Government & Economic Development

Greenwood sues bank to collect $917,000 letter of credit

May 18, 2012
J.K. Wall
The City of Greenwood says a Minnesota bank owes it more than $900,000 to pay for street and sewer improvements left undone by the bankrupt developer of a mobile home park along U.S. 31.
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Chamber to merge with economic development groups

May 17, 2012
Kathleen McLaughlin
The Greater Indianapolis Chamber of Commerce will lead economic development efforts for central Indiana by merging with Develop Indy, Indy Partnership and Business Ownership Initiative, the groups announced Thursday.
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Indiana issues call for external audit of tax agency

May 17, 2012
Associated Press
Indiana budget leaders are looking for an external auditor to review the state Department of Revenue after workers discovered $526 million in errors in recent months.
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Cummins hires ex-Indianapolis mayoral candidate

May 16, 2012
Melina Kennedy has joined the diesel engine maker's corporate communications team and will be responsible for executive communications, research and speechwriting for CEO Tom Linebarger.
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Subaru to add 100 jobs as part of $75 million expansion

May 16, 2012
 IBJ Staff
Subaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will ramp up production from nearly 171,000 cars a year to at least 180,000.
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Unemployment tax repayment causes confusion

May 15, 2012
Associated Press
Indiana's plan to balance an unemployment insurance fund hit hard during the recession might have caused businesses to pay more than they owed, although no one seems to know how many companies were involved or the level of impact it had on them.
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Companies seek solar-panel lease contracts from city

May 14, 2012
Scott Olson
The City-County Council is set to hear a proposal by two companies to lease space on city-owned rooftops and sell electricity generated by solar panels installed in those spots.
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Indiana governor hopefuls detail ideas for job growth

May 12, 2012
Associated Press
Republican Mike Pence, Democrat John Gregg and Libertarian Rupert Boneham each say job creation would be "job one" if elected governor. But their means to reaching employment goals vary from dispatching missionary-style investment gurus, to growing more hemp and bamboo, to increasing wind-turbine manufacturing in the state.
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OBEIME: Poor, uninsured won't monopolize resourcesRestricted Content

May 12, 2012
Myth prevents policymakers from attacking real problem of distributing funding.
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City aims to attract additional sponsorsRestricted Content

May 12, 2012
Kathleen McLaughlin
Third Street Partners, a marketing firm that hoped to land half a million dollars in corporate sponsorships for the city of Indianapolis, has received a four-year contract extension to bring home red meat.
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Local automotive supplier in line for new city incentive

May 11, 2012
Scott Olson
A shorter-than-usual abatement plan during which no property taxes are paid for three years is expected to help Van's Electrical Systems invest $427,000 to purchase and rehab a vacant building on the city's west side.
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Alabama firm that irked suppliers promises to add 350 jobs

May 11, 2012
J.K. Wall
Advanced Metal Technologies of Indiana Inc., an auto and industrial parts maker owned by the Alabama-based Whitesell Group, said it will locate its operations in Jeffersonville and add 350 jobs by 2015.
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Indianapolis margarine plant planning $44 million upgrade

May 11, 2012
 IBJ Staff
ConAgra Packaged Foods LLC is seeking city tax incentives as part of a $44 million plan to upgrade its plant on the northwest side of Indianapolis and retain 392 workers.
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Abound Solar chief declines to testify before House panel

May 10, 2012
 IBJ Staff and Bloomberg News
The CEO of a company that once said it planned to create up to 1,200 jobs north of Indianapolis has declined to testify before a U.S. House panel investigating the federal clean-energy program.
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Fast-growing One Click lands $1M state incentive deal

May 10, 2012
Cory Schouten
A Greenwood e-commerce company could collect $1 million in state tax credits and training grants if it succeeds in hiring 109 new employees over the next five years.
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Lugar's legacy in Senate: Cooperation and security

May 9, 2012
Associated Press
Colleagues considered six-term Sen. Richard Lugar a visionary who looked beyond U.S. exuberance over the end of the Cold War and saw the dangers and opportunities in the collapse of a nuclear-armed Soviet Union.
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Lugar's frustration surfaces after Indiana defeat

May 9, 2012
Associated Press
Conceding defeat for the first time in nearly four decades, U.S. Sen. Richard Lugar pledged to support the tea party-backed rival who had just ousted him. But hours later, the Indiana Republican issued a statement chastising primary winner Richard Mourdock.
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Carson, May to meet in 7th District congressional race

