Government & Economic Development

Greensburg factory to invest $28M, add 250 workers

July 8, 2014
 Associated Press and IBJ Staff
Workers will be hired as global firm Valeo buys new equipment for its 400,000-square-foot engine cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.
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INDOT staffer in ethics case seeks new work

July 7, 2014
Associated Press
A top Indiana transportation official who is under investigation for land sales that benefited his family is considering taking an executive job at an engineering firm that bids for state work.
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UPDATE: Indiana vanity plate fight could go to Legislature

July 7, 2014
Associated Press
A fuss over a police officer's vanity plate has blown up into a constitutional debate that could lead to the Indiana General Assembly deciding whether to rewrite the law or stop selling personalized license plates altogether.
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Web startup Bookit planning expansion

July 7, 2014
Dan Human
Bookit Commerce Inc., which operates the website bookacoach.com, plans to hire 93 people by 2018, the locally based company announced Monday morning.
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Indy Chamber fights shrinking membershipRestricted Content

July 5, 2014
Kathleen McLaughlin
The chamber has lost 19 percent of its members since the start of 2011, even while other chambers of commerce around the country see renewal rates recovering along with the economy.
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State sits on prime downtown property near Statehouse

July 5, 2014
Kathleen McLaughlin
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
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Book publisher plans 313 distribution jobs in Indiana

July 2, 2014
 IBJ Staff
Penguin Random House LLC, the world's largest consumer book publisher, plans to consolidate much of its U.S. distribution operations in Crawfordsville, the company announced Wednesday morning.
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Pence tells feds that HIP 2.0 has broad support

July 1, 2014
 The Statehouse File
State officials say they will submit a plan Wednesday to expand the Healthy Indiana Plan to more uninsured Hoosiers using federal Medicaid dollars.
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Ex-Center Township trustee official charged with theft

July 1, 2014
Scott Olson
Federal prosecutors on Tuesday charged former CFO Alan S. Mizen, 59, of Zionsville with theft and embezzlement of federal program funds. If found guilty, he faces up to 10 years in federal prison.
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Counties worry about cost of criminal code changes

July 1, 2014
Associated Press
Sweeping changes to Indiana's criminal code took effect Tuesday that will send more low-level, nonviolent criminals to community corrections programs and jails instead of state prisons.
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State firms up crowdfunding rules for businesses

July 1, 2014
Dan Human
Indiana firms can use the Internet to raise up to $2 million in a single securities offering, and Hoosiers can invest up to $5,000 each online, according to new state rules.
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Ex-Center Township Trustee official faces charges

July 1, 2014
 IBJ Staff
U.S. Attorney Joe Hogsett has scheduled a Tuesday afternoon press conference to announce the arrest of a former public official from the Center Township Trustee’s Office.
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Key aide to Pence heading back to private sector

July 1, 2014
Associated Press
Gov. Mike Pence announced Monday that Deputy Chief of Staff Marilee Springer would be returning to Indianapolis law firm Ice Miller.
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Local software startup plans expansion, 74 hires

July 1, 2014
Dan Human
Software startup Lesson.ly LLC is looking for new space to accomodate the expansion. It is eyeing three possible locations, all downtown, and it will likely move within the next three months, CEO Max Yoder said.
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Obama lauds former CEO as right choice to fix VA

June 30, 2014
Associated Press
A former Army captain, Robert McDonald would bring a blend of corporate and military experience to a bureaucracy reeling from revelations of chronic, system-wide failure and veterans dying while on long waiting lists for treatment.
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Indy lands huge volleyball event with $59M impact

June 30, 2014
 IBJ Staff
Indianapolis is expecting 15,000 athletes and 30,000 spectators for the 2016 USA Volleyball Girls’ Junior National Championships.
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Concerns raised over possible rate hike for electric cars

June 30, 2014
Alec Gray, The Statehouse File
The Indiana Office of Utility Consumer Counselor and Rep. Cherrish Pryor are both voicing concerns about a potential rate increase proposed by Indianapolis Power & Light that could help fund some of the start-up costs for the BlueIndy electric-car-sharing project.
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Tech firm plans 400 jobs in Kokomo, Carmel

