Government & Economic Development

Performance Services guarantees City-County Building energy savings

May 29, 2010
Chris O'Malley
The firm was a pioneer in the energy savings niche more than a decade before green became cool or was perceived to be a viable market.
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I-69 connection staying put, even with higher costs

May 29, 2010
 IBJ Staff
Some have suggested moving it west, through less-populated Morgan County, to tie into Interstate 70 near Indianapolis International Airport.
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Local firm to manage city's infrastructure initiative

May 26, 2010
 IBJ Staff
American Structurepoint has been tapped by the Department of Public Works as program manager for the city’s “RebuildIndy” infrastructure-improvement initiative.
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Summit to counsel cities on reform

May 26, 2010
J.K. Wall
Now that health reform is law, a local not-for-profit group, Better Healthcare for Indiana, wants to help Indiana community leaders use the law to slow runaway medical spending while improving the health of their citizens.
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Governor backs card counter banned by casino

May 25, 2010
Associated Press
Indiana Gov. Mitch Daniels used the story of a blackjack player's lawsuit in telling Franklin College graduates about using skill to push the odds in one's favor.
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Fieldhouse feud results in tax refund for theater owner

May 24, 2010
Scott Olson
Hollywood Bar and Filmworks owner Ted Bulthaup said higher parking rates following Conseco Fieldhouse's opening drove his patrons away. The IRS agreed.
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Indiana 4 to 6 weeks behind its weatherization goal

May 23, 2010
Associated Press
The delay is pushing back the release of the second half of the $132 million in stimulus funds the state got for energy-saving retrofits to homes of thousands of low-income residents.
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New collateral rules for Indiana deposits may favor big banks

May 22, 2010
Peter Schnitzler
New state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest banks and hurting the smallest.
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KULT: Mortgage loan officers punch the clock under new ruleRestricted Content

May 22, 2010
Gregory P. Kult
The government now views loan officers more like factory workers than white-collar business managers.
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New Indiana law aims to promote safety of traditional loansRestricted Content

May 22, 2010
Scott Olson
A new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's housing market rebound from a foreclosure crisis instigated by risky loans.
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Business groups bless Mayor Ballard's utility sale plan

May 22, 2010
 IBJ Staff
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
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State opens 2nd biz-development office in China

May 21, 2010
 IBJ Staff
Zhejiang Province office will be Indiana Economic Development Corp.'s seventh international location.
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Arcadia Resources says it will add 930 jobs

May 19, 2010
Scott Olson
Executives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday morning announcement at the company's headquarters.
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Wind energy jobs sought at Dallas trade show

May 19, 2010
 IBJ Staff
An economic development squad is heading to Dallas to woo wind-energy firms. Indiana ranked second in the nation last year in adding wind-generating capacity.
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Tipton County OKs $13M bond to help sell Getrag plant

May 19, 2010
 IBJ Staff
The Tipton County Council on Tuesday unanimously approved $13 million in incentives intended to help land a solar power firm interested in buying the empty Getrag plant on U.S. 31 near Kokomo.
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IMPD suspends officer over golf cart incident

May 18, 2010
Cory Schouten
The Indianapolis Metropolitan Police Department has suspended and reassigned a supervisor on Marion County Prosecutor Carl Brizzi's security detail who incorrectly reported that a fellow officer—and not Brizzi—was driving a golf cart that flipped at a 2008 political fundraiser.
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Old General Motors sites could receive $800M for clean up

May 18, 2010
Associated Press
The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.
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Indiana Rep. Souder says he'll resign over affair

May 18, 2010
Associated Press
Indiana Rep. Mark Souder announced Tuesday he would resign from Congress, effective Friday, because he had an affair with a staffer.
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New monthly event aims to recruit downtown residents

May 18, 2010
Cory Schouten
Indianapolis Downtown Inc. is launching a new monthly event to encourage more people to live downtown just as real estate brokers say interest in available homes is picking up.
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IMPD investigates Brizzi golf cart incident

May 17, 2010
Cory Schouten
The Indianapolis Metropolitan Police Department is investigating the circumstances surrounding an officer's injury at a 2008 fundraiser for Marion County Prosecutor Carl Brizzi. IMPD also has cut back overtime hours allowed for Brizzi's security detail, one of its most prolific overtime producers.
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Fort Wayne's Wyss tops ranking of business-friendly lawmakers

May 15, 2010
 IBJ Staff
Speaker Pat Bauer get the lowest ranking in the state chamber's analysis.
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Prosecutor drops arson charges in Cosmopolitan fire

May 14, 2010
 IBJ Staff
Homeless man Brandon Burns had been accused of setting the massive blaze.
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Lilly, others cut U.S. tax bills through transfer pricing

May 14, 2010
Bloomberg News
U.S. companies, including Eli Lilly, amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of last year. That cumulative total increased 70 percent over three years.
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FBI combs through records on Brizzi deals

May 13, 2010
Cory Schouten
The FBI is collecting records on an Elkhart real estate deal and an Indianapolis drug case, both involving Marion County Prosecutor Carl Brizzi and defense attorney Paul Page.
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Indiana, IBM sue each other over welfare contract

May 13, 2010
 IBJ Staff and Associated Press
IBM says it is owed nearly $53 million in fees and equipment expenses under the 2006 contract. The state says in its lawsuit that it has paid $437 million to IBM and has received "minimal value" in return.
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  1. In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.

  2. I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?

  3. Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!

  4. See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.

  5. I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.

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