Government & Economic Development

COAN: Stocks will get worse before they get better

November 20, 2010
Paul Coan
Looking at the final years of the Great Depression tells me that next year might not be so kind to investors.
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Indianapolis investment adviser Gene Tanner in it for the long haulRestricted Content

November 20, 2010
Norm Heikens
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
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Gold is booming, but for how long?Restricted Content

November 20, 2010
Marc D. Allan
Experts are split over whether runup in precious metal is a classic bubble.
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Ethanol's future clouded by potential loss of tax breaks

November 20, 2010
Chris O'Malley
The fortunes of Indiana’s 12 ethanol plants, and the farmers and truckers who supply the corn to make the motor fuel additive, hinge on two decisions facing Congress and federal regulators in the weeks ahead.
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Carp czar has huge task of fighting invasive fishRestricted Content

November 20, 2010
Marc D. Allan
John Goss, a Hoosier who helped create the Great Lakes Compact to conserve water, is coordinating federal, state attack.
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Controversy engulfs Devington community groupRestricted Content

November 20, 2010
Kathleen McLaughlin
Devington Community Development Corp. tried to tackle a host of neighborhood ills before closing its doors this month. But the agency also was embroiled in disputes with a local minister and its landlord.
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Election gives GOP upper hand in dealing with unionsRestricted Content

November 20, 2010
Francesca Jarosz
The goals of Gov. Mitch Daniels and his fellow Republicans could chisel away further at the clout that has dwindled among the state’s labor unions.
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Governors see GOP’s Midwest gains as path to presidency

November 19, 2010
Bloomberg News
Republican governors meeting in San Diego said Thursday their statehouse victories in the Midwest leave the party well positioned for 2012 in the battlefield that often determines the presidency.
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City approves Beckman Coulter tax abatement

November 17, 2010
The tax abatement is tied to an expansion in which the company plans to invest $18 million in its Indianapolis operations and add as many as 95 jobs in the next three years.
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Local parking vendor eyes contract with ACS

November 17, 2010
Scott Olson
T2 Systems Inc., which makes software to manage the enforcement of parking violations and the collection of fines, is hopeful it can continue providing the service under a new parking-meter manager.
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State gives Speedway $2.9M for blight cleanup

November 17, 2010
 IBJ Staff and Associated Press
Indiana Lt. Governor Becky Skillman says the grant will pay to demolish old building foundations, deteriorated pavement and concrete slabs in the downtown business district.
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City-County Council OKs parking privatization

November 15, 2010
 IBJ Staff
City-County Council members voted 15-14 Monday night to clear the way for Indianapolis to lease its parking meters to a private firm, a move proponents say will upgrade the system even as it generates revenue for infrastructure improvements.
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KAR plans to add 249 jobs in Carmel expansion

November 15, 2010
 IBJ Staff
KAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs by 2015.
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Legislator: Statewide smoking ban could pass in 2011

November 15, 2010
Mary Dieter
A statewide ban on smoking in all public places may have the momentum it needs to finally pass the Indiana General Assembly in 2011 after four unsuccessful attempts.
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Chicago's experience causes other cities to redo parking deals

November 15, 2010
 IBJ Staff and Bloomberg News
Indianapolis' City-County Council could vote Monday night on its proposed 50-year agreement with Xerox Co.’s Affiliated Computer Services, which was revised after public outcry over the original proposal.
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Small-business lending rises 30 percent in Indiana

November 13, 2010
Francesca Jarosz
The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year, a sign that the state’s small businesses—including Pat Wolfred’s CCA Inc.—have started coming back to life.
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Unions target Indianapolis hotels

November 13, 2010
Anthony Schoettle
Unite Here has high hopes, but the industry fears its cost advantage would erode.
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Expanding tax breaks could be a tough sell in Marion CountyRestricted Content

November 13, 2010
Francesca Jarosz
Republicans who now control the Indiana House are poised to push reforms next year that would strengthen local governments’ ability to offer businesses tax abatements. But the changes might be met with caution in Marion County.
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Indianapolis named among recession-proof cities

November 13, 2010
 IBJ Staff
Newsweek magazine listed the city among 10 it says are best situated for economic recovery.
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Quick Hits: Indianapolis dwarfs Milwaukee in convention, tourism business

November 13, 2010
Indianapolis and Milwaukee are about the same size, with 1.7 million and 1.6 million people in their respective metro areas, but Indianapolis' convention trade is better developed.
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LEADING QUESTIONS: New councillor in for wild ride

November 10, 2010
Mason King
LQ Angel Watch VideoAs a new City-County Council member entrenched in several hot-button issues, Angel Rivera sometimes blows off steam on his Ducati SportClassic GT1000.
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Daniels appoints new social services chief

November 10, 2010
Indiana Gov. Mitch Daniels has accepted the resignation of Family and Social Services Administration Secretary Anne Murphy and has appointed the agency's chief of staff, Michael Gargano, to replace her.
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Democrats pick up pieces after Tuesday's bloodbath

November 8, 2010
Democrats lost 12 House seats, two congressmen and a U.S. senator, and the party failed to win any of three state offices.
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City's Conrad hotel investment starts to pay off for taxpayers

November 6, 2010
Cory Schouten
The city put up $25 million for the hotel, restaurant and condo development at the corner of Washington and Illinois streets, including $3.75 million in exchange for the economic equivalent of an 8-percent stake.
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Indiana health exchange may take page from Utah playbookRestricted Content

November 6, 2010
J.K. Wall
In Utah, employers can give each of their workers a specific amount of money to apply toward health insurance. The worker then can use that money to choose from the 66 plans in the health insurance exchange.
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