Carmel’s Palladium subsidy multiplies
The city of Carmel will subsidize its new performing arts complex to the tune of $5.5 million this year, nearly triple the amount provided last year.
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PROXY CORNER: Cummins Inc.
Cummins Inc., 500 Jackson St., Columbus, Ind. 47202 (www.cummins.com) designs and manufactures diesel engines for automotive and industrial markets.
Mayoral race draws gifts from outside city, state
About a third of the money that flowed to Indianapolis mayoral candidates Greg Ballard and Melina Kennedy in the most recent fundraising cycle came from donors not eligible to vote in the election.
UPDATE: Feds say state can build debated stretch of I-69
A federal highway administrator says no one can stop the state from building a hotly debated section of the Interstate 69 extension in southern Indiana without using federal money.
Cummins Inc. profit soars on huge growth in sales
Cummins Inc. reported a 60-percent increase in third-quarter profit as revenue soared 36 percent over the same quarter a year ago.
I-69 rejection could affect bus service in Bloomington
Buses in Bloomington and on the Indiana University campus could lose funding starting in 2014 if local officials don’t include Interstate 69 in their transportation infrastructure plans.
Hospitals scrambling to buy nursing homes
The hospitals owned by Boone and Hamilton counties are following the lead of Indianapolis-based Wishard Health Services and its parent organization by acquiring far-flung nursing homes, hoping the strategy proves as lucrative.
Carmel mayor’s next goal: Build posh, $32M hotel
The principal developer of Carmel’s City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.
Marketing firm 5MetaCom focuses on clients with technical needs
Owner Chris Wirthwein insists the Carmel firm with growing billings serves Indiana companies within a two-hour drive.
Johnson County eyes fee increases to offset cuts
Residents of a central Indiana county could pay more to own dogs or have work done at their homes and could buy a beer at county-owned property under proposals designed to bolster coffers.
Public universities expect state support to keep dropping
Indiana University President Michael McRobbie last month predicted that IU eventually will get less than 10 percent of its revenue from the state. If public schools get nine out of 10 dollars from somewhere other than public coffers, will they still be public?
Big name in horse racing banned from tracks
Ed Martin Jr., the former car dealer who helped create Indiana’s horse-racing industry, these days isn’t even welcome at the state’s tracks. The Indiana Horse Racing Commission banned Martin after he refused to obtain a license, but he filed a lawsuit in Marion Superior Court last month seeking to overturn the decision.
Solar flop puts energy funding in limbo
Companies promising thousands of green jobs in Indiana are playing a high-stakes waiting game as federal officials consider the fate of at least $600 million in loan guarantees.
Chrysler, UAW agree on new contract
The new four-year contract, which still must be ratified by workers, would create 2,100 jobs. Chrysler also agreed to invest $4.5 billion in its plants under the deal. Last year, the automaker announced plans to spend nearly $1.3 billion to update its facilities in Kokomo.
Honda adding 1,000-worker shift at Greensburg plant
The automaker says it expects to begin the new shift at the Greensburg factory on Oct. 24 in a move that will double the plant's annual production to 200,000 vehicles.
FDA: Cook Medical’s stent met efficacy, safety goals
Peripheral vascular devices, including stents, angioplasty balloons and synthetic grafts, generated $4.3 billion in global revenue last year and may earn $5.6 billion in 2014.
Printing manufacturer to expand in Tipton, create 35 jobs
Bottcher America Corp. will invest $2.1 million to purchase new gear and create a 30,000-square-foot addition to its current facilities.
Feds won’t resolve dispute over extending I-69
Agency says state officials need the Bloomington-Monroe County Metropolitan Planning Organization’s backing to spend federal money on a section of interstate intended link with Indiana 37 near Bloomington.
Greenwood selling old police cars, stoplights
The central Indiana city is planning to sell some old police cars that it had been parking outside banks in hope of discouraging would-be robbers.
Startup dangles visas in return for funding, jobs
A new enterprise in the Muncie area hopes to capitalize on wealthy foreigners’ thirst for U.S. residency.