IU Athletic Director Fred Glass would have good reason to be conflicted about the Hoosiers’ participation in the all-Indiana hoops double-header, which is no doubt a boon for downtown Indianapolis and Butler.
Tourism officials project that 40 percent of those attending the new fan-friendly event will come from outside Indiana. The attraction could score $2 million for downtown hotels and restaurants.
The $150,000 loan to a businessman was made more than three years ago as part of an effort to redevelop a Muncie building and create jobs.
Healer Health makes shoes under the brand name I-Runner. It’s moving its operations from Kentucky to Zionsville next month.
The resolution directs the manufacturer to pay back the money and authorizes the Department of Metropolitan Development “to take such action as is necessary to recover said damages.”
An Italian company planned to create 450 jobs when plans for its Muncie factory were announced in 2008, but it never employed more than about 60.
Connecticut-based United Technologies, the parent firm of Carrier Corp., said in a statement that its plans to send 700 Huntington jobs to Mexico haven’t changed.
The Hogsett administration has begun using TIF financing for neighborhood projects, but the developers have to agree to back the bonds.
The state rarely has to dole out incentives to retain jobs. Experts differ on whether that’s likely to change in the wake of the $7 million deal state officials cut to keep an Indianapolis HVAC plant open.
Jim Schellinger, a former Democratic candidate for governor, became president last year of the Indiana Economic Development Corp. In accepting the new position, he will retire from CSO Architects, where he had served as CEO, and sell his ownership stake.
The union president slammed by Donald Trump on Twitter challenged the president-elect to back up his claim that a deal with Carrier Corp. would save 1,100 jobs in Indianapolis.
Zionsville-based Clear Software LLC is planning a major expansion that could transform it from a small startup into large tech firm with almost 200 workers.
Council members voted 24-1 to include in the TIF district the former General Motors stamping plant property and the Market East District.
The company has requested a tax break from Indianapolis officials on the project that would save it about $484,000 over eight years.
The unemployment rate hit a nine-year low in November, although mainly because many people stopped looking for jobs and were no longer counted as unemployed.
President-elect Donald Trump on Thursday said he wasn’t specifically talking about Carrier when he said on the campaign trail that "Carrier will never leave" America if he was elected president. But it didn’t stop him from trying.
President-elect Donald Trump is reviving the persuasive art of “jawboning” as he uses the bully pulpit to strong-arm straying manufacturers. But for how long will it be effective, and is it in the long-term best interest of the economy?
President-elect Donald Trump’s job-retention deal with Carrier Corp. could have symbolic value, some business and economic experts say, but isn't likely to alter long-term manufacturing trends.
Carrier Corp. was motivated to retain 1,000 manufacturing jobs in Indianapolis by a state incentive package and the possibility of losing a “favorable relationship with federal contractors,” according to a prominent IEDC board member.
U.S. Treasury Secretary-nominee Steven Mnuchin outlined an economic agenda aimed at almost doubling the growth rate of the current expansion, saying he will boost jobs by making tax reform his overriding priority.
