Articles

Recession, lockdown of credit hammers businesses of all sizes

Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central
Indiana felt the pain.

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Tourism chief hired from Seattle

Though few knew what to think when Don Welsh announced in June he was leaving Seattle to become Indianapolis Convention &
Visitors Association CEO, he’s shown he didn’t come here to simply wind down his career.

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Fund to fuel ethanol use out of gas

A state fund supporting an 18-cent-a-gallon tax credit for gas stations selling E85 ethanol was exhausted in the first three
months of the state’s new fiscal year.

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Tax caps thrill homeowners, assessments chill businesses

Soaring property taxes were arguably Indiana’s biggest problem in 2007. In 2008, the Legislature approved property tax caps
as a solution. But because the caps haven’t been implemented, debate is still raging over the consequences the caps will have
for local governments and whether they should be made permanent.

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Businesses on MLK give revitalization another shot

The newly organized MLK Business Revitalization Association aims to bring new life to the neighborhood west of downtown by
uniting area business owners behind a common goal — cleaning up the community to attract other entrepreneurs.

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Struggling City Market loses subsidy

Indianapolis Mayor Greg Ballard has notified the City Market that the financially strapped city is phasing out its subsidies
to the historic downtown fixture, which account for one-quarter of the market’s nearly $1 million budget.

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Something to think about as a new year dawns

I think about the economic crisis, the housing crisis, the climate crisis, the energy crisis, the automotive crisis, the Middle
East crisis, the education crisis, the college affordability crisis and all the other crises — real, imagined and manufactured
— and I wonder whether they’ll drive us to the precipice, or even the apocalypse, and whether we’ll change at the last
minute, and, should we survive, whether we’ll remember what we want to forget or forget what we want to remember.

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Arts advocates seek money from Indy government

The Arts Council of Indianapolis is leading talks with city councilors, Deputy Mayor Nick Weber and the chiefs of top cultural
organizations about how to create a bigger pot of revenue for the arts.

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