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the equestrian connection The Healing Nature of Horses


• Local Santas • Revisiting the Peter Principle • Senator Victoria Spartz

Agape participant connects with a horse during a lesson focusing on strengthening life skills.



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December 2017 / January 2018 Published six times per year by the Hamilton County Media Group PO Box 502, Noblesville, IN 46061 317-774-7747 EDITOR/PUBLISHER





Playing Santa

15 18



Dining Out Indie Coffee Roasters

22 24 25

Senator Victoria Spartz

Roundabout Pitch-In Chamber Pages

Columns 6



Management Dr. Charles Waldo


Ethics Charlotte Westerhaus-Renfrow


History David Heighway

CORRESPONDENTS Christine Bavender Jennifer A. Beikes Ann Craig-Cinnamon John Cinnamon Jane Willis Gardner Karen Kennedy Shari Held Susan Hoskins Miller Samantha Hyde Patricia Pickett CONTRIBUTORS David Heighway Robby Slaughter Dr. Charles Waldo Charlotte Westerhaus-Renfrow

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Cover photo courtesy Agape Therapeutic Riding Resources 4

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December 2017 • January 2018 • Hamilton County Business Magazine

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Letter from the Editor December 2017 • January 2018

The Polar Bear Express is operating this year, but it’s in Kokomo instead of Noblesville. You can’t blame the Indiana Transportation Museum for taking its business where its welcomed instead of where its rejected. The ITM operated the popular Christmastime excursion train for years between Noblesville and Fishers. I’ve been walking on 8th Street when the train went by, waved to the kids as they enjoyed what may well have been their only train ride ever. It was pure magic.

Mike Corbett Editor and Publisher

Hamilton County residents gladly paid upwards of $35 a ticket to give their kids this unique experience, and the excursion sold out at that price for years. But due to the misguided ambitions of a couple of local mayors, the Polar Bear Express has moved to Kokomo this year. That’s right, a thriving business that operated here for years without public subsidy is forced to another community by our own elected officials, who don’t see any value in providing an entertainment attraction of this type. Logansport, on the other hand, does. In fact, its throwing a parade to welcome the Nickel Plate to its community. So the Polar Bear Express, based in Noblesville for years, is operating between Kokomo and Logansport this year, giving Howard and Cass County residents an opportunity that we no longer have. That experience, that revenue, that cultural icon is going elsewhere because we can’t see the potential for excursion train rides on our own railroad track. The controversy is too complicated to explain in detail here but, in a nutshell, the cities of Noblesville and Fishers want to tear up the Nickel Plate Railroad tracks (the second oldest railroad line in the state) to build a hiking/biking/walking trail. The issue is currently before a federal panel that will decide if the cities can “railbank” the right of way and take out the tracks. Converting rails to trails is a common practice but authorities usually target abandoned rail lines. In this case, the line was still in use, so our local leaders kicked ITM (self-supporting) off the tracks to make way for the trail, which will cost the cities millions. I am an ardent trails supporter and an avid bike rider. I love trails. We need more of them in Hamilton County and I will support well-conceived and well-designed plans that go where people want to go. This is an ill-conceived idea that doesn’t seem to meet any market demand, and is sacrificing a popular and thriving non-profit business that has been contributing to our quality of life for more than a generation. Pick your issue: government overreach, tourism, cultural preservation, love of trains, economic development, taxes, free enterprise, government transparency or just plain bullying. This episode has elements of all of these. To pick just one that applies specifically to the mission of this magazine: our local governments ought to encourage private enterprise, not throttle it with heavy handed political tactics that deprive our residents of a valuable, irreplaceable and cherished public asset. To learn more, check out the website Happy Holidays. See you around the county,

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December 2017 • January 2018 • Hamilton County Business Magazine

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Management Charles Waldo

Rising to Your Level of Incompetence A promotion can be disastrous. Be aware of the Peter Principle. below, made changes, and cut the failure rate to about 10% in two years.

During 40 years of college teaching and management consulting I built up quite a holding of books of many types. No book got pitched as long as it could be squeezed on a shelf or stacked someplace. Recently, while “weeding” in preparation for moving to a smaller home, I “re-discovered” two excellent books that warranted re-reading: The Peter Principle: Why Things Always Go Wrong (1969), and The Peter Prescription: How To Make Things Go Right (1972), both by Dr. Laurance J. Peter.* Each takes a light-hearted, satirical look at a serious issue that arises in all areas of organization life: failure after a promotion. A sales manager gets fired after years of success as an individual contributor. A professor doesn’t make it as department chair or dean after years of brilliant teaching. Pastors are cut loose from their latest and largest church after five previous successes. Professional baseball players start in Little League and for years fight their way up the baseball “food chain,” finally make it to the Big Show, but don’t stick. The phenomenon is everywhere.

“Getting Peterized” “In a Hierarchy every employee tends to rise to his level of Incompetence.” What do you think? Is The Peter Principle often true? Does an employee’s competence in the current job lead to promotions into higher level jobs until he gets into a job he cannot perform well (isn’t competent), then gets “buried,” terminated, or quits? Have you seen this phenomenon acted out? Have you been 8

Peter Principle Questions

“Peterized” or know others who have? I was once. Back in the early-70’s most of the managers in the company I was with felt The Peter Principle was truer than we wanted to admit. A serious example was the loss rate in our national field sales force, which was about 50% in the first two years of a customer service rep (the usual source for new salesmen) being promoted into the field. We tagged that “getting Peterized.” If they survived the first two years, they usually lasted many more. This 50% incompetency rate also applied to successful field salesmen promoted to district sales manager. Qualities that made them successful (competent) salesmen were not sufficient or appropriate for successful sales management.

If you believe the Peter Principle—In almost any hierarchical organization (and most organizations are hierarchical) an employee will continue to rise until he/she reaches his/her level of incompetence—is valid, do you just assume this phenomenon can’t be prevented or will you try to slow or eliminate the failure rate? If it’s the latter, here are some questions to ward off being “Peterized” if you are being considered for a promotion. With just slight variation these questions can be used by a manager in the process of evaluating a competent employee for a promotion, especially if it’s something very different from what she is now doing. 1.

The Performance Predictor Principle: One’s future performance on the job is generally best predicted by one’s current and past performance —good or bad. The more similar the old, current, and new situations, the more likely the same kind of performance will be repeated.


Know Thyself and To Thyself Be True: What are your best skills? What do you do really well? What do you like best and like to do most on your present job? What skills are your least best? What don’t you like to do? Don’t kid yourself.

This attrition rate was very costly, in both human and financial terms. So we took 3. Dr. Peter’s Prescriptions seriously, asked lots of questions similar to those shown

Know the Prospective Job and Incumbent: What skills and experiences are required? How do these

December 2017 • January 2018 • Hamilton County Business Magazine

match with what you have now? How can you overcome shortfalls? What has caused the incumbent to succeed (or fail)? Can you job shadow or temporarily try it out to get a feel for it before committing? What training will be available? 4.



