Government & Economic Development

Historic financial overhaul signed into law by Obama

July 21, 2010
Associated Press
Rep. Mike Pence of Indiana, a member of the House GOP leadership, on Wednesday joined House Minority Leader John Boehner of Ohio in calling for the law's repeal.
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Indiana: IBM welfare intake work flawed from start

July 21, 2010
Associated Press
The state is suing IBM for more than $1.3 billion, claiming the company breached one of the biggest outsourcing deals in state history. IBM wants Indiana to pay $52.8 million it says it's owed in deferred payments and equipment costs.
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Indiana accused of cutting aid to food stamp users

July 20, 2010
Associated Press
Indiana Family and Social Services Administration attorneys do not believe federal law was broken when officials balanced food stamp payments against a state-run supplemental aid program.
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Angola manufacturers plan nearly 180 new jobs

July 20, 2010
 IBJ Staff
Fuel Systems of Angola and Steffy Wood Products say they will invest a total of $4.8 million on their production facilities in northeast Indiana, creating 178 jobs by 2013.
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IT firm plans $24 million data center

July 19, 2010
The city's Metropolitan Development Commission will consider providing Lightbound LLC with property tax abatements to offset investment cost.
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Brizzi hires ex-partner to handle public records requests

July 17, 2010
Cory Schouten
Marion County Prosecutor Carl Brizzi has hired his former legal partner and personal attorney to field public records requests. Locally based Collignon & Dietrick PC is responsible for review and production of Prosecutor's Office e-mails, contracts, case files and other documents requested by members of the media or public.
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Shelbyville, county plan economic development projects

July 17, 2010
Kathleen McLaughlin
Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month or two.
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Ballard takes aim at vacant homes

July 17, 2010
Peter Schnitzler
If Mayor Greg Ballard successfully closes the $1.9 billion sale of the city's water and sewer utilities to Citizens Energy, some of the proceeds will be used to bulldoze or rehabilitate 2,000 to 4,500 abandoned, unsafe homes during the next two years.
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Illinois firm to build used oil plant in Speedway

July 17, 2010
 IBJ Staff
The $40 million project along West 10th Street could create 75 jobs by 2013.
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Indianapolis launches three Web business tools

July 17, 2010
 IBJ Staff
The sites offer insight into government contracts and other business activities of local government.
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CIB saves $1M after state agrees to lower loan rate

July 16, 2010
Anthony Schoettle
State officials decided to reduce the interest rate on a $9 million loan to the city's Capital Improvement Board by 1 percentage point. The news couldn't come at a better time for the agency, which is trying to find money to assist the Indiana Pacers.
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Library board saves branches, seeks long-term fix

July 16, 2010
 IBJ Staff
The Indianapolis-Marion County Public Library board of trustees agreed Thursday to keep open two library branches targeted for closure next year. Board members also outlined $2.5 million in proposed budget cuts for 2011 to help stem the growing gap between revenue and expenses.
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State reserves down nearly half despite spending cuts

July 16, 2010
 IBJ Staff and Associated Press
Indiana brought in $957 million less in revenue than it budgeted for fiscal year 2010, forcing it to use almost half its reserves, Indiana State Auditor Tim Berry announced Friday morning.
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Appeals court reverses Bargersville annexation

July 16, 2010
 IBJ Staff
The Indiana Court of Appeals on Thursday overturned the town of Bargersville’s annexation of land that Greenwood officials also wanted to take over, saying it failed to get the required consent from property owners.
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Beer brewer feuding with Franklin over incentives

July 15, 2010
Anthony Schoettle
San Diego-based TailGate Beer is supposed to create as many as 150 jobs in Franklin, but the plan has been delayed while the sides squabble about financial disclosures.
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President nominates Hogsett for U.S. Attorney

July 14, 2010
Michael W. Hoskins
The White House has chosen an Indianapolis labor and employment attorney to be the next U.S. Attorney for the Southern District of Indiana.
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IT staffing firm plans downtown expansion, 80 new jobs

July 14, 2010
 IBJ Staff
Smart IT Staffing Inc said Wednesday morning that it plans to expand its Indianapolis headquarters, creating up to 80 new jobs by 2014.
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Federal agents raid University Loft headquarters

July 13, 2010
 IBJ Staff
Agents descended on the contract-furniture maker to execute a sealed search warrant. A spokeswoman for U.S. Attorney Tim Morrison said no arrests were made.
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Environmental services firm to build $40M refinery

July 13, 2010
Kathleen McLaughlin
Heritage-Crystal Clean Inc. plans to build an oil re-refinery in Speedway, creating as many as 75 new jobs by 2013.
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Lugar, Meadows projects get tax credits

July 13, 2010
Tom Harton
Two high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars in credits they need to proceed.
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UPDATE: CIB wringing money from general operating fund to pay Pacers

July 12, 2010
Anthony Schoettle
A combination of taxes targeting downtown visitors and users of the city's professional sports complexes are expected to generate the bulk of the subsidy.
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City makes $33.5M deal to keep Indiana Pacers

July 12, 2010
 IBJ Staff
The city will contribute $10 million annually for three years toward Conseco Fieldhouse operating expenses. It also will provide at least $3.5 million for capital improvements.
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City receives $4.9 million for homeless initiatives

July 9, 2010
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment complex on the east side.
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New Jersey names Indiana's Walsh to head investment division

July 8, 2010
 IBJ Staff and Bloomberg News
Timothy Walsh will take over a $68 billion pension fund, eight times larger than the $8.5 billion Indiana State Teachers Retirement Fund he headed since 2008.
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Canadian chip maker locating U.S. HQ in Fort Wayne

July 8, 2010
Saratoga Potato Chips plans to create 175 jobs in the northeastern Indiana city by 2013 and will begin hiring later this year.
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  1. I took Bruce's comments to highlight a glaring issue when it comes to a state's image, and therefore its overall branding. An example is Michigan vs. Indiana. Michigan has done an excellent job of following through on its branding strategy around "Pure Michigan", even down to the detail of the rest stops. Since a state's branding is often targeted to visitors, it makes sense that rest stops, being that point of first impression, should be significant. It is clear that Indiana doesn't care as much about the impression it gives visitors even though our branding as the Crossroads of America does place importance on travel. Bruce's point is quite logical and accurate.

  2. I appreciated the article. I guess I have become so accustomed to making my "pit stops" at places where I can ALSO get gasoline and something hot to eat, that I hardly even notice public rest stops anymore. That said, I do concur with the rationale that our rest stops (if we are to have them at all) can and should be both fiscally-responsible AND designed to make a positive impression about our state.

  3. I don't know about the rest of you but I only stop at these places for one reason, and it's not to picnic. I move trucks for dealers and have been to rest areas in most all 48 lower states. Some of ours need upgrading no doubt. Many states rest areas are much worse than ours. In the rest area on I-70 just past Richmond truckers have to hike about a quarter of a mile. When I stop I;m generally in a bit of a hurry. Convenience,not beauty, is a primary concern.

  4. Community Hospital is the only system to not have layoffs? That is not true. Because I was one of the people who was laid off from East. And all of the LPN's have been laid off. Just because their layoffs were not announced or done all together does not mean people did not lose their jobs. They cherry-picked people from departments one by one. But you add them all up and it's several hundred. And East has had a dramatic drop I in patient beds from 800 to around 125. I know because I worked there for 30 years.

  5. I have obtained my 6 gallon badge for my donation of A Positive blood. I'm sorry to hear that my donation was nothing but a profit center for the Indiana Blood Center.

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