An economic development initiative around so-called clean technology was formally launched yesterday to further energize renewable energy projects and hybrid vehicle development under way in the state. Energy Systems Network will be another economic development plank under Central Indiana Corporate Partnership, the parent of BioCrossroads, which promotes life sciences; Conexus, which promotes manufacturing and distribution; […]
Old National Bancorp today repurchased all of the $100 million in preferred, non-voting stock it sold to the U.S. Department of Treasury after deciding it did not need federal assistance from the Troubled Asset Relief Program. The Evansville-based bank, which was approved to receive up to $150 million in TARP funds, chose in December to […]
Major stock markets indexes dropped dramatically today after President Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions would be needed from unions, creditors and others before more funding could be approved. Uncertainty about the industry’s fate sent the Dow Jones industrial average falling more than 4 percent before a […]
Lost of late in the turbulent, political waters of the Indiana General Assembly is a necessity lawmakers face – passing a new state budget during a deep recession with a Democrat-controlled House and Republican-ruled Senate. That task has been overshadowed recently by the partisan fight over trying to fix Indiana’s bankrupt unemployment insurance fund, one […]
Most of the critical work of this state legislative session will occur after April 20, because only then will the General
Assembly have a revenue projection for the next biennium.
To support quality of life initiatives and boost economic development, Indiana government and its citizens must develop quality mass transit systems.
Radius Connection, a new national marketing service, wants to offer innovative products within five years to help small-to-midsize businesses grow their revenue and expand their market share.
Columbus Regional Hospital, which was badly damaged by flooding last year, has applied for federal funding toward its $108 million expansion plans. Hospital officials had planned to break ground last fall on construction of a project that included a five-story pavilion, some 60 private patient rooms and an expanded emergency department. Those plans, however, were […]
Legislation that would stiffen Indiana’s animal-cruelty laws and more closely regulate dog-breeding operations commonly known as puppy mills could produce millions of dollars in new tax revenue from unregistered breeders, according to the author of the bill. House Bill 1468, which has broad support from animal-rights groups, could generate tax income from breeders that work […]
Indianapolis’ hard-earned title of amateur sports capital seems to be peeling away like the paint on some of the city’s sports
venues.
The scenario for area art institutions could darken considerably in 2010, 2011 and 2012, as cultural institutions fully account for devastating investment losses in their endowments â?? a key source of income.
The International Violin Competition of Indianapolis has lost a major corporate gift less than two years from curtain time.
Indiana plans to weatherize the homes of more than 30,000 low-income residents with some of its federal stimulus funds by asking nonprofit groups to compete for contracts to handle the upgrades, Gov. Mitch Daniels said yesterday. The bidding process will begin next week for half of Indiana’s $132 million in stimulus energy-conservation funds. Bidding on […]
Once upon a time, Pan Am Plaza was one of the most vibrant gathering spaces in our city. No longer. Awaiting the redevelopment that depends on an economic recovery, it is virtually empty, its bricks and concrete crumbling. Unabated winds blowing through it carry with them the whisper of past glories, when anything in our […]
Cost-cutting and layoffs at the city’s museums and full-time orchestra haven’t brought many visible changes so far. The scenario could darken considerably in 2010, 2011 and 2012, as cultural institutions fully account for devastating investment losses in their endowments-a key source of income. “It’s a bigger problem than what most people think,” said Andy Bawel, […]
Valero Energy will buy seven ethanol plants and a key development site in the Indiana city of Reynolds from VeraSun Energy for $477 million, the largest biofuel buyout ever in terms of production capacity. VeraSun, the country’s second largest ethanol producer, filed for Chapter 11 bankruptcy protection last October. VeraSun suspended construction of a 110-million-gallon-a-year […]
Popular search engine company ChaCha Search said yesterday that it had raised another round of funding — and laid off 25 workers.
So, the economy is taking a toll on ChaCha revenue even while investors continue to believe the…
Valero Energy will buy seven ethanol plants and a key development site in the Indiana city of Reynolds from VeraSun Energy for $477 million, the largest biofuel buyout ever in terms of production capacity. VeraSun, the country’s second largest ethanol producer, filed for Chapter 11 bankruptcy protection last October. VeraSun suspended construction of a […]
The United Way of Central Indiana announced this morning that it plans to cut funding to the agencies it supports by as much as 10 percent in the wake of steep endowment losses. Further, the organization is putting a one-year halt on certifying new agencies to protect existing agencies from further reductions, it said. The […]
The Pike Performing Arts Center is losing both its flagship season series and its director due to budget constraints. The Metropolitan School District of Pike Township cited a lack of funding as its reason to cancel the six-show season, which most recently featured the BodyVox dance troupe in February. The positions held by center director […]
