Government & Economic Development

Indiana hires outside firm to review state fair disaster

August 18, 2011
Associated Press
Indiana has hired an outside firm to help with its investigation into a fatal stage collapse at the state fair after questions were raised about the state's ability to conduct an objective probe itself.
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Cable maker adding 40 jobs at Carmel headquarters

August 18, 2011
Belden Inc. said it will spend $3.1 million to lease and equip a new 30,000-square-foot facility in Carmel, where its Americas division is headquartered.
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Auto stampings plant plans to add 75 jobs in Muncie

August 18, 2011
Indiana Stampings LLC plans to add 75 jobs by 2013 as part of a $7.3 million expansion that includes leasing and equipping a 155,000-square-foot facility.
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Freight carrier plans to expand, add 183 local jobs

August 17, 2011
Thomasville, N.C.-based Old Dominion Freight Line said a $22 million investment will be used to upgrade its existing 122,340-square-foot facility on the southwest side.
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City to give Angie's List $4.6M to buy properties for expansion

August 16, 2011
Kathleen McLaughlin
Money for real estate acquisition is a major component of the $7.1 million in incentives the city of Indianapolis offered Angie's List Inc. for expanding its headquarters campus to accommodate 500 more employees.
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Angie's List plans 500 jobs in headquarters expansion

August 16, 2011
 IBJ Staff
Angie’s List Inc.,  the fast-growing company that provides customer-review services in 200-plus markets, plans to expand its Indianapolis headquarters, creating up to 500 new jobs by 2015, it announced Tuesday morning.
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City chamber of commerce, Develop Indy might merge

August 15, 2011
Kathleen McLaughlin
Chamber Chairman John Neighbours said he "wouldn't rule out" combining the economic development groups.
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Federal cuts in training funds hit at awkward timeRestricted Content

August 13, 2011
Francesca Jarosz
Funding for the state’s work-force-development agencies to help Hoosiers develop job skills has fallen sharply, even as unemployment remains high and the economy is still shaky.
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Fundraising starts slowly for Indiana student loan programRestricted Content

August 13, 2011
Andrew Smith
The slow economy is hurting progress on an endowment that would help pro bono lawyers repay debt.
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City to cut $20 million from most departments in 2012

August 11, 2011
Francesca Jarosz
Indianapolis will shed 200 positions next year to help cut $20 million from non-public safety agencies.
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Westfield company wants to add 178 jobs in Jeffersonville

August 10, 2011
J.K. Wall
A subsidiary of Westfield-based Revere Industries LLC could add 178 jobs in Jeffersonville in southern Indiana if it wins approval of a property tax abatement.
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City plans to put $80M from utility sale into new fund

August 10, 2011
Scott Olson
The money would be used as a safeguard to help Indianapolis maintain its AAA credit ratings. But Democrat mayoral challenger Melina Kennedy is criticizing the move.
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Green group: I-69 will drain money from other projects

August 9, 2011
Associated Press
Indiana's 142-mile extension of Interstate 69 between Indianapolis and Evansville will siphon hundreds of millions of dollars away from other road and bridge projects in coming years, according to a report from an environmental group.
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Cummins OK with new federal fuel standards for trucks

August 9, 2011
U.S. truck makers are expected to improve tractor-trailer fuel economy by about 20 percent by 2018, saving $50 billion in fuel costs over five years and decreasing carbon-dioxide emissions, President Barack Obama said.
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City considers tougher ticket-scalping regulations

August 9, 2011
Scott Olson
A proposal in front of a City-County Council committee would require ticket brokers to purchase an annual license to sell tickets within one mile of an event venue.
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Fishers named a top suburb for retirees

August 9, 2011
 IBJ Staff
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.
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1,300 Hoosiers eligible for United Financial restitution

August 8, 2011
 IBJ Staff and Associated Press
Indiana Attorney General Greg Zoeller said more than 1,300 Hoosiers are eligible for restitution from United Financial Systems Corp. in the wake of a court ruling against the Indianapolis-based company. The company also faces at least two class-action lawsuits.
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'Buy local' law could make projects costlierRestricted Content

August 6, 2011
Francesca Jarosz
A new state law that alters the public bidding process could add complication and possibly millions of dollars to a soon-to-be-bid segment of a massive Indianapolis sewer project.
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Global micro lender Grameen ramps up in IndianapolisRestricted Content

August 6, 2011
Low-income women could receive loans in weeks.
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Marion County prosecutor plots white-collar strategyRestricted Content

August 6, 2011
Cory Schouten
Terry Curry expects his creation of a task force will start paying off with new cases—ranging from employee theft and investment fraud to political corruption—in the next few months.
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HICKS: Cuts will come in wake of federal budget dealRestricted Content

August 6, 2011
Mike Hicks
It is clear that the agreement to raise the United States’ debt ceiling demands cuts to military budgets, to entitlements and to the vast cornucopia of discretionary spending.
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Indiana banks continue quest for tax consistencyRestricted Content

August 6, 2011
Scott Olson
Lobby prepares new pitch for next legislative session.
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Stocks go on roller coaster ride after jobs report

August 5, 2011
Associated Press
Market swings continued all day after a better-than-expected employment report. By the market's close, the Dow was up 60 points, or 0.54 percent, to 11,444.
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Indiana counties wrestling with tax overpayment

August 5, 2011
Associated Press
City and county officials across Indiana are starting to wrestle with how they'll deal with the state's plan to recoup roughly $610 million it overpaid local governments for income taxes it expected to collect.
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City cracking down on noncompliant tax breaks

August 5, 2011
Cory Schouten
The city of Indianapolis is seeking to overturn property tax breaks for more than 20 companies that continued to apply for abatement even though they were unable to meet job commitments.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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