City Approves Additional Funding For Agencies

The City-County Council of Indianapolis and Marion County is directing $5.5 million to four groups to help seek new investment and create jobs, reports Inside INdiana Business. Indianapolis Economic Development Inc. will receive $3.5 million, the Indianapolis Convention & Visitors Association $1.5 million and the Department of Metropolitan Development and the Office of Education Innovation will split $500,000. The money comes from companies that received tax abatement packages but failed to meet obligations.