The gubernatorial candidates disclose their property and business interests

The gubernatorial candidates disclose their property and business interests

Hoosiers vying to become Indiana’s next governor have disclosed their property and business interests on financial disclosure forms due this month, although one leading Republican candidate has yet to file.

Candidates for statewide elected office, including governor, are required by Indiana Code to file financial disclosures by February 1, or before filing documents declaring their candidacy, nomination or intent to run.

U.S. Senator Mike Brown, a Republican, said he owns farms and timberland in eight states and is involved in the farming company Maple Land LLC. Filers must report interests in land worth more than $5,000 or at least 10% of their net worth.

Brown also reported holding at least $10,000 in stock or stock options in his former employer, Meyer Distributing and Meyer Logistics. He and his wife also own shares in four banks: Freedom Bank, German American Bank, JP Morgan Bank and Springs Valley Bank & Trust.

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Republican Lt. Gov. Suzanne Crouch said she has no such interests in property, businesses or partnerships. But he owns shares or options in Amazon, Google’s parent company Alphabet and tobacco company Philip Morris.

Fort Wayne businessman Eric Doden, a Republican who heads the state’s economic development agency, said he owns a condo unit in downtown Indianapolis. He noted that he works for Domo Ventures, a real estate development company he co-founded.

Doden also said he runs two sole proprietorships or professional practices: downtown-focused developer Pago USA and Seine Development Company. He additionally listed several real estate partnerships: Domo Development, Domo Ventures, Maumee Development and Cumberland.

Wife Maci also serves on the board of family services nonprofit New Mercies Ministries and owns stock or options in nine companies, according to the filing. These include Alphabet, Apple, Berkshire Hathaway, Charles Schwab, JP Morgan Chase, Microsoft, Nike, Tesla and United Health Group.

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Jennifer McCormick announces her candidacy for governor in 2024. (Photo by Casey Smith/Indiana Capital Chronicle)

Former Attorney General Curtis Hill — who was reprimanded by the state Supreme Court in 2020 for battery — reported no interests in property, partnerships or stocks. He cited his work for Maverick Consulting and his own legal experience.

However, one of the top five GOP candidates was absent. Brad Chambers, the businessman who most recently headed the quasi-public Indiana Economic Development Corp., had not been reached by Monday afternoon.

He has until Friday to file a statement before his formal petition to run.

Democrat Jennifer McCormick similarly showed no interest in property or stocks. Instead, he reported on his consulting, beekeeping and rental property business: Fierce Up! Leadership wrote that Mac Bee’s and Tmac and Jmac Properties – but the latter two limited liability corporations are not active.

McCormick further stated that she or her husband earned at least 33% of their non-public income from Equitable Education Solutions and Gibraltar Design. He chairs the board of an architectural firm.

None of the petitioners reported any business dealings with the governor’s office involving gifts.

Libertarians choose a gubernatorial candidate at the convention, so a candidate from that party will file after being elected.

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