Slow economy bruises profits of Indiana’s largest public companies
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
Government & Economic Development
Articles
UPDATE: Commission approves City Market funding
The Metropolitan Development Commission voted Wednesday afternoon to release nearly $4 million to
improve
the historic building in downtown Indianapolis.
Carmel-based power provider receives $5M federal grant
The Indiana Municipal Power Agency will use funds through the American Recovery and Reinvestment Act to retrofit streetlights
in 20 communities that it serves.
Farmers say northwest Indiana airport costing wind power
Some farmers would like to see a small airport in rural northwestern Indiana closed in order to open up a large part of the
state's windiest area for electricity-producing wind turbines.
Democrat Williams drops out of race for mayor
Brian Williams said Tuesday that he is dropping his bid to challenge Mayor Greg Ballard in 2011, paving the way for front
runner
Melina Kennedy to represent the Democrats.
Loss of southern Indiana rail line worries communities
Some southern Indiana communities are worried about the economic impact of CSX Transportation's decision to stop running
trains on a 62-mile rail line.
Young workers help Indiana parks during cutbacks
Indiana Department of Natural Resources spokesman Phil Bloom said the 1,665 young workers hired by the DNR will help seasonal
workers with important maintenance work at many of the state’s 24 state parks and dozens of other properties.
House Speaker pushes IEDC over job-creation numbers
Pat Bauer sent Indiana Secretary of Commerce Mitch Roob a letter formally requesting the Indiana Economic Development Corp.
disclose public records about promises companies gave the state in exchange for job-creation incentives.
Rolls-Royce opens plant making part for Joint Strike Fighter
The new "focused factory" in Plainfield will produce lift fans for the Joint Strike Fighter aircraft. The fan allows
one version of the aircraft to make helicopter-like landings.
Deadline approaching for mortgage lenders to pass exam
Lenders must pass the test by July 1, or their licenses will be revoked. So far, just 58 percent of more than 1,000 in the
state
have passed.
Daniels aide named Indiana civil rights commissioner
Jamal Smith of Indianapolis joined the governor’s staff two years ago and served as senior adviser on minority affairs.
Indiana bringing information revolution to public schools
The state is building a massive data system with a tough-love intent of rewarding good educators and schools and hammering
poor performers.
Hat World expansion to create 571 jobs in Indianapolis
Hat World, a subsidiary of Nashville, Tenn.-based Genesco Inc., said it plans to invest up to $22 million to lease and prepare
additional space locally as it consolidates manufacturing and warehouse operations from Wisconsin.
Lugar’s energy bill winning support
Lugar’s bill may be able to muster the 60 votes needed for Senate passage because it wouldn’t cap emissions or expand offshore
drilling, two controversial issues in the Senate.
INDOT commissioner to step down for Duke Energy post
Indiana Department of Transportation Commissioner Mike Reed is resigning to become president of Duke Energy's Indiana
operations. Michael B. Cline, INDOT's deputy commissioner of operations, will replace him.
Chinese furniture maker picks Marion for U.S. headquarters
The upholstered-furniture maker, which operates as Y.K. Furniture, plans to invest $24.3 million to establish its first U.S.
subsidiary. The facility will house assembly-and-distribution operations with about 100 employees.
Avon gives senior-living facility tax abatement
Leo Brown LLC’s 20-acre, $36 million senior-living community is expected to create 132 jobs with an average salary of $37,000
when it is completed in 2011.
Ballard bets big on $16 million software project
Concluding a year-long evaluation and public bidding process, mayor chooses Oracle’s PeopleSoft to replace local government’s
1970s-era financial IT system and New York-based Zanett Inc. to lead the implementation.
IT consulting firm plans to create 230 jobs
Miller Consulting Group will move its headquarters from Indianapolis to Noblesville and add the jobs by the end of 2013,
the company said Wednesday morning.
Lilly taps O’Connor as state lobbyist
O’Connor, chief deputy mayor under former Indianapolis Mayor Bart Peterson, started Monday as Lilly's director of
state government affairs—working again under Peterson.