Government & Economic Development

Senate panel refuses to fund GE engine made by Rolls-Royce

September 14, 2010
 IBJ Staff and Bloomberg News
The decision holds potential bad news for Indianapolis engine maker Rolls-Royce, which produces the engines. Rolls-Royce is the region's second-largest manufacturer, behind Eli Lilly and Co., with about 4,300 local employees.
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Library slashes hours, to close main branch on Thursdays

September 14, 2010
A big reduction in hours is expected to save the Indianapolis-Marion County Public Library about $1.5 million next year, as it grapples with a $4 million revenue shortfall.
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Conseco Fieldhouse to get new video signage

September 14, 2010
Scott Olson
The new "video ribbon," which could cost up to $1.6 million, will be paid for with funds from the Capital Improvement Board. It will be installed around the entire upper fascia of the arena between the second and third levels.
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Brizzi controversies loom over prosecutor's race

September 13, 2010
Mary Dieter
Democrat Terry Curry and Republican Mark Massa say restoring trust is job one for the next Marion County prosecutor.
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Downtown merchants want parking plan revoked

September 13, 2010
Francesca Jarosz
About 80 downtown business owners and employees have signed a petition urging Republican Mayor Greg Ballard's administration to nix major plans to revamp metered parking in Indianapolis.
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Indianapolis' 'walkability' touted to convention plannersRestricted Content

September 11, 2010
Scott Olson
Compact downtown is big selling point for sustainable-minded planners.
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State entrepreneurship drags despite wealth of resourcesRestricted Content

September 11, 2010
Norm Heikens
What does Indiana have to show for the deluge of resources made available to would-be entrepreneurs in recent years—venture capital, angel investors, incubators and the like? Judging by the number of people taking the plunge into business ownership, not as much as might be expected.
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New businesses follow the rooftopsRestricted Content

September 11, 2010
Norm Heikens
Indianapolis and surrounding counties have continued to show growth in the number of businesses during the recession.
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Beck's Superior Hybrids plans $24.5M expansion

September 10, 2010
 IBJ Staff
A Hamilton County seed company has plans to expand its facilities, creating as many as 72 jobs over the next five years, state economic development officials said Friday morning.
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Report: State must cut spending, hike taxes or both

September 9, 2010
Francesca Jarosz
Dwindling tax revenues will cause a projected $1.3 billion budget gap as the state enters its next budget, according a report released Thursday by the Indiana Fiscal Policy Institute.
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Control of House key issue as election season revs up

September 7, 2010
Mary Dieter
One hundred Indiana House seats are on the ballot—though many fewer are competitive—but their outcomes may affect the state well beyond the two-year terms that the candidates seek.
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Traffic-signal maker flashing red over Indianapolis contractRestricted Content

September 4, 2010
Chris O'Malley
Domestic vendor who thought "buy American" provision would help it win contract loses out to Taiwanese supplier.
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Indiana's August revenue jumps 8.4 percent from year ago

September 3, 2010
Associated Press
The state Budget Agency reported Friday that Indiana collected $938 million in August. That's $51 million above the most recent forecast, but still $2 million less than projected in the budget lawmakers passed in early 2009.
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New jobless claims tick down slightly

September 2, 2010
Bloomberg News
Initial jobless claims fell by 6,000, to 472,000, in the week ended Aug. 28, in line with the median forecast of economists surveyed by Bloomberg News, Labor Department figures show.
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New website pulls together state budget data

August 31, 2010
Associated Press
The state has a new transparency website that pulls together Indiana budget data, spending reports and other financial information that had previously been spread across multiple sites.
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CIB approves 2011 budget

August 30, 2010
Scott Olson
Including debt obligations, the CIB's total budget for 2011 is expected to be $104.4 million. The City-County Council is set to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
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City parking agreement to receive first scrutiny

August 30, 2010
Indianapolis' Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.
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City vendor may get $1.2B from parking-privatization deal

August 28, 2010
Cory Schouten
The pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately apparent.
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iSalus sees business boom as docs chase stimulus cash

August 28, 2010
J.K. Wall
The company is seeing a rush of new sales for its Web-based electronic medical record system from doctors, who all stand to receive bonus payments from the federal stimulus act for computerizing their patient records.
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CIB's 2011 budget slated to grow by $10 million

August 27, 2010
Scott Olson
Capital Improvement Board president says initial $10 million payment to the Indiana Pacers is not only reason for the larger budget. Rather, she insisted it's largely due to $5 million in renovations slated for Conseco Fieldhouse and other CIB-operated facilities.
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Estimate puts Indiana health overhaul costs at $3.1B

August 25, 2010
Associated Press
Family and Social Services Administration Secretary Anne Murphy and acting Insurance Commissioner Stephen Robertson have sent Gov. Mitch Daniels a letter that now estimates the overhaul will cost Indiana $235 million more than the previous estimate in May.
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Local government supplier cracks Inc. 500's top 10

August 25, 2010
Scott Olson
A combination of military service and education has helped Kevin Paul turn Indianapolis-based KPaul Properties LLC into one of the fastest-growing companies in the nation.
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Daniels says Indiana will seek new stimulus money

August 25, 2010
Associated Press
Despite criticizing the latest stimulus package, Indiana Gov. Mitch Daniels said he will ask the federal government to send the state more than $435 million for schools and Medicaid.
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Arts funding maintained in proposed city budget

August 23, 2010
Scott Olson
Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor's budget plan calls for cutting $22 million in local spending. Funding for the parks department also should remain flat, at $21.1 million.
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Indiana, Indy stage small employment gains

August 20, 2010
Norm Heikens
Indiana's unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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