The Bosses: How well do you and your present boss get along? Why? What do you know about your likely new boss? How alike are they? What is her reputation? And how about your new co-workers? What is the culture? How like your current team? Turnover: What is the reputation of the prospective job? A potential pathway to additional promotions or a career killer? If a newly created position, how risky? What might happen if you turn down the promotion? Will there be other opportunities or will you be stuck where you are? Why are you considering this move? More money? To escape stagnation? To learn new skills? Job/

title prestige? Break away from present boss? Are there “red flags?” What if it doesn’t work out? Are you gone from the organization? 7.

Compensation: Going to almost any new job carries risks and, probably, new stresses and strains. It should carry a compensation increase. Will it be enough to offset the risks? How will your performance be measured and rewarded as time goes on?

it’s better to say, “No thanks, the timing is not right” or something similar than jump into a high risk situation. Continue to do great work where you are but then find ways to get ready to seize the next opportunity….maybe in your present organization, maybe elsewhere. Good luck!

Don’t get Peterized

*Dr. Laurance Peter, deceased in 1990, was a long-time university educator, holding a Ph.D. in Education from Washington State University. His first book, The Peter Principle, was turned down by 30 publishers before finally being accepted by Morrow. Just a few years after its publication in 1969, NINE MILLION copies had been sold, in 38 languages. The Peter Prescription followed in 1972 and also enjoyed considerable sales success. They apparently struck more responsive chords in the “real world” than with new manuscript evaluators. So much for publishers’ market knowledge. HCBM

Ask lots of questions of as many people as you can. Remember, the more unlike the new situation is to the one you are now successful in, the higher the odds of failure...getting “Peterized.” Sometimes

Charles Waldo, Ph.D., is Professor of Marketing (ret.) in Anderson University’s Falls School of Business. He can be reached at


Your Outside Life: How might this promotion affect your marriage, family, and non-work life? What if a relocation is required? Uprooting issues? Is the timing right? (It will probably never be perfect.) Take the family factor into consideration VERY carefully and seriously.

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December 2017 • January 2018 • Hamilton County Business Magazine



Charlotte Westerhaus-Renfrow

Transparency: It Cuts Both Ways

When to share information with employees and customers Transparency in business can be a very good thing. Sharing timely, relevant and accurate information with employees is an ethical and respectful practice that can help steer a business or organization away from failure and toward success. Employees seek and appreciate leaders and managers who freely share information. A recent study conducted by TINYpulse that analyzed data from approximately 300 companies and more than 40,000 responses found that management transparency was the top factor when determining employee happiness. The more transparent leaders were, the more employees trusted them.

To cc or to not cc Sharing information with employees and customers can enable workspace awareness, build trust and help companies achieve goals. Moreover, transparency can enable better decision making. But transparency also has an opposite side—a “blind side” of excessively sharing critical information that can backfire and threaten to cause more business pain than gain for everyone. The development and utilization of transparency does not guarantee success. For example, managers and leaders who excessively share too much “what” and not enough “why” often create a blaming culture that discourages employees and diminishes motivation. Too much transparency of employee errors can also result in people hiding innovative ideas. Elevated levels of visibility of mishaps can reduce creativity as people fear the watchful eye of their superiors. Furthermore, managers who consistently use transparency in order to punish bad behavior and recognize good work may also communicate moral standards that are impossible to meet. When employees have this impression, they are motivated to resist, resulting in less citizenship behavior. Even the best employees can and will occasionally make mistakes. 10

Another seemingly innocent attempt to exhibit a sincere emblem of transparency is when managers and employees include everyone involved in email correspondence. David De Cremer at the University of Cambridge recently studied organizations in which cc’ing others on email was the norm; and those in which colleagues were only occasionally cc’ed. De Cremer found that distrust was significantly higher in the organizations where cc’ing was the norm. De Cremer’s results indicate that people evaluate this practice as signaling distrust, which reduced their trust in and commitment to the organization. Conversely, those organizations where colleagues almost never cc’ed others were held to be the least distrustful. Despite the outcome of this research, many managers and employees utilize widespread methods of electronic transparency within their daily interactions, including the common use of email. Many individuals consider that the greater the number of people involved, the smarter decisions will be and the greater the buyin. The potential ensuing issue, however, is that it typically takes much longer to come to a decision when several people are included in a long chain of emails. While transparency in digital communications is not the panacea, there can be no doubt that organizations now operate in an expanding universe of information technology. Shareholders, employees and the general public live and work in a world where, on average, over 2.5 million users share content on Facebook, 350,000 tweets are sent, and 270,000 snaps are shared through Snapchat in a single minute. As a result, employees and consumers in the current marketplace expect more transparency and disclosure.

The Double-edged Sword In the quest to garner greater employee and customer trust, engagement and productivity, a number of businesses utilize progressive transparency initiatives and

programs. For example, in an effort to reduce employee frustration, Buffer reveals the salaries of each employee by name. Whole Foods, which was recently acquired by Amazon, labels its food products so customers can tell if they contain GMOs (genetically modified organisms). Zappos promotes an extranet that gives vendors complete visibility into their business in order to improve the lives of their sellers and backers. In order for transparency to serve as a catalyst for sound ethical decisions and subsequent actions, managers and leaders need to distinguish why they should share information and how to balance transparency against risks related to privacy and confidentiality. They also need to know how to responsibly share information especially when using emails and other messaging services to communicate with employees and the general public. Behind every email is a person. Thus, the biggest risks are not emails and browsing websites, but how people in organizations use these technologies. Transparency is a double-edge sword. The lack of an effective transparency game plan can hinder rather than help effectuate organizational objectives and employees’ abilities to fulfill the core business. On the other hand, transparency reveals a silver lining in regards to ethical practices. Transparency can help businesses and organizations become more responsible and respected corporate and social citizens. And responsible and respected citizens seldom go out of business. HCBM

Charlotte Westerhaus-Renfrow teaches management and business law at IU’s Kelley School of Business and is President of ChangePro LLC, a leadership development consultancy.

December 2017 • January 2018 • Hamilton County Business Magazine


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December 2017 • January 2018 • Hamilton County Business Magazine 11

Portraying Santa is a passion for those with a certain resemblance By Ann Craig-Cinnamon

Tim Etter

poiler alert: If you believe in Santa, stop reading right now. For the rest of you, you’ve probably noticed that we have again arrived at that time of year when our malls, homes and events are populated with men sporting white beards, wearing red suits trimmed in fur and displaying a jolly disposition. At least the ones doing it correctly have a jolly disposition. Have Rev. Byron Fitz pictured here and throughout you ever wondered who these people are this page and how they came to play Santa Claus? The Outlet Mall in Edinburgh was his first Santa assignment. Now, his calenWell, it’s actually a rather lucrative side dar is full of events, even throughout the job and for the crème of the Santa crop it can be a year-round gig. It’s a business year, and he says he is one of the mostand comes with the usual business-relat- booked Santas in the area. ed issues such as training (yes, there are His appearances include homes, busiSanta schools), liability insurance, appro- nesses, charity events, libraries, restaupriate “uniform”, marketing, scheduling rants and nursing homes. “I go to two and transportation (and I don’t mean a different nursing homes, and one lady sleigh with eight tiny reindeer). who is 93 years old sat on my lap,” he says.

is in a picture to see where your hands are. So it can’t be said that you put your hands somewhere you shouldn’t have. So we have to deal with that,” says Rev. Fritz who adds that you don’t come on set after smoking or drinking either. So how much money can a busy Santa actually make? Rev. Fritz says he grosses $12,000 a year portraying Santa, something that goes on his taxes just like any business. However, other than paying for expenses, he gives it all away to charity. Through his church, Rev. Fritz has established several ministries in Africa and has helped pastors in Uganda and Kenya get masters degrees; purchased farmland in Uganda so that the local people can become self-sufficient; and has built classrooms for a school. Back at home, when people in his area come into church and

He’s the official Santa for the party prior to Yuletide Celebration, has appeared at Pacer games, the Indiana State Fair and a certain museum that he is not allowed to mention by name. He does both Christmas in July and the holiday season at the Harley Davidson store in Fishers. Now at the age of 63, Rev. Fritz is so busy that he often refers bookings to other Santas.

The Right Gear Byron Fritz paid thousands of dollars to have his vehicle wrapped as a “Hoosier Santa” mobile billboard. Normally you’ll find Fritz, and his vehicle, at the Cicero United Methodist Church where he has been pastor for the past 11 years. In total he’s been a pastor for 38 years. Rev. Fritz says when he was younger he looked like Jerry Garcia. “When I started turning white, people said ‘you ought to do Santa Claus’,” he says. So 16 years ago he went to a mall and bought a red zoot suit, trimmed it with fur and bleached his hair and beard. Now he has multiple suits including a Father Christmas suit consisting of a green crushed velvet robe and burgundy coat and a red and white striped 1920’s style swimsuit that he wears for dunking booths. “My main suit now comes from Adele’s in Hollywood and it’s about a $600 suit. I have two belts that have been handmade for me,” says the pastor who advises that if you want to be Santa you need to have the right gear.

You know he takes it seriously when his phone rings and you hear ‘Have a Holly Jolly Christmas’ as his ring tone. “Yeah, I have a lot of fun with it,” he says and adds, “I’m an entertaining Santa. I do animal balloons. I do magic. I have probably 50

need help, he digs into his Santa funds to help them. “Then I get to be Santa all over again,” he says. Santas come from all walks of life. Take 52 year old Tim Etter who is an insurance company damage appraiser in his “other” life. He’s been portraying Santa since he was 20 when he found a cheap Santa suit on sale while shopping and decided to dress up for a young cousin. “It was a wonderful feeling being able to bring a smile to a child and to bring happiness. And it just took off from there,” says Etter.

His wife now makes his suits and he has 12 of them. After an incident that required emergency super glue repair, his or 60 different books. I do singing. So when beard is now real too. Etter has served as Santa for several museums, including the I come to a person’s home, I’m there for about an hour.” Rev. Fritz has a background Indianapolis Museum of Art; Westfield’s Festival of Trees; corporate events; homes in acting, puppetry and clowning which and charitable events. made him a natural at portraying Santa.

Santa Fund But like any business, there are important rules. “Make sure you wear white gloves. Some of that is for germs and part of it

December 2017 • January 2018 • Hamilton County Business Magazine

He donates some of his earnings to two charities and keeps dates open for families in need where he doesn’t charge. But his saying is “If money is being made, Santa gets paid.” 13

Imhausen teaches wanna-be santas through the group Hoosier Santas. “One of the Santa Schools says that I’ve got a bachelors in Santatology,” he jokes. None of these men portray Santa at a mall because Etter says that takes a special person to be in the chair for 8 hours and he says he enjoys more interaction with the kids. Clay Terrace in Carmel offers visits with Santa through the Christmas season. The mall hires them through a third party. Fred Imhausen Megan Coors, the Director of Marketing Etter is careful in public because he is rep- and Business Development says that over resenting a beloved figure. “I take special precautions when I go grocery shopping with my wife, I don’t go down the beer aisle or something like that,” he says.

1,000 families visit Santa each year at Clay Terrace. “We are delighted to know that through this experience not only do we draw visitors to Clay Terrace, but we have been a part of many family holiday traditions,” she says. For many Santas, it’s not just a money making proposition, it’s a passion. Rev. Fritz says he can’t imagine not being Santa. “For me it’s the joy. When a child’s eyes get big or they smile or they give you a hug. When kids run up to me and give me hug, there is nothing greater in the world.” HCBM

Santatology The Santa image is one of the reasons that 67 year old Fred Imhausen has been portraying Santa for 40 years. “The main reason I do it is I think that Santa is a representative of good and I like to see children smile,” says Imhausen, who sells houses when he’s not visiting them on Christmas Eve.


Facebook: Hoosier Santa 317-440-1391

TIM ETTER Facebook: KrisCKringle 317-442-4768

FRED IMHAUSEN Facebook: Indysanta-Fred 317-42N-POLE (317-426-7653) He too started small with church and neighborhood groups and now has a busy season appearing at museums, craft shows, homes and businesses. He also makes free appearances such as at the Ronald McDonald House and elsewhere. But the realities of the world we live in have caused him to get liability insurance with a child molesting rider. “I get it now, partly to protect me and partly to set yourself apart from others to let people know you are serious about it,” says the REALTOR. 14

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8411 Fishers Centre Drive | Fishers, IN 46038 317-436-7488 December 2017 • January 2018 • Hamilton County Business Magazine

Cover Story

Agape rider prepares to showcase her riding skills in Agape’s Annual Mane Event Horse Show.

Horses connect with people in special ways at Agape By Susan Hoskins Miller Photos courtesy of Agape ucked away in the countryside north of Cicero is a 13-acre horse farm with riding arenas and beautiful wooded acreage with trails. But this isn’t just any horse farm. This farm is Agape Therapeutic Riding Resources.

Agape’s motto is “Unbridled Hope.” That’s what they give to their 1,900 clients every year. Most come weekly. Agape’s clients come to them with a wide range of issues they need help with healing. Some can’t verbalize their thoughts, some have memory issues and some have physical disabilities. The horses, guided by professional therapists and

December 2017 • January 2018 • Hamilton County Business Magazine

instructors, bring out abilities in these students they have never before been able to master on their own or through traditional therapies. “Agape does equine therapy as opposed to hippotherapy,” said Doneta Wire, who, with her husband, Ben, has volunteered at Agape for the past 19 years. “We are 15

Agape’s executive director, Amanda Bocik, says horses are so sensitive they pick up on patients’ feelings and inner turmoil then mirror those back to the clients in real time.

people of faith, and we know that God is working here, too. We’ve served in many different capacities as volunteers, and we’ve seen miracles.” One miracle they’ve witnessed happened with a client named Bill. “He was in his thirties when he came to us,” Doneta said. “He was developmentally at a grade school level and didn’t speak much. He was also shy. He was so unsure of himself when he started on the horse.”

“This gives the students an opportunity to see what they are doing,” she said. “They learn how their actions and behaviors affect the horses so they change their behaviors.” How the horses help students become verbal, improve their memories and other abilities aren’t so easily explained, but the results can’t be denied.

