City plans to put $80M from utility sale into new fund
The money would be used as a safeguard to help Indianapolis maintain its AAA credit ratings. But Democrat mayoral challenger Melina Kennedy is criticizing the move.
Government & Economic Development
Articles
Westfield company wants to add 178 jobs in Jeffersonville
A subsidiary of Westfield-based Revere Industries LLC could add 178 jobs in Jeffersonville in southern Indiana if it wins approval of a property tax abatement.
Green group: I-69 will drain money from other projects
Indiana's 142-mile extension of Interstate 69 between Indianapolis and Evansville will siphon hundreds of millions of dollars away from other road and bridge projects in coming years, according to a report from an environmental group.
Cummins OK with new federal fuel standards for trucks
U.S. truck makers are expected to improve tractor-trailer fuel economy by about 20 percent by 2018, saving $50 billion in fuel costs over five years and decreasing carbon-dioxide emissions, President Barack Obama said.
City considers tougher ticket-scalping regulations
A proposal in front of a City-County Council committee would require ticket brokers to purchase an annual license to sell tickets within one mile of an event venue.
Fishers named a top suburb for retirees
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.
1,300 Hoosiers eligible for United Financial restitution
Indiana Attorney General Greg Zoeller said more than 1,300 Hoosiers are eligible for restitution from United Financial Systems Corp. in the wake of a court ruling against the Indianapolis-based company. The company also faces at least two class-action lawsuits.
Indiana federal aid target in national debt deal
The federal deal targets "discretionary funding," which is where a good chunk of the roughly $9 billion the state collects from the federal government each year falls.
Stocks go on roller coaster ride after jobs report
Market swings continued all day after a better-than-expected employment report. By the market's close, the Dow was up 60 points, or 0.54 percent, to 11,444.
Indiana counties wrestling with tax overpayment
City and county officials across Indiana are starting to wrestle with how they'll deal with the state's plan to recoup roughly $610 million it overpaid local governments for income taxes it expected to collect.
Goldsmith stepping down as New York deputy mayor
New York City Deputy Mayor Stephen Goldsmith, the former Indianapolis mayor who joined Mayor Michael Bloomberg’s administration last year, has resigned to pursue a job financing infrastructure development.
Franklin Electric moving HQ, 220 jobs to Fort Wayne
Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.
‘Buy local’ law could make projects costlier
A new state law that alters the public bidding process could add complication and possibly millions of dollars to a soon-to-be-bid segment of a massive Indianapolis sewer project.
HICKS: Cuts will come in wake of federal budget deal
It is clear that the agreement to raise the United States’ debt ceiling demands cuts to military budgets, to entitlements and to the vast cornucopia of discretionary spending.
Marion County prosecutor plots white-collar strategy
Terry Curry expects his creation of a task force will start paying off with new cases—ranging from employee theft and investment fraud to political corruption—in the next few months.
U.S. unemployment applications slip slightly
The number of people seeking unemployment benefits dipped last week but has been at or above 400,000 for 17 straight weeks.
City cracking down on noncompliant tax breaks
The city of Indianapolis is seeking to overturn property tax breaks for more than 20 companies that continued to apply for abatement even though they were unable to meet job commitments.
Skillman to lead trade mission to Japan
The lieutenant governor's delegation will will leave in September and focus on job creation.
Global micro lender Grameen ramps up in Indianapolis
Low-income women could receive loans in weeks.
Indiana banks continue quest for tax consistency
Lobby prepares new pitch for next legislative session.