Government & Economic Development

Daniels says he'd sign statewide smoking ban

December 16, 2010
Associated Press
Gov. Mitch Daniels said towns and cities have shown it's possible to enact smoking bans with significant benefits and minimal cost.
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Ganassi locating two new race teams in Brownsburg

December 16, 2010
Izod IndyCar Series team owner will invest $3.3 million and create up to 30 jobs. Ganassi plans to begin hiring employees immediately to prepare for the start of the 2011 season.
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State pushing to keep building-review wait times down

December 16, 2010
Francesca Jarosz
Wait times in the plan-review process for non-residential projects increased dramatically this year, creating a backlog of cases.
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Daniels endorses findings of criminal code review

December 15, 2010
Associated Press
Sweeping changes proposed for Indiana's criminal sentencing system won the endorsement Wednesday of Gov. Mitch Daniels, who said that if lawmakers enact the changes they would hold down the state's ballooning prison population and save taxpayer money.
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Indiana may cut Medicaid services to check costs

December 15, 2010
Associated Press
The state Medicaid actuary projected Indiana's share of the program's costs will rise by about $1.46 billion this fiscal year, by about $1.84 billion in the 2012 fiscal year and by about $2 billion in the 2013 fiscal year unless some services are cut.
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Indiana GOP chairman stepping down after 5 years

December 15, 2010
Associated Press
Indiana Republican Party Chairman Murray Clark announced his decision Wednesday, saying it was time to turn over the party leadership.
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Indiana lawmakers plan to float corporate tax cuts

December 15, 2010
Francesca Jarosz
State lawmakers plan to propose reducing Indiana’s corporate income tax rate next year in a move they say will make the state a more appealing place for businesses to locate.
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UPDATE: Competitors' woes could help Fishers mortgage firm expand

December 14, 2010
Francesca Jarosz
Fishers-based Stonegate Mortgage Corp. plans to spend about $3 million to expand operations, creating up to 300 jobs by 2015.
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CIB finances faring better than expected

December 13, 2010
Scott Olson
The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.
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Bayh says he will not run for governor in 2012

December 12, 2010
Associated Press
Many Indiana Democrats had hoped a Bayh candidacy for governor could begin reversing a string of setbacks for their party.
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HICKS: Tax-cut proposal probably a good compromiseRestricted Content

December 11, 2010
Mike Hicks
The Bush tax cuts in particular are politically charged. Many people want to see the rich taxed at higher rates, with little regard for the impact on the economy.
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Daniels names Massa to lead state alcohol board

December 9, 2010
Francesca Jarosz
Gov. Mitch Daniels on Thursday appointed Mark Massa, who served as Daniels’ general counsel before leaving the post earlier this year to run for prosecutor, to run the state’s Alcohol and Tobacco Commission.
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LEADING QUESTIONS: Deputy mayor keeps thick skin

December 9, 2010
Mason King
LQ_Huber_watch_videoMichael Huber has learned not to take critics' barbs personally as he oversees some of the city's biggest deals.
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Bill would provide oversight for key state appointments

December 8, 2010
Scott Olson
Rep. Ed DeLaney, D-Indianapolis, wants to give lawmakers a voice in key state appointments made by the governor following an ethics scandal that led to the firing of the chairman of the Indiana Utility Regulatory Commission.
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HOLT: Regional airports can fuel economic development

December 4, 2010
David Holt
Some smaller airports have excess cargo capacity.
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Exports fueling Indiana business growth

December 4, 2010
Kathleen McLaughlin
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.
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Touted Build America Bonds may not be available for utility dealRestricted Content

December 4, 2010
Chris O'Malley
Citizens Energy previously said not using the bonds would add about $100 million to the cost of the deal over 30 years.
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Fountain Square turning to first-of-kind tax to fund improvementsRestricted Content

December 4, 2010
Kathleen McLaughlin
A Fountain Square group led by neighborhood business owners hopes to create an “economic improvement district” for the up-and-coming neighborhood, where additional tax revenue could be used for everything from litter cleanup and marketing to capital improvements.
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Foreclosed-property care sparks fight over who's responsibleRestricted Content

December 4, 2010
Francesca Jarosz
Lawmakers might address in the upcoming legislative session the controversy over who is responsible for upkeep on foreclosed properties.
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Indiana revenue shows slight gains in November

December 2, 2010
Associated Press
Indiana's finances showed signs of life in November as growth in sales and individual income tax collections helped bring in $49 million more than projected in the most recent revenue forecast.
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North of South financing clears first hurdle

December 2, 2010
Scott Olson
The Metropolitan Development Commission has approved an $86 million city loan to help fund the $155 million mixed-used development near the downtown campus of Eli Lilly and Co. The project still needs approval from the City-County Council.
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Rising Medicaid costs for Indiana mean service cuts likely

December 1, 2010
Associated Press
Indiana lawmakers likely will cut some Medicaid-provided services in the upcoming legislative session after learning Wednesday that the state's share of government health insurance program costs will balloon by $1.1 billion over the next two years unless checked.
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State lawmakers face tough choices over prison costs

November 30, 2010
Associated Press
Indiana lawmakers will swim rough political waters next year when deciding whether to spend millions more on overcrowded prisons or reducing prison sentences and being seen as soft on crime.
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$26.8M military deal revs local Rolls-Royce operation

November 30, 2010
 IBJ Staff
Rolls-Royce Corp.’s Indianapolis operations continue to cash in on military contracts, scoring a $26.8 million deal to provide 12 spare engines for the Osprey tilt-rotor aircraft.
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Judge denies motion to dismiss school funding suit

November 29, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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