Thank you to all who attended and made the evening memorable.

Be sure to mark your calendars for next year’s event on November 13, 2018.

28th Annual Awards Dinner crowd

Tech Talk: Guidance, Insights From the ‘Rise’ Experts

Last week’s Rise of the Rest tour stop in Indianapolis was a powerful testament to the continued emergence of central Indiana’s tech and innovation prowess. Before sharing some of the panel insights and a few observations, a little dose of reality must be included.

This was the 31st stop in recent years for AOL co-founder Steve Case and his traveling team. That means a lot of other cities and regions are also upping their games. In other words, we must keep advancing. Plenty in the Midwest and beyond are also pulling out all the stops to attract innovators, entrepreneurs and the jobs that come with their ideas.

Union 525A daylong series of events included a fireside chat at The Union 525 (recall our BizVoice® story earlier this year on the then emerging venue). Case, author/investor J.D. Vance, Federal Communications Commission (FCC) chairman Ajit Pai and former U.S. chief technology officer Megan Smith shared these gems, among others:

  • Case referred to ExactTarget as the “type of breakout iconic success that puts cities on the map.” He added that Indianapolis should be proud of what has been accomplished “but the next five to 10 years is the time to really accelerate.”
  • Calling the internet the “great equalizer,” Pai contends: “To me, no issue for the FCC is greater than closing the digital divide.”
  • Giving the example of doctors serving in the surgeon general role, Smith reminds that it’s important to “make sure entrepreneurs are in the room when determining entrepreneurship policy.” (A dictionary entry on that might point to Indiana and the 2017 legislative session).
  • Vance, speaking of the “downstream effects of the start-up economy” and the need for additional talent: “How do we take that person who has been out of the labor force and bridge the gap – marshal the resources that are on the sidelines.”

Case wrote The Third Wave: An Entrepreneur’s Vision of the Future. He notes the first wave was a decade-long effort (with 300 partners) in going from 3% of Americans online an average of one hour a week in 1985 to truly getting America online. The second wave was building out software services with a focus on apps, not partnerships.

“The third wave is integrating the internet in a much more pervasive way. It’s not about software but getting people and companies to integrate. Companies that think they can go it alone will fail. It’s the old proverb: If you want to go quickly, you can go alone. If you want to go far, go together.”

Asked about lessons they were taking away from their day in Indianapolis, several agreed on the strong culture and passion in the community. Vance added, “Entrepreneurs who had success are reinvesting in the ecosystem. It absolutely makes a difference. It’s not just the money, but the mentoring and the relationships.”

A student in the audience sought their advice for a young entrepreneur …:

Vance: “Don’t think you have to be the person with the idea. Being the fourth, fifth, 12th person in a high-growth company is a good thing.” (Stay tuned for a similar local sentiment in the coming weeks).

Pai: “Seek out people who fascinate you. People are happy to talk with you and share ideas.” (That is certainly the case in Indiana).

Case: “Pick a battle worth fighting. Don’t pick an easy problem. You only live once.” He recalls this comment from Nelson Mandela: “It always seems impossible until it happens.”

We’ve Got New BizVoice For You!

The September/October edition of BizVoice magazine is now live!

We’ve highlighted venture capital, banking/finance/investments and Indiana innovation. Our own Tom Schuman also followed Indiana Congressman Larry Bucshon (R-8th District) for a day in Washington D.C. Read his story and the rest of the new content in the online edition.

You can also subscribe to receive a hard copy every other month.

Lessons Learned From an ‘Almost’ Scam; Read More in September/October BizVoice

Have you ever been financially scammed?

I was, nearly. In my senior year of college, I got a phone call one night from a chipper-sounding gal that let me know I had won something (I don’t even remember now what the thing was!) and all I had to do was give my credit card information (I didn’t have a credit card, but did have a debit card. So, that’s much worse).

She made it sound like a sweet deal and was very persuasive. I obliged and handed out my numbers.