Beginners like Bill don’t use regular reins when they first ride a horse until they are a little more experienced. “They use a large strap that looks like a handle. He was sitting on a big pad and held on to that strap so tight the horse thought he wanted it to go faster,” Doneta said. “We worked with him for two or three years and he started improving.” Soon Bill was able to not only guide the horse, but he gained confidence in his own abilities. The biggest difference, though, was in his verbal skills. “He’s now a spokesman for Janus,” Doneta said. “His guardian attributes his speaking skills to Agape.

Unconditional Love Ben said volunteering at Agape is therapeutic for him and Doneta, too.

274 Volunteers Agape has 20 horses and 7 miniature horses that serve its two campuses. The main campus is the Cicero farm. The other is in Bradford Woods just south of Indianapolis near Martinsville. Agape rider connects with her horse while she grooms him to prepare for her lesson.

The word Agape (pronounced uh-GAHpay) is Greek for unconditional love. That is the environment that Agape provides for all its clients, their families and volunteers.

Equine therapy experts say a horse’s gait “The staff, other volunteers and the is so much like a human’s gait that ridfamilies of the clients are the most loving ing a horse exercises groups of muscles people you will ever see,” he said. “We in people who are physically unable to learn so much from them.” use those muscles. That’s why the physical improvements are so dramatic. Riding a horse is much more fun and effective than hours of physical therapy exercises and why results happen more quickly for patients.

Agape instructor teaches riding skills to a therapeutic riding participant.


Agape also has clients who are unable to ride horses, such as wounded veterans. Those clients drive horse-drawn carriages and carts. Even interacting with horses drawing carts results in dramatic changes in Agape’s clients, similar to those seen in patients who ride horses. Carriage driving increases physical abilities as well as emotional, social and cognitive abilities.

Programs and services at Agape include the riding therapies for individuals, as well as groups and classes of between five and twenty participants. The miniature horses are used in a program called Memory Lane when they are taken to nursing homes and senior centers, led by certified instructors. Agape’s Instructor in Training Program trains future instructors as they work to become certified through PATH International, the Professional Association of Therapeutic Horsemanship. Agape is run by a staff of 20 comprised of 12 full-time and eight part time employees. Twelve are PATH International certified therapeutic riding instructors, six are PATH International certified equine specialsts in mental health and learning and two are PATH International mentors. It relies heavily on its 274 active volunteers who come every week. Agape is governed by a 15-member board of directors with committees for governance, finance, development, facility and expansion. The Cicero farm has a heated indoor riding arena, a classroom, wooded riding trails, and a family viewing area where parents and siblings can watch the arena through large windows.

December 2017 • January 2018 • Hamilton County Business Magazine

Agape has many opportunities for individuals, businesses and groups to volunteer and for team-building within businesses. Sidewalkers walk beside riders to make sure they are safe riding the horses.

“We’ve served in many different capacities as volunteers, and we’ve seen miracles.” -Doneta Wire Horse handlers keep the horses under control during lessons. Volunteers also help with grooming, tacking and leading the horses. Grounds and stable keepers help keep up the barn and property, which also includes cleaning stalls, filling water buckets, cleaning pastures and unloading hay.

Agape’s barn is handicap accessible, here an Agape horse waits for the lesson to begin patiently in the barn.

Groups and individuals can also help out with special fundraising events Agape holds every year. Donations are always needed from individuals and groups to help maintain the horses and property, which is expensive. Yet, they are able to keep the costs down for clients because of the generous donations and grants they’ve received thus far. Expenses keep growing, though, since there is a waiting list for clients needing services from

Agape, so the need for donations and gifts is ongoing. Ben Wire said one great need now is extra land near the Cicero farm so Agape can expand. “We need to be able to have more horses so we can serve more clients,” he said. “So if anyone has any land out there, please let us know.” HCBM

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December 2017 • January 2018 • Hamilton County Business Magazine



One on One with Senator Victoria Spartz Newly elected State Senator shares insights on her priorities and governing philosophy By Mike Corbett

ictoria Spartz, 39, was recently elected by a caucus of Republican precinct com committeemen to replace six Kenterm State Senator Luke Ken ley, who retired. Like Kenley, Spartz is from Noblesville, having married life-long resident Jason Spartz in 2000 and immigrated from her native Ukraine. She has been a citizen since 2006. They have two schoolage daughters.

VICTORIA SPARTZ: Growing up in a turbulent environment makes you more vigilant and aware of one’s liberties. HCBM: You have a business background that should serve you well in the legislature. What do you see as the biggest issues facing Hamilton County businesses? SPARTZ: Our state has been moving in the right direction, but we still need to continue benchmarking ourselves to make sure that innovation and human

SPARTZ: For example, we can always re-evaluate competitiveness of our tax structure and benchmark us against other states, re-assess our regulation burden on businesses and barriers of entry. We should also take a serious look at the efficiency of our educational system, welfare system and alignment of career opportunities and skills. HCBM: The Spartz family owns considerable real estate in Noblesville. Tell me your views on property rights.

The Spartz family owns Westbrook Village, an upscale mobile home park, and are farmers and land developers in Noblesville. Spartz has a financial background, is a CPA and has worked for various Fortune 200 companies and Big 4 public accounting firms. Most recently she was CFO for the Indiana Attorney General’s office, a post she resigned to avoid a conflict of interest with her elected position. She earned her BS in International Economics and MBA at National University of Economics in Ukraine. She has a Master of Professional Accountancy degree from IU Kelley School of Business and serves on the adjunct faculty at the Kelley School. She’s active in the Hamilton County Republican Party, having served as a volunteer, Vice Chair of the Party and President of the Hamilton County Federated Republican Women. This interview was conducted by email and is unedited. HAMILTON COUNTY BUSINESS MAGAZINE: You are an immigrant to the United States. Tell me how your background before you arrived impacts your political views.


State Senator Victoria Spartz takes the oath of office with daughters Ingrid and Lilianna, and husband Jason.

and financial capital will be retained and continue to grow in the long run. HCBM: Can you elaborate on this a bit? Can you give me an example of a policy moving us in the right direction and where we might be heading the wrong direction?

SPARTZ: Our nation was created based on a natural right to life, liberty and property. Property rights are extremely important for a free society and free individuals. HCBM: I’d like to know how you feel about municipal economic incentives like tax

December 2017 • January 2018 • Hamilton County Business Magazine

SPARTZ: I believe in local powers and local responsibility, so voters have an ability to have a more direct impact on these decisions. Although, we can take a look at enhancing flexibility, transparency of TIF adoption and expenditures, as well as broader involvement of elected local bodies. HCBM: In what way should local elected bodies be more involved? SPARTZ: By requiring that the capture of incremental value from any elected body be subject to a vote by that body. HCBM: You are in favor of limited government. Do you feel the state government is too large now and, if so, where do you think we should cut? SPARTZ: I believe we need to implement the COSO internal controls framework to enhance efficiency, effectiveness and accountability of our state government.

to advance Indiana’s brand even further, nationally and internationally, and establish long-term frameworks.

HCBM: What do you think is the biggest impediment to free enterprise in America and in Hamilton County?

