Government & Economic Development

Slow economy bruises profits of Indiana's largest public companiesRestricted Content

June 19, 2010
Marc D. Allan
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
More

Home Loan Bank CEO dashes talk of impending mergerRestricted Content

June 19, 2010
Greg Andrews
The recent chatter followed the bank board’s decision to award CEO Milton J. Miller II a severance agreement entitling him to extra pay in the event of a merger.
More

CIB, Pacers discussing three-year deal

June 17, 2010
Anthony Schoettle
City officials want to wait until economy, National Basketball Association labor situation stabilize before entering longer-term deal. Optimism remains deal can get done by June 30.
More

AIT Labs moving headquarters, adding 160 jobs

June 17, 2010
Scott Olson
The Indianapolis-based forensics, clinical and pharmaceutical testing firm, led by CEO Michael Evans, plans to invest $74 million to acquire and equip an existing 90,000-square-foot building in Woodland Corporate Park near West 79th Street and Interstate 465.
More

Batesville Tool & Die expansion should create 40 jobs

June 17, 2010
Southeastern Indiana company plans to add 25,000 square feet to plant and begin hiring additional employees by the end of next year.
More

UPDATE: Commission approves City Market funding

June 16, 2010
Scott Olson
The Metropolitan Development Commission voted Wednesday afternoon to release nearly $4 million to improve the historic building in downtown Indianapolis.
More

Carmel-based power provider receives $5M federal grant

June 16, 2010
The Indiana Municipal Power Agency will use funds through the American Recovery and Reinvestment Act to retrofit streetlights in 20 communities that it serves.
More

Democrat Williams drops out of race for mayor

June 15, 2010
Brian Williams said Tuesday that he is dropping his bid to challenge Mayor Greg Ballard in 2011, paving the way for front runner Melina Kennedy to represent the Democrats.
More

Young workers help Indiana parks during cutbacks

June 14, 2010
Associated Press
Indiana Department of Natural Resources spokesman Phil Bloom said the 1,665 young workers hired by the DNR will help seasonal workers with important maintenance work at many of the state's 24 state parks and dozens of other properties.
More

House Speaker pushes IEDC over job-creation numbers

June 14, 2010
Peter Schnitzler
Pat Bauer sent Indiana Secretary of Commerce Mitch Roob a letter formally requesting the Indiana Economic Development Corp. disclose public records about promises companies gave the state in exchange for job-creation incentives.
More

Indiana bringing information revolution to public schools

June 12, 2010
J.K. Wall
The state is building a massive data system with a tough-love intent of rewarding good educators and schools and hammering poor performers.
More

Deadline approaching for mortgage lenders to pass exam

June 11, 2010
Lenders must pass the test by July 1, or their licenses will be revoked. So far, just 58 percent of more than 1,000 in the state have passed.
More

Rolls-Royce opens plant making part for Joint Strike Fighter

June 11, 2010
Kathleen McLaughlin
The new "focused factory" in Plainfield will produce lift fans for the Joint Strike Fighter aircraft. The fan allows one version of the aircraft to make helicopter-like landings.
More

Hat World expansion to create 571 jobs in Indianapolis

June 10, 2010
 IBJ Staff
Hat World, a subsidiary of Nashville, Tenn.-based Genesco Inc., said it plans to invest up to $22 million to lease and prepare additional space locally as it consolidates manufacturing and warehouse operations from Wisconsin.
More

Lugar's energy bill winning support

June 10, 2010
Bloomberg News
Lugar's bill may be able to muster the 60 votes needed for Senate passage because it wouldn't cap emissions or expand offshore drilling, two controversial issues in the Senate.
More

INDOT commissioner to step down for Duke Energy post

June 9, 2010
Indiana Department of Transportation Commissioner Mike Reed is resigning to become president of Duke Energy's Indiana operations. Michael B. Cline, INDOT's deputy commissioner of operations, will replace him.
More

Becky Skillman's blog from China

June 9, 2010
Becky Skillman
Lt. Gov. Becky Skillman is traveling to China with a delegation of state officials and business and community leaders through June 10. Skillman is blogging about their experiences as the group works to build relationships and attract Chinese investment to Indiana.
More

Chinese furniture maker picks Marion for U.S. headquarters

June 9, 2010
The upholstered-furniture maker, which operates as Y.K. Furniture, plans to invest $24.3 million to establish its first U.S. subsidiary. The facility will house assembly-and-distribution operations with about 100 employees.
More

Ballard bets big on $16 million software project

June 9, 2010
Peter Schnitzler
Concluding a year-long evaluation and public bidding process, mayor chooses Oracle's PeopleSoft to replace local government's 1970s-era financial IT system and New York-based Zanett Inc. to lead the implementation.
More

IT consulting firm plans to create 230 jobs

June 9, 2010
Miller Consulting Group will move its headquarters from Indianapolis to Noblesville and add the jobs by the end of 2013, the company said Wednesday morning.
More

Avon gives senior-living facility tax abatement

June 9, 2010
 IBJ Staff
Leo Brown LLC's 20-acre, $36 million senior-living community is expected to create 132 jobs with an average salary of $37,000 when it is completed in 2011.
More

Lilly taps O'Connor as state lobbyist

June 9, 2010
J.K. Wall
O’Connor, chief deputy mayor under former Indianapolis Mayor Bart Peterson, started Monday as Lilly's director of state government affairs—working again under Peterson.
More

Indiana pension fund officer takes N.C. post

June 8, 2010
 IBJ Staff and Associated Press
The chief investment officer for Indiana's public employee pension fund is taking a similar job in North Carolina at a base salary of $320,000.
More

Southern Wine to create 200 jobs in central Indiana

June 8, 2010
 IBJ Staff
The country's largest beer, wine and liquor distributor plans to invest more than $10 million to establish operations in central Indiana, creating 200 jobs at a regional office and distribution center here.
More

Walgreen gets OK to sell booze at 18 more stores

June 7, 2010
Scott Olson
The Local Alcoholic Beverage Board of Marion County recommended permits for 18 of the 28 stores for which Walgreens is seeking to sell alcohol. Approval by the Indiana Alcohol Tobacco Commission could happen as soon as June. 15.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

ADVERTISEMENT