IBJNews

Indianapolis Economic Development Inc. boasts job-creation success

Back to TopCommentsE-mailPrintBookmark and Share
On The Beat Industry News In Brief

If Indianapolis Economic Development Inc. CEO Scott Miller ever feels like a refrigerator salesman at the North Pole, he’s not letting on. In the worst recession since the Great Depression, it must be difficult to broker business expansions. But Miller’s making no excuses for the city’s job creation and retention figures. In fact, he’s touting them.

Miller

“In any given economy, somebody’s going to have their best year ever,” he said. “We’re trying to find these companies and help them grow.”

Miller took charge of IEDI a year ago for Republican Mayor Greg Ballard. So far in 2009, IEDI reports it has completed 30 projects, resulting in 2,295 new jobs created as of Sept. 14. IEDI’s efforts this year have also retained 3,476 jobs at businesses that considered moving elsewhere. And Miller said IEDI’s activities have convinced companies to make $132.9 million in local capital investments.

Still, the numbers are down from 2006, the best year for local economic development in recent memory, when the city landed $625.9 million in capital investments from businesses that created 4,921 new jobs and retained 14,207 more.

Miller, who commands a staff of 10, points to success stories such as the expansions of locally based AIT Laboratories, BioStorage Technologies, Comlux Corp. and StreetLinks National Appraisal Services. IEDI had a hand in all their expansions.

IEDI hasn’t propped up its numbers by using lavish incentives.

Under Miller, IEDI has been downright stingy with tax abatements, attracting $18.01 on average in private investment for every $1 of property-tax exemption authorized. That’s much higher than the ratio under Ballard’s Democratic predecessor Bart Peterson, when the amount of private investment gained per $1 ranged in various years from $3.39 to $15.89.

 

ADVERTISEMENT

  • IBJ....really!?
    I wish I had all the time in my life back that I have invested in reading worthless articles & tidbits from the IBJ. As a conservative, I am just not on this "Ballard & Company" bandwagon. This blurb was straight propaganda - how about some details of these deals the IEDI has supposedly done? Over how many years were these economic "investments" in Indianapolis committed? - and I love hearing "retained" next to the word "jobs." That's like the Obama Administration claiming they "saved" x number of jobs. I would like to know the net effect of "retaining" these jobs - something is always given away, whether it's tax incentives or training grants. By the way, the Indianapolis GDP is nearly $90 billion, does $133 million over X years create a ripple? I am not suggesting the IEDI is not a valuable organization, but let's not pat this mayor on the back just yet.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

ADVERTISEMENT