General Motors’ plant in Fort Wayne is in the running for a proposed $46 million expansion even as the automaker closes plants as part of its reorganization under federal bankruptcy laws. GM is seeking a 10-year tax break on $27 million in equipment needed for the expansion, which would “furnish and install machinery, equipment and […]
The owners of one of Indiana’s most successful riverboat casinos are preparing to replace it with a new $335 million boat that’s the size of two football fields. The new Hollywood casino in Lawrenceburg won’t just replace the 13-year-old Argosy casino when it opens June 29 – it will also raise the stakes in a […]
A state school for troubled and needy youth would have to be reopened under legislation endorsed by an Indiana House Committee. Gov. Mitch Daniels’ administration closed the Soldiers’ and Sailors’ Children’s Home east of Indianapolis late last month, in part because of costs. The administration plans to convert the school to a National Guard military […]
Republican Gov. Mitch Daniels’ budget proposal includes a scholarship tax credit that supporters say would give poor students the opportunity to attend private schools, but opponents say would open the door to vouchers. Daniels’ budget proposal includes a 50-percent tax credit for donations to a not-for-profit scholarship-granting organization that helps students from low-income families attend […]
Elkhart-based Coachmen Industries Inc., no longer part of the slumping recreational vehicle industry, could start hiring soon as part of a $3.5 million expansion that it expects to create more than 200 jobs in northern Indiana. The Elkhart County Council has approved $135,661 in local property-tax abatements over 10 years on the company’s promise to […]
Normal 0 false false false MicrosoftInternetExplorer4 Democrats who control the Indiana House are prepared to consider changes to their proposed one-year state budget proposal. The House Ways and Means Committee planned to consider amendments to the bill today, and then possibly vote to send the measure to the full House for consideration. The one-year plan […]
Democrats in the Indiana House have revived the idea of creating an Indiana bridge authority that would negotiate with Kentucky for major Ohio River bridge projects linking the two states. Democrats included language creating the bridge authority in their one-year spending plan introduced Thursday that’s being considered in the General Assembly’s special session. Gov. Mitch […]
Rose-Hulman Institute of Technology in Terre Haute has named 1979 alum Matt Branam as interim president. Branam has been a vice president at UPS and chief operating officer at the American Red Cross under Elizabeth Dole. Gerald Jakubowski is leaving as president of the engineering school in Terre Haute to become provost of the California […]
The city of Fort Wayne is planning another attempt to have a referendum on gambling approved during the special session of the Indiana Legislature, which begins today. Mayor Tom Henry, whose earlier request was ignored during the regular session, says he’ll travel to Indianapolis to personally push for a referendum to see if voters want […]
Indiana Treasurer Richard Mourdock’s failed quest to stop Chrysler’s bankruptcy proceedings will cost state taxpayers $2 million in legal fees, but he has no regrets about what some saw as a Quixotic effort. That sum is on top of the $5.6 million a road construction fund and pension funds for retired teachers and state troopers […]
Indiana lawmakers will convene for a special, budget-writing legislative session today that stands to cost taxpayers at least $12,000 a day in a state that has seen its revenue plunge in the past year. The decisions they ponder will involve how billions of taxpayer dollars are to be spent, but there are few signs that […]
Advisers to the Food and Drug Administration said yesterday that three blockbuster psychiatric drugs appear safe and effective for children and adolescents, despite side effects that can increase the risk of diabetes. The FDA’s panel of psychiatric experts voted to approve the use of drugs from AstraZeneca, Eli Lilly and Pfizer for treating schizophrenia and […]
Three African-American families have filed a civil rights lawsuit accusing children’s restaurant Chuck E. Cheese’s and a former Indianapolis store manager of mistreating them because they are black. The lawsuit filed this week in U.S. District Court alleges Ken McGill, who was a manager at two different stores, refused to serve them, treated them rudely […]
Indiana will receive more than $21 million in additional funds for job training and other services to workers who lose employment due to outsourcing and foreign trade, the U.S. Labor Department said today. Only four states – Michigan, Pennsylvania, California and North Carolina – are receiving more money than Indiana. The funds are part of […]
Italy’s Fiat is the new owner of the bulk of Chrysler’s assets, closing a deal today that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat’s CEO.The deal clears the way for a new, leaner Chrysler Group LLC to emerge from bankruptcy protection minus billions in debt, […]
Kentucky’s horse-racing industry would get a stimulus package of its own under Gov. Steve Beshear’s proposal to allow video gambling in the state, with the bulk of the proceeds going to the tracks. The Kentucky Lottery Corp. would oversee video slot machines to be allowed exclusively at race tracks in the state under the plan […]
Indiana House Democrats plan to offer a one-year state budget they say would give public schools a statewide average spending increase of 2 percent and guarantee that all districts get as much or more money in the next year as they got this year. Normal 0 false false false MicrosoftInternetExplorer4 “We want to make sure […]
Preparations for the 2012 Super Bowl are apparently immune from the economic problems dogging Indianapolis these days. NFL vice president Frank Supovitz told city and business leaders yesterday that the city has exceeded other host sites in terms of financing and prep work. “When Indianapolis came in to present itself for the Super Bowl, all […]
The Supreme Court on Tuesday cleared the way for Chrysler’s partnership with Italy’s Fiat, rejecting an appeal by a trio of Indiana pension and contruction funds, consumer groups and others to block the automaker’s sale. The sale of Chrysler LLC’s assets to Fiat Group SpA had been expected to close more than a week ago, […]
The state’s largest teachers union plans to lay off dozens of employees in the wake of a financial crisis that spurred investigations of its troubled insurance trust. Union officials representing two groups of workers at the Indiana State Teachers Association say at least 35 people will lose their jobs after 60 days notice. A third […]
