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1,285 results for 'abatement'

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Articles

Company news

January 23, 2012

Subah Packer, a physiology professor at the Indiana University School of Medicine, filed a scathing gender discrimination lawsuit in federal court in Indianapolis this month, accusing the school of paying her less than what male counterparts with less experience earn, even after she attained tenure at the academic medical center. Packer, 57, wants IU to compensate her for loss of past and future income, and pay her attorney's fees. She has worked for IU since 1986 and has been a tenured associate professor of clinical and integrative physiology since 2001. Since then, Packer alleges, her department has hired five less-experienced professors, all male, and paid four of them substantially more than Packer. Her complaint lists her salary as $74,600, compared with starting salaries of roughly $92,000 for three of the newer hires, as well as $82,000 and $72,000 for the other two. Packer also alleges that her salary is below the median of the Physiology Department, which includes 19 full-time professors, even though her teaching load was greater and she had less lab space for conducting research. Mary Hardin, a spokeswoman for the IU medical school, said the school would not comment on the lawsuit. Packer could not be reached for comment.

The city of Indianapolis rescinded a tax abatement last week given in 2007 to Polymer Technology Systems Inc., a small locally based maker of handheld blood monitors. PTS, founded in 1992 by a former Roche Diagnostics Corp. employee, said it would make a $3 million investment at its operation on Zionsville Road and create 110 jobs by 2010, but fell short of its goal. The company has made $2.1 million in investments and currently has only about 70 employees, less than the 80 it had when it received the abatement four years ago, according to the city. PTS chose to terminate the deal rather than renegotiate with the city. PTS makes CardioChek, a handheld meter that measures levels of cholesterol, glucose, triglycerides and other key health indicators from a drop of blood.

Researchers at Indiana State University discovered a new compound that could help boost patients' immune systems without causing unwanted side effects. Biology professor Swapan Ghosh and a team of chemistry professors and graduate students have now patented their chemically modified version of phytol, which is a component of the chlorophyll found in vegetables. Terre Haute-based Indiana State will market the compound to drug companies, which might want to pair it with a drug or vaccine in order to boost effectiveness in patients. Many drugs and vaccines rely on adjuvants like the one Ghosh’s team discovered, but they often have side effects. One of the most widely used adjuvants, alum, has recently come under attack as a possible cause for brain disorders.

City set to cancel tax abatement for medical device firm

January 18, 2012

Polymer Technology Systems said in 2007 that it would make a $3 million investment at its operation on Zionsville Road and create 110 jobs.

HENDERSON: Don’t choose between online tax and estate tax

January 12, 2012

I’ve yet to see an Amazon sign at a Little League playing field, or sponsoring the Girl Scouts.

Drugmaker plans 234 Terre Haute jobs by 2016

January 11, 2012

A California-based pharmaceutical company says it expects to hire 234 people by 2016 at a new operation on the site of a former Pfizer Inc. drug plant near Terre Haute.

Boone County officials ‘surprised’ by ASI closing

January 5, 2012

ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer’s high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.

Flanner and Buchanan parent plans $2.3M Scottsburg expansion

January 5, 2012

The Indianapolis-based funeral services company said it will hire up to 24 workers in production, delivery and installation.

City signs off on Celadon tax abatements

January 4, 2012

The abatements will help the company build a $3.4 million, 36,000-square-foot office building at its far-east-side headquarters. Celadon also plans to add 100 jobs.

Marketing firm plans downtown expansion, move

December 29, 2011

Indianapolis-based marketing firm TrendyMinds plans to more than double its staff in the next two years, adding up to 20 jobs as it moves into a former labor union hall downtown.

Northern Indiana RV maker to add up to 250 jobs

December 28, 2011

The company plans to invest $3.9 million to buy land and construct a 93,000-square-foot facility adjacent to its existing 45-acre campus in the town of Topeka.

Rolls-Royce relocates 2,500 jobs to downtown

December 22, 2011

The aircraft-engine maker will occupy Eli Lilly and Co.’s former Faris Campus on South Meridian Street, which is being renamed the Rolls-Royce Meridian Center.

Turkey processor to hire up to 600 for new Vincennes plant

December 22, 2011

Huntingburg-based Farbest Foods Inc. said it will invest $69 million to build a 220,000-square-foot facility.

LADWIG: Indiana run ‘like a business’? Not quite

December 21, 2011

Every time this man applied that advice to his particular corner of government, “All hell broke loose.”

Rolls-Royce employees begin move to downtown campus

December 20, 2011

Rolls-Royce Corp. began moving employees to its new downtown office building on Monday—a shift an IUPUI analyst projected could generate $510 million in annual economic activity.

Celadon plans expansion, $3.4M office building

December 16, 2011

Celadon Group Inc. is seeking tax abatements from the city to build a $3.4 million office building at its far-east-side headquarters. The local trucking firm plans to hire 100 more employees by 2016.

Developer plans 26-story tower along canal

December 8, 2011

Valparaiso-based Investment Property Advisors wants to build an $83 million apartment project for college students on one of the last available parcels along downtown’s Central Canal.

City calls off Haverstick, Redcats tax incentives

December 8, 2011

Two Indianapolis companies that received tax-abatement agreements from the city in 2007 have had the incentives canceled for failing to meet investment and employment goals.

WINSTON: Goodnight’s city is where we wanna go

December 7, 2011

Goodnight combines the attributes of Obama and Vice President Biden.

Carmel also likely competing for CME Group

December 5, 2011

A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.

Rolls-Royce tax-incentives deal set for hearing

December 5, 2011

A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown’s Faris campus is scheduled for an initial hearing Wednesday.

2011 CFO OF THE YEAR: Mike Reffeitt

December 2, 2011

Mike Reffeitt, CFO at BioStorage Technologies Inc., is the top honoree in the private companies (revenue $100 million or less) category.

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