Two-year delay in tax hike possible
INDIANAPOLIS — The president of the Indiana Chamber of Commerce is “cautiously optimistic” a deal will be reached to delay a tax increase on businesses to support the state’s bankrupt unemployment insurance fund. Kevin Brinegar believes a two-year delay in implementation is the most likely scenario. He says there are still some “differing views” that need to be worked out, including issues such as higher benefit levels, automatic benefit increases and paid family and medical leave.
Dow AgroSciences builds state presence
WEST LAFAYETTE — The president and chief executive officer of Dow AgroSciences LLC tells Inside INdiana Business the company’s recent expansion announcement continues the momentum it has been building at its global headquarters in Indianapolis. Antonio Galindez points to a new research and development building that will open in June, a collaboration with the Purdue Research Park and the addition of more than 150 people over the past year. He says the more than 550 new high-tech jobs are expected to pay between $65,000 and $90,000 per year.
Southern counties get broadband boost
The U.S. Department of Agriculture is awarding Sunman Telecommunications Inc. an $11.3 million grant to fund a major rural broadband project in southern Indiana. The company is proposing construction of a 700MHz Broadband Wireless Access network. Sunman says it will eventually be able to provide service to more than 52,000 households, 11,000 businesses and 135 community institutions.
City tops nation for new investment
ELKHART — A new national study lists the city of Elkhart as the top destination for new corporate investment in 2009 among metropolitan areas with populations less than 200,000. Conway Data Inc.’s New Plant Database also ranks Fort Wayne eighth among metropolitan areas with populations ranging from 200,000 to one million. Overall, the state of Indiana ranks 10th.
Local ownership key for downtown hotel
INDIANAPOLIS — The new owner of the Canterbury Hotel in downtown Indianapolis says customers can expect a unique, “non-corporate” property that will have a local warmth and flavor. Indianapolis entrepreneur Turner Woodard is buying the Canterbury, rescuing the landmark 99-room hotel from an uncertain future. Woodard believes the Canterbury can compete nicely as a locally owned boutique hotel, like those seen in other major U.S. cities.
Gerry Dick’s Inside Indiana Business briefs appear Wednesdays, Fridays and Sundays in The Herald Bulletin. For more on these stories and more Indiana business news, visit Insideindianabusiness.com.
Local Business
Gerry Dick Business Briefs for March 7
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Local man kept Super Bowl books
Brad Bowman didn’t hobnob with Hollywood stars or escort sports notables around Indianapolis. Important as those duties were Super Bowl week, his job as chief financial officer of the host committee was more vital, if less glamorous.
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Susan Miller: In business dining, good taste means more than food
A successful business meal requires more than making a lunch date. A deal can sometimes be sealed over the table, but more often than not, a business lunch provides an opportunity to build rapport and learn about your dining companion’s business.
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Local hair salon raises money to prevent cancer patient hair loss
The owner of a local hair salon is leading the fundraising to bring an experimental treatment that helps chemotherapy patients keep their hair to Anderson.
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Mortgage-fraud settlement money could benefit low-income Hoosiers
Low-income families struggling to pay their heating bills may get some relief from an unexpected source: The multi-billion-dollar settlement from banks accused of abusive mortgage practices.
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Executive director of Second Harvest Food Bank will retire
Lois Rockhill will soon retire as executive director of Second Harvest Food Bank of East Central Indiana, but she’s not the only one full of memories of her 23 years there. Many other people have their own.
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Anderson hires consultant to assess software
The city has hired a consultant to help the controller’s office assess financial software that Anderson has used for many years, but typically has not been effective.
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Bedbugs found at Indianapolis children's hospital
An infestation of bedbugs discovered in a room at the Riley Hospital for Children has been contained, a spokeswoman for the Indiana University Health said Monday.
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Emmett Dulaney: When Twitter backfires
Twitter, that innocuous social media tool that lets users send out 140 character snippets to their followers, is being used more and more as a marketing tool.
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Speedway will acquire 88 GasAmerica stores
Nine area GasAmerica stores will be sold to Speedway LLC of Enon, Ohio, as part of a larger acquisition of Gas America Services Inc., company officials said Monday.
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First Merchants says Shelbyville acquisition will aid bottom line
First Merchants Bank believes its weekend acquisition of a failing Shelbyville bank will immediately add to the financial institution’s bottom line.
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