Lawmakers, AG seek more oversight of casino grants
CONNERSVILLE, Ind. (AP) -- Indiana officials want more oversight of a grant program that distributes riverboat casino revenue to communities for economic development.
Republican Sen. Jim Banks of Columbia City and Attorney General Greg Zoeller say the state needs to better track how money from a Lawrenceburg program is spent.
They spoke out after an Indianapolis Star investigation found that Lawrenceburg was awarding $10 million a year to startup companies that in many cases failed to deliver on their promises to create jobs.
Carbon Motors is a prime example. The company pledged in 2009 to make high-tech police cars and create more than 1,000 jobs at a shuttered Visteon Corp. plant in Connersville. It received $7 million in grants but never produced any jobs and has since pulled up stakes.
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