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Head of Indiana business agency gets ethics advice

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Indiana's top business-recruitment official has been advised by the State Ethics Commission to separate himself from tax-credit decisions that could benefit a company he co-owns.

The commission told Indiana Economic Development Corp. President Eric Doden on Thursday that a "wall of separation" is needed to safeguard him against any conflict-of-interest accusations. Doden, who was appointed to lead the group in January by Gov. Mike Pence, had sought an advisory opinion from the ethics panel.

Doden is on leave from Domo Ventures LLC, a company he co-owns with a Michigan resident, The Journal Gazette reported. Domo Ventures is a minority partner in Domo Development LLC.

Doden is concerned that Domo Development might offer a bid to develop a site in Fort Wayne that's adjacent to Parkview Field, where the city's minor-league baseball team plays. If Fort Wayne expands a revitalization district adjacent to that property and Doden's company wins a contract, it would be eligible for a state tax credit that would have to be approved by the economic development agency.

If granted the tax credit, the company, and therefore Doden, would benefit financially.

"We wanted to make you are aware of this potential," Doden said in seeking the advisory opinion.

Expanding the city's revitalization district requires approval from the State Budget Committee. But under normal procedures, Doden would be the one who would have final say on whether an investment made in the district qualified for the tax credit.

Stephen Akard, general counsel for the Indiana Economic Development Corp., told the ethics panel Thursday that Secretary of Commerce Victor Smith would handle the matter instead if it came up in the future.

Ethics Commission member Peter Nugent said, "we can't put (Domo) in a position where they can't do business."

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  1. First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.

  2. My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.

  3. That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.

  4. TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.

  5. The Prestige was an awesome movie.

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