Government & Economic Development

State gambling revenue expected to stay flat

August 24, 2009
Scott Olson
Indiana’s share of tax money generated by the state’s 13 casinos is expected to remain relatively flat for at least the next few years, a state fiscal analyst told Gaming Study Committee members this morning.
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ICVA might take out loan to market city for conventionsRestricted Content

August 24, 2009
Anthony Schoettle
The Indianapolis Convention & Visitors Association is so desperate for more marketing funding, the organization charged with promoting the city as a convention and tourism destination is considering taking out a loan. While that would be the last resort, ICVA CEO Don Welsh said it is one he will have to consider if the money can’t be raised through local taxes.
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Democrats eager to face Ballard

August 24, 2009
Cory Schouten
Several prominent local Democrats are lining up to challenge Republican Mayor Greg Ballard just two years into his first term.
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Affordable housing developers struggle as key funding source disappearsRestricted Content

August 24, 2009
Kathleen McLaughlin
Affordable housing developers nationwide are facing a drastically weaker market for tax credits.
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Director of Carmel performing arts center says venue will be 'amazing'Restricted Content

August 24, 2009
Kathleen McLaughlin
Steven Libman believes he’ll have no trouble raising money for a $3 million operating budget, and says he plans to pack the calendar with big-name acts.


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Site visit lifts county's hopes for landing Harley

August 20, 2009
 IBJ Staff
Harley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development prize.
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PricewaterhouseCoopers adds BearingPoint consultants

August 17, 2009
 IBJ Staff
The Indianapolis office of New York-based PricewaterhouseCoopers is adding 20 consultants following the accounting firm’s purchase of a portion of McLean, Va.-based BearingPoint Inc.
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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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Q&A with Indianapolis Airport Authority CEO John ClarkRestricted Content

August 17, 2009
Chris O'Malley
Clark talks to IBJ about how the airport can increase revenue by diversifying its sources of income. The airport can't rely on higher passenger counts to boost its bottom line.
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MARCUS: Changing roles cause conflictRestricted Content

August 17, 2009
Morton Marcus
Americans are uncomfortable when responsibilities between the public and private sectors shift.

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Toll road was good deal for stateRestricted Content

August 17, 2009
I cannot help but agree with the author’s assessment: the state of Indiana got a pretty good deal on the lease-sales agreement.
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Indiana is lucky to have toll leaseRestricted Content

August 17, 2009
The facts are that toll increases are strictly limited in the contract and cars using electronic tolling have had no increase and are still paying the $4.65 toll rate set in 1985, one of the lowest per-mile tolls in the nation.
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Higher-ed chief Lubbers is up to taskRestricted Content

August 17, 2009
In her short tenure thus far as commissioner, she has already helped me personally with an issue I was experiencing as a law student.
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Beverage firm to open Columbus plant

August 12, 2009
 IBJ Staff
Tipton Mills, a New York specialty beverage company, announced today it will locate a  plant in Columbus, Ind., creating more than 40 jobs.
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City-County Council OKs hotel tax hike

August 10, 2009
 IBJ Staff
The City-County Council voted 15-14 last night to approve raising the local hotel tax from 9 percent to 10 percent in a move intended to help the cash-strapped Indianapolis Capital Improvement Board close a $47 million operating deficit.
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CIB OKs budget, but awaits council vote

August 10, 2009
Scott Olson
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the City-County Council’s approval of a hike in the local hotel tax.
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Veolia appeals regulators' rate-hike decision

August 10, 2009
Chris O'Malley
Veolia Water Indianapolis, which manages the city’s water utility, has appealed an order issued by state utility regulators that limited a major rate increase sought by the city.
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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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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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Quest Information goes after government contractsRestricted Content

August 10, 2009
Chris O'Malley
Quest Information Systems does the kind of contracting where any screw-ups—even those not necessarily of its own doing—can bring an unflattering public spotlight. The Indianapolis custom software developer works for politicians and bureaucrats, a group many businesses seek to avoid.
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Hamilton County Alliance spins off entrepreneurial center

August 10, 2009
 IBJ Staff
The Hamilton County Alliance economic development group has spun off its Entrepreneurship Advancement Center, which serves fast-growing startup businesses in Carmel, Fishers, Noblesville, Westfield and the rest of Hamilton County.
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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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EnerDel lands $118 million stimulus grant

August 5, 2009
Scott Olson
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant from the federal government.
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Lawmakers cut state tourism office's budget in halfRestricted Content

August 3, 2009
Scott Olson
Destinations throughout Indiana no longer can count on a state marketing campaign to help drive summer crowds. Lawmakers who passed a budget during the special session at the end of June sliced the state’s annual contribution to the Indiana Office of Tourism Management in half—from $4.8 million to $2.4 million.
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Is Indiana coming out of venture capital swoon?

August 3, 2009
 IBJ Staff
Carmel-based Dormir LLC’s announcement July 29 of $12 million in venture financing was the second local life sciences deal announced in July. It could suggest a turnaround from a woeful second-quarter performance, when Indiana life sciences firms announced zero venture capital deals.
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