Economic Development

IU to seek $80M from state for massive life sciences pushRestricted Content

August 14, 2006
Tom Murphy
Indiana University leaders believe their researchers can spawn 100 new companies, pump $2.4 billion into the state's economy, help create 14,000 jobs, and generate a $2.25 return for every dollar spends if the General Assembly will invest in their bold life sciences strategy.
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New Sports Corp. boss adjusting game planRestricted Content

August 14, 2006
Anthony Schoettle
Tom King thinks its time to run the not-for-profit Indiana Sports Corp. with a for-profit mind-set, a change that could radically alter the organization credited with implementing the city's amateur sports strategy.
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Six sites named 'Shovel Ready': State program designed to speed permit process for fast-track developersRestricted Content

August 14, 2006
Scott Olson
State officials have added another arrow to their quiver of economic-development incentives meant to attract companies to Indiana. A new pilot program, known as Shovel Ready, certifies land that can be rapidly developed. The aim is to make the properties more attractive to companies by cutting the time it takes to navigate the permitting process. "The ability to expedite a company's development will make us more competitive than perhaps we have been in the past," said Chris Pfaff, director of...
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Bonds' shaky support threatens Crane biz park: Region attempts to build on base's stay of executionRestricted Content

August 7, 2006
Peter Schnitzler
During his first months in office, Gov. Mitch Daniels' top priority was engineering a stay of execution for the Crane Naval Surface Warfare Center, 90 miles southwest of Indianapolis. Losing its 5,200 employees and contractors would have been a devastating blow to the region. Daniels' lobbying effort in Washington, D.C., was so successful that the Association of Defense Communities last month recognized him as "2006 Public Official of the Year." But troubles with local financing for a new business park...
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Venture Center's Beck plans seed capital fund: Former Rose-Hulman Ventures prez returns to townRestricted Content

July 31, 2006
Peter Schnitzler
Over the last three years at the helm of Indiana Venture Center Inc., one thing became all too clear to Steve Beck: Not much money is available locally for early-stage companies. So he's going to raise some himself. Last week, Beck, 59, announced he's stepping down as Indiana Venture Center president to become co-managing director of IVC Equity Partners, a new local seed capital fund. His IVC Equity cofounder is Scott Prince, 38, a Columbus native and Indiana University graduate...
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Ethanol backer harvesting investors: Cardinal, others see biofuel potential, while skeptics see risk 982 1372 1071 1392IBJ's Life Sciences & Biotech Magazine looks at the future of biofuel production in Indiana. SECTIONBRestricted Content

July 31, 2006
Chris O\'malley
IBJ's Life Sciences & Biotech Magazine looks at the future of biofuel production in Indiana. SECTIONBDuring one day this month, Randolph County farmer Troy Prescott drove hundreds of miles to visit three western Ohio towns-gladhanding potential backers gathered at a VFW hall, an armory and a restaurant. And just a few days ago, in Fishers, he spelled out his vision to more than 50 people, some wearing suspenders and down-on-the-farm twangs. Prescott isn't running for Congress, but his 25-city road...
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Indy Partnership helps spur job growth above Midwestern normRestricted Content

July 24, 2006
Peter Schnitzler
For the last half-decade, Indianapolis has shown greater job gains than any other large city in the Midwest. During the same period, the Indy Partnership has been responsible for the area's economic development.
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Bank boss eyes No. 1: New Fifth Third chief plans expansion, faces tough ChaseRestricted Content

July 10, 2006
Matthew Kish
The view from John Pelizzari's 14th-floor office in downtown's Capital Center is a good one. The recently hired president and CEO of Cincinnati-based Fifth Third Bancorp's central Indiana operations can see the rooftops of many of downtown's landmarks. And he likes it that way. He's used to the view from the top. From 2001 to 2005, Pelizzari, 50, captained the ship for Fifth Third's northern Michigan affiliate, which enjoyed a whopping 28-percent market share, more than 10 percentage points higher...
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Indiana Rail Road on track for customer growth: Acquisition of Canadian Pacific line brings more jobsRestricted Content