There was something in the pit of my stomach that didn’t feel right in the moment. As soon as I’d hung up the phone, I knew I’d made a huge mistake. I was at the local branch of my bank the first thing the next morning. As I stumbled through my explanation and through the tears of worry – and most of all embarrassment: how could I have fallen for it? – they assured me they had canceled my card and nothing illicit had happened.

I was lucky.

Lucky I listened to my gut and stopped it before anything could happen.
And lucky I was a college kid who didn’t have much money in her account anyway, had things turned out differently.

Not a grandmother who is scammed into giving away her life savings. Or a single parent in a desperate situation who is willing to put their hope into something – anything – that seems like a way out of a financial mess, only to have things get a lot worse.

And while banks and financial institutions have become more proactive about educating customers, improving their fraud policies and offering protection services and other means of fortification, there are still “bad actors” out there causing financial havoc.
As those “bad actors” have become more sophisticated over time, the ease of the internet has made all of us relax on our privacy and security. Who’s got a banking app on their phone? Is your password secure enough a thief couldn’t guess it? Are the answers to the security questions easy enough to figure out if someone were to do some research into your social media presence?

What are banking institutions doing to fight fraud? And how can customers – businesses and individuals – help shield their interests from falling into the hands of scammers?

We’re diving into the topic of fighting financial fraud in the September-October edition of BizVoice®. I’ll be speaking with Andy Shank, professional fraud investigator for Elements Financial, who spent 13 years as an investigator with the Indiana State Police and worked with the Federal Bureau of Investigation in that time.

We’ll look at what financial institutions are doing to guard their customers’ interests and ward against fraud, and Hoosier experts will offer tips on how you can protect your company and your personal financial interests.

See you in September!

Tech Talk: Sapp Moving But Not Going Away

By now, many of you have seen the stories and video (Inside INdiana Business interview) about Dustin Sapp. The Rose-Hulman Institute of Technology grad and Indiana tech leader for more than 15 years is moving to Colorado (for health reasons) but has also taken on a new role with Indianapolis-based Formstack.

Sapp was honored as the first Indiana Vision 2025 Dynamic Leader of the Year when the Chamber instituted the award in 2015. It was based on his business creation efforts – NoInk Communications, Vontoo and TinderBox (now Octiv) – and his contributions in giving back and helping grow the tech community.

Here are a few excerpts from our Dynamic Leader of the Year profile in BizVoice® magazine.

  • On founding a business: “Starting a company is a lot harder than people make it out to be. You can go to an event and it’s all about the energy and the excitement, but they don’t talk about the difficulty. Especially when you first begin – you’re the boss and the employee and the one making the coffee and the custodian and the accountant. It’s often a very lonely job.”
  • On priorities and why work should not be No. 1: “When it comes to burnout, a pattern we see is that it’s most often those who are the most career-driven. They pour everything they have into career, and it’s all that exists for them. So a requirement that I have for people is that they have something that’s more important than this business in their lives. For me, it’s straightforward: it’s my God and it’s my family.”
  • On the tech scene in central Indiana: “Indianapolis has always had the right attitude about the ‘rising tide,’ but now as you list the successes, you have a second level of talent investing back into the ecosystem, starting and joining other companies in earlier stages. We’re seeing a magical moment. Now our biggest gap is in getting a number of $20-$30 million companies, not just one or two. We need that middle tier, not just big successes and early stage start-ups.”

Profound words 18 months ago – and today. Dustin, thanks for everything you have done thus far and will continue to do for your team and our state. We wish you nothing but the best.

Nominations close June 16 for the 2017 Dynamic Leader of the Year award. The winner is selected based on success within their own organization, as well as their efforts to grow the state’s technology and innovation communities. Contact Jesse Brothers at jbrothers@indianachamber.com for more information.

BizVoice Earns SPJ Honors

Congrats to our communications team /BizVoice writers who earned three honors at the Indiana Society of Professional Journalists Awards Friday – a second place and two third place finishes: