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Government & Economic Development
IT staffing firm plans downtown expansion, 80 new jobs
July 14, 2010
IBJ StaffSmart IT Staffing Inc said Wednesday morning that it plans to expand its Indianapolis headquarters, creating up to 80 new
jobs by 2014.
MoreFederal agents raid University Loft headquarters
July 13, 2010
IBJ StaffAgents 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.
MoreEnvironmental services firm to build $40M refinery
July 13, 2010
Kathleen McLaughlinHeritage-Crystal Clean Inc. plans to build an oil re-refinery in Speedway, creating as many as 75 new jobs by 2013.
MoreLugar, Meadows projects get tax credits
July 13, 2010
Tom HartonTwo 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.
MoreUPDATE: CIB wringing money from general operating fund to pay Pacers
July 12, 2010
Anthony SchoettleA combination of taxes targeting downtown visitors and users of the city's professional sports complexes are expected to generate
the bulk of the subsidy.
MoreCity makes $33.5M deal to keep Indiana Pacers
July 12, 2010
IBJ StaffThe 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.
MoreCity 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.
MoreNew Jersey names Indiana's Walsh to head investment division
July 8, 2010
IBJ Staff and Bloomberg NewsTimothy 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.
MoreCanadian 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.
MoreHarlan Bakeries planning $9.7M expansion
July 7, 2010
Kathleen McLaughlinHarlan Bakeries plans to expand its Georgetown Road production facility by 65,000 square feet to make a new line of products—creating
43 jobs in the process.
MoreMedical 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.
MoreSolar panel maker must prove low production cost
July 7, 2010
Kathleen McLaughlinThe 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.
MoreLocal attorney elected U.S. Libertarian Party's vice chairman
July 6, 2010
Peter SchnitzlerMark Rutherford wants America's third-largest political party to make inroads by showing competence at the grassroots level
of government.
MoreSolar firm investing $500M in unused Getrag plant; 850 jobs planned
July 3, 2010
IBJ StaffA 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.
MoreCentral Indiana aims to become electric vehicle powerhouse
July 3, 2010
Chris O'MalleyCentral 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.
MoreBond swaps cost city units $93M in penalties
July 3, 2010
Cory SchoutenWall 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.
MoreProgram tying doctor bonuses to quality goes statewide
July 3, 2010
J.K. WallThe program currently includes 1,200 physicians—about 10 percent of all doctors in Indiana.
MoreCIB audit shows agency finances improving
July 2, 2010
Scott OlsonThe 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.
MoreDaniels appoints trustees to IU, Purdue boards
July 1, 2010
IBJ StaffFormer chair of the National Endowment for the Humanities among IU appointments.
MoreEmployers mull legal challenge to new state gun law
July 1, 2010
Scott OlsonIndiana Chamber of Commerce president says several members have inquired about pursuing legal action, though nothing formal
is in the works
yet.
MorePacers, CIB still talking post-deadline
July 1, 2010
Scott OlsonA 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.
MoreHouse speaker continues quest for jobs data
June 30, 2010
Scott OlsonState 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.
MoreLilly's Effient steps forward, then back
June 30, 2010
J.K. WallA 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.
MoreDoctors breathe a sigh of relief
June 30, 2010
J.K. WallAs doctors threaten to drop Medicare patients, Congress delays cuts for another six months.
MoreRaytheon lands $250 million Navy electronics contract
June 29, 2010
J.K. WallWorkers 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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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.