Government & Economic Development

State jobless rate dips for third consecutive month

October 21, 2009
Scott Olson
Unemployment in Indiana fell for the third consecutive month in September, bucking the national trend of rising jobless rates, the Indiana Department of Workforce Development said Wednesday morning.
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Lockheed Martin planning Indianapolis layoffs

October 19, 2009
 IBJ Staff
Maryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining call volumes and "funding issues" that are cutting short a five-year federal contract worth a total of $80 million.
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Consultant: Indianapolis water utility lax in overseeing Veolia

October 17, 2009
Chris O'Malley
The city too often relied on the Department of Waterworks’ board, on consultants and on the private operator, Veolia Water, rather than on the department’s own staff “to ensure safe and efficient operation, maintenance and management” of Indianapolis Water. That’s one of several critical findings of a consultant hired by the department and filed as part of a 35-percent rate-hike request pending before the Indiana Utility Regulatory Commission.
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Funding cut jeopardizes popular Indiana Artisan programRestricted Content

October 17, 2009
Anthony Schoettle
A state-run program aimed at boosting business for local artisans—ranging from painters to syrup makers—and turning them into a draw for tourists is in jeopardy because of dramatic funding cuts.
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Baucus health reform bill draws fire in Indiana, too

October 17, 2009
 IBJ Staff
The health insurance industry’s sudden counterpunch to the Senate version of health reform echoed in Indiana and opened a key issue for the rest of the debate: Will covering half of the country’s uninsured mean raising premiums for the 85 percent of Americans who already have insurance?
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City trying to land headquarters of storytelling organization

October 17, 2009
 IBJ Staff
The National Storytelling Network will consider Indianapolis, along with eight other cities, as it looks to move its headquarters from Jonesborough, Tenn.
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Bloomington mayor to roll out chain-store ordinance for downtown

October 17, 2009
Kathleen McLaughlin
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
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HICKS: Flu season offers prelude to health care reformRestricted Content

October 17, 2009
Mike Hicks
This flu season looks to provide us an inkling of the real dangers inherent in large-scale health care reform, most especially a full-blown national health care option.
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Governor to merge state museum into new agency

October 16, 2009
Kathleen McLaughlin
Indiana Gov. Mitch Daniels is planning to merge the Indiana State Museum, 12 historic sites and state library under one new agency, according to sources close to the museum.
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Tougher smoking ban passes committee

October 15, 2009
 IBJ Staff
An ordinance that would prohibit lighting up in bars, bowling alleys and nightclubs, and nearby outdoor seating areas as well, was endorsed 4-2 by a City-County Council committee Wednesday night.
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Indiana State Museum chief Dressel abruptly resigns

October 14, 2009
Kathleen McLaughlin
Barry Dressel has resigned as the president and CEO of the Indiana State Museum, the state's Department of Natural Resources confirmed Wednesday afternoon.
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City strengthens building-permit process

October 14, 2009
Scott Olson
The pre-permit review could add nearly three weeks to the current permitting process
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CIB improves financial situation with more cuts

October 13, 2009
Scott Olson
The Indianapolis Capital Improvement Board's dire financial situation might be improving enough that it may forego the first installment of a $27 million state loan.
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Frequent GOP candidate Scott wants to face Carson

October 13, 2009
Associated Press
A Butler University professor who has run for Congress several times says he will seek the Republican nomination to challenge Democratic Rep. Andre Carson of Indianapolis next year.
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Study: Taxing services could yield state $6.8B

October 12, 2009
Peter Schnitzler
The non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding the state's sales tax to include services.
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Securities firm Stifel Nicolaus balks at fraud charge

October 10, 2009
Peter Schnitzler
Transactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds were clients of Jeff Cohen.
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Grocery, housing projects could rejuvenate stretch of 16th Street

October 10, 2009
Cory Schouten
A troubled low-income housing project has a new owner with plans to redevelop the complex to better connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
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Mayor seeks your suggestions

October 10, 2009
 IBJ Staff
The newly created Indy Ideas Web site and the Neighborhood Association Council are both intended to encourage participation in local government.
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Green year for city hall, businesses

October 10, 2009
 IBJ Staff
It’s been a year since Republican Mayor Greg Ballard launched the City’s Office of Sustainability. On Oct. 6, Ballard and his sustainability director, Karen Haley, outlined accomplishments in the first year.
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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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Daniels warns of more cuts amid revenue declines

October 8, 2009
Scott Olson
Indiana Gov. Mitch Daniels warned Thursday morning that more state budget cuts could be forthcoming in light of a prolonged drop in tax collections. Indiana collected $3.3 billion in total revenue during the fiscal first quarter, 14 percent less than the same period last year.
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Controversial downtown project to get tax abatement

October 7, 2009
Scott Olson
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial public-private plan to redevelop a vacant downtown office building.
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Senate bill doesn't fund Rolls-Royce jet engine

October 7, 2009
 IBJ Staff and Associated Press
The measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into a final version.
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IT consultant up for tax abatement

October 6, 2009
Cory Schoute
A city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
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Indy Partnership's Web site, newsletter recognized

October 6, 2009
Indy Partnership has been chosen to receive three Excellence in Economic Development Awards today at the International Economic Development Council's annual conference in Reno, Nev.
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