Catellus Development Corporation
Catellus Development Corporation
Catellus Development Corporation is an Oakland, California based real estate developer founded in 1984 to be the real estate division of Santa Fe Pacific Corporation, as part of the Santa Fe-Southern Pacific merger. It was spun off into its own company in 1989, after the two railroads split. Catellus created contemporary developments throughout California, including the East Bay Bridge shopping center and Bridgecourt apartment complex in Emeryville in the San Francisco Bay Area. Catellus was also a proponent of the Emery Go-Round tram network
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Indiana Economic Development Corporation
The Indiana Economic Development Corporation is a body corporate and politic (i.e., a public-private company) in Indiana that focuses on encouraging business to set up shop or expand their existing operations within the state with tax benefits, grants, and other incentives authorized by the state. When Mitch Daniels was elected Governor of Indiana, he stated his number one priority was job creation. To achieve that goal, he created the quasi-public Indiana Economic Development Corporation (IEDC), became chairman of its board, and ordered it to "act at the speed of business, not the speed of government" to attract new jobs. During its first year, the IEDC closed more transactions than similar efforts had during the previous two years combined. Between 2005 and 2008, 485 businesses committed to creating more than 60,000 new jobs and investing $14.5 billion into the Indiana economy. In 2006, the IEDC topped its 2005 results. It landed three high profile automotive investments from Toyota, Honda, and Cummins. In 2007, the IEDC announced its third consecutive record-breaking year for new investment and job commitments in Indiana with its largest deal being made with BP to construct $3.2 billion in facilities to assist in recovery of fuel from the Canadian tar sands. Unemployment dropped during Daniels' first years as governor, increased during the 2008 recession, and gradually came back down in the following years. Daniels was able to make progress on his clean energy agenda during his early years in office with support from the Democrats in the General Assembly. Indiana subsequently became one of the leading states in biofuel production with 15 plants, including the world's largest soybean bio-diesel plant. In March 2010, WTHR Indianapolis News published a story claiming that up to 40% of the jobs the corporation reported to have helped create never came to fruition, and questioned the job numbers produced by the IEDC. The news story cited changes in companies' plans as the primary reason for the failures and criticized IEDC's annual report for prematurely claiming credit for the job creation. The IEDC revised the numbers in response to the report and found that 13% of the job commitments they had received had not come to fruition. Starting October 2013, the Indiana Pacers of the National Basketball Association started to use on-court advertising for the company during Pacers home games.
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Tyne and Wear Development Corporation
The Tyne and Wear Development Corporation (TWDC) was established in 1987 to develop land on the banks of the River Tyne and the River Wear in England. Its flagship developments included the regeneration of the East Quayside in Newcastle, Royal Quays in North Tyneside and St Peter's in Sunderland. During its lifetime 10,700,000 square feet (990,000 m2) of non-housing development and 4,550 housing units were built. Around 33,707 new jobs were created and some 1,115m of private finance was leveraged in. Circa 1,287 acres (521 ha) of derelict land was reclaimed and 24 miles (39 km) of new road and footpaths put in place. The Chairman was Sir Paul Nicholson and the Chief Executive was Alastair Balls. It was dissolved in 1998. The legacy of TWDC remains controversial within the region in particular in Sunderland where it is believed the investment in services and leisure opportunities in Newcastle where the corporation was based was not matched in the rest of the region. The Corporation also invested heavily in developing the Tyne and Wear Metro system although this did not get extended to Sunderland until after the Corporation was shut down.
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Indian Railway Stations Development Corporation
The Indian Railway Stations Development Corporation (IRSDC) is a special purpose vehicle (SPV) of the Government of India that has been designed to develop new stations and redevelop existing Indian railway stations. IRSDC is a joint venture between IRCON and RLDA with a 51:49 equity shareholding ratio respectively. IRSDC was incorporated under the Companies Act, 1956 on 12 April 2012. .
