Affordable housing developers struggle as key funding source disappears
Affordable
housing developers nationwide are facing a drastically weaker market for tax credits.
Economic Development Incentives
Articles
EYE ON THE PIE: Watch your pocket; someone may pick it
The unexpected move of NCR Corp. from Ohio to Georgia illustrates how even the best corporate citizens can show a fickle streak.
Boomtown on hold: Recession delays Honda’s full impact on Greensburg
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
Simon family’s interests helped city thrive, but taxpayers paid the price
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
Prolonged woes reshape Connersville, city once known as ‘Little Detroit’
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.
Indianapolis weathering recession better than rest of state, U.S.
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
Is 2012 Super Bowl wisest investment?
The economic impact of a Super Bowl on the host city is subject to vigorous debate.
ICVA embarking on new direction with new CEO Welsh
Don Welsh is quickly making a name for himself as a change agent. Though few knew what to think when Welsh announced he was
leaving Seattle to become Indianapolis Convention & Visitors Association CEO, he’s shown he didn’t come here to simply
wind
down his career.
Let’s use old terminal for distribution hub
The city should organize a public-private partnership to create a multi-modal distribution community at the site of the former
Indianapolis Airport terminal.
Government officials dangle incentives, attracting firms across county lines
Marion County economic development officials are proud of their latest headquarters attraction. Bowen Engineering Corp.
will inject 103 high-paying jobs into the Indianapolis economy immediately. And over time, the company expects
to add another 138. Their average salaries will top $70,000. The deal didn’t require Mayor Greg Ballard
to travel to Japan, or even to another state. Bowen Engineering is moving all of 8.4 miles, from its former
home in Fishers to the 8800 block of North Meridian Street.
Staying earns Steak n Shake state, city rewards
Local governments plan to throw Steak n Shake Co. a life raft of incentives worth about $275,000 to help the struggling chain
keep its headquarters in Indianapolis. The company has quietly agreed to retain about 180 employees here in exchange for a
$200,000 state training grant and a five-year personal property tax abatement worth about $75,000.
Tax reform fallout worries biz interests
Property tax reform is now Indiana law. Hoosier homeowners are thrilled. But many corporate leaders grumble the historic deal was brokered on the backs of business. Topping their concerns is the new 3-percent property tax cap for commercial and industrial properties, which they fear will slow business expansions and discourage companies from moving headquarters to the state.
Filmmakers waiting to see if lawmakers boost incentives
Legislators are weighing a measure that would offer taxpayer-funded rebates to production companies willing to make movie
magic in Indiana–giving a boost to an industry that’s been asking for help since 2004.