Business

Business
4:37 pm
Mon September 15, 2014

Statehouse Committee Begins Look At State's Business Tax Climate

The Council on State Taxation's Fred Nicely, who says Indiana doesn't burden its businesses too much with taxes.
Credit Brandon Smith / Indiana Public Broadcasting

Indiana’s Senate budget leader says the legislature needs to focus more on the tax climate for all Hoosiers, not just businesses. 

A study from the Council on State Taxation reports that Indiana’s tax burden on businesses is the lowest of any of its neighbors.  It’s also among the ten lowest in the country. 

The Council’s Senior Tax Counsel Fred Nicely says the one area Indiana could improve is its business personal property tax.

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Business
3:36 pm
Wed August 13, 2014

Local Booksellers Unhappy About Purdue-Amazon Partnership

A pair of philosophy textbooks inside University Bookstore, which sits across the street from the Purdue Union -- future site of an Amazon storefront.
Credit Stan Jastrzebski / WBAA News

At least one West Lafayette textbook retailer says he’s not happy with Wednesday’s announcement of an agreement between Purdue University and Amazon.com.

Tom Frey runs University Bookstore, which sits across the street from the Purdue Memorial Union, but isn’t the school’s official textbook retailer. In the spring, Amazon will open a physical storefront in the Union.

Frey says it’s the latest salvo in an ongoing battle between the internet company and the National Association of College Stores, of which he’s a member.

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Business
6:31 am
Thu July 24, 2014

State Commission Will Continue Debate Over Business Personal Property Tax

A hotel in downtown Terre Haute -- a city whose mayor says the business personal property tax could stifle a budget that has already shrunk by 40-percent due to tax caps.
Credit Paul Sableman / https://www.flickr.com/photos/pasa/6148688399

The next showdown between the state and local governments over the business personal property tax will be at a blue ribbon commission studying the issue this summer. 

Legislation passed this year allows local governments to either exempt new equipment from the business personal property tax, eliminate it on small businesses or abate the tax on specific projects for up to 20 years.  It also created a study committee to examine the business personal property tax. 

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Business
12:51 pm
Mon July 21, 2014

GE Breaks Ground On $100 Million Engine Plant

GE officials and elected leaders turn a ceremonial pile of dirt near where a $100-million factory will sit within two years.
Credit Stan Jastrzebski / WBAA News

Officials from General Electric joined a bevy of elected leaders Monday to break ground on a $100 million plant that will eventually produce jet engines.

The GE Aviation facility is slated to open by 2016 and could start hiring workers as soon as next year.

Lafayette Mayor Tony Roswarski insists because it located in his city, GE won’t face the same dearth of qualified workers many companies are grappling with.

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Business
1:03 pm
Fri July 18, 2014

Jobs Grow In June And So Does State Unemployment Rate

Workforce Development officials say a manufacturing resurgence continues to lead Indiana's job creation efforts.
Credit Cindy Cornett Seigle / https://www.flickr.com/photos/cindy47452/114850653

Indiana added more private sector jobs -- 10,000 of them -- last month than any other June on record.

Indiana Department of Workforce Development spokesman Joe Frank says every major industry sector experienced growth.

Frank says manufacturing – the sector the state is most known for – has been one of the key drivers of the job growth.

"Our growth in the manufacturing sector since July 2009 -- the low point of employment in the state -- we've grown 77,800 manufacturing jobs," Frank says. "That's the second-largest increase in the nation."

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