Indiana Gov. Mitch Daniels warned Thursday morning that more state budget cuts could be forthcoming in light of a prolonged
drop in
tax collections. Indiana collected $3.3 billion in total revenue during the fiscal first quarter, 14 percent less than the
same period last year.
Businesses reduced inventories at the wholesale level for a record 12th consecutive month in August, although in an encouraging
sign, sales jumped by the largest amount in 14 months.
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early
January, as layoffs eased a bit amid a fledgling economic recovery.
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
The measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key
jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into
a final version.
A city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant
Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
Fishers development officials hope to create a huge cluster of medical and research facilities near Interstate 69’s Exit
10, near St. Vincent Medical Center Northeast, but local real estate experts disagree about the amount of potential demand
for such a development.
Greenwood-based Avram Worldwide said today that it will expand its headquarters and distribution operations in the city, and
plans to create 78 jobs by 2013.
Indy Partnership has been chosen to receive three Excellence in Economic Development Awards today at the International Economic Development
Council’s annual conference in Reno, Nev.
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
A proposal that would prevent smokers from lighting up in all indoor public places in Marion County is expected to meet fierce
resistance from bar owners who oppose a stricter smoking ban.
Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69’s Exit 10
Wednesday
night at the town’s regular council meeting.
Indiana’s efforts to cut the cost of educating prison inmates could increase competition among the state’s colleges, with
Ivy Tech leading the way. The State Student Assistance Commission is considering capping the amount it spends on state prison
inmates at $120 per credit hour, prompting colleges already facing strapped budgets to worry about keeping their contracts
with the Department of Correction.
Connersville Mayor Leonard Urban says the city soon will clear legal and environmental hurdles that stand in the way of Carbon
Motors’ launching its operations in the former Visteon plant.
Noblesville Mayor John Ditslear has fired the city’s economic development director, Kevin Kelly, after Kelly had
been on the job for about two years.
Data management firm Perpetual Technologies was one of 15 firms nationwide to get Secretary of Defense award.
Proposed changes to teacher licensing rules are a threat in the eyes of most deans of Indiana’s colleges of education—both
to the quality
of
teacher training and to the budgets of the colleges.
Officials grappling with a water utility deep in debt and a sewer infrastructure needing upwards of $2 billion in
upgrades were swamped with proposals about how to fix the mess.
Business and people now, and in the future, will choose to locate
in places that have the right mix of taxes and public services.
A founding partner of an Indianapolis architectural firm this month plans to formally announce his Democratic bid for Indiana
secretary of state.
