INSIDE INDIANA BUSINESS: Food and beverage tax faces key vote

2013-12-02T12:25:00Z INSIDE INDIANA BUSINESS: Food and beverage tax faces key voteGerry Dick Inside Indiana Business
December 02, 2013 12:25 pm  • 

The Fishers Town Council will vote tonight on two economic development proposals. Council President John Weingardt tells Inside INdiana Business, if approved, a 1 percent food and beverage tax would give the Hamilton County town "another club in the golf bag" to seek additional economic opportunities. The final vote comes as another significant piece of downtown revitalization goes before the council. Meyer Najem Corp. wants to build a new headquarters and create close to 20 jobs. Weingardt believes it is "crucial" for Fishers to build a vibrant downtown.

Allegion Hits NYSE

Allegion PLC, a spinoff from Ingersoll-Rand PLC, has made its debut today as a publicly-traded company on the New York Stock Exchange. The security products company is headquartered in Ireland, but has U.S. corporate operations in Carmel. Allegion executives are slated to ring the opening bell next Monday on the New York Stock Exchange.

Study to Highlight Recycling Job Creation Potential

A study to be unveiled this week suggests additional recycling efforts could lead to thousands of jobs in Indiana. Research from the Bowen Center for Public Affairs at Ball State University claims 66 percent of what Hoosiers throw away could be used as raw material by Indiana manufacturers. The full study will be released Wednesday.

Lilly Part of Massive Diabetes Survey

Indianapolis-based Eli Lilly and Co. is partnering with Boehringer Ingelheim on what is being called the largest multinational survey of its kind. The research will involve thousands of participants in more than two dozen countries and investigate the effects of early conversations between Type 2 Diabetes patients and their doctors.

Purdue Joins Clinton Global Initiative Consortium

The Honors College at Purdue University is now part of the Clinton Global Initiative University Network. The university has joined more than 50 other schools pledging $500,000 to support student innovators focusing on global challenges, including education and public health.

State Senator to Retire

Longtime State Senator Johnny Nugent is retiring from the chamber. He has decided not to run for re-election saying "it's time to pass the torch." The former majority floor leader was first elected to the Indiana State Senate in 1978.

Funding to Help IU Attract, Support STEM Students

Indiana University has received more than $600,000 from the National Science Foundation to attract and retain undergraduate students in science, technology, engineering and math-related fields. Most of the funding will directly support scholarships.

Lilly Endowment Funding to Help Future Ministers

Indianapolis-based Lilly Endowment Inc. has announced more than $12 million in funding to help theological schools throughout the country deal with student debt-related issues. The endowment says some seminary graduates are burdened with loans of more than $100,000.

State Announces New CFO

The Indiana Department of Revenue has named Valerie Hunt chief financial officer. She has served as the department's deputy controller and will succeed Mike Ashley, who is retiring at the end of the year.

Hill-Rom Appoints Key Executive

Batesville-based Hill-Rom Holdings Inc. has named James Saccaro chief financial officer. He most recently served as a vice present with Baxter International Inc. Hill-Rom's previous CFO left this year for a New Jersey-based company.

Women's Business Organization Names Indiana Director

A Midwest organization that provides support for women and minority owned businesses has a new Indiana director. Women's Business Enterprise Council-Great Lakes says Felecia Roseburgh will oversee programs to help certify women business owners and create business opportunities.

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