Articles

City loses top bond rating from Standard & Poor’s

Indianapolis had its bond rating cut from AAA to AA this week by financial rating service Standard & Poor's after the city dipped into reserve funds to balance its budget. Two other major ratings services retained the top rating.

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State reaches expansion deals with 7 companies

Indiana Gov. Mike Pence announced plans Wednesday for seven companies to expand or start operations in central Indiana, creating a combined 1,013 jobs over the next eight years if their plans come to fruition.

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Pence makes another pitch for business tax cut

Talking to entrepreneurs at a center for business start-ups, Pence said the state can’t compete with its neighbors for private investment without eliminating the personal property tax on business equipment.

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Suit spawns liquor-distribution showdown

Indiana’s largest beer distributor is mounting the latest legal challenge to the state’s arcane, Prohibition-era liquor laws. Indianapolis-based Monarch Beverage Co. Inc. is suing state officials, arguing the company should be able to also supply liquor to bars, restaurants and retail outlets.

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