Publicly traded Determine Inc. generated fanfare when it announced it was moving its headquarters here and adding 24 jobs to the 35 already here. But many investors have been betting against it for years.
While Indianapolis pursues major sporting events and massive conventions—gatherings that attract tens of thousands of people and score tens of millions of dollars in economic impact—many neighboring counties are chasing small and midsize corporate confabs, weddings and senior-citizen bus tours.
On the same night the Fishers City Council gave itself a 58 percent pay hike, members unanimously voted to charge residents and businesses a new tax for every registered vehicle they own starting in 2018.
Carmel Mayor Jim Brainard told Carmel City Council members during budget hearings last week that BlueIndy had received permission from its parent company, Bollore Group, to scout sites throughout the city.