Commerce secretary will remain company CEO
INDIANAPOLIS (WISH) — Indiana’s new secretary of commerce on Tuesday said he is putting procedures in place to prevent conflicts of interest with the company he runs.
Chuck Goodrich, who succeeded David Adams as Indiana Secretary of Commerce on Monday, has been president and CEO of Fishers-based Gaylor Electric since 2014. He said on Tuesday he will continue to serve in that role.
Records from the Indiana Economic Development Corporation show Gaylor Electric has two active state incentives: a $1.3 million Economic Development for a Growing Economy tax credit and a $200,000 Hoosier Business Investment tax credit, both of which commit the company to adding 140 jobs. The company also has several state contracts, including providing some services at the Statehouse. Rep. Ed DeLaney and Sen. Fady Qaddoura, both Indianapolis Democrats who have questioned the IEDC heavily in their capacity as members of the State Budget Committee, said Goodrich’s decision to continue serving as the CEO of Gaylor Electric creates a very serious potential conflict of interest…