INSIDE INDIANA BUSINESS: Could Indiana miss brunt of sequestration?

2013-02-21T12:38:00Z INSIDE INDIANA BUSINESS: Could Indiana miss brunt of sequestration?Gerry Dick Inside Indiana Business nwitimes.com
February 21, 2013 12:38 pm  • 

The president of Energy Systems Network believes Indiana's diverse economy makes the state "a bit immune" to the immediate effects of potential massive federal spending cuts. Paul Mitchell, who served as an economic development and energy policy director for former Governor Mitch Daniels, says the state's defense-heavy regions would take the first hit from sequestration. Read More He believes other states would be dealt a bigger blow.

 

Commission Approves New Evansville Hotel TIF District

The Evansville Redevelopment Commission has approved a Tax Increment Financing district to benefit a planned downtown convention hotel. Our partners at the Evansville Courier & Press report Missouri-based HCW Development LLC is still working out details of the project with the city.

 

Tourism Officials Pleased With 2012 Numbers

An Indiana tourism group is hoping for "more good news" this year after a new study reported a 3.5 percent increase in the state's hotel occupancy rate from 2011 to 2012. The Association of Indiana Convention & Visitors Bureaus says major events like the Super Bowl and a stronger corporate market let to the improvement.

 

Historic Anderson Building Sells For $100,000

A prominent building in Anderson has been sold at auction. Our partners at the Herald Bulletin report the Tower Place apartment building has been acquired by a Carmel business owner for $100,000.

 

Hoosier School Advances to National Science Bowl

Students from a middle school in Carmel have qualified for the National Science Bowl in Washington D.C. The team from Creekside Middle School earned the spot by winning the Indiana Middle School Science Bowl and is eligible to compete in the national event in April.

 

First Internet Bancorp Ready For Nasdaq Listing

Indianapolis-based First Internet Bancorp has been cleared to be listed on the Nasdaq Capital Market. Shares are expected to begin trading tomorrow under the symbol "INBK."

 

Programmer Eyeing New Fort Wayne Facility

Fort Wayne-based RetirementHomeTV Corp. is seeking abatement on plans for a new $1 million facility. The Journal Gazette reports the company provides cable services to senior housing facilities based on the shows and channels that residents prefer.

 

Vincennes to Renovate Residence Halls

Two Evansville-based construction companies have landed contracts to renovate residence halls at Vincennes University. The board of trustees has approved two projects at a total cost of $6.7 million.

 

Parking Meters Boost Indy Revenue

The Indianapolis Department of Public Works says the city brought in more than $2.5 million in revenue from parking meters last year. The department says that is more than seven times the amount collected in 2010 before establishing a partnership with ParkIndy to oversee the meters.

 

Bank Association Touts Community Service

The Indiana Bankers Association says a new study shows the state's financial institutions are "deeply involved' in community service. The organization says banks that responded to the survey reported nearly 500,000 hours of community service and approximately $30 million in charitable donations in 2012.

 

Regenstrief Names Informatics Center Director

The Regenstrief Institute in Indianapolis has hired Titus Schleyer to lead the Center for Biomedical Informatics. He most recently served as an associate professor of dental public health at the University of Pittsburgh and was the co-director of the school's Biomedical Informatics Training Program.

 

Grace College Set For New Year of Orthopaedic Master's

Grace College in Winona Lake is preparing for the third year of a master's program focusing on the orthopaedic industry. Orthopaedic Regulatory and Clinical Affairs graduate courses are set to begin in May.

 

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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