Economic Development

Let's strive to keep companies hereRestricted Content

February 2, 2009
Don't lose sight of viable businesses in your own backyard.
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As Indiana's commerce chief, Roob aims to 'hit on all cylinders'Restricted Content

January 12, 2009
Peter Schnitzler
IBJ talked to new Secretary of Commerce Mitch Roob about Indiana's challenges in 2009, including a recessionary economy, rising unemployment and work-force training gaps.
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Biotech venture fund in worksRestricted Content

January 5, 2009
Peter Schnitzler
BioCrossroads is setting the stage to create Indiana Future Fund II, an effort that would raise tens of millions of dollars for speculation on promising Hoosier life science companies.
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Big Three woes leave big void in IndianapolisRestricted Content

January 5, 2009
Kathleen McLaughlin
Automakers' Indianapolis manufacturing plants once employed 11,000, but closings and cutbacks zap good jobs, tax base.
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Plan calls for creating a downtown feel at IUPUI campusRestricted Content

December 22, 2008
J.K. Wall
In 20 years, IUPUI leaders want their campus to feel more like the rest of downtown — taller buildings, more parks, more people hanging out — and they want to connect it to the city's core.
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Businesses on MLK give revitalization another shotRestricted Content

December 22, 2008
Whitney Lee
The newly organized MLK Business Revitalization Association aims to bring new life to the neighborhood west of downtown by uniting area business owners behind a common goal -- cleaning up the community to attract other entrepreneurs.
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Feltman to pursue law, business in IndianapolisRestricted Content

December 22, 2008
Norm Heikens
Outgoing state Commerce Secretary Nate Feltman said that he likely will return to practicing law and become involved in business after leaving the post at the end of the month.
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How can we lure high-paying jobs?Restricted Content

December 15, 2008
Morton Marcus
Industries want to be where they get high output per dollar spent on compensation for workers — wages, salaries and benefits.
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Conference center plan for Hendricks County gets positive interestRestricted Content

December 15, 2008
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New hotel tax in Johnson County would fund horse park, tourism bureauRestricted Content

December 15, 2008
Johnson County officials this month approved a 7-percent tax on hotel-room stays.
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Quest to improve corridors continues in LebanonRestricted Content

December 15, 2008
The corridors leading into downtown Lebanon are a step closer to becoming more attractive.
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We need an adequately funded census to manage growthRestricted Content

December 8, 2008
Morton Marcus
Without good data, public and private decisions will be hampered in the next decade.
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Is 2012 Super Bowl wisest investment?Restricted Content

December 8, 2008
Brian Williams
The economic impact of a Super Bowl on the host city is subject to vigorous debate.
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Speedway project will have victimsRestricted Content

December 1, 2008
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Indianapolis needs more to-your-door delivery servicesRestricted Content

November 24, 2008
Carol Faenzi
There is an essential component missing that I believe service businesses have to pay attention to and offer if they truly consider themselves "taking care of the city [of Indianapolis] dwellers." One of them is to-your-door delivery, especially for food, including groceries.
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MacAllister awarded for service to community

November 17, 2008
Sam Stall
P.E. MacAllister has helped turn Indianapolis into a culturally vibrant city.
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Speedway on track to develop tourism year-roundRestricted Content

November 17, 2008
As the 100th anniversary of the Indianapolis Motor Speedway approaches, the town of Speedway, at long last, is making an aggressive play to turn the world-famous oval into an economic engine that runs year-round.
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Budget cuts threaten local economic data analysisRestricted Content

November 17, 2008
Morton Marcus
Budget cuts could eliminate programs that gather and analyze local and state economic data. This would hurt businesses and economic development officials, since they would not have the data that helps them see how their market differs from the state and the nation.
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Greenfield trying to grow post-secondary presence to aid economic developmentRestricted Content

November 17, 2008
Chris O'Malley
If certain people in Hancock County have their way, one of the fastest-growing new industries here could be adult education.
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ICVA embarking on new direction with new CEO WelshRestricted Content

November 17, 2008
Anthony Schoettle
Don Welsh is quickly making a name for himself as a change agent. Though few knew what to think when Welsh announced he was leaving Seattle to become Indianapolis Convention & Visitors Association CEO, he's shown he didn't come here to simply wind down his career.
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IU study looks into future of Orange County tourismRestricted Content

November 17, 2008
Scott Olson
Professors at Indiana University's Department of Recreation, Park and Tourism Studies are conducting an analysis of new tourism attractions in Indiana's Orange County.
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Cultural Development Commission may lose millions used to promote Indianapolis artRestricted Content

November 10, 2008
Kathleen McLaughlin
A commission that has drawn $12.5 million in grants and public money to promote Indianapolis' artistic side is awaiting word on its future.
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Architects and business leaders must work together to prudently maintain, build quality buildingsRestricted Content

November 10, 2008
Don Altemeyer
Especially during a recession, architects need to build strategies to reach new and existing clients and provide them cost-effective design and construction options.
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Economists research, analyze trendsRestricted Content

November 10, 2008
Mike Hicks
Most economists spend some time teaching, but the vast majority of our time is spent doing research.
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Downtown development great for citizens, visitorsRestricted Content

November 10, 2008
Chris Katterjohn
The development of shopping, restaurants, museums, public arts and hotels downtown in the past 25 years has made Indianapolis a vibrant, more interesting place to live—and to visit.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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