Government & Economic Development

Opponents claim I-69 extension a drain on other road projects

July 24, 2010
Chris O'Malley
Some opponents of the Interstate 69 extension says it’s not too late to kill the project even though concrete has been poured for two miles in southern Indiana, and another 60 miles or so is under construction or in an engineering phase.
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Indianapolis native Marie Johns named SBA deputy administrator

July 24, 2010
 IBJ Staff
The U.S. Senate recently confirmed her appointment to the No. 2 job.
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Proposal: Link federal aid to performance of ITT, peers

July 23, 2010
Bloomberg News
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid, threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services is among those potentially affected.
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Federal government asking questions about lease deals

July 22, 2010
Cory Schouten
The federal government is asking questions about how the Indiana Family and Social Services Administration handles office leasing after an IBJ investigation raised questions about potential conflicts of interest.
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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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  1. This is still my favorite Mexican restaurant in town. What I do love about the new version is it is much quieter than the most recent version. TV's were off, the music wasn't too loud, and the wait staff were not hyperactive like they had been the past few times I had been there. I just wish they would bring back the MOLE for the enchiladas!

  2. Not a bad paper. There is a need for local community news and city government issues. Don't really need the owner's constant national political rants. We all know where they stand by now.

  3. What nice people. Menard should've known better than to team up with the guy who robbed and drove Conseco to ashes. I'm surprised Timothy Durham isn't involved in this.

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  5. It is beyond me how anyone can think this was a "bad deal" for the state! If they could take the money back then, yes, but they can't! Protections were built in the agreement. Now, if they roll the roads up and take them away, I will agree that it was a bad deal. Otherwise, the only way to have paid for the infrastructure that was badly needed was for the state to issue bonds....that is a four letter synonym for debt folks!!

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