Government & Economic Development

Gay couples' lawyers object to full-court hearing

July 22, 2014
Associated Press
Attorneys on either side of a lawsuit over Wisconsin and Indiana's overthrown gay marriage bans are wrangling over how many federal judges should hear the states' appeal.
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Lawmakers approve pair of new license plates

July 22, 2014
Associated Press
A panel of state lawmakers on Tuesday approved license plates recognizing the Indy 500 and Abraham Lincoln under a new system clamping down on the number of special license plates on the road.
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Court nixes Obamacare subsidies for Indiana, 35 other states

July 22, 2014
 Bloomberg News and IBJ Staff
The Obamacare tax credits that brought nearly $400 million to Indiana this year to help Hoosiers buy health insurance could go away after a federal appeals court ruled Tuesday they were illegal.
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Judge blocks ordinance aimed at I-69 work noise

July 21, 2014
Associated Press
Marion County Judge David Dreyer issued a temporary injunction Monday blocking a Monroe County ordinance that limited noise on the project between 10 p.m. and 6 a.m.
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Lowe's plans massive local call center, sources say

July 21, 2014
 IBJ Staff
Home improvement retail giant Lowe’s Companies Inc. plans to open a call center on the northwest side of Indianapolis that could employ as many as 1,000 workers, sources familiar with the deal said Monday.
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Indiana Democrats deal with education split

July 21, 2014
Associated Press analysis
The fighting has exposed a deep rift within the party over how students are educated.
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Prosecutors: Expungement law has good, bad sides

July 20, 2014
Associated Press
An Indiana law allowing some criminals to have their records expunged is drawing mixed reviews from judges and attorneys, who say parts of the law don't make sense.
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Competition soars at Indianapolis-area airports

July 19, 2014
Chris O'Malley
An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.
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Suit tests INDOT policy of charging for highway repairs

July 19, 2014
Kathleen McLaughlin
A trucking company is challenging the Indiana Department of Transportation’s authority to sue for damage to state property, a lawsuit that could affect thousands of motorists and millions of dollars in revenue.
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Indiana adds jobs, but unemployment inches up

July 18, 2014
 IBJ Staff
The state added 17,400 jobs to employer rolls in June, including a 7,400-worker boost in the government sectors. But a bump in residents returning to the labor force increased the unemployment rate.
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Security to be tight at Expo this weekend

July 18, 2014
Associated Press
Indianapolis officials are taking extra steps to ensure safety at Indiana Black Expo's Summer Celebration in a year that has seen a surge in homicides.
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State to scope downtown block for new offices, parking

July 18, 2014
Kathleen McLaughlin
The Office of Management and Budget will study a state-owned parcel just north of the Statehouse, potentially to house the judiciary and provide more legislative office space.
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Clock ticks on Wigwam's fate

July 18, 2014
Associated Press
Anderson officials say the city will take ownership of the iconic gym, but only if it has a binding agreement by Sept. 2 with a group to reopen the Wigwam.
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Candidates raise, spend little in quiet election cycle

July 18, 2014
Associated Press
Indiana's 2014 election cycle may lack the marquee battles of two years ago, but candidates are still collecting dollars ahead of November's elections.
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Pence: Austerity steps needed despite big reserves

July 18, 2014
Associated Press
The governor's administration has told state agencies to hold back 4.5 percent of their funding for the current fiscal year despite the state's $2 billion in reserves.
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Unemployment applications drop to lowest level in 7 years

July 17, 2014
Associated Press
The numbers suggest a strengthening job market, especially since hiring is at its healthiest clip since the late 1990s, and the 6.1 percent unemployment rate is at a 5 1/2-year low.
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Report: Carmel panel may face TIF shortfall but can pay debts

July 17, 2014
Andrea Muirragui Davis
New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.
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State officials confident federal highway funds will come through

July 17, 2014
Emily Metheny, The Statehouse File
Indiana has not solidified contingency plans that would be needed if Congress fails to pass a deal to cover a shortfall in a federal highway fund.
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Pence wraps up UK trade trip after blitz of meetings

July 17, 2014
Allie Nash, The Statehouse File
The governor met Wednesday with a company considering Indiana for its U.S. operations, but his office would not identify the firm.
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City marshals $400,000 for Monument Circle events, projects

July 16, 2014
 IBJ Staff
The city, National Endowment for the Arts and Central Indiana Community Foundation have contributed to the plan for expanding amenities, activities and attractions on the Circle.
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Convenience stores remount challenge to cold-beer laws

July 15, 2014
Mason King, Associated Press
Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.
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South Bend council rejects smoking ban for bars

July 15, 2014
Associated Press
By a 5-4 vote, South Bend failed to join major Indiana cities such as Indianapolis and Fort Wayne that go further than state law to prohibit smoking inside taverns.
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Maplehurst plans expansion into Lebanon, 219 jobs

July 14, 2014
 IBJ Staff
Maplehurst, which is based in Brownsburg, said it will renovate and equip a 180,000-square-foot facility in Lebanon that will house the warehouse, distribution and manufacturing operations for its cake and cupcake products.
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UPDATE: Indiana surplus tops $2B after spending cuts

July 14, 2014
Associated Press
The cash reserves for Indiana's state government grew to more than $2 billion after spending cuts by most state agencies and a reduction in state funding for higher education.
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City focuses on streets in $30M natatorium plan

July 14, 2014
Kathleen McLaughlin
Mayor Greg Ballard on Monday morning unveiled details of the plan, in which IUPUI and Lilly Endowment each contribute $10 million for the IU Natatorium renovation. The city's $10 million part of the plan involves nearby streets.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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