Tax abatement could help manufacturer add 43 jobs
The Indianapolis plant of Rexnord Industries LLC is promising to create 43 jobs and retain hundreds more if the city grants
a five-year tax abatement.
Government & Economic Development
Articles
Arts funding maintained in city budget proposal
The Indianapolis arts community is breathing a collective sigh of relief after learning that the city is not expected to reduce
its funding in 2010. The City-County Council will hear public comments tonight on Mayor Greg Ballard’s 2010 budget before
voting on it Sept. 21.
Daniels’ name popping up as potential presidential candidate
Republican Mitch Daniels has repeatedly insisted that his 2008 run for a second term as Indiana’s governor was his last election
and that he’s not interested in the "savagery" of a national campaign.
HHGregg, other retailers await stimulus jolt
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering
rebates on energy-efficient washers, refrigerators and air conditioners.
Fitch strips Indianapolis of prized AAA bond rating
Fitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city’s finances.
ICVA: Stadium’s retractable roof worth the cost
Three music events with direct visitor spending estimated at $28 million that were hosted at Lucas Oil Stadium offer proof,
city officials said, that the expense of the retractable roof and other features of the $720 million facility are paying off.
Shelbyville struggles to reach tech park goals
Despite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state
standards as it was two years ago.
Kokomo plants benefit from ‘clunkers’ program
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler
plants.
WellPoint spent $1.2M lobbying in second quarter
WellPoint Inc., the nation’s largest health insurer based on membership, spent $1.2 million in the second quarter to lobby
the federal government on a variety of health care reform-related issues and other topics, according to a recent disclosure
report.
Fort Wayne mayor still seeking casino referendum
Fort Wayne’s mayor said he still thinks residents should be able to vote on whether they want the city to have a casino despite
the opposition of other local leaders.
Clunkers program a jolt for car sales, not a fix
Now comes the hard part for the auto industry – luring customers without big Cash for Clunkers discounts.
Indiana racinos raise concerns with lawmakers
Officials with casinos at Indiana’s two pari-mutuel horse racing tracks told lawmakers today that taxes imposed on them are
too high and are threatening their viability.
Indianapolis shows up peer cities in attracting the young and educated
Cities must woo people while they’re young—in their 20s or early 30s—because after that age, people tend
to hunker down. The Indianapolis area apparently appeals to at least two key groups of young people—particularly those
already married, according to a new study by researchers at IUPUI.
Veolia appeals regulators’ rate-hike decision
Veolia Water Indianapolis, which manages the city’s water utility, has appealed an order issued by state utility regulators
that limited a major rate increase sought by the city.
CIB OKs budget, but awaits council vote
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the
City-County Council’s approval of a hike in the local hotel tax.
Beverage firm to open Columbus plant
Tipton Mills, a New York specialty beverage company, announced today it will locate a plant in Columbus, Ind., creating
more than 40 jobs.
State gambling revenue expected to stay flat
Indiana’s share of tax money generated by the state’s 13 casinos is expected to remain relatively flat for at
least the next few years, a state fiscal analyst told Gaming Study Committee members this morning.
Chrysler sticks it to Kokomo
Officials in Kokomo and Howard County are in a tough spot. The “new” Chrysler created after its bankruptcy
sale to Fiat contends it‘s no longer on the hook for $12.9 million it owes various local taxing bodies this year and
$12.3 million it will owe next year.
ICVA might take out loan to market city for conventions
The Indianapolis Convention & Visitors Association is so desperate for more marketing funding, the organization charged
with promoting the city as a convention and tourism destination is considering taking out a loan. While that
would be the last resort, ICVA CEO Don Welsh said it is one he will have to consider if the money can’t be raised through
local taxes.
Democrats eager to face Ballard
Several prominent local Democrats are lining up to challenge Republican Mayor Greg Ballard just two years into his first
term.