May 8, 2012
Associated Press
Rep. Andre Carson easily defeated three Democratic challengers in Tuesday's primary to win his party's nomination in central Indiana's 7th District. He will face Carlos May, a former aide to Indianapolis Mayor Greg Ballard.
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Brooks wins GOP nod for retiring Burton's seat

May 8, 2012
Associated Press
Former U.S. Attorney Susan Brooks has won the Republican nomination for the 5th congressional district seat in central Indiana that retiring GOP Rep. Dan Burton is giving up after 30 years.
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Lugar loses Indiana GOP primary to tea party rival

May 8, 2012
Associated Press
U.S. Sen. Richard Lugar was ousted Tuesday by tea party-backed challenger Richard Mourdock in Indiana's Republican primary, abruptly ending the nearly four-decade career of a popular politician who built a reputation as a diplomat but whose critics argued had ceded too much ideological ground to represent a conservative state.
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GOP looking to pad majority in Indiana House

May 8, 2012
Associated Press
Republicans are hoping new election districts they drew last year and a wave of Democratic retirements help them strengthen their control of the Indiana Legislature. Voters in Tuesday's primary are selecting Republican and Democratic nominees for all 100 Indiana House seats and half of the 50 state Senate seats.
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Mourdock says he expects to win GOP Senate bid

May 8, 2012
Associated Press
State treasurer Richard Mourdock said Tuesday morning that he's "reasonably optimistic" he'll defeat six-term incumbent Sen. Richard Lugar in Indiana's Republican primary.
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Indiana early voting down despite Lugar-Mourdock race

May 7, 2012
Associated Press
Early voting has wrapped up ahead of Indiana's primary, with the Republican Senate race between Richard Lugar and Richard Mourdock not grabbing voter interest like the Democratic presidential primary did four years ago.
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Zionsville voters face lone area school-funding referendum

May 7, 2012
Scott Olson
Zionsville's school district is asking taxpayers to address a $2.5 million budget shortfall. Meanwhile, in Johnson County, voters will consider whether to help finance a $30 million project that includes the construction of a 70,000-square-foot library.
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Indiana high court expected to remain business-friendlyRestricted Content

May 5, 2012
Scott Olson
A spate of turnover on the Indiana Supreme Court won't bring a change in the court's reputation for consensus-building and consistency, court watchers say.
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  1. The Walgreens did not get a lot of traffic. It was not located on the corner of the intersection, and not really visible from Emerson. Meanwhile the CVS there is huge and right on the corner. I am guessing a lot of people drove by a million times and never knew the Walgreens was there. Although, with the new Walmart market going in, that area could really see a lot of increase in traffic soon.

  2. You folks don't have a clue. There is a legal way to enter this country and to get aid. This left unchecked could run us to ruin quickly. I also heard that 'supporters' were getting major $$ to take them in? Who's monitoring this and guess who pays the bill? I support charitable organizations... but this is NOT the way to do it!

  3. Apparently at some time before alcohol has been served at the fair. The problem is that beer or wine used to be a common drink for people before soft drinks and was not thought to be that unusual. Since many folks now only drink to see how much they can drink or what kind of condition they can end up in it becomes more problematic. Go to Europe and its no big deal just as if you had sodas of milk to drink everyday. Its using common sense that is lacking now days.

  4. To address the epic failure of attracting race fans to both the Indy 500 and Brickyard 400 would take too much of my time to write. Bottom line Boles is clueless and obviously totally out of touch with the real paying fan base. I see nothing but death spin coming for the Brickyard, just like Indy. Get somebody in a place of power that understands what race fans want.

  5. I am a race fan through & through. It doesn't matter if it's Indy cars or Nascar. I love a great race. I go to several other tracks each year and you can see the entire track. I know Indy has tradition, but fans want to see the entire race. I sit in the Penthouse, am almost 60 years old, and would like to see a better TV screen in turn 1 so you can see the entire race. Then I think Indy needs to install an escalator so us old folks can make it up to the Penthouse and down again if we want more options to purchase food and drinks. Just a race fans opinion. Lights won't make the race any better, but you might be able to see the TV better at night. Turn 1's screen needs replaced with a better and bigger screen.

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