Ind. Senate OKs business agency disclosure bill

Indiana Senate backs bill increasing state economic development agency disclosure

Associated Press

INDIANAPOLIS (AP) -- Indiana's business recruitment agency would face greater disclosure requirements under a bill approved by the state Senate.

Senators voted 49-1 Tuesday in favor of requiring the Indiana Economic Development Corp. to prepare an annual public report on tax incentives provided to businesses and the number of jobs created by their projects.

Bill sponsor Sen. Mike Delph of Carmel says he believes companies who seek government incentives should face greater transparency.

The bill follows a WTHR-TV investigation finding as many as 40 percent of the more than 100,000 jobs promoted by then-Gov. Mitch Daniels and agency officials from 2005 to 2010 never materialized, but the IEDC wouldn't disclose which companies didn't meet their job commitments.

The bill now goes to the House for consideration.

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