SPARTZ: As Hayek discussed in his work (and also a lot of socialists), socialistic trends are inevitable, and socialism can be avoided only if we start recognizing SPARTZ: I am a big believer in free enter- the possibility of a development in this prise and amazed with some economists direction, which happened throughout and philosophers like Hayek, Friedman, history. I think we are at that point again. Mill, etc. Their work is as valid and I would like to quote Alexis de Tocqueville: “Democracy extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.” I would also add as someone who grew relevant today as it was during their up in a socialistic system that socialism times. I also think every student should creates two classes: political elites on top read “Democracy in America” written by and everyone else—equally poor. HCBM Alexis de Tocqueville in 1835. HCBM: I’ve noticed you like to quote writers and thinkers on economic issues. Who are your favorites and why?

photo by Victor McCarty

abatements, TIF districts, etc. Do you think our local cities are using them wisely?

HCBM: Can you explain what COSO is and how it works? SPARTZ: Sarbanes-Oxley (SOX) Section 404 required public companies to adopt the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control–Integrated Framework. This framework is the best practice for the design and operation of internal controls to achieve an organization’s mission and objectives, and includes five components: control environment, risk assessment, control activities, information and communication, and monitoring. In recent years, the importance of Enterprise Risk Management and internal controls has been getting more traction in the public sector. HCBM: Legislators often focus on a few favorite topics or issues on which to distinguish themselves. Do you plan to do that and, if so, what areas interest you? SPARTZ: I am planning to work on all priorities we have to address. As a business person and educator, I am very passionate about enhancing our competitiveness, business and innovative environment, and educational opportunities. We have an excellent opportunity

Thousands of Hoosier families have to choose between basic needs and wants each day. The Children’s Bureau Hope for the Holidays program is a perfect opportunity to help your kids understand the circumstances in which many of their peers live. Instill a giving spirit by sponsoring kids who need it most this season.

Beginning November 3, visit:

December 2017 • January 2018 • Hamilton County Business Magazine


Dining Out

Local Coffee Roaster promises unique coffee experience By Chris Bavender or the last four years, Indie Coffee Roasters has primarily operated as an online company or worked with other companies and wholesale partners. But that’s about to change when the coffee company opens its first brick and mortar location in Carmel in mid-January 2018 at 220 E. Main St. “It had always been a dream of ours to open a space for people to call home, but for the longest time it just wasn’t in the cards,” said Alec Tod, co-owner. “Then, after our partners prayed over the space after walking past it many times, they just had a good feeling when they saw the for sale sign, that this was the place for Indie Coffee Roasters.”

Emotional Connection

cess.,” he said. “But we don’t stop there. Our entire coffee bar experience will be centered on sharing the whole process with the guest from talking through tasting notes to teaching guests the differences between brewing methods.” At the beginning, roasting will take place one day a week and increase with demand. Indie Coffee Roasters will also offer public tastings and home brewing classes. Diane McAndrews, co-owner along with her husband, Kevin, is the Dir. of Retail. He’s the Dir. of Operations. Although the Carmel area abounds with coffee shops, she believes Indie Coffee will give customers the opportunity to have the freshest possible coffee.

Left to right: Alec Tod, Diana The coffee company’s name McAndrews, Jenny Tod, Kevin and slogan—there’s a new dog “Similar to the idea of McAndrews in town—originated in 2012 ‘from farm to table’ we when Tod and wife, Jenny, will be ‘from roaster to cup,’” McAndrews were looking for a name for their mini said. “Roasting fresh, quality, direct trade dachshund puppy that was a play on the beans on site will allow the coffee to word Indiana. That same philosophy was stand out.” applied to the name of the company.

“We love Indiana and we’re an independent company, very grass roots. So the word Indie made sense as in a mix of Indiana and independent,” he said. “As we were thinking through the opening campaign we really wanted to showcase the idea that our brand (highlighted from our mascot Indie) was the new dog in town, joining the (Carmel) greyhound.” Todd said the goal is to create a space where the coffee can be showcased “in the highest form.” “There’s one open air room dedicated to roasting, therefore you’ll be able to experience the whole process. We believe after seeing the coffee roasted there’s a sense of emotional connection to the pro20

Rethinking the Coffee Shop To that end, the 2,500 square foot shop’s atmosphere will feature a minimalistic retro style. Inside, there’ll be seating for around 50, with another 25 seats outside. “Indie Coffee Roasters wants to stand out as a place people feel comfortable coming in no matter what your coffee tastes are,” McAndrews said. “We believe in rethinking coffee as a whole and hope you can experience a new way of enjoying your favorite coffees.” “Our goal is for everything that we do to reflect our brand as a whole and specifically our values—‘We give, we welcome, we stand out, we educate, we have fun,’” Tod said. “We feel in order to do this ev-

erything from cups to design must be intentional. So, we hope this space will make you rethink the coffee shop experience.” Along with the coffee, customers will be able to enjoy a variety of baked items from area partners including scones, biscotti, muffins, and donuts on the weekend. As if things aren’t hectic enough trying to open the coffee shop, the Tod’s welcomed their first baby in November—a little boy named Roman Myles. While it’s a busy time, Tod said team members are there to lift each other up. “And in this season of a lot going on I lean on the rest of the team to continue to work together to grow this brand,” he said. “But, when you’re passionate about this as much as we are we understand we have to surround ourselves with amazing people to continue to grow the brand.” Within a year, McAndrews anticipates Indie Coffee Roasters will become an “accessible place for the people in the community, a destination for the people who are just visiting the area and where coffee knowledge has been elevated to a new level of appreciation.” For now, the focus is on the Carmel location, but the Tod’s and McAndrews’ plan on “unleashing” another location in the future. Indie Coffee Roasters will be open 7 a.m. to 6 p.m. Tuesdays through Thursdays, and 7 a.m. to 9 p.m. Fridays and Saturdays. HCBM

December 2017 • January 2018 • Hamilton County Business Magazine

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December 2017 • January 2018 • Hamilton County Business Magazine

Document Paper Driven Process Communicate your message through paper documents via copying, printing or scanning technologies

317-844-0033 21


A Summary of Recent Retail Activity

By Samantha Hyde

Atlanta Public Library


Technicolor, formerly Thomson Consumer Electronics, is closing its facility at 101 W. 103rd Street and shifting jobs to Georgia as part of a consolidation. KAR Auction Services is breaking ground on a new 250,000 SF global headquarters at Illinois & 111th streets, with plans to move in by the end of 2019.

Pulte Homes is moving into 11590 N. Meridian Street after the recent relocaSheridan’s newest restaurant, Young’s tion of Blue Horseshoe to new, larger Kitchen, celebrated its grand opening offices elsewhere in Carmel. Aflac and in September at 305 S. Main Street. The Hamilton North Public Library branch Paycor are both opening new offices at 11595 N. Meridian Street. Massage at 100 S. Walnut Street in Atlanta is undergoing a complete remodel, as is the Heights recently opened at 1438 W. branch at 209 W. Brinton Street in Cicero. Main Street. Cicero-based Indiana Recovery Services is expanding with a new garage and office space at 22275 N. US 31. Omega International Auto Repair is also growing, adding new buildings to its property at 2130 E. 226th Street.

