News & Analysis

Lilly discovers social media

September 22, 2010
J.K. Wall
Eli Lilly and Co. launched its own blog this month, dubbed LillyPad, to try to start discussions about public policy and corporate social responsibility. The Indianapolis-based drugmaker also launched an accompanying Twitter feed.
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Turner gets digital rights to NCAA championships

September 21, 2010
Associated Press
The deal includes management of NCAA.com, the primary web site for all 88 NCAA tournaments and other services.
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Indiana welfare chief says hybrid system succeeding

September 21, 2010
Associated Press
The secretary of the Indiana Family and Social Services Administration said error rates are down and the percentage of new applications for food stamps, Medicaid and other benefits on backlog has fallen by 83 percent in two two regions.
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Indiana corn coming in sooner, faster, better in 2010

September 21, 2010
Associated Press
The Indiana Agricultural Statistics Service says farmers harvested 27 percent of their corn by Sunday, compared with none by this time last year and an average of 6 percent over the past five years.
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WellPoint gets $87M Medicare contract renewal

September 21, 2010
Associated Press
The company said the Centers for Medicare & Medicaid Services renewed its durable medical equipment administrative contract for a region that covers Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio and Wisconsin.
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Indianapolis schools continue big enrollment drop

September 21, 2010
Associated Press
Indianapolis Public Schools lost more than 900 students from last school year, putting it within 800 students of falling behind Fort Wayne's school district as the state's largest.
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Proposed city parking deal would bring 200 jobs

September 21, 2010
Francesca Jarosz
A proposal to lease the city’s parking meters for 50 years would require the vendor to bring 200 jobs to Indianapolis for at least seven years. The salaries and benefits would range from $16,000 to $95,000 a year.
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TechPoint unveiling ‘measured marketing’ campaign

September 21, 2010
Scott Olson
The initiative will promote the advantages of doing business in Indiana to attract more "measured marketers." They are companies such as ExactTarget and Aprimo Inc. that provide a platform for marketing via e-mail, social media and other technologies.
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Indiana’s unemployment rate remains flat

September 21, 2010
The state's jobless rate in August remained unchanged from the previous month's figure of 10.2 percent. The loss of seasonal government and manufacturing jobs offset the addition of 3,000 private-sector jobs.
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Structural shakeup means changes at EnerDel

September 21, 2010
Kathleen McLaughlin
Ener1 Inc., the parent company of local advanced-battery maker EnerDel, has reorganized its corporate structure and shuffled management ranks.
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Hoosier Lottery moving to Meridian Street building

September 21, 2010
Tom Harton
The lottery will move in January to the Buick, a 60,000-square-foot building at 13th and Meridian streets owned by principals of Shiel Sexton Construction.
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Home construction jumps nationally

September 21, 2010
Associated Press
Housing starts are up 25 percent from their bottom in April 2009. But they remain 74 percent below their peak in January 2006.
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Angie's List snags $22.5 million investment

September 20, 2010
The Indianapolis-based consumer review and rating service said it will use the investment to expand its health and wellness consumer review product, as well as its coupon program, "The Big Deal."
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ChaCha may drop T-Mobile over planned fee

September 20, 2010
Scott Olson
Wireless carrier plans to begin charging a new one-quarter of 1 cent fee on text messages. In response, ChaCha CEO Scott Jones says his company will drop the wireless carrier from its answer service.
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Harding Dahm drops Grubb & Ellis, strikes merger deal

September 20, 2010
 IBJ Staff
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages,  will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
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Subaru of Indiana adds to permanent work force

September 20, 2010
Kathleen McLaughlin
Subaru expects higher production volumes at its Lafayette plant to last well into the future and it is converting 100 temporary positions to permanent status.
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Indianapolis lands large environmental trade show

September 20, 2010
The Pump & Cleaner Environmental Expo will be held in Indianapolis each year in February from 2012 to 2014. It is expected to attract more than 12,000 visitors annually and generate an estimated $24 million in spending over the three-year stretch.
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Republic Airways CEO going 'Undercover'

September 20, 2010
 IBJ Staff
Bryan Bedford, CEO, president and chairman of Indianapolis-based Republic Airways, will appear in an episode of "Undercover Boss" this season, CBS-TV announced.
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Incoming NCAA chief already making major changes

September 18, 2010
Anthony Schoettle
Mark Emmert, who takes over the NCAA next month, already has removed three high-level executives, met with NBA Commissioner David Stern about changing basketball eligibility rules, and sent signals he will take a hard line against cheating.
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City's parking deal similar to much-maligned Chicago pact

September 18, 2010
Francesca Jarosz
Officials promoting a 50-year lease of Indianapolis' parking meters have taken pains to point out the differences between their proposal and a controversial 75-year parking meter lease in Chicago. But a close look at both contracts shows Indianapolis' pact largely uses the Chicago template.
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Debating where to turn as Bush tax cuts near expiration

September 18, 2010
Scott Olson
With a deadline looming, supporters and detractors debate extending tax cuts signed by former president George W. Bush.
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Owners enjoy Melody Inn's niche as well-worn music venue

September 18, 2010
Marc D. Allan
Since Melody Inn owners Dave Brown and Rob Ondrish bought the 38th and Illinois streets mainstay in 2001, they figure more than 7,000 bands have played on the 18-inch-high stage tucked just inside their front door.
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Business school expands investment theme for studentsRestricted Content

September 18, 2010
Norm Heikens
Grant will give Indiana University undergrads a shot at managing real money.
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IU hits license jackpot; Purdue royalties surgeRestricted Content

September 18, 2010
Chris O'Malley
Indiana University had a license or two to print money from the commercialization of its technology over the last year—and did it ever. While Purdue University didn’t collect as much in royalties from commercialization, it pulled down record levels of research grants.
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IPL identifies locations for electric car charging stationsRestricted Content

September 18, 2010
Chris O'Malley
The utility plans an aggressive rollout of charging stations with the imminent arrival of electric cars, such as the Nissan Leaf, due in showrooms this December.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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