FSSA announces spending cutsb>
The Indiana Family and Social Services Administration is slashing its budget to deal with revenue shortfalls and an increase in Medicaid enrollment. It is cutting Medicaid reimbursements to hospitals, issuing a hiring freeze and reworking contracts. More FSSA cuts are expected. The reductions do not include a 10 percent cut ordered by Gov. Mitch Daniels for all state agencies.
Lilly’s Paul announces retirement<b>
The executive vice president of science and technology at Indianapolis-based Eli Lilly and Company (NYSE: LLY) has announced he will retire in February. Dr. Steven Paul will also step down from his position as president of Lilly Research Laboratories. Paul first joined Lilly in 1993 and was named to his current role in 2003. The company has named AstraZeneca Executive Vice President Jan Lundberg as Paul’s successor.
Children’s Museum impact increasing
A new study indicates the total direct economic impact of The Children’s Museum of Indianapolis on the central Indiana economy for 2009 is $73.4 million. That is a 20-percent increase since 2005. President and Chief Executive Officer Jeffrey Patchen believes part of the jump can be attributed to the “stay-cation” phenomenon during the down economy, as families take trips closer to their homes in order to save money. He says the museum has a long-term goal of having around 1.5 million visitors annually. He expects 2009 attendance figures to be around 1.2 million.
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
Nov. 14: Gerry Dick Business Briefs
- Local Business
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Volunteers needed for Daffodil Days benefit
The American Cancer Society is looking for individuals, businesses and organizations to help with its upcoming Daffodil Days program.
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Susan Miller: Minds made better thanks to lists
Not all lists are created equal. Indeed, there is an art and a science to list crafting.
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Gunman robs Old National Bank
A gunman escaped with money from a southside Anderson bank Tuesday afternoon.
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Emmett Dulaney: The tragedy of the insurance commons
In basic economics, students often hear of the concept of “the tragedy of the commons.” In overly simplistic terms, this is a situation in which many individuals share a limited resource.
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Report: Hoosier Park leaves economic mark on county
Tourism has become big business in Madison County and Hoosier Park Racing & Casino is the star attraction, concludes a recent report from the Anderson/Madison County Visitors & Convention Bureau.
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Call answered decades later
Ron Cross' family and friends thought he was crazy for quitting a well-established career, but Cross thought there was something better out there for him. And he wanted to set a good example for his children — now 17 and 24 — by going to college.
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Gerry Dick Business Briefs: Feb. 5
A compilation of business news items of local and statewide interest, provided by writer Gerry Dick.
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'Big Joe' Clark: Housing market yet to bottom out
As housing prices slow their massive drop from the highs we saw in 2006, economists and market analysts alike want to have their voices heard when they call for a bottom in the housing market. It just isn’t time yet.
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Rivals back home, friends here
Football fans began arriving here for Super Bowl XLVI on Friday, bringing together complete strangers, families and old fraternity buddies.
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Members accuse city union treasurer of stealing
Over $30,000 in dues is missing from a city union, according to two members.
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Volunteers needed for Daffodil Days benefit
