ARTICLES

Businesses may swallow Daniels' property tax plan despite initial grumbles about its implications:

Businesses are upset about the implications of Gov. Mitch Daniels' plan to reform Indiana's property tax system. And while they would certainly bear blows, executives may be discounting one of the proposal's subtlest selling points: permanent tax stability. "I don't know if it's too high or too low. But I do know that it's locked in stone. And businesses love predictability," said Matt Will, associate dean of the University of Indianapolis School of Business and director of its Graduate Business...
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CICP's chief launches raft of initiatives:

In January, Mark Miles returned to Indianapolis after more than a decade at the helm of the Association of Tennis Professionals to become CEO of the Central Indiana Corporate Partnership. Twelve months later, the CICP looks much different than it did under his predecessor David Goodrich. And it could soon change even more. A former Eli Lilly and Co. executive and aide to Dan Quayle, Miles, 53, has been one of the key players in the potential consolidation of the...
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Bringing Honda to Greensburg highlights a wild year for Daniels:

It was a banner economic development year for Gov. Mitch Daniels, topped by the blockbuster Honda auto plant deal. Thanks in part to a second trip to Japan, Daniels landed a $550 million plant for Greensburg in June. Slated to begin production in 2008, the plant is expected to employ more than 2,000 people. Two months earlier, Daniels unveiled "Accelerating Growth," his economic development plan for the state. Its ambitious goal is to boost Hoosiers' per-capita income to the national...
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Retailers worry private manager might change terms:

For the nine years she's owned the Lightning Food Mart in New Albany, Tammy Wolford has depended on the Hoosier Lottery to attract customers. So if Indiana leases its lottery to a private operator, it could directly affect Wolford's bottom line. "I am not for it," she said. "I really feel if that happens, eventually it will come down to the retailers who will be losing." Gas station and convenience store owners like Wolford fear a private lottery operator might...
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How far does $1 billion go in the marketplace for superstar students and world-class academics?:

Gov. Mitch Daniels proposed the Hoosier Lottery lease to fund incentives for higher education. Just how much will $1 billion buy? Daniels wants to put $600 million in a permanent endowment to finance Hoosier Hope Scholarships aimed at retaining the state's top high school graduates. Endowment proceeds, Daniels said, will pay for 1,700 scholarships annually in perpetuity. The program will hand out $5,000 annual scholarships for four-year colleges and $2,500 annual scholarships for two-year degrees. The payouts would be considered...
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Credit Suisse applies Indiana private-equity-investment model in other states:

New York-based investment bank Credit Suisse is building quite a book of private-equity business in Indiana. Credit Suisse has been chosen to manage the Indiana Public Employees' Retirement Fund's new $105 million Indiana Investment Fund. It also directs the $73 million Indiana Future Fund, which was launched by BioCrossroads, a local organization dedicated to developing the state's life sciences industry. Indiana's not the only place Credit Suisse is applying its expertise. Last fall, Ohio formed the Ohio-Midwest Fund, a regionally...
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Lessons from attorneys on the front lines in India: Be ready to grease palms, face cultural differences:

BANGALORE, India-Petty bureaucrats are more than a nuisance in India. Some like to line their pockets. And if minor officials don't get what they want, they might shutter a U.S. company's operations. Given enough time and money, disputes can be settled in India's infamously slow courts. But V. Umakanth, a Bangalore partner with the Indian law firm Amarchand Mangaldas, counsels clients to simply make the small grease payments some administrators expect. "There is still corruption. Foreign businesses need to deal...
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Mayor slashes city spending, combines local police forces:

It was the roughest year yet for Mayor Bart Peterson-at least until 2005's final weeks. In the spring, the I n d i a n a G e n e r a l Assembly defeated the majority of his proposed Unigov overhaul "Indianapolis Works." So Peterson, a Democrat, spent the summer slashing local spending. State legislators left the door open on one major Indy Works provision: Peterson's controversial plan to merge the Indianapolis Police Department with the Marion County Sheriff's...
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New governor brings business mentality to state government:

As he took office in January, Gov. Mitch Daniels' first order of business was just that: Apply a business mind-set to state government. That meant efforts to improve the efficiency and cooperation of state agen- Envisioned by Republicans as a publicprivate partnership, IEDC swallowed and replaced more than half a dozen boards and agencies such as the Indiana Depart cies. It also meant key changes to economic development. The creation of the Indiana Economic Development Corp. was one of his...
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