News brief

Vectren's third-quarter profit, revenue dive

October 30, 2009
 IBJ Staff
Evansville-based energy company Vectren Corp. reported a 47-percent drop in profit for its fiscal third quarter.
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Indiana cities association seeking local tax options

October 26, 2009
Associated Press
The association representing 470 cities and towns wants lawmakers to pass legislation that would give municipalities the authority to adopt local option income taxes.
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Louisville company purchases assets of local distributor

October 14, 2009
Louisville-based Bailey Tools & Supply Inc. said Tuesday that it has purchased the assets of Indianapolis distributor Capitol Drilling & Contractors Supply.
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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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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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Indianapolis Museum of Art wins national honor

October 6, 2009
Kathleen McLaughlin
IMA is one of 10 institutions across the country that will receive the 2009 National Medal for Museum and Library Service.
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Indy, state miss out on Olympic impact

October 2, 2009
 IBJ Staff and Associated Press
Chicago will not host the 2016 Olympics. The city was eliminated from consideration in the first round of voting by members of the International Olympic Committee today.
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Western-themed restaurant to open in Union Station

October 1, 2009
 IBJ Staff
The Cadillac Ranch restaurant will feature a mechanical bull above an inflatable floor.
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MZD, Kron add clients to roster

September 26, 2009
Two local advertising agencies recently signed new clients: MZD Advertising signed a deal to be agency of record for Edward’s Transmissions and Engines, and Kron & Associates recently was named agency of record for the School of Adult Learning at Anderson University.
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Next year's State Fair to feature Japanese exhibit

September 14, 2009
 IBJ Staff
Japanese culture will be on display at the Indiana State Fair next year. Indiana Gov. Mitch Daniels announced today, while traveling on a economic development mission in Japan, that the Asian country will be featured in its own exhibit at the fair for the first time in 2010.
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Education-technology agency seeks new directorRestricted Content

September 12, 2009
 IBJ Staff
IHETS, the Indianapolis-based organization that helps the state’s schools and universities conduct Web and video conferencing, is looking for a new executive director.
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Purdue sees statewide enrollment grow 3 percent

September 11, 2009
Associated Press
Purdue University said today that its statewide fall-semester enrollment is up more than 3 percent from last year.
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Historic area commemorating start of fountain project

September 4, 2009
 IBJ Staff
The Fountain Square neighborhood will meet at 3 p.m. Tuesday at the Shelbi Street Café & Bistro Lounge to mark the start of work on a $650,000 project to replace its landmark fountain.
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Greenwood manufacturer plans 43 new jobs

September 4, 2009
Associated Press
A Greenwood-based tool and machine parts manufacturer plans to add up to 43 jobs in the next six months by combining operations from two other states.
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Cummins calling back 438 workers

September 4, 2009
Columbus-based Cummins Inc. is recalling 438 hourly workers, including 340 at its Midrange Engine Plant in Walesboro.
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Local panel to discuss climate bill's possible business impact

September 2, 2009
 IBJ Staff and Associated Press
A panel of energy and legal experts will gather tomorrow evening to discuss what the climate change bill now before Congress could mean for Indiana businesses.
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Ex-Homeland Security chief Ridge named to Brightpoint board

September 1, 2009
 IBJ Staff
Indianapolis-based wireless phone distributor Brightpoint Inc. has appointed Tom Ridge, the first secretary of the U.S. Department of Homeland Security, to its board of directors, the company announced this morning.
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Delaware County latest to join public-transportation group

August 31, 2009
 IBJ Staff
Delaware County has become the 10th county to join the Central Indiana Regional Transportation Authority, the quasi-governmental organization announced today.
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Anthem, St. Francis reach agreement in principle

August 29, 2009
 IBJ Staff
The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana, ending a disagreement over insurance reimbursement costs, the parties said today.
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University Loft plans 30 jobs in Greenfield

August 28, 2009
 IBJ Staff
Indianapolis-based University Loft Co. expects to add 30 full-time jobs at its Greenfield manufacturing facility thanks to a federal pact with the U.S. Marine Corps. The company recently was awarded a multi-million-dollar contract to supply metal furniture for the Marine Corps’ Camp Lejeune base in North Carolina.
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Indiana's $132M energy-conservation plan OK'd

August 28, 2009
 IBJ Staff
Indiana will use nearly $132 million in federal stimulus funding to help more than 30,000 low-income households weatherize their homes and obtain more efficient appliances.
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Local contractor Enterprise acquires Freije

August 28, 2009
 IBJ Staff
Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that specializes in refrigeration-systems design, installation and service.
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Whirlpool to cut 1,100 jobs, close Indiana plant

August 28, 2009
 IBJ Staff and Associated Press
Whirlpool Corp. said today that it will cut 1,100 jobs by closing a refrigerator factory in Evansville. The jobs will be eliminated in mid-2010.
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Hurco suffers quarterly loss as sales plummet

August 28, 2009
 IBJ Staff
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million, or 90 cents a share, during the same quarter last year.
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Purdue business school dean to step down

August 28, 2009
 IBJ Staff
Richard A. Cosier, dean of Purdue University's Krannert School of Management for the past decade, plans to leave the post June 30, 2010, the university announced today.
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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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