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  • Owens-Brockway gets $12.2 million tax abatement for new equipment
    Mar 10, 2010 — The Herald Bulletin
    Bostic said. The company responded that 8 percent of its staff of 216 are minority employees. Council members voted to cap the abatement at $15 million. Councilman Gary Gustin voted to approve the abatement but said he'd like the council to reduce the 10-year term of abatements in future requests. Owens-Brockway abatement by the numbers Tax abatement: $12.2 million Abatement term: 10 years Taxes lost by county: $851,065 Taxes...
  • BRIEF: Rotary to host Earth University students
    Mar 9, 2010 — The Lebanon Reporter
    They will visit the Monsanto Co.'s (NYSE:MON) seed research laboratory at 228 W. CR 700 S, Lebanon.
  • Carmel scales back its building boom
    Mar 9, 2010 — The Indianapolis Star
    ...in Indiana, Carmel has long been a bastion of growth, fueled partly by the vision of its four-term mayor, Jim Brainard. He unveiled his plans to build a new downtown 13 years ago, and City Center began to take shape a few years later with a mix of homes, offices, retail and restaurants a few blocks south of Carmel's old downtown. By year's end, Pedcor will have reshaped Carmel's skyline with five new buildings -- 256,000 square feet of retail, office and residential space, and a...
  • Chandler restructuring a go
    Mar 9, 2010 — Goshen News
    The committee formed its plan in September and then presented it to the school board. Those forms will be collected by March 15.
  • City complex plans proceed
    Mar 9, 2010 — The Times
    The only agency that won't relocate is the street department. A low-interest general obligation bond will fund the complex.
  • Corporate tax breaks not always a break for city
    Mar 9, 2010 — The Indianapolis Star
    Navistar filed for property tax abatement on the new machines. By 2009, the abatement totaled $18 million per year. Property taxes are abated generally for 10 years. That's when Fort Wayne tried to save an 11,000-employee Harvester truck assembly plant.
  • Crown Point, Ind., to draft turbine guidelines
    Mar 9, 2010 — The Times
    The VCR used to be $1,500," noted commission member Bill Feder, who said he thought the amendment should include a minimum height for the structures.
  • Governor proposes commission with Illinois to coordinate expressway project
    Mar 9, 2010 — The Times
    A private company would pay to build the road and be allowed to collect tolls for its use. Pat Quinn on Thursday to tell him Indiana is ready to go on the Illiana.
  • Legislators hopeful about end of session
    Mar 9, 2010 — The Herald Bulletin
    Scott Reske, D-Pendleton, agrees. "It's a red herring. The state pays for the teachers and operations. What (the bill) does is allow property taxes going to schools, they can use a certain amount of that for teacher salaries.
  • Logistics startup logs diverse investors
    Mar 9, 2010 — The Indianapolis Star
    Plainfield's infrastructure makes it ideal," Lewis said. The company will invest up to $10.8 million to lease and equip the facility.
  • Principal Profile
    Mar 9, 2010 — Goshen News
    Educators are shifting their thinking about teaching and learning. We spend six hours a day teaching, but what really counts is whether the students are learning. There are state and national academic standards that are becoming more rigorous.
  • EDC Stares Into The Future Of City, County
    Mar 8, 2010 — Greensburg Daily News
    They explained the many factors companies consider in relocating or opening a new location. Successful communities are organized for success and have community cohesion that creates a unified image to potential projects. Herron also noted that signage is important in helping those from outside the community to navigate through it.
  • Water plant complete after delays
    Mar 8, 2010 — Kokomo Tribune
    The wastewater treatment plant capacity was increased from 60,000 to 125,000 gallons per day in July 2007. In exchange, the trust won't appeal the assessed value of the building. --Ken de la Bastide is the Kokomo Tribune enterprise editor.
  • What in the world is a UEZ?