Purple Ink LLC, an HR consulting firm that specializes in customized human resources services, opened in Carmel City Center. The new 174,000 SF Merchants Corporate Center is slated for construction at 4th Street SW. & 3rd Avenue SW. The Monon & Main development will include Anthony’s Chophouse & 3UP

Cicero Public Library

Cicero Dental Care, owned and operated by Dr. Steve Shields for the past 40 years, Art on Main Gallery & Gifts was purchased by Dr. Doug Hartley and is now operating as Cicero Family Dental at 21 W. Main Street. Art on Main Gallery & Gifts held its grand opening in in the same office at 411 N. Peru Street. September at 111 W. Main Street.


A 5-story office building at 250 W. 96th Street is undergoing renovation for the new St. Vincent Health Administration Office. A new eco-friendly trash bin cleaning company called Bin Cleanse is now serving Carmel and surrounding areas. CleanSlate Technology Group is doubling the size of its facility at 2071 Broughton Street in the Village of West Clay. Village Center Shoppes continues to expand with the construction of a 2-story office building at 12735 Meeting House Road. 22

Next summer, Indianapolis-based MJ Insurance is moving to a new building at 571 Monon Boulevard, but is currently working out of a temporary office at 4745 North Haven Point Boulevard. A popular Broad Ripple bakery, the Cake Bake Shop, is opening a second location in Carmel City Center next fall when the Baldwin Building is completed. National Bank of Indianapolis is establishing an office at 801 Congressional Boulevard for use in the event of a disaster at the current corporate office. Caliente Restaurant is expanding its footprint at 1400 S. Guilford Road.

Cafe Korea

FISHERS Riviera Maya Mexican Cuisine is opening a second Fishers location in the building at 9770 Crosspoint Boulevard that once housed Cheeseburger in Paradise. Cafe Korea is moving from its current location at 116th & Allisonville to a new space at 11003 Allisonville Road. A new Goodwill retail store is open at 7440 Fishers Station Drive. Noble Roman’s Craft Pizza & Pub is opening a location at 11715 Allisonville Road. In October, 5280 Bistro celebrated its grand opening at 11850 Allisonville Road. Audio marketing tech firm Fuzic, headquartered at 8766 South Street, has changed its name to Vibenomics. Downtown staple Archers Meats and Catering closed in September, and its building at 8655 E. 116th Street was sold to developer Corby Thompson for redevelopment as a retail center. Another Broken Egg Café opened a second location in the Nickel Plate District; the first opened four years ago at 96th and Meridian. Vital Connection Chiropractic is moving into a new medical office building at 12242 E. 116th Street. The Stations, a new development totaling 13,650 SF, is slated for construction just west of Kroger at 116th Street and Lynn Drive. Tequila Sunrise Mexican Cuisine opened in the Fishers Station shopping center at 116th and Allisonville. Tech support company Netfor is doubling its office space with a newly-renovated 17,500 SF office in Fishers Tech Park. Hamilton County Public Safety Communications is converting the former Ryan Fire Protection facility at 12933 Ford Drive into a backup 911 facility. Elevator engineering company Thyssenkrupp is remodeling over 37,000

October • November 2017 • Hamilton County Business Magazine

SF for operations at 11924-11936 Exit 5 Parkway. Indiana’s first virtual reality arcade, Altered Realities VR Arcade, is coming to Fishers in December at 10080 E. 121st Street. The Woods of Britton apartment complex is renovating after a fire in August damaged ten units at 12851 Canopy Lane. Over 9,300 SF of new retail space is under construction at Geist Point at 10395 Olio Road. Century 21 Scheetz is opening a new office at 116th Street and Olio Road. A new Starbucks is going in at 13701 E. 116th Street. Village Dental at Saxony is building a new 18,000 SF facility at 13390 Overview Drive. Indiana Members Credit Union opened a new

County, opened in November at 1109 S. 10th Street. Bash Boutique has chosen downtown Noblesville for its third store, now open at 884 Logan Street. Horizon Bank is also moving downtown to the historic building at 44 S. 8th Street. Indy Prep is moving into 1706 Pleasant Street. The new DentalWorks office is up and running at 17535 Terry Lee Crossing. Hood’s Garden is building a new 9,000 SF warehouse on its campus at 11644 Greenfield Avenue. A Martinizing Dry Cleaning location has opened at 14350 Mundy Drive. Life Refined Chiropractic is opening in January at 14297 Bergen Boulevard. Bank of America is opening a new banking center at 12873 Campus Parkway. Klipsch Music Center at 12880 E. 146th Street has been renamed Ruoff Home Mortgage Music Center.

WESTFIELD Indiana Members Credit Union

branch in Saxony at the corner of 131st Street and Olio Road. Tom Roush Lincoln is remodeling its facility at 13927 Trade Center Drive. In September, Sylvan Learning Center held grand openings for two new centers in Hamilton County, in Fishers at 11740 Brooks School Road and in Carmel at 1400 S. Guilford Road. The new Geist Community Center is under construction east of Olio Road on 96th Street, and will eventually include both a youth community center and a mosque.

Hoosier Storage continues to expand with a new 7,800 SF building at 17749 Sun Park Drive. The Downtown Westfield Association has moved into its new home at 120 Camilla Court. Greeks

Downtown Westfield Association

Pizzeria is moving down the street to a larger space at 231 Park Street. Co-working space the Union is closing its doors after two years of operation downtown. Marco’s Pizza is planning a new restaurant at 16072 Spring Mill Station Drive. The former restaurant space in the Jonathan Byrd Fieldhouse at Grand Park has been transformed into an e-sports gaming center dubbed Game On. A 300-acre mixed use real estate development known as NorthPoint is slated for construction on the southeast corner of US 31 & SR 38. Carmel-based Bastian Solutions has plans to build a 90,000 SF facility in the NorthPoint development. The Village Park Plaza redevelopment at 2222 E. 146th Street will include almost 13,000 SF of shell space. HCBM

Help us Restore the Nickel Plate 587 Steam Locomotive

NOBLESVILLE Indiana University Health’s first urgent care center in Hamilton County opened in August at 14645 Hazel Dell Parkway. A new Sport Clips franchise corporate office is opening at 5520 Pebble Village Lane. Bowl 32 at 845 Westfield Road has been rebranded Three-TwoFun and will wrap up its renovation and 7,800 SF addition by mid-December. Trends for Tails, a resale boutique benefitting the Humane Society of Hamilton

The Old 587, a steam engine with a storied past here in Hamilton County, will celebrate its 100th birthday next year. Help us get it back on the tracks in time. It is currently in mid-restoration at the Indiana Transportation Museum in Noblesville. Expert craftsmen are standing by to resume their work but need funding to continue. You can see the progress so far on the museum’s website: Under museum, click collection/restoration projects/Nickel Plate Road 587 We need your help. Please be informed, donate and volunteer. Donate online or mail checks to: Indiana Transportation Museum PO Box 83 Noblesville, IN 46061

Bash Boutique

December 2017 • January 2018 • Hamilton County Business Magazine


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Sponsel CPA Group hired Abigail Lingenhoel as a staff accountant in its Tax Services department.

