Indianapolis Downtown Inc. to go by new name
Indianapolis Downtown Inc., a 21-year-old public-private promotional group, plans to do business under a new name as part of a strategic plan, it announced Wednesday morning.
Government & Economic Development
Articles
Engineers: Union Station requires $3.7 million in emergency repairs
The Department of Metropolitan Development could tap the downtown TIF fund to cover the costs. The problems were uncovered after bricks fell off the station’s south wall in December 2012.
Carmel sports marketing firm plans headquarters expansion
U/S Sports Advisors said it will spend $1.1 million on an expansion at its Carmel headquarters, increasing employment by 36 jobs by the end of 2018.
Real estate company proposing $26 million development
Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
Cardinal Health unit seeks tax breaks for local drug facility
A subsidiary of Dublin, Ohio-based Cardinal Health Inc. is seeking tax breaks from the city of Indianapolis to help it open a $14.4 million local drug-production facility that would employ 85 workers by 2017.
Indianapolis 2015 budget would use reserves
Indianapolis Mayor Greg Ballard will introduce to the City-County Council on Monday night a $1 billion budget for 2015 that taps reserves to make ends meet. Next year would be the third year in a row that the city taps fund balances to close a budget deficit.
Indiana lottery manager misses goal, but hits record numbers
The Hoosier Lottery's top official said she is "pleased" with a private manager's performance, even though the firm fell short of its income target during the first full fiscal year of its 15-year contract with the state.
Illinois ends contract with private manager of lottery
The manager, Northstar Lottery Group LLC, is 80-percent owned by Rhode Island-based Gtech Corp., the parent company of Gtech Indiana, which manages the Hoosier Lottery.
Top Ballard deputy Kintner heading for private sector
Indianapolis Mayor Greg Ballard announced several staff changes Friday morning, including the planned departure of Deputy Mayor of Economic Development Deron Kintner.
Indiana universities face budget cuts if tax intake lags
Indiana's public universities could see their budgets cut another 2 percent if state tax collections continue trailing expectations, Gov. Mike Pence's budget director said Thursday.
Mattress maker plans 300 jobs in Plainfield
Mattress maker Tempur Sealy International Inc. plans to open a manufacturing and distribution facility in Plainfield, creating up to 300 jobs by the end of 2015, the Lexington, Kentucky-based company announced Thursday afternoon.
IU research center trying to remedy ‘civic deficit’
The Center for Civic Literacy will open its first public conference Aug. 22 with the goal of connecting scholars and practitioners in the fields of education, business, not-for-profits, media and government.
Huntingburg, Wabash named Stellar Communities
Two Indiana cities will receive millions of dollars to help spur economic development after being named 2014 Stellar Communities.
State tax collections fall just below projections
The state brought in a total of $1.04 billion in July general fund revenue, a decrease of 0.5 percent from the December 2013 state revenue forecast.
Hendricks County pitching motorsports skill, expertise to medical manufacturers
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
Democrats question $12M in consulting contracts
The cash-strapped city of Indianapolis has entered agreements worth more than $12 million as it pursues a public-private partnership for a new courthouse and jail. Mayor Greg Ballard’s office says the fees will be paid by the developer.
Indiana challenge to Obamacare tax-credit rule can go forward
U.S. District Judge William T. Lawrence in Indianapolis on Tuesday denied an IRS bid to dismiss that portion of the state’s 2013 lawsuit, in which it claimed the rule illegally conflicts with a provision of the federal law.
Pence: State to pay special-needs adoption subsidies
The move comes just two months after a LaPorte woman filed a lawsuit, saying the state owed her subsidies.
U.S. Postal Service suffers $2 billion quarterly loss
The agency blamed increases in compensation and benefits costs for the red ink and said it would be unable to make a congressionally mandated payment of $5.7 billion this September for health benefits for future retirees.
Nearly 700,000 Indiana voter registrations ‘inactive’
Indiana Secretary of State Connie Lawson said Monday she has marked 696,000 registrations "inactive" as part of her efforts to clean up to the state's rolls of voters.