Indiana pension system is country’s most conservative
The Indiana Public Retirement System has cut its assumed rate of return from 7 percent to 6.75 percent, becoming the first large pension system in the country to go below 7 percent.
Government & Economic Development
Articles
Few regulations for Indianapolis food trucks to keep
Owners, restaurateurs are hoping to avoid new ordinances.
Indiana agencies drawing right-to-work rules
The new law is only the latest to hit unions with broadsides.
EDITORIAL: Time to break TIF logjam in Indianapolis
Republican Mayor Greg Ballard’s aides says delayed action on funding proposals could jeopardize pending economic development proposals.
Flood-control project could mean more trees get ax along Central Canal
The latest U.S. Army Corps of Engineers plan for a $14.4 million floodwall and levee from Butler University to Kessler Boulevard is both good and bad news for woodland advocates.
Ballard plans to introduce merit raises for more employees
Mayor Greg Ballard said Thursday that he plans to introduce a new system of merit raises that could put extra pressure on department chiefs to cut their budgets.
Parking-garage connectors receive city approval
The Metropolitan Development Commission’s plat committee has given local developer Flaherty & Collins Properties the go-ahead to include two upper-level pedestrian connectors in its plan to build a five-story parking garage downtown. The garage is part of a larger, $85 million development.
Extra money for Carmel arts groups on hold
Carmel Mayor James Brainard's request for an additional $1.36 million in arts funding is lingering in a city council committee.
RV parts suppliers plan to add 260 jobs in Indiana
Lippert Components Manufacturing Inc. and Kinro Manufacturing Inc., divisions of White Plains, N.Y.-based Drew Industries Inc., said they will bring the jobs to Elkhart and Goshen by 2015 as part of a $3.7 million expansion.
Pence wants more farm promotion, technology
Mike Pence's Republican running mate, lieutenant governor nominee Sue Ellspermann, said Tuesday the state should do more to promote Indiana farm exports. She's also calling for a joint venture in developing new agriculture technology.
Five in the running to manage City-County Building
Indianapolis Mayor Greg Ballard’s office is reviewing proposals from five commercial property managers that want a crack at running the City-County Building for the next 30 years.
Marketing software firm CIK plans to expand, add 57 jobs
CIK Enterprises LLC, a marketing software and services firm, plans to add the jobs by 2016. The company will continue to lease a 30,000-square-foot facility on the city’s west side.
Daniels still waiting on lobbying decision
Questions remain whether Indiana’s governor will be covered by the state’s “revolving door” law when he becomes president of Purdue University. State ethics rules require a one year cool-down period for public officials after leaving office, preventing them from working as lobbyists.
Carmel looks at $195 million refinancing package
The Carmel City Council will consider backing a $195 million debt re-issue, which would free up millions of dollars for further development of the massive City Center project.
Daniels seeks candidate input on health exchange
Indiana Gov. Mitch Daniels asked the three gubernatorial candidates this week for their input as he decides whether to establish a state health insurance exchange.
Biz interests shy from gubernatorial hopeful Gregg
Technically, the Indiana governor’s race is wide open, but some deep-pocketed donors see Democrat John Gregg as a long shot. Gregg tripled his fundraising pace in the second quarter, but much of that was fueled by unions, rather than business groups and executives who’ve supported Democrats in the past.
Showdown escalates in City-County Council over TIFs
Redevelopment of the Massachusetts Avenue fire station could remain in limbo for the foreseeable future, as Mayor Greg Ballard and council Democrats enter a standoff over tax increment financing districts.
‘Creating a vision’ is job one for IDI’s new president
Sherry Seiwert, former executive director of the Indiana Housing and Community Development Authority, begins Aug. 6 as president of Indianapolis Downtown Inc., the group that charges itself with developing, maintaining and promoting the heart of the city.
Anderson using Colts training camp in year-round tourism effort
With a new Indianapolis Colts coach and quarterback on the field, Anderson officials expect to see an increase in training camp attendance this season that will help boost tourism in Madison County all year.
City’s Huber to head airport biz-development efforts
Michael Huber, the city’s deputy mayor for economic development since March 2010, is stepping down to take a lead role in commercial development at Indianapolis International Airport. He’ll be replaced by Bond Bank director Deron Kintner.