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.
