Articles

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.

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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.

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National City Center nabs Veolia

Paris-based utilities giant Veolia Water has reached a deal to move its North American headquarters into the 16-story National
City Center, providing a boost to a downtown building still reeling from the loss of Simon Property Group Inc.

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Top Conseco executives opt to live in Chicago

Jim Prieur makes a great choice for Conseco Inc. CEO, analysts say. But whether his hiring bodes well for the company’s Carmel headquarters is a different question. Conseco Chairman Glenn Hilliard said last week that Prieur will live in Chicago when he joins the company next month.

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