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.
Carmel is set to receive $15.4 million in previously withheld Local Option Income Tax revenue from the state. The suburb is considering a strategy that will let it comply with state requirements for the special funding while still using it leverage more debt.
Earlier this year, the Hamilton County Commissioners put the project at the top of their priority list for capital expenses, but several members of the Hamilton County Council were hesitant to support a $12 million expansion.
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.