    Mar 8, 2010 — The Evening News and The Tribune
    ...zone -- can deduct half of their income earned in the UEZ, up to $7,500, on taxes. That particular deduction only applies downtown because no one lives at River Ridge Commerce Center. There are loan interest credits available to financial institution that make loans to business and residents within the zone. And there are credits available for investors in UEZ businesses -- for example a taxpayer that buys ownership interest in a businesses located within the zone. Appropriate...
  • Debt to some degree
    Mar 7, 2010 — The Indianapolis Star
    Graduating people are turning to graduate school because they can't get a job. Unfortunately all these things are causing people to incur more debt." College debt is at an all-time high. After all, the aid is available, said Elizabeth Crouch, a commission spokeswoman.
  • Bridge tax reinstated
    Mar 5, 2010 — The Evening News and The Tribune
    The commissioners approved an ordinance reinstituting the county's cumulative bridge fund at a rate of 3 cents per $100 of assessed valuation. A cumulative bridge fund that was previously in effect in the county was cited as one of the reasons the county's general fund had shrunk, according to consultant Dan Eggermann. "The failure to have this fund, to the extent of the 1984 cumulative fund levy, and our failure to do that resulted in the general fund reduced by $308,895," said...
  • Change in direction
    Mar 5, 2010 — Pharos-Tribune
    If needed, school start times will be altered he said. One parent wondered what the added cost of shuttles would be. I'm not interested in the best of bizarre right now." --Jennifer Tangeman is a reporter for the Pharos-Tribune.
  • Dow AgroSciences to invest $340M, add nearly 600 jobs in next 5 years
    Mar 5, 2010 — The Indianapolis Star
    Dow AgroSciences is now a midsize player, with annual sales of about $4.5 billion. But it wants to push harder. The goal is to help farmers grow better crops, while managing weeds and bugs. Dow AgroSciences researchers examine thousands of molecules, proteins and genes each year in the process of launching a handful of new products.
  • Tipton moves to create ED group
    Mar 5, 2010 — Kokomo Tribune
    ...to the trust over a period of years. Those funds would allow the trust to lower the price of the building to the potential buyer. Getrag Transmission Manufacturing and Chrysler LLC announced plans in 2007 to construct the $530 million facility in Tipton County for the manufacture of transmissions for Chrysler. In 2008 the partnership fell apart after Chrysler filed suit against Getrag over financing for the plant. Getrag Transmission Manufacturing later filed for bankruptcy...
  • BRIEF
    Mar 4, 2010 — The Indianapolis Star
    Young at Heart, 12800 N. Meridian St., Suite 175, plans to invest $1.6 million in manufacturing and information technology equipment at its new Carmel headquarters and distribution facility. The average salary for the new jobs is $50,000. The Carmel City Council on Monday agreed to give the company a personal property tax abatement valued at about $18,000 over 10 years.
  • Carmel pharmacy gains tax break, plans to add 116 jobs
    Mar 4, 2010 — The Indianapolis Star
    The average salary for the new jobs is $50,000. Founders Erik Young and Barry Hart serve about 200 customers now and hope to grow that base to 900 by May. With those goals, they know they will outgrow their current 3,400-square foot leased facility. The Indiana Economic Development Corp. also offered the company $1 million in performance-based tax credits for job creation over 10 years and up to $45,000 in training grants.
  • Cumberland study to explore potential for business growth, building tax base
    Mar 4, 2010 — The Indianapolis Star
    ...town lying in Hancock County. Cumberland straddles the Hancock-Marion county line. More businesses in Cumberland would mean lower property tax rates for homeowners, she added. "The diversification of the tax base with commercial and industrial properties would result in lowering the overall taxes for residential property owners," Owens said. Officials might also study prospects for the western portion lying within Marion County, she said, although that half of town is...
  • Life sciences firm announces expansion
    Mar 4, 2010 — Hendricks County Flyer
    And Indianapolis is the site of one of its bigger expansions. Dow AgroSciences last Thursday announced plans to expand its global headquarters on the city's northwest side.
