Indiana and Purdue universities are well-positioned to take advantage of the $11.5 billion available for life sciences and
biotech research from the federal stimulus package.
The Indiana General Assembly session will end with a focus on what has dominated discussion since Organization Day back in November: fiscal issues.
The Marion County Capital Improvement Board’s bailout depends on the success of Indianapolis’ new downtown JW Marriott convention hotel.
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
Sen. Luke Kenley’s CIB bailout plan counts on the Indianapolis Colts to keep up their sellout streak, and assumes the Indiana Pacers and Indianapolis Indians will maintain at least their current popularity.
The pressure on Indianapolis’ new downtown JW Marriott convention hotel to perform-despite the recession-is about to increase exponentially. The Marion County Capital Improvement Board’s bailout depends on it. CIB, which manages the city’s professional sports stadiums and its convention center, needs to close a $47.4 million annual budget deficit. On April 2, the Indiana Senate’s […]
Taking a sledge hammer to a car might seem like an illogical way to protest a tax hike on tobacco. But it sure feels good, especially to people who are stuck inside the economic pressure cooker that is Connersville. So on April 1, the day a 158-percent increase in the federal cigarette tax took effect, […]
For more on the role a new downtown hotel will play in CIB’s rescue plan, see Peter Schnitzler’s story in this weekend’s IBJ. The Indianapolis Capital Improvement Board’s finance committee yesterday afternoon recommended slashing an additional $1.1 million from the organization’s budget in an ongoing quest to eliminate an expected $47 million shortfall. The CIB’s […]
A top state senator said yesterday he would likely drop his proposal to double Indiana’s alcohol tax statewide to help fund the agency that runs the major Indianapolis sports stadiums and the Indiana Convention Center. Senate Appropriations Chairman Luke Kenley (R-Noblesville) told The Associated Press that he was probably going to amend his proposal next […]
Eli Lilly and Co. has sold the rights to sell the diabetes drug Actos in seven countries to Takeda Pharmaceutical Co., Asia’s biggest drugmaker, Bloomberg News reported this morning. Takeda will sell Actos in Canada, Belgium, Denmark, Norway, Sweden and Turkey, a company spokesman told Bloomberg yesterday. Terms of the deal were not disclosed. Takeda […]
A new government subsidy that helps the unemployed keep health insurance has left recession-weary employers nervous about the financial hit they may take if more people stay covered under their plans. Though the subsidy covers most of the premium, many employers are still worried they’ll be left holding the bag on costs, according to a […]
Leading local arts backers Jane Fortune and Robert Hesse are the driving forces behind Indianapolis City Ballet, a new professional dance company, IBJ learned this morning. Indianapolis has been without a high-profile professional ballet company since Ballet Internationale folded in November 2005 with $1 million in debt. Hesse has been working on the concept and […]
Leading local arts backers Jane Fortune and Robert Hesse are the driving forces behind Indianapolis City Ballet, a new professional dance company, IBJ learned this morning. Indianapolis has been without a high-profile professional ballet company since Ballet Internationale folded in November 2005 with $1 million in debt. Hesse has been working on the concept and […]
The federal government said last night it will bump up a rate used to figure Medicare Advantage reimbursement to insurers by nearly 1 percent, but many analysts expect overall payment rates to fall next year. The Centers for Medicare & Medicaid Services said the national average growth percentage per capita for Medicare Advantage plans would […]
I’m guessing that many of you have already seen the e-mail that is being circulated prodding you to join a rally on Monument Circle April 20 designed to “increase awareness of the importance of the arts to the local economy…
About 1,800 Indianapolis-area AT&T workers could go on strike if they don’t reach a deal with the company soon. Their contract expired Sunday morning, but they showed up for work today. The union is trying to keep AT&T from raising health care insurance premiums. AT&T said it is paying 92 percent of the health care […]
Evansville officials have a downtown site in mind for a new 11,000-seat arena that they hope to start building this summer. Some business owners located in the two-block area, however, are clear that they want to stay. Much of the property is owned by the O’Daniel family, which operates D-Patrick Ford on the site. The […]
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
A partnership of electric utilities and technology companies is intent on making Indianapolis the first city in the nation to test plug-in electrics on a mass scale, perhaps starting later this year.
Fully 40 of Indiana’s 92 counties derived more than half of their earnings from commuters bringing back their compensation from somewhere else.
