Democratic gubernatorial candidate Jill Long Thompson promises to buoy Indiana’s slumping rural counties with a three-tiered
incentive plan. Republican Gov. Mitch Daniels has a different vision for stoking the state economy. He wants to build on Indiana’s
strengths–such as world-class research at universities–to innovate and create jobs.
Most of Indiana’s 100 House districts are strongly Democratic or strongly Republican. That means control of the House of
Representatives will come down to a handful of battleground districts–probably fewer than a dozen, political experts say.
Mayor Greg Ballard worries his predecessor, Bart Peterson, may have overreached with his ambitious tax-increment-financing
district for the last phase of Fall Creek Place. That phase of the renewed urban neighborhood isn’t producing enough revenue
to support its $6.2 million in outstanding bonds. And Ballard is not sure all of Marion County’s 37 other TIF district are
necessary, either.
Regional economic development experts say cities must woo talented 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.
Cities and counties are looking for alternatives to asphalt as the price soars for the oil-based material and threatens
to bring paving projects and contractors skidding to a halt. The city of Indianapolis may have just found
one viable alternative that goes down like asphalt: roller-compacted concrete, or "rollcrete."
Republican Gov. Mitch Daniels is building his campaign for re-election in part on another attempt to cash in a jackpot on the Hoosier Lottery. This time, he’s hedging his bet. In case leasing the Hoosier Lottery outright to a private operator is politically impossible, Daniels is exploring a major bond issue backed by its future revenue.
State environmental regulators are catching an earful for what some businesses complain is a rush to aggressive new rules
for remediating land contamination. Developers worry the Indiana Department of Environmental Management’s proposals, which
could require comprehensive site cleanup, will discourage brownfield redevelopment, especially the reuse of tainted-but-valuable
land in urban areas.
Cleaning crews are wiping construction dust from the 63,000 seats in Lucas Oil Stadium, prepping for the public’s first peek at the $720 million venue Aug. 16. But the hard work is only beginning for the city’s Capital Improvement Board, the entity charged with operating the stadium. The fumbling point: CIB is anticipating a $20 million operating deficit for Lucas Oil Stadium in 2009.
After Mayor Greg Ballard’s upset victory at the polls last November, local arts leaders were in a panic. They worried the
no-nonsense former Marine would put public safety on a pedestal and slash Indianapolis’ funding for cultural groups.
Marion County economic development officials are proud of their latest headquarters attraction. Bowen Engineering Corp.
will inject 103 high-paying jobs into the Indianapolis economy immediately. And over time, the company expects
to add another 138. Their average salaries will top $70,000. The deal didn’t require Mayor Greg Ballard
to travel to Japan, or even to another state. Bowen Engineering is moving all of 8.4 miles, from its former
home in Fishers to the 8800 block of North Meridian Street.
Several landmark commercial properties fronting Interstate 465 on the northeast side could be in the path of bulldozers
when the state begins adding lanes as early as 2012. Memos prepared by a consulting firm to the Indiana
Department of Transportation go as far as estimating acquisition prices for buildings, including that of
country station WFMS-FM 95.5 and other Cumulus Media stations at 6810 N. Shadeland Ave.
On June 15, the Indiana Chamber of Commerce, which represents more than 4,800 businesses around the state, filed a federal
lawsuit against the upstart Indiana Christian Chamber of Commerce. The complaint alleges trademark infringement, unfair competition,
counterfeiting and forgery.
There was a time when residents of Meridian Kessler, Butler Tarkington, and Broad Ripple viewed North Meridian Street as a
connection between their neighborhoods. These days, the road feels more like a divide-an intimidating commuter highway between
downtown and the northern suburbs that discourages pedestrian and bicycle traffic. A partnership of community groups including
the Meridian Street Foundation is hoping to change that by giving the neighborhoods a collective identity–Midtown–and mixing
private and public money to fund major infrastructure improvements.
Williams Randall Marketing Communications pulled a surprise victory by snatching the $2.5 million Indiana Office of Tourism
Development advertising account away from incumbent Hirons & Co. and eight other bidders, most of which were larger than Williams
Randall. The two-year contract starts July 1.
For Indiana’s life sciences companies to flourish, they need to get better at romance. Helping companies meet, greet, date
and deal is the idea behind a new Web portal being built by the Indiana Economic Development Corp. to match startups with
in-state vendors, suppliers, investors or people who can help them.
The topic of health care sparked the most spirited comments from business leaders interviewed by IBJ ahead of the May 6 presidential
primary. When asked whether they thought Barack Obama or Hillary Clinton would be better for business, executives in manufacturing,
exporting, computer technology, logistics and education largely demurred.
Indiana’s business community is divided in its support during this presidential election. Many Republicans are disenchanted,
which has contributed to slow contributions to their candidate, Arizona Sen. John McCain. But those looking to support Democrats
are torn this year, as the fierce competition between Clinton and Obama has made Indiana’s normally sleepy May primary a battleground.
Local governments plan to throw Steak n Shake Co. a life raft of incentives worth about $275,000 to help the struggling chain
keep its headquarters in Indianapolis. The company has quietly agreed to retain about 180 employees here in exchange for a
$200,000 state training grant and a five-year personal property tax abatement worth about $75,000.
Sales of specialty license plates benefiting colleges, not-for-profits and other Indiana organizations fell by nearly a third
last year after the state unveiled “In God We Trust” tags as a free alternative to the lime-green pastoral fields plates reviled
by many motorists.
Many Indiana school districts say they have no choice but to brace for cutbacks in areas like school repairs, computers and
transportation thanks to the property tax reform measure approved by the General Assembly and signed by Gov.Mitch Daniels.