  • Time's running out -- or is it?
    Mar 4, 2010 — The Indianapolis Star
    That issue is of top importance to Republicans. But with the economy still struggling, legislators fear that the increase will only cause more layoffs and hiring freezes. The Senate passed legislation to delay the increase for one year. The House amended the bill to repeal the tax increase and other unemployment changes enacted with it last year.
  • Critics
    Mar 3, 2010 — The Indianapolis Star
    Umbaugh warned, as more of the commission's funds are tied up in debt payment. Brainard said the commission has been spending surplus money to complete projects, because it knew it would have less money available this year and beyond. He said it's prepared to cut back. "We do not have obligations anywhere near that $2 million," Brainard said, pointing out that Umbaugh's report was "very positive" and shows that the city's system of financing the commission with commercial taxes...
  • EACS board eyes $4M in budget cuts
    Mar 3, 2010 — The News-Sentinel
    I don't know that that's the change we need to make. I'm not about closing a high school. Mitch Daniels sliced $300 million from K-12 spending statewide -- would ease the district's now-strapped general fund, which sits at $9.6 million and which provides salaries and benefits for all employees.
  • Financial aid, scholarship meeting set for Friday
    Mar 3, 2010 — Goshen News
    The event is open to all students, not just those attending Goshen schools. Evan Bayh to address the low graduation rate in Indiana. It cannot be taken away, even if parents' income rises, and the only stipulation for approval is the household income level.
  • Full steam ahead?
    Mar 3, 2010 — Zionsville Times Sentinel
    Some people were upset, but it's critical that we have this discussion." Estimates on the total project's cost are as high as $6.7 billion. I like the idea of a bus connecting into a light rail.
  • Illiana headed to governor's desk
    Mar 3, 2010 — The Times
    This is exactly what we've been advocating a long time." Standing before the Senate on Tuesday afternoon, state Sen. Scott Pelath, D-Michigan City, and state Rep. Steven Stemler, D-Jeffersonville. The Illiana proposal nearly died several times in the House when lawmakers from outside Northwest Indiana tried to wedge their issues into the legislation.
  • Lear to hire hundreds for Hammond expansion
    Mar 3, 2010 — The Times
    The automaker's Chicago Heights stamping plant also will support production of the SUV. I believe the decision to expand here is a result of the collaborative efforts between Lear and the city. Ford had 17 percent of U.S. market share last month. Net sales stood at $9.7 billion worldwide, down from $13.6 billion in 2008.
  • Wenning sets sights on Statehouse
    Mar 3, 2010 — The Rushville Republican
    They are out there in the townships and they are closest to the people they represent. I don't think that a single elected official would have the kind of individual knowledge that is needed. I also know of several who help people find work so they can repay the township for the assistance that they've been given.
  • House Dems, GOP both claim victory on Illiana
    Mar 2, 2010 — The Times
    The measure, which initially allowed only the Illiana Expressway to be built as a public-private partnership, was amended to include similar projects on the Indiana-Kentucky border. Terri Austin, D-Anderson, tried to change the Illiana legislation to include new rules for all public-private partnership deals in Indiana. Why are we doing this?' " Bauer eventually handed control of the legislation to state Rep.
  • Illiana one step away from going to governor
    Mar 2, 2010 — The Times
    Indiana Senate is poised to take a final vote this week that would send legislation authorizing the Illiana Expressway to the governor. State Sen. Ed Charbonneau, R-Valparaiso, told The Times on Monday he is planning to ask the Senate to agree to the changes made by the House to Senate Bill 382. "Let's just get it done," said Charbonneau, the Senate sponsor of the Illiana proposal. In its version of the legislation, the House voted to require additional public hearings,...
  • Indiana jobs-creation provisions are in peril
    Mar 2, 2010 — The Indianapolis Star
    Peggy Welch, a Bloomington Democrat who has championed the Mississippi program as one Indiana should emulate, said she wasn't surprised by Long's decision.
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