July 10, 2006
Chris O\'malley
What little some people see of active railroads these days is when they catch a glimpse of Indiana Rail Road Co.'s Ferrari-red engines pulling hopper cars from downstate coal mines up to Indianapolis Power & Light's Harding Street generating station, south of town. "People feel like railroads are a dying industry," said Thomas Hoback, founder and CEO of Indiana Rail Road, the 20-yearold freight concern based in Indianapolis. Looks can be as deceiving as the speed of a locomotive approaching...
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EYE ON THE PIE: Tattoos aren't only things we hideRestricted Content

July 3, 2006
Morton Marcus
I admit I don't understand the world in which I live. For example, a study in the Journal of the American Academy of Dermatology reports that 24 percent of Americans age 18 to 50 have one or more tattoos. That rises to 36 percent when we look at just those 18 to 29. I don't get it. Is this body art, a message to the world, a commitment to oneself or someone else? Tattoos do fill in all that empty...
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CHRIS KATTERJOHN Commentary: Reflections on DST, GovernmentiumRestricted Content

June 26, 2006
I love it. It makes summer even better than it already was. I don't believe, as a friend of mine recently suggested, that DST is a plot by Republican businessmen to play more golf in the summer. No, it was a sound economic development move, and I'm glad the Legislature wised up and made it happen. Big picture, it's good for business. Speaking of which, I haven't talked to a single businessperson who's seriously complaining about the time change. If...
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Aquaculture industry set to cast bigger net: Ag officials hope Indiana spawns more fish farmersRestricted Content

June 26, 2006
Scott Olson
Forrest Gump owned a shrimp boat. Tim and Julie Connor have a shrimp farm instead. The couple, who live on 22 acres near Monrovia, are in their third season raising prawn, or large shrimp, from a pond on their property. The $4,000 they earned last year from selling 350 pounds of the crustaceans to the public is hardly enough to cause Tim, 47, to retire from the job he's held at Allison Transmission for 28 years. But if the sideline...
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Car event 'astonishing': In 4th year, local show already one of nation's largestRestricted Content

June 19, 2006
Anthony Schoettle
Economic development leaders and corporate executives thought Roger Brummett was spinning his wheels when he launched a classic car show in Indianapolis four years ago. But Brummett and partner Tim Durham find themselves at the wheel of such a fastgrowing enterprise that they hope to expand it into a multiday event, with an auction and classic-car race, that they believe would draw 100,000 attendees. The pair also plans to replicate the show in other markets, starting in Naples, Fla., in...
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$20M overhaul for City Market?: Culinary school may replace east wingRestricted Content

June 19, 2006
Matthew Kish
City Market officials are trying to pull together an ambitious plan to transform the century-old downtown lunch spot into a virtual paradise for foodies, complete with an Ivy Tech culinary school campus. But they still have a couple of big hurdles to clear before giving the green light to the nearly $20 million project. Plans include razing the east wing and replacing it with a five-story, $18 million building that could house Ivy Tech State College's culinary programs. A separate...
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ECONOMIC ANALYSIS: Motor-vehicle jobs: a path to the future?Restricted Content

June 12, 2006
Patrick Barkey
Would landing a new Honda plant be a plus for the Indiana economy? You bet it would. In fact, it's hard to think of any similar-size investment that holds the same immediate potential for supporting additional jobs beyond those inside the plant walls. The project scores well on just about every objective measure you can come up with to assess its attractiveness. It draws on skills and occupations Indiana already has. Its activities hold great promise for new business for...
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BRIAN WILLIAMS Commentary: Program opens eyes to community needsRestricted Content

June 12, 2006
In 1973, an automobile accident inspired a mother to create a dynamic memorial to the accomplishments of her son and for the benefit of the community in which he lived. For 30 years, the Stanley K. Lacy Executive Leadership Series has offered a unique perspective to 25 individuals on the issues confronting our city and region. Guided by a moderator through tours, seminars, reading and interaction with experts, the participants debate education, government, health and human services, the justice system,...
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Geographic restrictions could backfire for PERF: $105 million fund carries lots of potential, risksRestricted Content

June 12, 2006
Peter Schnitzler
By restricting the new $105 million Indiana Investment Fund I to deals within state lines, Gov. Mitch Daniels hopes to simultaneously spur economic development and earn a spectacular return for Indiana's retired public employees. But venture-capital experts warn it's nearly impossible to have it both ways. "You need to be very, very clear what your objectives are when you invest [pension] money. Is it for economic development or to help the pensioners earn better pensions?" said John Taylor, vice president...
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Proposed resource center targets science, tech, math: BioCrossroads wants to help build strong foundation Pulling things togetherRestricted Content

