Government & Economic Development

Farm plan may preserve crop subsidies, groups say

October 19, 2011
Bloomberg News
A bill backed by Indiana Sen. Richard Lugar would consolidate several subsidy programs into a plan to aid farmers when revenue declines.
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City taking redevelopment bids for key Mass Ave properties

October 18, 2011
Scott Olson
The city-owned properties targeted for redevelopment are at 555 N. New Jersey St., the site of Indianapolis Fire Department administrative offices and Station No. 7, and at 501 N. New Jersey St., the location of Firefighters Credit Union.
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Daniels names interim Hoosier Lottery director

October 17, 2011
Associated Press
Megan Ornellas will serve as interim director of the Hoosier Lottery until a replacement can be found for Kathryn Densborn, who resigned following a flap over her lavish spending on a new headquarters.
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More Indiana counties to gain automated welfare filing

October 16, 2011
Associated Press
Nineteen central Indiana counties will gain access to online filing and other automated intake for welfare benefits later this month, leaving Marion County as the only one without access to the automation.
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Johnson County eyes fee increases to offset cuts

October 15, 2011
Associated Press
Residents of a central Indiana county could pay more to own dogs or have work done at their homes and could buy a beer at county-owned property under proposals designed to bolster coffers.
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Kennedy's persistence put to testRestricted Content

October 15, 2011
Francesca Jarosz
Supporters and detractors of Melina Kennedy agree on this description of her: a persistently hard worker. Whether that trait is enough to make the 42-year-old Democrat an effective leader of the nation’s 12th-largest city is an open question.
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More Hoosier investment advisers will be regulated by stateRestricted Content

October 15, 2011
 IBJ Staff
The federal Dodd-Frank act shifts firms from Securities and Exchange Commission oversight.
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Bank directors feeling greater scrutinyRestricted Content

October 15, 2011
Francesca Jarosz
Tough economy, regulations dampen interest in the positions.
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Tea party sees Lugar as best target in Senate

October 13, 2011
Associated Press
The tea party movement's best remaining hope in 2012 for picking off an incumbent Republican in the Senate has boiled down to one state, Indiana, where six-term Sen. Richard Lugar still faces a challenge from the right.
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Manufacturer to beef up Frankfort operations, adding 160 jobs

October 13, 2011
 IBJ Staff
LEP Special Fasteners Inc. will relocate parts of its management, sales and distribution functions from Elgin, Ill., and expand its current manufacturing plant in Frankfort by 250,000 square feet.
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CIB contributes $500,000 toward tourism effort

October 11, 2011
Scott Olson
The gift will enable the Indianapolis Convention & Visitors Association to continue an annual marketing campaign aimed at attracting Midwestern visitors to the city.
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Printing manufacturer to expand in Tipton, create 35 jobs

October 11, 2011
 IBJ Staff
Bottcher America Corp. will invest $2.1 million to purchase new gear and create a 30,000-square-foot addition to its current facilities.
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Indiana drawing more people, businesses across state lines

October 8, 2011
Associated Press
Indiana saw more people move to the state than leave between 2005 and 2009 despite a decreased mobility nationwide attributed to the recession.
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Waiting for construction industry to recoverRestricted Content

October 8, 2011
Tawn Parent
The recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.
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Indiana doles out $60 million interest payment to fedsRestricted Content

October 8, 2011
 IBJ Staff
The state owes $2 billion in federal unemployment insurance debt.
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Startup dangles visas in return for funding, jobsRestricted Content

October 8, 2011
Kathleen McLaughlin
A new enterprise in the Muncie area hopes to capitalize on wealthy foreigners’ thirst for U.S. residency.
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City plans more bike lane construction

October 7, 2011
Anthony Schoettle
Mayor Greg Ballard has rolled out plans for an additional 75 miles of trails and bike lanes to be built throughout Indianapolis by 2015.
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Indiana Dem chairman calls on lottery director to quit

October 6, 2011
Associated Press
The head of the Indiana Democratic Party wants the director of the Hoosier Lottery to resign after an admission that it overspent on its new headquarters.
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Indiana budget picture improved modestly in September

October 5, 2011
Associated Press
Indiana's budget picture continued improving last month as the state collected $31 million more in taxes than planned.
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Skillman, Hamilton to lead Indiana Bicentennial panel

October 5, 2011
Associated Press
Lt. Gov. Becky Skillman and former U.S. Rep. Lee Hamilton will lead a group that's coordinating events to mark Indiana's upcoming bicentennial.
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U.S. OKs $196M for high-speed Chicago-Detroit rail

October 5, 2011
Associated Press
The U.S. Department of Transportation has approved $196.5 million for part of a high-speed Amtrak passenger rail link between Chicago and Detroit, U.S. Sens. Carl Levin and Debbie Stabenow from Michigan said Wednesday.
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Lottery says it overspent on amenities for new office

October 5, 2011
Associated Press
Indiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports raised questions about the lavish facility.
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Lawmakers might consider revamp of jobless benefits

October 5, 2011
Francesca Jarosz
State lawmakers could take up a proposal next year that would make unemployment benefits more flexible and give companies additional options for cutting back on employee hours through work-share programs.
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Election spending to exceed $6B thanks to Indiana lawyer

October 5, 2011
Bloomberg News
Indiana attorney James Bopp Jr. has spent 30 years fighting limits on campaign spending, and next year’s political landscape could be transformed by his labor.
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Two injured on motorcycle sue Indy over police crash

October 4, 2011
Associated Press
Two people who were seriously injured when an allegedly intoxicated Indianapolis police officer collided with their stopped motorcycle are seeking unspecified damages from the officer, the police department and the city in at least the third civil suit over the case.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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