Government & Economic Development

Bond banks in Indiana, other states boost sales

November 30, 2011
 IBJ Staff and Bloomberg News
State municipal-bond banks in Indiana, Vermont, Maine and New Hampshire plan to issue about $190 million in debt this week, as smaller communities seek to take advantage of 10-year interest rates near a six-week low.
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Commission slaps judge over fundraising solicitation

November 30, 2011
Michael W. Hoskins
Judge Rebekah Pierson-Treacy received the admonishment after an August fundraising solicitation sparked controversy.
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States suing over health care law collect funding

November 29, 2011
Associated Press
Federal officials announced Tuesday they are awarding more money to help states carry out President Barack Obama's health care overhaul. Seven states that are suing to overturn the landmark law are also on the list for funding.
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Indiana retailers making push for online sales tax

November 29, 2011
Associated Press
A new coalition of Indiana retailers is planning a lobbying push aimed at convincing state lawmakers to force online businesses to collect the state's 7-percent sales taxes from customers.
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Feds reject Indiana request for health care exemption

November 28, 2011
Associated Press
The U.S. Department of Health and Human Services on Monday rejected Indiana's bid for an exemption from federal health care overhaul rules that require insurers selling policies to individuals to essentially dedicate 80 percent of the premiums they collect to medical care.
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SEC accuses Positron CEO of misleading investors

November 28, 2011
Chris O'Malley
Regulators allege CEO Patrick G. Rooney diverted millions of dollars from a hedge fund into the struggling Fishers company without investors' knowledge.
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JONES: Patent reform is mixed bag for life sciences companiesRestricted Content

November 26, 2011
Kristin Jones / Special to IBJ
For Indiana's life sciences sector, the change both raises hopes and creates challenges for continued growth.
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Develop Indy and partner will focus on small business supportRestricted Content

November 26, 2011
 IBJ Staff
Business Ownership Initiative of Central Indiana focuses on one-on-one counseling, capital access.
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Judge allows class in suit against state tort law

November 23, 2011
Associated Press
U.S. District Judge Sarah Evans Barker has certified the victims of the Indiana State Fair stage collapse as a single class in a lawsuit challenging a law that caps the state's liability at $5 million. However, she concluded the plaintiffs are unlikely to win the challenge.
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Study: State loses millions annually in online sales taxes

November 22, 2011
Scott Olson
The report from the Indiana Fiscal Policy Institute says the state loses $40 million to $114 million every year in sales tax revenue from sales to online retailers such as Amazon.
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State unemployment rate inches up to 9 percent

November 22, 2011
 IBJ Staff
Indiana's jobless rate rose to 9 percent in October, up from 8.9 percent the previous month, marking the fifth straight month the state's unemployment rate has risen.
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Indiana Legislature set for new right-to-work fight

November 21, 2011
 IBJ Staff and Associated Press
Indiana House Speaker Brian Bosma says that passing a contentious right-to-work proposal will be his top priority during the coming legislative session.
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Indiana voucher memo confuses, concerns districts

November 20, 2011
Associated Press
A memo that sparked concern among Indiana's school districts by saying they would begin losing funding this month under the state's new private school voucher law was sent "prematurely" a state education official says.
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Mass Ave deal's brokerage fee raising eyebrowsRestricted Content

November 19, 2011
Cory Schouten
A real estate brokerage picked by the city to spearhead redevelopment of a prime Mass Ave parcel occupied by the Indianapolis Fire Department stands to collect a million-dollar-plus payday if it closes the deal.
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Passengers likely would shoulder chunk of transit system costsRestricted Content

November 19, 2011
Chris O'Malley
Federal transit data suggests passenger fares would generate about one-fourth of the money needed to operate a suburban rail and expanded bus system proposed for the region.
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State lets Occupy Indy protesters keep small camp

November 17, 2011
Associated Press
Indiana officials are declaring détente with Occupy Indy demonstrators after the protesters removed much of their camping equipment from the Statehouse lawn.
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Occupy Indy protesters ordered to clear out camp

November 16, 2011
Associated Press
State officials gave Occupy Indy protesters 24 hours to remove their tents, sleeping bags and other camping accessories from the Statehouse lawn and warned there could be arrests Thursday should anybody resist the efforts to remove the items.
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Indiana Legislature taking 2-day break for Super Bowl

November 16, 2011
Associated Press
Demand for hotel rooms will make it difficult for some out-of-town lawmakers to find at hotel rooms or long-term residences in Indianapolis.
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Agency endorses big cut to state horse racing’s $58M subsidy

November 16, 2011
Scott Olson
The Indiana Inspector General recommends in a report that the annual subsidy paid to the state's horse racing community be reduced by more than half, to $28 million.
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City-County Council Republican to propose tougher smoking ban

November 15, 2011
 IBJ Staff, Associated Press
The Republican president of the City-County Council in Indianapolis says his party plans to introduce an expanded smoking ban that would take effect before the Super Bowl.
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Homeless advocates pitch local sales-tax hike

November 15, 2011
Kathleen McLaughlin
CHIP, the Coalition for Homelessness Intervention and Prevention, said it wants Marion County taxpayers to create a permanent, dedicated source of funding for housing and services.
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Indiana National Guard opens biggest armory in state

November 15, 2011
Associated Press
The Indiana National Guard has opened a new $27 million training facility in Franklin that is the largest of its 65 armories around the state.
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U.S. high court takes Indianapolis sewer case

November 15, 2011
Michael W. Hoskins,  IBJ Staff
The Supreme Court of the United States agreed Monday to review a case that questions whether the city of Indianapolis violated the U.S. Constitution in how it handled refunds for residents who paid assessments on local sewer projects.
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Indiana legislative panel endorses test of iPads

November 14, 2011
Associated Press
An Indiana legislative panel endorsed a pilot program Monday that would equip two General Assembly committees with iPads in the upcoming session as part of a push to cut the amount of paper used to print copies of bills for lawmakers.
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Logistics company plans 315 jobs in North Vernon

November 14, 2011
 IBJ Staff
Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.
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  1. What became of this project? Anyone know?

  2. Scott, could you post an enlarged photo of the exterior of the building? This will be a great addition to Walnut Street. This area will only continue to develop with additions like this. Also, please give us more updates on the "Cultural Trail light" expansion. Also a great move for the city, as long as there is maintenance money set aside.

  3. Great story IBJ! Citizens don't have a real sense of the financial magnitude of supporting Indy's sports and tourism sector. The CIB was a brilliant idea for creating a highly integrated public-private partnership to support this sector from the economic activity it generates. Unfortunately, most folks think the benefits of that economic activity accrue directly to the City budget, and it doesn't. So though the CIB is facing lean times (covering its costs while maintaining minimally acceptable reserves), the City is operating with deficit - less tax revenue than expenses each year - with a very fragile reserve balance. That's why it's so challenging for the City to fund basic needs or new intitatives (e.g. pre-k education; new jail), and some credit rating agencies have downgraded Indy from it's past stellar AAA status. More reporting on City finances would be welcomed.

  4. Sure, I'll admit that it bugs me to see that the IBJ.COM censors it's blog posts almost as much as the D of I does when someone points out the falsehoods and fabrications. _____But I think it bothers me almost as much that Captain/Defender/Disciple get his yanked too. You see, those of us with a sense of integrity, humanity, compassion, and a need for fact based opinion WANT to see all of his screeds posted. It makes our point so much better than we can do it ourselves.

  5. We're conflating two very different topics. Voter fraud is a myth and excessive gun violence is all too real. I just hope rational gunowners decide to stop being shouted down by the, well, let's call them "less rational" ones.

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