June 30, 2014
 IBJ Staff
Systems in Motion LLC, a California-based technology consulting firm, expects to invest up to $5.4 million to lease, renovate and equip its new digs.
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GOP bucking business priorities on Capitol Hill

June 30, 2014
Associated Press
Traditional ties between the business community and the Republican Party are fraying in Washington, D.C., where the House GOP has bucked corporate interests on a series of priorities this year, from immigration to highway funding to trade.
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Obama taps business exec to oversee troubled VA

June 29, 2014
Associated Press
President Barack Obama plans to nominate former Procter & Gamble executive and Indiana native Robert McDonald as the next Veterans Affairs secretary, as the White House seeks to shore up an agency beset by problems.
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Flurry of new laws set to take effect in Indiana

June 28, 2014
Associated Press
Beginning Tuesday, guns will be allowed in school parking lots, beer and alcohol will be legal for sale at the Indiana State Fair and veterans will have more support from the state as they seek new careers.
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Leaders navigate politics of infrastructure repairs

June 28, 2014
Kathleen McLaughlin
Indianapolis doesn’t have a long-term street paving plan, and as political leaders look to spend at least $300 million more on infrastructure, the city appears more vulnerable than its peers to partisan bickering.
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City quietly scales back World Sports Park

June 28, 2014
Kathleen McLaughlin
Indianapolis is reining in costs and dialing back ambition at the new east-side World Sports Park. The park, which will be home to one of the few premier cricket fields in the United States, is coming in about $1 million under its $6 million budget because it will have fewer features than planned.
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Agency opposes hike for electric carsRestricted Content

June 28, 2014
 IBJ Staff
David Stippler, whose job is to advocate for utility consumers, thinks Mayor Greg Ballard’s quest to have Indianapolis Power & Light customers pay the startup costs for an electric-car-sharing service sets a dangerous precedent.
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East-side associations fight gas-station plan

June 28, 2014
Scott Olson
A property owner’s plans to convert the northwest corner of East 10th Street and Emerson Avenue into a convenience store and gas station are causing consternation among neighborhood leaders who hope to stop the project.
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  1. Looking at the two companies - in spite of their relative size to one another -- Ricker's image is (by all accounts) pretty solid and reputable. Their locations are clean, employees are friendly and the products they offer are reasonably priced. By contrast, BP locations are all over the place and their reputation is poor, especially when you consider this is the same "company" whose disastrous oil spill and their response was nothing short of irresponsible should tell you a lot. The fact you also have people who are experienced in franchising saying their system/strategy is flawed is a good indication that another "spill" has occurred and it's the AM-PM/Ricker's customers/company that are having to deal with it.

  2. Daniel Lilly - Glad to hear about your points and miles. Enjoy Wisconsin and Illinois. You don't care one whit about financial discipline, which is why you will blast the "GOP". Classic liberalism.

  3. Isn't the real reason the terrain? The planners under-estimated the undulating terrain, sink holes, karst features, etc. This portion of the route was flawed from the beginning.

  4. You thought no Indy was bad, how's no fans working out for you? THe IRl No direct competition and still no fans. Hey George Family, spend another billion dollars, that will fix it.

  5. I live downtown Indy and had to be in downtown Chicago for a meeting. In other words, I am the target demographic for this train. It leaves at 6:00-- early but doable. Then I saw it takes 5+ hours. No way. I drove. I'm sure I paid 3 to 5 times as much once you factor in gas, parking, and tolls, but it was reimbursed so not a factor for me. Any business traveler is going to take the option that gets there quickly and reliably... and leisure travelers are going to take the option that has a good schedule and promotional prices (i.e., Megabus). Indy to Chicago is the right distance (too short to fly but takes several hours to drive) that this train could be extremely successful even without subsidies, if they could figure out how to have several frequencies (at least 3x/day) and make the trip in a reasonable amount of time. For those who have never lived on the east coast-- Amtrak is the #1 choice for NY-DC and NY-Boston. They have the Acela service, it runs almost every hour, and it takes you from downtown to downtown. It beats driving and flying hands down. It is too bad that we cannot build something like this in the midwest, at least to connect the bigger cities.

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