Economic Development

CIB may accept $27 million state loan after all

November 9, 2009
Scott Olson
The Indianapolis Capital Improvement Board likely will accept a state loan providing $27 million over three years to help shore up its fragile financial situation.
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Military firm could create 500 jobs at former chemical site

November 5, 2009
 IBJ Staff and Associated Press
Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than $1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs.
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Harley-Davidson eliminates Indiana from relocation list

November 4, 2009
 IBJ Staff and Associated Press
Harley-Davidson has announced that a Kentucky location is the only one it will consider if it decides to relocate its York, Pa., motorcycle plant, eliminating a site south of Indianapolis from contention.
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Grill maker to locate HQ in Indiana, hire 300

October 28, 2009
 IBJ Staff
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
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New IT firm to create 400 jobs in Kokomo

October 28, 2009
 IBJ Staff
Zuna Infotech will locate in Kokomo's Inventrek Technology Park, a high-tech business incubator and state-certified technology park.
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Indy Chamber of Commerce endorses smoking ban

October 26, 2009
Cory Schouten
The Indianapolis Chamber of Commerce is throwing its weight behind a tougher workplace smoking ban up for consideration tonight by the City-County Council.
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German company to buy Eli Lilly's Lafayette plantRestricted Content

October 17, 2009
J.K. Wall
Eli Lilly and Co. will sell its manufacturing plant in Lafayette to a German company in its first major move toward reducing its work force by 5,500 employees and cutting its operating expenses by $1 billion.
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Business incubation expert teaches best practices in Asia

October 17, 2009
 IBJ Staff
When he oversaw Indiana University’s Advanced Research and Technology Corp., the school’s business incubation and technology transfer program, Mark Long helped dozens of local startups get off the ground. Now, as head of his own business incubation consultancy, Long is making a name for himself overseas.
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HICKS: Flu season offers prelude to health care reformRestricted Content

October 17, 2009
Mike Hicks
This flu season looks to provide us an inkling of the real dangers inherent in large-scale health care reform, most especially a full-blown national health care option.
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Study: Taxing services could yield state $6.8B

October 12, 2009
Peter Schnitzler
The non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding the state's sales tax to include services.
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IT consultant up for tax abatement

October 6, 2009
Cory Schoute
A city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
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Indy Partnership's Web site, newsletter recognized

October 6, 2009
Indy Partnership has been chosen to receive three Excellence in Economic Development Awards today at the International Economic Development Council's annual conference in Reno, Nev.
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Logistics firm expanding headquarters in Greenwood

October 6, 2009
Greenwood-based Avram Worldwide said today that it will expand its headquarters and distribution operations in the city, and plans to create 78 jobs by 2013.
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Local Better Business Bureau names new leader

September 28, 2009
William J. Thomas has been named president of the Better Business Bureau of Central Indiana, the organization announced Monday.
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Renewable-energy firm eyeing Tipton County plant

September 28, 2009
A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were to be built for Chrysler automobiles, according to the Kokomo Tribune.
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Carmel company plans to expand, add employees

September 28, 2009
Dealer Services Corp. announced Monday morning that it plans to create up to 60 jobs by the end of 2012 and invest $6.4 million in its Carmel headquarters.
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Pennsylvania city not giving up Harley without a fightRestricted Content

September 26, 2009
Kathleen McLaughlin
The motorcycle manufacturer is considering a Shelby County site at the same time that it's pushing for concessions from the union in York, Pa.
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Entrepreneur hopes real estate venture will rebuild neighborhoods, fund charitiesRestricted Content

September 26, 2009
Kathleen McLaughlin
David Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.
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HICKS: Stimulus job creation has been surprisingly small

September 26, 2009
Mike Hicks
Earlier this month, the Obama administration released its estimate of the impact of the fiscal stimulus on job creation.
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Indiana improves in business tax ranking

September 25, 2009
 IBJ Staff
Indiana is becoming more business-friendly, according to the latest national ranking from the Tax Foundation, which moved the state up two places to 12th.
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Indy Partnership eyes more jobs from Germany

September 23, 2009
Scott Olson
An Indy Partnership official departed for Germany yesterday on a trade mission promoting economic development opportunities in the 10-county Indianapolis area.
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Indianapolis Economic Development Inc. boasts job-creation success

September 19, 2009
 IBJ Staff
In the worst recession since the Great Depression, it must be difficult to broker business expansions. But IEDI's making no excuses for the city’s job creation and retention figures. In fact, it's touting them.
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State's jobless rate dips, but decline could be temporary

September 18, 2009
 IBJ Staff
Indiana's unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce Development said this morning, but the decline could just be a blip.
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Commission OKs Ameriplex, Rexnord tax abatements

September 16, 2009
Scott Olson
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for a mammoth development known as World Connect at AmeriPlex.
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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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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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