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Articles
Legislative panel passes mass-transit funding plan
The proposal, which would allow counties to impose taxes on corporations and residents to pay for expanded transit, will be fleshed out before the 2014 legislative session, then introduced as a bill.
Home builders race to meet demand
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.
Councilor: $100M deal hanging on Fishers tax hike
A private company is weighing a $100 million investment in Fishers, Town Council member Scott Faultless said Monday, but the project depends on adopting a 1-percent food-and-beverage tax that’s still the subject of heated debate.
Company news
Zionsville-based hc1.com Inc. announced an expansion plan Friday that it says will add 62 local jobs by 2017. Hc1.com will spend $1.4 million to lease and equip a 16,626-square-foot headquarters at Northwest Technology Park. Founded in 2001 as Bostech Corp., hc1.com sells health care relationship-management software to medical labs and radiology practices. The firm already has 80 employees, including 70 in Indiana. Brad Bostic, who co-founded ChaCha Search Inc., is the CEO. The Indiana Economic Development Corp. offered hc1.com up to $1 million in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. Boone County approved additional incentives.
Eli Lilly and Co. will invest another $700 million in its diabetes manufacturing capacity, the Indianapolis-based drugmaker announced last week. The move includes a $45 million investment for Lilly's operations in Indianapolis on top of a $400 million investment the company announced over the past year. Lilly is expanding plants in Puerto Rico, China, France and at its headquarters in Indianapolis. According to Bloomberg News, China alone will see a $350 million buildup that will enable Lilly to produce more insulin cartridges for reusable devices. Lilly announced a year ago that it would build a $140 million insulin-cartridge plant in Indianapolis, then decided in April to spend another $180 million to more than double the size of the facility. In addition, Lilly is planning several other projects for its local operations totaling $80 million, including a $40 million product-inspection center. The number of diabetics worldwide is projected to grow to 592 million in 2035 from 382 million this year, according to a report released Thursday by the International Diabetes Federation. The report found that 80 percent of diabetics live in low- or middle-income countries.
Arcadia Developmental Center in Hamilton County has been closed by state authorities, resulting in the end of employment for 100 workers. New Age Healthcare LLC, which oversees the center, notified the Indiana Department of Workforce Development of the closure Nov. 11, according to a letter posted online Friday by the IDWD. Arcadia said the Division of Disability and Rehabilitative Services had ordered an immediate transfer of its residents to other service providers on Nov. 11. The state recently cited the facility for violations regarding infection control and other problems. The center, which was founded in 1998, began laying off employees Nov. 12 and expects to be finished by Dec. 31.
County to expand government center in Noblesville
Hamilton County commissioners plan to expand the Judicial & Government Center in downtown Noblesville, easing a space crunch and keeping county offices on the courthouse square.
Development starts long before dirt starts moving
The growth of Carmel’s Meridian Street office corridor wasn’t a happy accident. It was city planning. Last month’s Hamilton County Leadership Academy session provided an up-close look at planning and development in the fast-growing suburbs.
Fishers looking to fund development with tax hike
Suburban neighbors already impose 1-percent levy on food and beverage sales.
Hamilton County tourism getting sweeping update
Officials tout sophistication, Internet focus in attempt to shed folksy image.
Fishers seeking public input on tax-hike proposal
Fishers’ Town Council is convening a special meeting next week to hear what residents think of a proposal to raise the food-and-beverage tax by 1 percent to fund economic development projects.
Redevelopment commission for Carmel in turmoil
The city's big-spending redevelopment commission, which helped fund some of Carmel's most ambitious projects, now is facing a tight budget, a staff exodus and brow-raising audit.
2013 WOMAN OF INFLUENCE: Brenda Myers
For Brenda Myers, executive director at the Hamilton County Convention and Visitors Bureau, promoting the county goes well beyond visitors.
Momentum builds for state water plan; some fear conflicts over shortages
Indiana is generally water-rich, but advocates of resource planning say the state runs the risk of supply crises that would hamper economic development.
Huge housing, golf development planned for Westfield
The developer who delivered high-end housing to Westfield a decade ago with The Bridgewater Club is working on plans for another upscale golf community near the city’s Grand Park Sports Complex.
BENNER: Westfield is pursuing its own amateur sports dream
Hamilton County town pursuing young athletes who arrive with families in tow.
Mass-transit plan draws critics in state hearing
Three tea party members testified Thursday against the $1.3 billion proposal that lawmakers delayed last session and sent to a study committee for review.
‘Dynamic duo’ boosts Hamilton County tourism
In eight years with the Hamilton County Convention and Visitors Bureau, Executive Director Brenda Myers has morphed her organization into a developer, grant giver and landlord. The strategy appears to be working.
Boomers face downsizing dilemma in Indianapolis
Changing tastes, economic uncertainty could crimp sale prices for boomers wanting to move into smaller quarters.
Dream teams for tourism industry
Youth sports events reap millions for Indianapolis and its neighbors.
IBJ Real Estate Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13. The following is an unedited transcript of the discussion.