Economic development: Today's news from the Indianapolis Busines Journal

These just in from the IBJ's e-mail alert:

Tipton County to reimburse for costs related to $560M plant
Expenses that DaimlerChrysler and Getrag Corporate Group are incurring related to their $560 million transmission plant going up in Kokomo will be reimbursed by Tipton County through the sale of bonds, according to an agreement between the parties. A story in yesterday's Kokomo Tribune said the agreement was disclosed Monday after being approved by Tipton County commissioners; it must still be approved by other city and county groups. Included in items to be reimbursed for are the land and infrastructure development costs.

Infrastructure work begins for massive Pfizer expansion in Terre Haute
Engineering design work began Monday for more than $4 million in public infrastructure improvements needed for expansion of Pfizer Inc.'s Terre Haute operations. Pfizer's $330 million expansion will support its inhaled insulin Exubera, which has been having disappointing sales, causing the company to temporarily halt production earlier this year. Water service also is being expanded. Bonds, which will be repaid from taxes paid by Pfizer, will fund the infrastructure improvements.