IT firm plans $24 million data center
The city’s Metropolitan Development Commission will consider providing Lightbound LLC with property tax abatements to offset
investment cost.
Government & Economic Development
Articles
Economists say recovery continues, but pace slows
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and
fewer cutting jobs, but the pace of growth has slowed, a new survey shows.
State asking Hoosiers to repay stimulus money
An Indiana agency is telling about 36,000 people who collected a $25 stimulus payment as part of their unemployment check
that they must repay the money because they were later ruled ineligible.
Library board saves branches, seeks long-term fix
The Indianapolis-Marion County Public Library board of trustees agreed Thursday to keep open two library branches targeted
for closure next year. Board members also outlined $2.5 million in proposed budget cuts for 2011 to help stem the growing
gap between revenue and expenses.
State reserves down nearly half despite spending cuts
Indiana brought in $957 million less in revenue than it budgeted for fiscal year 2010, forcing it to use almost half its reserves,
Indiana State Auditor Tim Berry announced Friday morning.
CIB saves $1M after state agrees to lower loan rate
State officials decided to reduce the interest rate on a $9 million loan to the city's Capital Improvement Board by 1
percentage point. The news couldn't come at a better time for the agency, which is trying to find money to assist the
Indiana Pacers.
Appeals court reverses Bargersville annexation
The Indiana Court of Appeals on Thursday overturned the town of Bargersville’s annexation of land that Greenwood officials
also wanted to take over, saying it failed to get the required consent from property owners.
Program to help foster kids ease into adulthood
The Indiana Supreme Court says youth who outgrow foster care are at risk of homelessness, unemployment, substance abuse, criminal
involvement and mental health issues.
Ballard takes aim at vacant homes
If Mayor Greg Ballard successfully closes the $1.9 billion sale of the city’s water and sewer utilities to Citizens Energy,
some of the proceeds will be used to bulldoze or rehabilitate 2,000 to 4,500 abandoned, unsafe homes during the next two years.
Shelbyville, county plan economic development projects
Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for
economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month
or two.
Brizzi hires ex-partner to handle public records requests
Marion County Prosecutor Carl Brizzi has hired his former legal partner and personal attorney to field public records requests.
Locally based Collignon & Dietrick PC is responsible for review and production of Prosecutor’s Office e-mails, contracts,
case files and other documents requested by members of the media or public.
Indianapolis launches three Web business tools
The sites offer insight into government contracts and other business activities of local government.
Illinois firm to build used oil plant in Speedway
The $40 million project along West 10th Street could create 75 jobs by 2013.
Beer brewer feuding with Franklin over incentives
San Diego-based TailGate Beer is supposed to create as many as 150 jobs in Franklin, but the plan has been delayed while the
sides squabble about financial disclosures.
President nominates Hogsett for U.S. Attorney
The White House has chosen an Indianapolis labor and employment attorney to be the next U.S. Attorney for the Southern District
of Indiana.
IT staffing firm plans downtown expansion, 80 new jobs
Smart IT Staffing Inc said Wednesday morning that it plans to expand its Indianapolis headquarters, creating up to 80 new
jobs by 2014.
Federal agents raid University Loft headquarters
Agents descended on the contract-furniture maker to execute a sealed search warrant. A spokeswoman for U.S. Attorney Tim Morrison said no arrests were made.
Environmental services firm to build $40M refinery
Heritage-Crystal Clean Inc. plans to build an oil re-refinery in Speedway, creating as many as 75 new jobs by 2013.
Lugar, Meadows projects get tax credits
Two high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars in credits they need to proceed.
UPDATE: CIB wringing money from general operating fund to pay Pacers
A combination of taxes targeting downtown visitors and users of the city’s professional sports complexes are expected to generate
the bulk of the subsidy.