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House sends governor IEDC transparency bill

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The state House of Representatives sent Gov. Mike Pence a bill Tuesday that requires the Indiana Economic Development Corp. to make job-creation reports transparent to taxpayers and policy makers.

Senate Bill 162 will require the IEDC to include information on a number of things related to incentives granted to companies for job creation, including performance reviews, recaptured incentives, total number of recipients and tax credits claimed for the incentive period, and the actual number of jobs created compared to the number of new jobs anticipated.

“This bill strikes the appropriate balance by providing taxpayers with constructive information while respecting sensitive business information,” said Sen. Brandt Hershman, R-Buck Creek.

The IEDC has been working along with the legislature for several months to craft the measure so the agency can launch a transparency website when the law comes into effect July 1.

The bill was introduced by Sen. Mike Delph, a Republican from Carmel.

“It was evident when I joined the IEDC that it had benefited from effective management who fostered a culture of continuous improvement,” said Eric Doden, president of the IEDC. “That culture, along with this new legislation, helps us to consolidate our economic development project reporting into a format that is more accessible and easier to understand.”

The bill passed the House 98-0 and goes to Pence, who is expected to sign it into law.

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  • Rrrrrrrrrright!
    “It was evident when I joined the IEDC that it had benefited from effective management who fostered a culture of continuous improvement,” said Eric Doden, president of the IEDC. Which is why a bill was passed to keep you from lying.

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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