Stimulus to brighten city’s traffic lights
The bright lights of Indiana’s largest city are getting brighter—at hundreds of street intersections, anyway.
Government & Economic Development
Articles
Grocery, housing projects could rejuvenate stretch of 16th Street
A troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
Mayor seeks your suggestions
The newly created Indy
Ideas Web site and the Neighborhood Association Council are both intended to encourage participation in local government.
Securities firm Stifel Nicolaus balks at fraud charge
Transactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds
were clients of Jeff Cohen.
Green year for city hall, businesses
It’s been a year since Republican Mayor Greg Ballard launched the City’s Office of Sustainability. On Oct. 6,
Ballard and his sustainability director, Karen Haley, outlined accomplishments in the first year.
House OKs defense bill that funds Rolls Royce engine
Despite a vaguely worded veto threat by President Barack Obama, the House on Thursday easily adopted a major defense
policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next-generation fighter
jet.
Daniels warns of more cuts amid revenue declines
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.
Business inventories fall for 12th straight month
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.
New jobless claims fall to lowest level since January
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.
Controversial downtown project to get tax abatement
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.
Senate bill doesn’t fund Rolls-Royce jet engine
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.
IT consultant up for tax abatement
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.
Proposed Fishers medical park faces uncertain demand
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.
Logistics firm expanding headquarters in Greenwood
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’s Web site, newsletter recognized
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.
Indiana property owners to save more than expected
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.
Council to hear plan for stricter smoking ban
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 officials propose huge medical park
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 wants to trim cost of educating inmates
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 progresses on Carbon Motors deal
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.