Under Daniels, Purdue unleashes surge of startups
Before Mitch Daniels took the helm, the university used its intellectual property to create about eight startups annually. The school has been averaging nearly three times that each year since.
Government & Economic Development
Articles
Indiana gets record $26 million to expand HIV treatment
The money will be used to increase treatment capacity for patients by funding psychiatric nurse practitioners and mental health and addiction counselors.
Could central Indiana be candidate for Amazon’s proposed second North American HQ?
State economic development officials won’t comment on whether they plan to submit a proposal for the $5 billion development, but a local site-selection expert said pursuing Amazon is “too good of an opportunity” for the state to pass up.
Colts camp could mean big payoff amid expenses for Westfield
The Indianapolis Colts will pay Westfield for using Grand Park and let the sports complex keep revenue from parking fees and food and beverage sales. But there are costs associated with hosting the training camp.
Ukrainian immigrant Spartz picked to replace Kenley in Senate
Victoria Spartz won control of the seat on the sixth ballot during a Republican caucus Wednesday evening, beating Kenley’s handpicked successor.
Indianapolis airport hopes to see cargo boost from new Paris flights
The Paris flights, announced Wednesday, may lessen the urgency local officials feel to attract a direct flight from Indianapolis to London. Delta Air Lines stands to land $5.5 million in incentives if it can keep the flights filled.
Former workforce agency boss announces bid for Congress
A former Indiana lawmaker and state agency head is running for the seat currently held by Rep. Todd Rokita, billing himself as a “conservative business leader.”
U.S. job growth slows in August, but overall trend still strong
Employers added 156,000 jobs in August, enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery. Pay raises are still meager, however.
State parks fully booked for Labor Day weekend
Campgrounds and cabins at Indiana’s 25 state parks and its numerous state recreation areas should be filled to capacity. Other visitors still can enjoy activities at the parks.
Government center could close during asbestos removal
Members of the Madison County Council have asked the county administrator about the cost of shutting down the center in Anderson during the seven-month process.
Land bank adds commercial properties
City officials are turning to the not-for-profit Renew Indianapolis to market and sell industrial sites, adding to its responsibilities reaching far beyond residential properties and vacant lots.
Westfield purchases Grand Park soccer complex
The city of Westfield has quietly purchased the Grand Park Events Center from South Bend developer Holladay Properties, but the action remained largely unnoticed.
U.S. economic growth upgraded to 3 percent in second quarter
The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.
Trump to push tax overhaul but leave details to Congress
President Trump wants corporate taxes to drop from a top rate of 35 percent to a top rate of 15 percent. But it’s not clear if it will end up being that low in the plan, or what kind of break a typical taxpayer would see.
Lilly shares rise on surprising news from FDA on arthritis drug
The Indianapolis drugmaker said it will not be required to conduct another expensive, time-consuming clinical trial for the potential blockbuster.
Carmel City Council approves more funding for holiday market
The council transferred half the money from its own budget instead of from the police department’s budget, as had been originally proposed.
Indianapolis, Carmel reach deal in 96th Street roundabout dispute
The deal has to be approved by both the Indianapolis City-County Council and the Carmel City Council before Carmel begins construction on the contested intersections.
Auto parts firm plans Fort Wayne expansion, adding 313 workers
Android Industries provides components for the nearby General Motors truck assembly plant.
Most Harvey victims uninsured, face big bills alone
Many families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell.
East side’s Promise Zone hits big milestone by leveraging nearly $120M
The area on the near-east side is one of eight nationally to be designated for the program, which gives high-poverty communities a leg up in receiving assistance for revitalization efforts.