Government & Economic Development

States could be expanding wealth gap with tax policies

June 5, 2014
Associated Press
Politicians in Indiana and other states hope tax cuts for businesses will boost their economies, but those and other moves could be contributing to the income gap limiting growth in U.S. consumer spending.
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State awards $9 million to boost school safety

June 5, 2014
Associated Press
The funds will be split between purchasing new equipment for schools and hiring resource officers.
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State plans conference to examine tax structure

June 4, 2014
Seth Morin, The Statehouse File
More than 200 local and national tax professionals and policy makers will participate in the Indiana Competitiveness and Simplification Conference on June 24 at the Indiana Government Center.
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Coats, Donnelly demand answers on VA wait times

June 4, 2014
Associated Press
The senators planned to submit a letter Thursday to Acting Secretary Sloan Gibson requesting a review of Indiana facilities after a May 20 request to former Secretary Eric Shinseki went unanswered. Shinseki resigned last week.
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Indianapolis to host national anti-violence summit

June 3, 2014
Associated Press
Indianapolis' near-record homicide rate has prompted the U.S. attorney to schedule a summit where public safety leaders from Detroit, Chicago, Gary and other urban areas can share the strategies they've used for reducing killings.
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City-County Council OKs $16M more in road-repair spending

June 3, 2014
The amount adds to the already $8.3 million in street-repair spending that was approved by the council May 12.
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Council votes to support $30M Broad Ripple project

June 2, 2014
Developer Browning Investments Inc. plans to use $5.7 million from the bond issue to help finance the apartment/retail project along the Central Canal.
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Indiana primary election turnout only 13 percent

June 2, 2014
Associated Press
Secretary of State Connie Lawson announced the turnout Tuesday, saying only 617,000 of Indiana's 4.5 million registered voters cast a vote in the primaries.
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Online grocer plans 238 jobs in Indianapolis

June 2, 2014
 IBJ Staff
Peapod Inc., an online grocery-delivery service, is seeking city tax incentives to help it with an expansion that would create 238 jobs by 2018. The jobs would pay about $15 per hour.
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UPDATE: State off to slow start boosting veteran businesses

June 2, 2014
Associated Press
State figures show that about 1 percent of contracts have gone to Veterans Business Enterprises, while Gov. Mike Pence set a 3-percent goal when the push started last summer.
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Council to consider citywide landlord registry

June 2, 2014
Kathleen McLaughlin
Indianapolis landlords would have to register with the city by Jan. 1 or face a $500 fine under a proposal that will be introduced to the City-County Council on Monday night.
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Financial questions hound Indiana state treasurer candidates

June 1, 2014
Associated Press analysis
Financial questions from years-old deals are dogging two top candidates seeking the Republican nomination for state treasurer and evoking memories of previous intraparty battles.
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Democratic gathering spurs talk of 2016 candidates

May 31, 2014
Associated Press
The official business of the Indiana Democrats' convention Saturday may have been to formally nominate candidates for 2014, but much of the talk was about two politicians eyeing a run for governor.
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Teamwork transforming care at IU Health's Saxony hospitalRestricted Content

May 31, 2014
J.K. Wall
Getting everyone into the same room prior to surgeries is cutting costs and improving health.
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Operator of lottery stands by lofty goalsRestricted Content

May 31, 2014
Kathleen McLaughlin
Gtech Indiana says it can generate unprecedented growth by focusing on the basics. Rather than trying to add new types of games or turning to Internet gambling, the company plans a slightly different mix of games and a whole lot more opportunities for Hoosiers to buy them.
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Political conventions fell short on return on investmentRestricted Content

May 31, 2014
Anthony Schoettle
Daunting scheduling and fundraising challenges led city officials to walk away from opportunities to bid on the 2016 national conventions for both Republicans and Democrats, but the city’s latest Super Bowl setback might make the 2020 political conventions alluring.
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Pedcor angling for $16M subsidy for City Center expansion

May 31, 2014
Andrea Muirragui Davis
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
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Indianapolis cancels cricket championship

May 30, 2014
"Deteriorating" communications with the sponsoring organization forced the decision, the city of Indianapolis announced Friday afternoon.
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Lottery commission OKs new multistate Monopoly game

May 30, 2014
Kathleen McLaughlin
Under its aggressive sales strategy for the next fiscal year, the Hoosier Lottery's operator will add games including Monopoly Millionaires' Club and Bingo To Go.
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Shinseki resigns amid veterans' health care issues

May 30, 2014
Associated Press
Veterans Affairs Secretary Eric Shinseki resigned Friday after publicly apologizing for systemic problems plaguing the agency's health care system.
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Government groups tap civic 'hackers' to address problems

May 29, 2014
Dan Human
A collection of tech firms and business organizations will host a “hackathon” on Saturday at The Speak Easy, a Broad Ripple co-working club for entrepreneurs.
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UPDATE: Manufacturer plans $110M expansion, 329 jobs

May 29, 2014
Associated Press
Alcoa Howmet factory in LaPorte, which makes castings for the aerospace and industrial gas turbine industries, will receive local and state tax breaks in return for job commitments.
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Push grows for Shinseki to go as veteran care flaws found

May 29, 2014
Bloomberg News
A report found the VA's Eastern Area Fiduciary Hub in Indianapolis was "not timely processing allegations of misuse of beneficiary funds, conducting field examinations, and processing some incoming mail."
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Pence’s HIP 2.0 plan gets kudos at first public hearing

May 28, 2014
Seth Morin, The Statehouse File
Health care professionals and advocates for the poor voiced praise and support Wednesday for a plan by Gov. Mike Pence to expand the state’s Healthy Indiana Plan to provide more insurance coverage to Hoosiers.
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Indianapolis part of new federal STEM initiative

May 28, 2014
 IBJ Staff, Bloomberg News, Associated Press
President Barack Obama drew attention to girls' science and engineering accomplishments Tuesday as he announced a mentoring effort involving Indianapolis to improve and diversify the nation's technological work force.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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