Indiana Grain Company, LLC

Posted: 12/06/11

By: tomgrisafi

It's a like a Jennifer Lopez marriage... on again... off again.

The latest buzz in the financial world is that the CME is moving to Indiana.

According to the Indianapolis Star on Tuesday, Indiana could gain hundreds of high-paying jobs and tens of millions of dollars in tax revenue if the Chicago Mercantile Exchange Group follows through on an idea discussed with Mayor Greg Ballard on Friday: moving the world's largest futures-exchange group to Indianapolis.

However, it's unclear how serious CME is about moving, or whether it is just using Indianapolis in a high-stakes bluff with Illinois over that state's raising of corporate taxes.

"I think it would be a tremendous win for the city, but it's preliminary right now," Ballard said Friday evening. "They're looking at other places, too. They know how we're going to be flexible to try to accommodate all their needs, but the decision's up to them, and I don't want anybody to get the impression that anything's immediate."

CME Group spokeswoman Laurie Bischel confirmed the meeting occurred but offered no further comment.

Source: Indianapolis Star

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