Government & Economic Development

Medical device firm eyeing Indianapolis growth

July 7, 2010
Greatbatch Medical wants to expand its facility on the east side of Indianapolis to accommodate its entrance into the orthopedics market. The New York-based company specializes in cardiovascular products.
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Solar panel maker must prove low production cost

July 7, 2010
Kathleen McLaughlin
The company says it will hire 900 to 1,200 people in Indiana, but first, it must focus on successfully scaling up its existing facility in Colorado.
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Local attorney elected U.S. Libertarian Party's vice chairman

July 6, 2010
Peter Schnitzler
Mark Rutherford wants America's third-largest political party to make inroads by showing competence at the grassroots level of government.
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Solar firm investing $500M in unused Getrag plant; 850 jobs planned

July 3, 2010
 IBJ Staff
A Colorado-based Abound Solar will get federal help taking over the empty Getrag plant on U.S. 31 near Kokomo, creating as many as 850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
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Central Indiana aims to become electric vehicle powerhouseRestricted Content

July 3, 2010
Chris O'Malley
Central Indiana might be in line to tap hundreds of millions of dollars in federal grants and loan guarantees to energize the rollout of plug-in electric cars and trucks. Both chambers of Congress are considering measures that would require the Department of Energy to select up to 15 cities nationwide to participate in a national electric vehicle deployment program.
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Bond swaps cost city units $93M in penalties

July 3, 2010
Cory Schouten
Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied on misguided assumptions, and taxpayers paid.
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Program tying doctor bonuses to quality goes statewideRestricted Content

July 3, 2010
J.K. Wall
The program currently includes 1,200 physicians—about 10 percent of all doctors in Indiana.
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CIB audit shows agency finances improving

July 2, 2010
Scott Olson
The Capital Improvement Board earned $10 million last year after reporting a $16.8 million loss in 2008. Its financial future is clouded, however, by talks with the Indiana Pacers over Conseco Fieldhouse operating costs.
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Daniels appoints trustees to IU, Purdue boards

July 1, 2010
 IBJ Staff
Former chair of the National Endowment for the Humanities among IU appointments.
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Employers mull legal challenge to new state gun law

July 1, 2010
Scott Olson
Indiana Chamber of Commerce president says several members have inquired about pursuing legal action, though nothing formal is in the works yet.
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Pacers, CIB still talking post-deadline

July 1, 2010
Scott Olson
A June 30 deadline imposed by the basketball team passed with no agreement on who will pay Conseco Fieldhouse operating expenses, but both sides remain optimistic a deal will get done soon.
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House speaker continues quest for jobs data

June 30, 2010
Scott Olson
State Rep. Pat Bauer says employment figures provided by the Indiana Economic Development Corp. are a good start but insists the agency is not revealing everything it can.
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Lilly's Effient steps forward, then back

June 30, 2010
J.K. Wall
A day after doctors were alerted to a black-box warning that could slow sales of Effient’s main competitor, Plavix, a medical journal published research showing that patients suffered 43-percent more cancer tumors on Effient than on Plavix.
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Doctors breathe a sigh of relief

June 30, 2010
J.K. Wall
As doctors threaten to drop Medicare patients, Congress delays cuts for another six months.
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Raytheon lands $250 million Navy electronics contract

June 29, 2010
J.K. Wall
Workers at Raytheon Technical Services' Indianapolis facility will spend four more years working on software to control electronics on the Navy's V-22 Osprey aircraft.
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Agency settles stadium water damage claim for $6.2M

June 29, 2010
Flooding from a drainpipe malfunction caused extensive damage to Lucas Oil Stadium's data center prior to its opening in August 2008.
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$69M U.S. Courthouse modernization a boon for local firms

June 29, 2010
Cory Schouten
More than a dozen local companies have begun work on a three-year modernization of the Birch Bayh Federal Building and U.S. Courthouse in the state's largest individual project funded by the federal stimulus.
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Group tries to turn Sunday booze ban into July 4 fireworks

June 28, 2010
J.K. Wall
An alliance of drugstores, groceries and gas stations is using the July Fourth holiday—which falls this year on Sunday—to drum up more support for ending Indiana’s ban on Sunday retail sales of alcohol.
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City eyes Central State site for sports complexRestricted Content

June 26, 2010
Anthony Schoettle
Indianapolis officials are exploring turning the former Central State Hospital into a 150-acre sports complex that could include facilities for everything from soccer and baseball to tennis and ice skating.
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City still working on mayor's mandate to do more biz with veteransRestricted Content

June 26, 2010
Peter Schnitzler
Mayor Greg Ballard,a former Marine, has made some progress in the two years since he pledged his administration would purchase 3 percent of all city goods and services from veteran-owned businesses, but he remains far from his goal.
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Moody's upgrades outlook for U.S. gambling industry

June 26, 2010
 IBJ Staff
It may take some time to trickle down to Indiana, but the American gambling industry is starting to show early signs of recovery.
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Ex-Commerce chief: Lift the veil on state incentive deals

June 25, 2010
Peter Schnitzler
The former executive director of IEDC's predecessor agency argues that regular headcount disclosure is a key part of the economic development process once incentive deals have been struck with companies.
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Democratic secretary of state hopefuls critical of voter ID law

June 23, 2010
 IBJ Staff and Associated Press
Both Democrats seeking their party's nomination for Indiana secretary of state are critics of the state's voter identification law, which they would have a role in enforcing as the top state election official.
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Recession temporarily slows suburban migration

June 23, 2010
Peter Schnitzler
Using U.S. Census data, the Indiana Business Research Center finds Indianapolis' population grew by 6,854 residents last year while Fishers, Noblesville, Carmel and Greenwood saw less-than-average gains.
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Plan to run fiber optic lines along greenways has legal hurdles

June 23, 2010
 IBJ Staff
The city of Indianapolis wants to generate revenue by using greenways as fiber optic corridors. But previous legal battles over leasing rights-of-way to utilities could hang up the plan.
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