News & Analysis

Renault teams with Bollore to promote electric cars

September 9, 2014
Bloomberg News
Renault SA is teaming up with French billionaire Vincent Bollore to make electric cars as the two struggle to establish a market for the emission-free vehicles, including one in Indianapolis.
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Indiana appeals marriage ruling to U.S. Supreme Court

September 9, 2014
 The Statehouse File
Attorney General Greg Zoeller filed an appeal on Tuesday, asking the justices to overturn last week’s 7th Circuit Court of Appeals ruling that declared Indiana’s marriage law unconstitutional.
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PGA Tour event returning to Crooked Stick

September 9, 2014
Anthony Schoettle
The BMW Championship will tee off again at Carmel's Crooked Stick Golf Club in 2016. In 2012, the event, won by Rory McIlroy, generated $30 million in economic impact for the region.
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Kokomo council rejects ban on smoking in bars

September 9, 2014
Associated Press
Council members voted 5-4 Monday night to defeat the proposed ordinance after one councilman who voted to support it last month switched his vote.
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Feds OKs $1.8 million for health exchange helpers

September 9, 2014
Associated Press
The U.S. Department of Health and Human Services is sending Indiana money to help the state's health care plan navigators sign up more residents through a federally run exchange.
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Hardware association investing $4M to move downtown

September 9, 2014
Scott Olson
The Indianapolis-based North American Retail Hardware Association bought a building on North Delaware Street downtown and will move its headquarters there following an extensive renovation.
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Veteran Colts beat writer Chappell joining WRTV

September 9, 2014
Jeff Newman
Mike Chappell, who spent 30 years as a sportswriter with The Indianapolis Star before resigning Monday, has joined WRTV-TV Channel 6 as a writer and commentator, the station announced Tuesday morning.
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Harlan Bakeries plans $13M expansion in Avon

September 8, 2014
Jeff Newman
The company, one of Hendricks County's largest employers, said the expansion will help it retain 700 workers at its flagship plant
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U.S.-Japan group calls for finishing trade pact

September 8, 2014
Associated Press
Government officials from the United States and Japan called Monday for completion of an international trade agreement that they said would strengthen ties between the two allies and help both countries recover from their own economic struggles.
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Indianapolis council OKs public safety tax hike

September 8, 2014
Kathleen McLaughlin
In a 19-10 bipartisan vote, the Indianapolis City-County Council approved a hike in the public-safety income tax. The 43-percent increase will bring the total local income tax rate to 1.77 percent.
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Court: IURC erred in approving Duke fee hike

September 8, 2014
Associated Press
The Indiana Court of Appeals ruled Monday that state utility regulators wrongly approved $61 million in ratepayer fees for the Edwardsport coal gasification plant.
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Court order keeps suspension of vanity plate sales

September 8, 2014
Associated Press
The Indiana Supreme Court says the Bureau of Motor Vehicles can continue suspending sales of vanity plates until a court case is settled.
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School of Philanthropy at IUPUI appoints new dean

September 8, 2014
Jeff Newman
Indiana University has found a successor to Gene Tempel, who is set to step down as dean of the IU Lilly Family School of Philanthropy at IUPUI. The position will be funded through the newly created Eugene R. Tempel Deanship.
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Startup Companion Diagnostics trying to work through bankruptcy

September 8, 2014
J.K. Wall
Companion Diagnostics Inc., a biotech company that relocated to Indiana from Connecticut in 2010, has entered bankruptcy reorganization while it tries to develop a therapy for inflammation.
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Pence, other governors meet with Japanese trade officials

September 8, 2014
Associated Press
This year's goal for the Midwest U.S-Japan Association is to find opportunities for the Midwest's environmental, health and wellness sectors as the population of Japan and the U.S. states age.
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Treasury explores ways to limit profitability of overseas shifts

September 8, 2014
Associated Press
Treasury Secretary Jacob Lew said Monday the Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries.
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U.S. executives feeling tight-fisted about worker raises

September 8, 2014
Associated Press
A survey of Harvard Business School alumni released Monday reveals a series of trends that are widening income disparities and may be weakening the ability of the U.S. economy to grow in the long term.
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Former Butler President Bobby Fong dies at 64

September 8, 2014
Mason King
Fong, who presided over a period of enrollment growth and national renown at the Indianapolis university, died Monday morning of natural causes.
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Electrolux to buy GE Appliances in $3.3B deal

September 8, 2014
 Associated Press and IBJ Staff
The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool. Louisville-based GE Appliances has a long history in Indiana.
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Pence's pivot to the middle annoys far-right base

September 7, 2014
Associated Press analysis
Many in GOP circles are keeping close watch on the first-term governor, especially those on the far right who are showing signs of disillusionment.
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Purdue introduces competency degree program

September 7, 2014
Associated Press
The College of Technology program allows students to progress at their own rate as they demonstrate mastery of specific skills, rather than performance measured only at fixed calendar intervals of classroom time.
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Bed shortage forces shelters to turn victims away

September 7, 2014
Associated Press
Indiana's domestic violence shelters are serving record numbers of victims, and rising demand has drawn attention to the need for more beds.
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Indiana works to avoid record-low election turnout

September 6, 2014
Associated Press
Indiana's top elections official and leaders of both political parties are turning to traditional and social media and door-to-door visits in hopes of getting more residents to vote in the November general election.
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Ideal owners needed for tricky north-side properties

September 6, 2014
Andrea Muirragui Davis
Size and age complicate the sale of several prominent structures in Boone and Hamilton counties.
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Indy Star will be carrying lots of baggage to new home

September 6, 2014
Greg Andrews
Revenue for Gannett's newspapers may continue to drift lower after the company breaks into two next year.
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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