Economic Stimulus

Old General Motors sites could receive $800M for clean up

May 18, 2010
Associated Press
The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.
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New federal funds come with big goals

May 5, 2010
J.K. Wall
Indiana has now received nearly $50 million in federal bucks to digitize health care around the state. But the latest grant—$16 million to the Indiana Health Information Exchange—comes with specific, ambitious goals for health care providers.
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Health care tech firm Gemms adding 69 jobs

April 20, 2010
 IBJ Staff
Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software development operations here, more than doubling its staff in the next five years.
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Indianapolis road projects aided by federal stimulus funds

April 17, 2010
 IBJ Staff
The city’s Department of Public Works plans a record $88 million in transportation improvements, including road, bridge and sidewalk projects.
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Bennett demands ISTA support for school reforms

April 9, 2010
J.K. Wall
State superintendent of public instruction says teacher union support imperative to win federal grant.
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MARCUS: It's not too late for a high-speed stimulus

March 13, 2010
Morton Marcus
“Too little, too late” is the standard objection to the economic stimulus program now in effect. That criticism is based on opinion, not fact. It will take several years to know whether the stimulus (or stimuli, because there was more than a single stimulus) worked.
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Cultural Trail snags $20.5 million stimulus boost

February 17, 2010
Scott Olson
The funds will be used for construction on the remaining 4.5 miles of the $62.5 million project, officials announced Wednesday.
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Federal rule tied to electronic medical records panned

January 30, 2010
J.K. Wall
The government has erected a high fence around a pot of $27 billion available to doctors and hospitals that successfully computerize their patient records by next year, sparking complaints.
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MARCUS: A heavenly suggestion for economic recovery

January 30, 2010
Morton Marcus
The federal stimulus programs are based largely on borrowing, not on taxation.
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Federal high-speed rail grants exclude big Indiana proposal

January 28, 2010
Chris O'Malley
A proposed high-speed commuter rail line that would run through northern Indiana was left out of federal stimulus grants announced this week.
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City to use $22.9M in stimulus for street, bridge repairs

January 26, 2010
Indianapolis will spend $22.9 million in federal stimulus money to make street and bridge repairs starting in the spring.
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HealthNet lands $10.5 million in stimulus funds

December 10, 2009
 IBJ Staff and Associated Press
HealthNet said it will use the funds to expand and renovate two community health centers that have outgrown their space.
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Indy route not part of high-speed rail funding applicationRestricted Content

November 14, 2009
Chris O'Malley
The decision to sidetrack a 110-mph Chicago-Indianapolis-Cincinnati train hasn’t received any attention locally. High-speed rail could someday become an economic development engine here, but it has not gained as much attention here as improved highways or a commuter rail line from downtown to Noblesville.
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IU economists forecast tepid growth in 2010

November 5, 2009
Scott Olson
Indiana University economists offered a cautious but improving economic outlook for 2010, in which they expect the personal income of Hoosiers to grow slightly and the state to add 50,000 jobs.
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Greenwood seeks $75M in stimulus funds to speed road plans, lure interchangeRestricted Content

October 31, 2009
Kathleen McLaughlin
The Johnson County community hopes an economic stimulus grant for transportation will hasten its plans to build an east-west thoroughfare and set the stage for a new Interstate 65 interchange.
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Indiana lands $39.4M in power-grid stimulus grants

October 27, 2009
 IBJ Staff and Associated Press
IPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.
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Economist: Recovery at hand, but barriers exist

October 9, 2009
Scott Olson
Leading indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ's annual Economic Forecast.
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HICKS: Stimulus job creation has been surprisingly small

September 26, 2009
Mike Hicks
Earlier this month, the Obama administration released its estimate of the impact of the fiscal stimulus on job creation.
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HHGregg, other retailers await stimulus joltRestricted Content

August 29, 2009
Cory Schouten
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering rebates on energy-efficient washers, refrigerators and air conditioners.
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Kokomo plants benefit from 'clunkers' program

August 26, 2009
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler plants.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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HICKS: Indiana State Fair offers fun kind of economic stimulus

August 10, 2009
Mike Hicks
The Indiana State Fair is a great treat, but there’s a lot more to it than the food and fun. In 2008, more than 859,000 folks visited the fair. According to our estimates, spending at the fair last year led to more than $63 million in total economic activity.
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Contractors, manufacturers hope clean-energy incentives, mandates lead to more businessRestricted Content

August 10, 2009
Chris O'Malley
Federal stimulus funds and greenhouse-gas legislation have the potential to spark a green version of the Gold Rush. Many Indiana firms are retooling to sell products or services that are or might soon be in demand.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The federal 'Cash for Clunkers' program has opened a floodgate of car sales that President Obama says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts a Purdue Retail Institute researcher.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The federal "Cash for Clunkers" program has opened a floodgate of car sales that President Obama says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts a Purdue Retail Institute researcher.
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