June 5, 2006
Tracy Donhardt
Only 64 percent of Indiana's fifthgraders passed the latest ISTEP+ test in science. A little better-76 percent-passed the math component. Unfortunately, as children advance in grades, their ISTEP+ math scores worsen. By eighth grade, only 64 percent passed the math portion of the test. Yet, economic development officials in Indiana-and much of the country-want young students to choose to study in college areas of advanced manufacturing, life sciences, informatics, agribusiness and an array of disciplines that require a strong foundation...
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DANIELS' DEAL CLOSERS: IEDC generating jobs, but economy shares part of creditRestricted Content

June 5, 2006
Peter Schnitzler
It would have been big. Just last month, a team of officials from the Indiana Economic Development Corp. and The Indy Partnership, its local equivalent, were furiously negotiating with South Carolinabased fire-engine maker American LaFrance. Intrigued by a mix of economic incentives and Indiana's central location, American LaFrance considered moving its operations to Marion County. In formal negotiations, the company dangled promises of 653 jobs and a capital investment of $18.5 million. State records don't reveal what incentives Indiana offered...
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Plant left with hazy future: Ex-Visteon factory employs 2,000-for nowRestricted Content

May 29, 2006
Anthony Schoettle
A struggling auto plant on Indianapolis' east side has quietly shed 300 workers in the past year, reducing employment to 2,000, and analysts say it remains vulnerable to closing. If the steering-components plant on English Avenue meets that fate, employment losses would exceed the 1,500 jobs Indiana hopes to win by persuading Honda Motor Co. to build a $400 million plant in the southeastern part of the state. Before last fall, the east-side plant was part of Visteon Corp., a...
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ECONOMIC ANALYSIS: Good transportation paves the way for strong economyRestricted Content

May 22, 2006
Patrick Barkey
"Like it or not," noted author Richard Florida opined as he looked out over a crowd that recently gathered in Indianapolis to discuss economic development issues in central Indiana, "you are all part of the greater Chicago region." That might come as news to you who pay taxes, follow sports, or subscribe to a newspaper. But the point is well made. In the larger scheme of things-the so-called Shanghai perspective one would take in looking at our economy from the...
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VIEWPOINT: Illiteracy is a hot economic issueRestricted Content

May 22, 2006
John Mutz
"Is anybody there? Does anybody care? Does anybody see what I see?" So goes the refrain from the musical "1776," when George Washington communicates his frustration with how badly the Revolutionary War is going while the Continental Congress continues to debate the pros and cons of declaring independence from the British crown. Does anybody in Indiana see what I see? I see an economy, slowly recovering, but not booming like the rest of the country. I see state tax collections...
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ECONOMIC ANALYSIS: Improving state's economy requires a team approachRestricted Content

May 15, 2006
Patrick Barkey
More than 50 years ago, the famous economist Joseph Schumpeter told a simple story that perfectly captured the essence of market capitalism. It's a turn-of-the-century tale of a railroad being built in a part of the country where none had existed. The new investment rapidly upsets the order of everything-once ideally situated towns are left high and dry, while others move up in stature as they exploit newfound advantages. It's messy and it's painful, but the result is for the...
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Battle of the brands: Planners go back to drawing board after city slogan nixedRestricted Content

May 15, 2006
Matthew Kish
They thought they had a winner with The New Midwest. They even had the logo-a stylized "I"-all figured out. And a color palette. But then they hit a bump in the road. When Mark Miles became CEO of the Central Indiana Corporate Partnership in January, he joined the big group and said the slogan was a dud. At the least, he said, participants should run it by focus groups. They only had to run it by two before they realized...
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EYE ON THE PIE: Writers require clarity or risk calamityRestricted Content

May 15, 2006
Morton Marcus
Last night, I had a dream. I was standing on the ledge of a tall building. People down below were shouting, "Jump!" They were angry because they thought I misrepresented the various and diverse meal-delivery programs in Indiana in my column last week. One woman was yelling, "You're trying to take away my job!" "No," I tried to explain. I was just saying that such programs should be coordinated better and that no oversight agency exists to monitor not-for-profit agencies....
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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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