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Plan to cut business-equipment tax draws debate

Indiana House lawmakers took up a Senate proposal to cut business taxes on Monday, as fiscal leaders continued working behind the scenes to craft a compromise package of cuts this legislative session.

Election battles brewing in GOP-heavy Hamilton County

Fishers’ upcoming city election is generating most of the buzz in the circles I navigate north of 96th Street, but voters throughout Hamilton County have decisions to make at the polls this year. What races are you paying the most attention to this year?

Generous employer benefits now hurt some workers

Ever since World War 2, when employers started using health benefits to compete for workers, the less employees had to pay toward health insurance premiums the more attractive the benefits. But under Obamacare, this axiom will not always be true.

Company news

Carmel-based Mainstreet Property Group will open 24 more health care facilities for Hoosier seniors during this year and the next two years. Those facilities, in total, would create 3,000 permanent jobs for Hoosiers–if they’re allowed to be built. The Indiana General Assembly is mulling a five-year moratorium on the construction of skilled nursing facilities, which if passed would prevent Mainstreet from building any new facilities not already begun by June 30. That legislation, known as Senate Bill 173, has passed the Indiana Senate and now awaits a hearing in the Indiana House. Zeke Turner, CEO of Mainstreet, said that if Indiana enacts a construction moratorium, Mainstreet will simply build more facilities in other states. The company has existing facilities in eight states and is working to expand in six more. Mainstreet alarmed older nursing home companies by developing 10 new facilities in the past five years—and breaking an unwritten rule of the industry by building in competitors’ back yards. That prompted the Indiana Health Care Association and other long-term-care groups to call for a ban on new construction.

Purdue Research Foundation and Bloomington-based medical-device maker Cook Medical have created a $12 million fund intended to help life-science businesses with connections to Purdue University. The Foundry Investment Fund will try to work with other investors to provide funding for companies that use Purdue-licensed technology or Purdue’s expertise in human and animal health and plant sciences. It typically would provide a match to outside investors’ funds. Outside investors could include venture capital firms, corporations, angel funding groups, or qualified individuals.

Indiana University Health announced a deal with UnitedHealthcare on Feb. 6, ending a contract dispute that had pushed IU Health doctors and hospitals out of the health insurance company’s discounted network Jan. 1. The two-year agreement gives UnitedHealthcare discounted rates retroactive to Jan. 1. Such discounts, which insurers negotiate with hospital systems, reduce prices 30 percent or more. The dispute between Indianapolis-based IU Health and Minnesota-based UnitedHealthcare dates to 2012, when the sides could not agree on a new long-term contract. They instead extended their previous agreement by one year, to Dec. 31, 2013, but then could not come to terms before the end of the year.

Kite’s stock jumps following $1.2B acquisition

Kite Realty Group Trust’s pending purchase of an Oak Brook, Ill.-based rival would nearly double the company’s portfolio of shopping centers. It also would give the local firm a foothold in many new, highly desirable markets.

Visit Indy to map city’s strategy for tourism

The $178,000 study will answer key questions about how the city can better connect its highlights, attract and please business and leisure travelers, and hook up with corporate partners.

People

Indianapolis-based Healthx, which provides information technology services for health insurers and third-party administrators, named Mark Manning its CEO. He was previously head of the health care business unit at Massachusetts-based Pegasystems Inc. Before that, Manning held leadership roles at Solucient LLC, The Codman Research Group and Blue Cross Blue Shield of Massachusetts. Manning holds a master’s degree in business administration-healthcare administration from the University of Massachusetts and an undergraduate degree in engineering, mathematics and business administration from the University of Vermont.

Fishers city election draws political vets, but not Faultless

Fishers residents elect their first mayor this year, and six Republicans are vying to lead the fast-growing suburb. One noticeable absence on the list of candidates: Town Council veteran Scott Faultless, who is not seeking any office.

You-review-it Monday

Martha Graham Dance Company? Indianapolis Symphony Orchestra? “The Lego Movie”? What did you hear, see or do on the A&E front this weekend?

Welfare drug screening bill divides lawmakers

Welfare abuse is driving an Indiana effort to require recipients to be screened for the likelihood of addiction and limit food stamps to the purchase of only “nutritional foods.”

With supplies low, it’s overtime in road salt mines

The national supply of road salt is running low. New York has declared a state of emergency, while Indiana, Wisconsin, Illinois, Pennsylvania, and other states have disclosed their difficulties in covering streets and sidewalks amid a long-running cold snap.