Visible progress in the city hides other troubles
Indianapolis still looks like a city with momentum, despite the dismal economy. But appearances can be deceiving.
Economic Development
Articles
Keep Indianapolis Beautiful and Lilly team up on I-70 landscaping project
Some of Indianapolis’ main entrances from Interstate 70 are in line for a $2 million makeover.
Handmade bike show rides away
North American Handmade Bicycle Show, we barely knew ya. After one year in Indianapolis, the unique event—which drew 150 exhibitors and 7,200 attendees to Indianapolis Feb. 27-March 1—is vacating for Richmond, Va. The…
Velodrome future in limbo
While the Marian College cycling team has been off hunting national championships in Colorado, school officials’ plan to manage the Major Taylor Velodrome has not yet won support from Indy Parks.
Marian College officials…
Top logistics execs draw road map for industry
On the menu of Indiana’s economic development initiatives, the logistics industry has had all the appeal of truck stop coffee.
Meanwhile, the information technology and life sciences sectors—and recently clean tech—have had everyone salivating. Logistics, however, is cooking up a new strategy.
LOS may score World Cup windfall
Indianapolis is in the running to host Word Cup soccer games in 2018 and 2022. It’s a long, long way from a done deal, but two things are certain. First, Indianapolis…
Westfield plans $60M youth-sports complex
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets.
Casino-tax controversy lit fire under residents of Fairland, a long-forgotten town
With a town government behind them, Fairland-area residents hope any future growth will be to their benefit.
Indy Gen-X group to tout city to out-of-town recruits
IndyHub, the city’s young professionals network, will launch a new Web site, circlingthecity.com, to pique the interest of out-of-towners who are being recruited by local companies.
Simon family’s interests helped city thrive, but taxpayers paid the price
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
NFL schedule not kind to Lucas Oil
At first glance the Indianapolis Colts schedule looks pretty good for all concerned. Forrest Lucas, founder of the oil company that put its name on the Colts one-year-old stadium, called the team’s 2009…
CIB solution is simple, a bit scary
It may seem absurd. No, scratch that, it does seem absurd. But there’s a simple solution to solve the Capital Improvement Board’s $47 million budget shortfall. Legalized sports gambling.
That proposal won’t see the…
Detroit reminds us not to squander what we have
My prevailing thoughts upon returning from Detroit were how fortunate Indianapolis is when it comes to hosting these kinds of events, and how a thriving downtown is essential to (A) success of the region and (B) national perception.
Startup Carbon Motors could create 1,500 jobs
Hoosier economic development officials are working to attract police-car maker Carbon Motors to Connersville.
Prolonged woes reshape Connersville, city once known as ‘Little Detroit’
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
Indianapolis weathering recession better than rest of state, U.S.
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
Commuting shifts $87 billion in Indiana
Fully 40 of Indiana’s 92 counties derived more than half of their earnings from commuters bringing back their compensation from somewhere else.
Focused, clear direction is needed to end recession
The solution to ending the current recession is not more trillion-dollar debt on future social health care, education and energy ideas, nor any increase in taxes.
Senator hits nerve in CIB debate
In the quintessential exchange at yesterday’s Senate committee hearing about a potential solution to the Capital Improvement Board’s revenue shortfall, Sen. Lindel Hume, D-Princeton, asked Indiana Pacers Chief Operating Officer Rick Fuson about…
Minority, women contracts rise for Convention Center project
The hiring of minority- and women-owned
businesses to work on the $275 million Indiana Convention Center expansion is far ahead of state requirements and has surpassed
rates that were registered for the $715 million Lucas Oil Stadium project.