A group that plans to host a pitch contest for fledgling entrepreneurs seeking investments made a successful pitch this morning to the Allen County Fort Wayne Capital Improvement Board.
Venture capitalist leads state Democrats | Political notebook journalgazette.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journalgazette.net Daily Mail and Mail on Sunday newspapers.
Bill would mean cash infusion for Coliseum, Grand Wayne
NIKI KELLY | The Journal Gazette
INDIANAPOLIS – The Memorial Coliseum and Grand Wayne Center would see an infusion of cash under a bill passed by the Senate Appropriations Committee Thursday.
It would increase the maximum amount of state tax revenue that can be captured by the city’s Professional Sports and Convention Development Area by $2 million a year. By increasing the cap this allows Allen County to emerge from this pandemic stronger than before and allow the facility to continue to be an economic driver to Fort Wayne and the region, said C.J. Steigmeyer, vice president of finance and chief operating officer at the Coliseum.
City seeking 1% food and beverage tax for projects
NIKI KELLY | The Journal Gazette
INDIANAPOLIS – The city of Fort Wayne is going after a 1% food and beverage tax in the General Assembly, which would be used to invest in future development projects.
Fort Wayne Mayor Tom Henry will make the bid official at a news conference today – hoping to add the city into an existing bill for Hobart in Lake County. Developers want to invest in the city and want us to partner with them, but we don’t have the revenue stream, he said.
Henry considered a local income tax increase but decided that was done too recently for riverfront development and infrastructure improvements.