Spring 2014 Archives • Northwest Indiana Business Magazine

Family Traditions

Hard work, strong values and careful planning help family businesses last. by Jerry Davich Family-owned businesses employ two-thirds of America’s workforce and generate nearly 80 percent of all new job creation in this country. These so-called “mom and pop” companies, roughly 5.5 million strong, also comprise 35 percent of Fortune 500 firms and have an …

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Data Breaches

They happen everywhere. How can your company be safe? Almost no industry seems to be free of data breaches. In retail, we’ve heard about Target and Neiman Marcus (and now Sears and other retailers are investigating whether they have been hacked). In education it’s Indiana University and University of Maryland, the most recent as of …

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Stuck in the Past

It’s time to take a smarter approach with Indiana marijuana laws. by State Senator Karen Tallian (D-Portage) The young woman called my law office, tearfully pouring out her story. As an 18-year-old at a graduation party, she had been arrested and charged with possession of a small amount of marijuana. She was booked and made …

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Family Ties

Graham Rahal behind the wheel of dad Bobby’s race car. by Ben Smith The videotape is semi-legendary now. Graham Rahal has mentioned it a zillion times now these last five or six years, because it’s a good place to start with him, a good place to trace the source of everything he is and maybe …

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Clearing the Hurdles

South Bend area seeing economic-development success. by Heidi Prescott Wieneke It’s not every day that a $3 billion company like Hubbell Inc. makes a long-term commitment to Indiana. But that is exactly what happened last year when the international steel box manufacturer invested more than $3 million in a new South Bend distribution center designed …

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Health and Well-Being

Community Foundation of Northwest Indiana has a broad impact. by Lauren Caggiano Everyone benefits when our communities are healthier and stronger. That’s what drives the Community Foundation of Northwest Indiana (CFNI) in its everyday work. CFNI is a not-for-profit 501(c)(3) organization that provides leadership and resources for the enhancement of health and the quality of …

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A New Spin

Merrillville venture remakes the Lazy Susan. by Kathy McKimmie At The Image House at Home, Amy Slater dreams of the day when every home will have one of her artsy Lazy Susans. She’s no stranger to dreaming big dreams, evidenced by the fact that the year-old venture is a spinoff division of her successful large-format, …

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Ahead of the Game

Dedication and inspiration create jobs across the region. by Jerry Davich Without fresh ideas and out-of-the-box thinking, the economy would never grow. That’s why young, entrepreneurial minds are such a vital part of the region’s future. Read on for some of their stories. Christopher Barbauld Ideas. Innovation. Inspiration. These words best define Christopher Barbauld. “It’s …

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Around the Region

ACCOUNTING Kruggel Lawton CPAs, welcomes Michelle Chupp as a staff accountant to the Elkhart office, and Mike Reed and Michele Reed, both staff accountants to the South Bend office. … Jill A. Jones, CPA, and vice president of McMahon & Associates, has earned a Certified Valuation Analyst (CVA) designation. Jones successfully completed the certification process …

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Dealing With Insolvent Customers

Should you sell on a secured or unsecured basis? Successful businesses must prepare for potential problems and possible solutions related to selling to and buying from companies that are insolvent, or may become so. Here are some considerations in that regard. An important business decision is whether to sell to customers on a secured or …

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