Government & Economic Development

Tax abatement could help manufacturer add 43 jobs

August 31, 2009
The Indianapolis plant of Rexnord Industries LLC is promising to create 43 jobs and retain hundreds more if the city grants a five-year tax abatement.
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Arts funding maintained in city budget proposal

August 31, 2009
Scott Olson
The Indianapolis arts community is breathing a collective sigh of relief after learning that the city is not expected to reduce its funding in 2010. The City-County Council will hear public comments tonight on Mayor Greg Ballard’s 2010 budget before voting on it Sept. 21.
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Fitch strips Indianapolis of prized AAA bond rating

August 29, 2009
Peter Schnitzler
Fitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city's finances.
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ICVA: Stadium's retractable roof worth the cost

August 29, 2009
Anthony Schoettle
Three music events with direct visitor spending estimated at $28 million that were hosted at Lucas Oil Stadium offer proof, city officials said, that the expense of the retractable roof and other features of the $720 million facility are paying off.
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HHGregg, other retailers await stimulus joltRestricted Content

August 29, 2009
Cory Schouten
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering rebates on energy-efficient washers, refrigerators and air conditioners.
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Shelbyville struggles to reach tech park goalsRestricted Content

August 29, 2009
Kathleen McLaughlin
Despite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state standards as it was two years ago.
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Kokomo plants benefit from 'clunkers' program

August 26, 2009
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler plants.
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State gambling revenue expected to stay flat

August 24, 2009
Scott Olson
Indiana’s share of tax money generated by the state’s 13 casinos is expected to remain relatively flat for at least the next few years, a state fiscal analyst told Gaming Study Committee members this morning.
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ICVA might take out loan to market city for conventionsRestricted Content

August 24, 2009
Anthony Schoettle
The Indianapolis Convention & Visitors Association is so desperate for more marketing funding, the organization charged with promoting the city as a convention and tourism destination is considering taking out a loan. While that would be the last resort, ICVA CEO Don Welsh said it is one he will have to consider if the money can’t be raised through local taxes.
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Democrats eager to face Ballard

August 24, 2009
Cory Schouten
Several prominent local Democrats are lining up to challenge Republican Mayor Greg Ballard just two years into his first term.
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Affordable housing developers struggle as key funding source disappearsRestricted Content

August 24, 2009
Kathleen McLaughlin
Affordable housing developers nationwide are facing a drastically weaker market for tax credits.
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Director of Carmel performing arts center says venue will be 'amazing'Restricted Content

August 24, 2009
Kathleen McLaughlin
Steven Libman believes he’ll have no trouble raising money for a $3 million operating budget, and says he plans to pack the calendar with big-name acts.


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Site visit lifts county's hopes for landing Harley

August 20, 2009
 IBJ Staff
Harley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development prize.
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PricewaterhouseCoopers adds BearingPoint consultants

August 17, 2009
 IBJ Staff
The Indianapolis office of New York-based PricewaterhouseCoopers is adding 20 consultants following the accounting firm’s purchase of a portion of McLean, Va.-based BearingPoint Inc.
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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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Q&A with Indianapolis Airport Authority CEO John ClarkRestricted Content

August 17, 2009
Chris O'Malley
Clark talks to IBJ about how the airport can increase revenue by diversifying its sources of income. The airport can't rely on higher passenger counts to boost its bottom line.
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MARCUS: Changing roles cause conflictRestricted Content

August 17, 2009
Morton Marcus
Americans are uncomfortable when responsibilities between the public and private sectors shift.

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Toll road was good deal for stateRestricted Content

August 17, 2009
I cannot help but agree with the author’s assessment: the state of Indiana got a pretty good deal on the lease-sales agreement.
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Indiana is lucky to have toll leaseRestricted Content

August 17, 2009
The facts are that toll increases are strictly limited in the contract and cars using electronic tolling have had no increase and are still paying the $4.65 toll rate set in 1985, one of the lowest per-mile tolls in the nation.
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Higher-ed chief Lubbers is up to taskRestricted Content

August 17, 2009
In her short tenure thus far as commissioner, she has already helped me personally with an issue I was experiencing as a law student.
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Beverage firm to open Columbus plant

August 12, 2009
 IBJ Staff
Tipton Mills, a New York specialty beverage company, announced today it will locate a  plant in Columbus, Ind., creating more than 40 jobs.
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City-County Council OKs hotel tax hike

August 10, 2009
 IBJ Staff
The City-County Council voted 15-14 last night to approve raising the local hotel tax from 9 percent to 10 percent in a move intended to help the cash-strapped Indianapolis Capital Improvement Board close a $47 million operating deficit.
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CIB OKs budget, but awaits council vote

August 10, 2009
Scott Olson
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the City-County Council’s approval of a hike in the local hotel tax.
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Veolia appeals regulators' rate-hike decision

August 10, 2009
Chris O'Malley
Veolia Water Indianapolis, which manages the city’s water utility, has appealed an order issued by state utility regulators that limited a major rate increase sought by the city.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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