Gov. Mike Pence asked the Indiana Economic Development Corp. on Monday to review its decision to grant $345,000 in economic incentives to a company started by a top Republican lawmaker and his son.
The governor said he wants the IEDC’s board of directors to review the state aid offered to Mainstreet Property Group. The company, which develops senior and assisted living complexes, was co-founded by Republican House Speaker Pro Tem Eric Turner and is run by his son, Zeke.
The IEDC awards tax breaks and grants to foster economic development in the state. Mainstreet was offered conditional jobs tax credits and training grants if it hired additional workers as part of its move from Cicero to Carmel.
IEDC spokeswoman Katelyn Hancock said in a statement that the agency, at the governor’s request, “has placed the letter of intent with Mainstreet Property Group LLC on hold pending a review by the IEDC board of directors."
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See the full article here:
http://www.indystar.com/viewart/20130408/LOCAL01/304080036/Indiana-Gov-Pence-wants-IEDC-review-aid-offered-housing-developer
An earlier post on this abatement can be found here:
http://indianapropertytaxreporter.blogspot.com/2013/04/ibj-reports-senior-housing-developer.html
