Government & Economic Development

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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IEDC responds to House speaker's public records request

June 22, 2010
Peter Schnitzler
Indiana Secretary of Commerce Mitch Roob's letter Tuesday to Democrat Pat Bauer details IEDC's approach to job-creation incentives and its clawback efforts in the recession.
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City takes risk with debt-laden IT-overhaul pickRestricted Content

June 19, 2010
Peter Schnitzler
To spearhead a once-in-a-generation overhaul of local government's antiquated back-office computer system, Mayor Greg Ballard has chosen an unprofitable software firm that as recently as March 31 warned investors that debt-refinancing issues could force it out of business.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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