Caitlin Rogers joined the Museum of Miniature Houses as Collections Manager, in charge of record-keeping and care for the museum’s holdings.

Abigail Lingenhoel

Caitlin Rogers

Alicia Kelly and Ephraim Rudolph joined Conner Prairie’s Communications staff as Communications Specialists.

Andy Hite was promoted to Vice President, Customer Service of CNO Financial Group.

Andrew Bradford was named vice president-chief development officer.

Andrew Bradford

Six new members were appointed to the Center for the Perming Arts Board of Directors: Kathy Krusie, President, North Region Community Health Network; Justin Moffett, Partner, Old Town Design Group; Jane E. Niederberger, Principal, Niederberger Ventures; Tony Robertson, CEO, PraxisMed; Quinn Shepherd, Managing General Partner, Shepherd Insurance & Financial Services; Deborah B. Wood, CEO, DWA Healthcare Communications Group. Becca Polak was named president of TradeRev, a mobile app recently acquired by KAR Auction Services. Chuck Coleman was promoted to senior vice president, general counsel and assistant secretary at KAR. Tobin Richer adds the title of chief marketing officer for TradeRev to his role as senior vice president, corporate communications at KAR.

Call your local representative Stanley Gurka for an appointment.

Bastian Solutions, a global systems integrator and consulting firm that was recently acquired by Toyota Advanced Logistics, a subsidiary of Japan-based Toyota Industries Corporation, announced plans to build a new manufacturing center in Westfield. Legacy Fund provided three $5000 grants for its Pillar Award winners to bestow on a favorite charity. The winners were: Family Success: Nancy Chance, executive director of Good Samaritan Network, awarded a $5,000 grant to Recycled Cycles, which reclaims and recycles gently used bicycles. College Readiness and Success: Alex Volyk, admissions advisor at Eleven Fifty Academy awarded $5,000 to Eleven Fifty Academy, a not-for-profit coding school that aims to help close the nation’s growing technology skills gap. Inspiring Places: Darren Peterson, architect, awarded $5,000 to Nickel Plate Arts, which supports, promotes and provides outstanding arts experiences along the 30-mile historic Nickel Plate Railroad. HCBM



STANLEY GURKA Registered Life and Securities Representative

Primerica, Inc.

8415 Allison Pointe Blvd, Suite 415 Castleton, IN 46250 Office 877-798-9957 Cell 317-374-1021

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December 2017 • January 2018 • Hamilton County Business Magazine

— F E AT U R E D E V E N T S —

For more information, or to register for any Chamber event please visit us at: or call 317-773-0086. Most events are open to the public with advance registration. …


Oct. 6 – 14, 2018 9-day trip Chicago departure $2399 PP/DO

Beijing ● Shanghai ● Suzhou ● Hangzhou

Contact us at 317-773-0086 or January 24th 11:30–1:00pm STATE OF THE COUNTY LUNCHEON Presented by Steve Dillinger Hamilton County Commissioner Purgatory Golf Club

Join us for a great lunch and the chance to learn about the many priorities and projects underway in Hamilton County. Corporate tables available. Public is welcome with advance registration. Call 317-773-0086

— NEW MEMBERS — • • •





CHAMBER HOLIDAY LUNCHEON Featuring Noblesville High School Choirs and North Elementary Hand Chime Choir Wednesday, December 6 11:30am–1:00pm Purgatory Golf Club NOBLESVILLE CHAMBER 2018 CHINA TRIP INFORMATIONAL MEETINGS December 7th @ 7:00pm–8:00pm December 13th @ 7:00pm–8:00pm January 11th @ 7:00pm–8:00pm Chamber Office ALL COUNTY LEGISLATIVE BREAKFAST SERIES 2018 LEGISLATIVE PREVIEW With Indiana Chamber President, Kevin Brinegar Friday, December 8 7:30am–9:00am Conner Prairie Interactive History Park


STATE OF THE COUNTY LUNCHEON Wednesday, January 24 11:30am–1:00pm Purgatory Golf Club






If you would like information on the 2018 Corporate Partner Program please contact our office at 773-0086.

Rodan+Fields Independent Consultant Dawn Claghorn 14408 Crystal Creek Dr. Noblesville, Indiana 46060 317-417-2844 Life Centers 3901 W. 86th St., Suite 111 Indianapolis, Indiana 46268 317-280-2635 Rothbaum Eye and Vision 18077 River Rd., Suite 103 Noblesville, IN 46062 317-773-5153 A I R Destination and Event Management 4971 N. 700 W. McCordsville, IN 46055-9503 317-335-7031 Berkshire Hathaway Indiana Realty 10765 Lantern Ln., Suite 102 Fishers, IN 46036 317-946-7070 Bash Boutique 884 Logan St. Noblesville, IN 46060 317-431-1378 Stony Creek Early Learning Center 15575 Stony Creek Way Noblesville, IN 46060 317-773-7695 Hamilton Town Dentistry 14139 Town Center Blvd., #200 Noblesville, IN 46060 317-773-9992 www. Priority Communications 3880 Pendleton Way, Suite 300 Indianapolis, IN 46226 317-805-1090

December 2017 • January 2018 • Hamilton County Business Magazine




Noblesville Chamber P.O. Box 2015 Noblesville, IN 46061 317-773-0086 Follow Us:

— L E G AC Y PA R T N E R S —


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     


 



  

  

  

  

  

    

  

 

       

  


 


 



 

 




   


   


       





                                   








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70 Byron Street Cicero, IN 46034 (317) 984-4079 The Northern Hamilton County Chamber of Commerce was privileged to be a part of a special Open House and Ribbon Cutting ceremony Thursday, October 26, 2017 at Hamilton Heights High School. Construction projects transformed the business, agricultural, engineering, band and choir areas into 21st Century learning environments.

Northern Hamilton County

Chamber Holiday Luncheon Thursday, December 7 • 11:30am - 1:00pm JBS United 4310 West State Rd. 38, Sheridan, IN 46069 Program includes the Sheridan and Hamilton Heights School Choirs Followed by a Wrapped Bottle Auction to help support 3 of our local non-profit charity organizations: Sheridan & Hamilton Heights Youth Assistance Programs of Hamilton County and Secret Families Christmas Charity of Hamilton County. Everyone that attends is encouraged to bring a wrapped bottle (Bottles can be your favorite drink, bubble bath, salad dressing, just to name a few)

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Vibcon Corporation 6660 E. 266th St. Arcadia, IN 46030 317-984-3543

Visit the complete Member Directory at

December 2017 • January 2018 • Hamilton County Business Magazine

UPCOMING EVENTS & HAPPENINGS Membership Luncheons December 21

Holiday Luncheon/Year-in-Review 11:00am – 1:00pm The Bridgewater Club, Carmel

January 18, 2018

State of the City 11:00am – 1:00pm The Bridgewater Club, Carmel

Priority Communications 614 N. Union St. Westfield, IN 46074

Gary Frey (Independent Insurance) Snap Fitness 220 W. 161st St. 331 1st Ave. NW #1 Westfield, IN 46074 Carmel, IN 46032 Guaranteed Rate 136 E. Main St. Westfield, IN 46074

