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Lids parent plans 'major' jobs announcement

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The Governor's office said it plans to make "a major economic development announcement" Friday morning "regarding hundreds of new jobs for Hoosiers" at the headquarters of Hat World Inc.  in Indianapolis.

The state provided no other details, but said Gov. Mike Pence will attend the announcement.

Hat World is the parent company of Lids Sports Group, which includes Lids retail headwear stores, Lids Clubhouse retail outlets and the Lids Locker Room specialty fan retail chain. Lids operates more than 1,000 stores nationwide.

Officials from Hat World and Tennessee-based parent company Genesco Inc. did not return calls seeking comment Thursday.

Hat World previously made a state-coordinated jobs announcement in June 2010. The company, which had about 300 local employees at the time, said it planned to spend $22 million on an expansion that would create as many as 571 jobs by 2015.

The Indiana Economic Development Corp. offered Hat World up to $4 million in performance-based tax credits based on those job-creation plans.

Lids Sports Group accounted for 30 percent of Genesco’s $2.6 billion in sales in the fiscal year that ended in February 2013.
 

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  1. The deductible is entirely paid by the POWER account. No one ever has to contribute more than $25/month into the POWER account and it is often less. The only cost not paid out of the POWER account is the ER copay ($8-25) for non-emergent use of the ER. And under HIP 2.0, if a member calls the toll-free, 24 hour nurse line, and the nurse tells them to go to the ER, the copay is waived. It's also waived if the member is admitted to the hospital. Honestly, although it is certainly not "free" - I think Indiana has created a decent plan for the currently uninsured. Also consider that if a member obtains preventive care, she can lower her monthly contribution for the next year. Non-profits may pay up to 75% of the contribution on behalf of the member, and the member's employer may pay up to 50% of the contribution.

  2. I wonder if the governor could multi-task and talk to CMS about helping Indiana get our state based exchange going so Hoosiers don't lose subsidy if the court decision holds. One option I've seen is for states to contract with healthcare.gov. Or maybe Indiana isn't really interested in healthcare insurance coverage for Hoosiers.

  3. So, how much did either of YOU contribute? HGH Thank you Mr. Ozdemir for your investments in this city and your contribution to the arts.

  4. So heres brilliant planning for you...build a $30 M sports complex with tax dollars, yet send all the hotel tax revenue to Carmel and Fishers. Westfield will unlikely never see a payback but the hotel "centers" of Carmel and Fishers will get rich. Lousy strategy Andy Cook!

  5. AlanB, this is how it works...A corporate welfare queen makes a tiny contribution to the arts and gets tons of positive media from outlets like the IBJ. In turn, they are more easily to get their 10s of millions of dollars of corporate welfare (ironically from the same people who are against welfare for humans).

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