Stocks tumble after GOP cancels ‘fiscal cliff’ vote
House Speaker John Boehner scrapped a vote on his so-called “Plan B” on Thursday night after it became clear that it did not have enough support in the Republican-led House to secure passage.
Government & Economic Development
Articles
U.S. economy grew at 3.1 percent in summer
Exports increased, consumers spent more and state and local governments added to growth for the first time in three years. But the economy is likely slowing in the current quarter.
Lugar’s storied political career comes to a close
Colleagues and friends say Lugar’s commitment to foreign policy, which earned him a Nobel Peace Prize nomination, and his belief in bipartisanship, which contributed to his thrashing by Tea Party favorite Richard Mourdock in the May primary, will be sorely missed when he leaves the Senate in January after 36 years.
Greater Indy chamber elects new leaders
John Thompson of First Electric Supply will lead the organization’s 120-member board.
Digital marketer Raidious to add up to 75 downtown jobs
The company, which currently has 20 Indianapolis employees, began its expansion this fall by leasing 2,800 square feet of office space in the Morrison Opera House, 47 S. Meridian St.
Johnson picked to succeed Miles as leader of CICP
BioCrossroads CEO David Johnson has been chosen president and CEO of the Central Indiana Corporate Partnership, succeeding Mark Miles, who is leaving the CICP after seven years to become CEO of Hulman & Co.
Skillman to lead southern Indiana development group
Lt. Gov. Becky Skillman is heading south after she leaves the Indiana Statehouse to lead an economic development group revolving around the Crane Naval Surface Warfare Center.
Auditors: Tech issues, worker rush led to state tax errors
Auditors investigating Indiana's Department of Revenue are saying outdated technology and a work culture that sacrificed accuracy for speed led to $526 million in tax errors from the state.
Fishers to kick in $8M toward new I-69 interchange
The Fishers Town Council voted Monday to spend $8 million in local funds toward construction of an Interstate 69 exit at 106th Street that will cost an estimated $25 million to build.
Chrysler plans $162 million plant, 850 jobs in Tipton
Tipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.
Pence’s inner circle includes old, new hands
Mike Pence's staff says he likes to chew over an issue extensively before presenting it to the public, and wants to hear from multiple sides before making up his mind.
Carmel poised to gain HQ of new public company
Ingersoll-Rand PLC said it plans to spin off its commercial and residential security unit, which is headquartered in Carmel, into a separate public company. The security division has $2 billion in annual revenue and 1,300 employees in the Indianapolis area.
Chrysler seeks tax incentives on Kokomo plant
Chrysler Group LLC is seeking tax incentives for its transmission plant in Kokomo at the same time it's asking Tipton County officials for similar incentives on a vacant plant.
Indiana farmers fear estate tax changes
Indiana farmers say they have a lot to lose should the nation go over the so-called fiscal cliff, a set of automatic spending cuts and tax hikes set to take effect in January unless the White House and Republicans negotiate a compromise.
Indy home explosion investigation costs: $308,674
The Indianapolis Department of Public Safety says it has spent more than $300,000 on manpower and other expenses investigating an explosion that killed a couple and decimated their neighborhood on the southeast side.
Pence keeps transportation, National Guard chiefs
Pence announced that Maj. Gen. Martin Umbarger would continue as the head of Indiana's National Guard and Michael Cline would continue serving as state transportation commissioner.
Signs suggest CICP will pick inside candidate to replace Miles
The Central Indiana Corporate Partnership might announce a successor to CEO Mark Miles as early as Dec. 18, just a month after Miles said he was leaving to become CEO of Hulman & Co.
IEDC seeks $30M fund to stoke life sciences firms
The Indiana Economic Development Corp. is looking to renew its commitment to life sciences by creating a $30 million venture fund. The amount dedicated to one sector would be equal to the state’s allocation for all high-tech startups over the past two years.
Kenley pitching license plate tax to fund highway projects
A license plate tax of $20 to $50 per car will be one of a raft of proposals considered by the Legislature next year as a way to fix a hole in funding for road maintenance, and to keep expanding Indiana’s system of highways.
Times report on IEDC shows low cost of corporate subsidies
Indiana spent less per capita than most states on incentives aimed at adding jobs.