Viking Sports, LLC 838 Wendover Ave. Westfield, IN 46074

Haworth 1618 Rossmay Dr. Westfield, IN 46074

Westfield Magazine 11216 Fall Creek Rd., #125 Indianapolis, IN 46256

Breakfast Events December 8 All-County Legislative Breakfast 7:30am – 9:00am Conner Prairie

December 12 Coffee with the Chamber 8:00am – 9:00am CrossRoads Church

January 9, 2018 Coffee with the Chamber 8:00am – 9:00am CrossRoads Church


Cambria Hotel - Westfield 18592 Carousel Ln. Westfield, IN 46074


January 12, 2018 All-County Legislative Breakfast 7:30am – 9:00am Conner Prairie

Other Chamber Events December 7 Westfield Young Professionals 5:30pm – 7:30pm Wellbrooke of Westfield

December 15 St. Vincent Sports Performance Ribbon Cutting 11:00am Jonathan Byrd’s Fieldhouse

Follow Us:

December 31 Westfield Young Professionals New Year’s Eve Bash 9:00pm – 2:00am Grand Junction Brewing The Tap Room

January 4, 2018 Westfield Young Professionals 5:30pm – 7:30pm Location TBD

Westfield Chamber of Commerce 130 Penn St. Westfield, IN 46074 317.804.3030

For details and online registration, please visit: or call 317.804.3030 December 2017 • January 2018 • Hamilton County Business Magazine


Hamilton County History

David Heighway

R.W. Wilson and The Wind Mill Electric Company hen examining the history of inventors in Hamilton County, occasionally a longforgotten figure will emerge. One such person was Richard Walter Wilson, known as R. Walter or just R.W. He was born in 1873 to a Quaker farm family near Westfield. It’s not known where or if he got an education in mechanical engineering, although Union High School in Westfield was very highly rated.

The Accumulator In 1905, Wilson created a system to get steady electrical power from windmills. A windmill, of course, does not run at the constant speed that’s required by a dynamo. (Now we can use computers to deal with this.) His system was mechanical and based on the flow of water pumped by a windmill into a water tank and then released at a steady pace. There was also a back-up battery bank which would be steadily recharged. A key part of the system was a device

the problem of a steady light, and that, with his invention, houses and barns supplied by it can be lighted for three or four days at a time even if there is a dead calm and the windmill does not make a single revolution.”

The Wilson shop and ten-foot mill.

for use in connection with such motors of irregular speed such as windmills which are applied to the pumping of water. Its principle objects are to provide automatic means for controlling the reception and delivery of energy by the accumulator and to generally improve the construction of apparatus of this class.”

An article in Scientific American was a little more skeptical: “…Mr. R.W. Wilson of Noblesville, Ind., seems to have reached a successful solution of the question, at least as far as the requirements of his own home are concerned…”

There was extensive media coverage on this in newspapers and magazines. The magazine Technical World said, “This simple harness, once put in operation, Complete lighting set consisting of regulator, water motor, dynamo and storage battery.

Ahead of His Time A company was formed in Noblesville in June 1906 called The Wind Mill Electric Company, (capital stock $20,000), for the purpose of manufacturing this system. The company got a Canadian patent for the accumulator in October. This was a good year for Wilson—he was married in September.

The water pumped by the windmill is delivered through a regulator to a water motor which drives the electric generator.

Generator room, machinery runs itself

will virtually run itself, requiring little or no attention. Mr. Wilson demonstrated called an “accumulator” in the patent the success of the invention at his own application and called a “regulator” in shop in Westfield, which is brightly media reports. lighted with wind-made electricity, and The patent description for the accumula- to all appearances it equals the steamtor says: “My invention relates to appara- made product that city folk enjoy.” tus for storing energy and regulating its The magazine Our Day said, “There is application, it being particularly adapted no doubt that Mr. Wilson has solved


Evidently the company didn’t work out, however. Nothing is heard about it after this and Wilson had moved to Los Angeles by 1910, where he lived for the rest of his life. So, was it a technical failure of some kind? Financial? Marketing? Or maybe like some tech start-ups today, he was too much ahead of the curve and there was not enough demand. Whatever the reason, it’s an interesting early attempt at green energy. HCBM

October • November 2017 • Hamilton County Business Magazine


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Digitally printed signs and banners of any size, vehicle wraps and graphics, T-shirt printing, laser engraving. Great customer service, fast turn-around. Family Owned and Operated. Serving Noblesville and Hamilton County since 1992. Also home of Noblesville Trophies. 773-7391

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October • November 2017 • Hamilton County Business Magazine



ver the past several decades investors have seen “once-in-a-generation” market events taking place every few years. These erratic market movements are the result of a fundamental change that has occurred in the nature of the stock market. The catalyst for the change? Improving technology over the past two decades has dramatically improved the speed and efficiency with which institutional investors (hedge funds, pensions, endowments, sovereign wealth funds, etc.) are able to move vast sums of money in and out of securities. Computers now trade with one another instantly and anonymously, allowing even the largest investors to sell positions rapidly. The stock market’s increased long-run volatility is the unintended consequences of this change. We believe that the rise of computer-driven trading has caused the stock market to become increasingly susceptible to a “feedback-loop crash”, where automated selling generates more automated selling and sends indexes plunging. Barron’s magazine is also ringing the alarm bells. It warned in its cover story on Oct. 16th, that assets being run by computer driven “quantitative strategies” have nearly doubled since 2007 and now total nearly 1 trillion dollars. When asset prices do start to fall, quantitative portfolios will automatically sell positions helping their users avoid big losses. “Buy-and-Hold” investors, we fear, will fare much worse. We believe that, similar to what happened in 2008, Main Street will again bear the brunt of the losses in the market. Today we are in the midst of an upswing in the market and all is calm. You could be forgiven for thinking the market is the same level playing field it once was. Look at what is different today: remarkably high valuations. We believe the unusually high equity prices that we see are a function of institutional investors buying into an uptrend without regard for fundamentals. When the current uptrend reverses and the same investors seek to exit their positions, the resulting price drops could rival or exceed the losses experienced in 2008. At ETF Momentum Investing, LLC we believe the best way to protect yourself from a stock market that is controlled by computers is to have a risk management system in place that automatically reduces risks as prices drop - and to have it in place before the next major selloff. We developed our approach working with real clients, before, during and after the global financial crisis. Our investment process seeks to make investing safer and more profitable by mathematically optimizing portfolio exposure to diverse asset classes ranging from U.S. equities to cryptocurrencies. We believe investors of all sizes can reduce risk and increase returns by following trends in global assets.

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Profile for Mike Corbett

Hamilton County Business Magazine December 2017/January 2018  

A bi-monthly review of business news and features for Hamilton County, Indiana, USA

Hamilton County Business Magazine December 2017/January 2018  

A bi-monthly review of business news and features for Hamilton County, Indiana, USA

Profile for mcorbett