Skip to content

Tag: economy

INDIANA — The Democrat, incumbent candidate for the U.S. Senate, Joe Donnelly, currently serves on the Armed Services Committee, Banking Committee, Agriculture Committee and the Aging Committee in the U.S. Senate. He was first elected to the Senate in 2012. Mike Braun, Republican candidate for the Senate, was elected to the U.S. House of Representatives in 2014. The election for U.S. Senate will take place Tuesday, Nov. 6.

ELKHART — Today, Wednesday, June 1, President Obama visited Elkhart County for two speaking events. The first event was hosted at Concord Community High School at 3:30 p.m. There, Obama delivered an hour-long speech about what he called the myths and truths of the economy in Elkhart and similar American communities. The speech began with …read more.

WARSAW — A crowd gathered Thursday, Feb. 25, at Creighton’s Crazy Egg Cafe and Coffee Bar to learn about the latest trends in agriculture in relation to the current economic status. The seminar, titled, “Positioning Your Business for the Economic Reset,” featured guest speaker Dr. David M. Kohl, professor emeritus, agricultural and applied economics, Virginia …read more.

ELKHART — Meteorologists have forecasted that weather conditions will be conducive to high levels of ozone pollution.

CNBC has ranked Indiana first in the nation for cost of doing business in its annual “America’s Top States For Business” report. The Hoosier state ranks 13th overall, also scoring well in cost of living and economy. Indiana’s cost of doing business rating is partly due to ongoing reductions in personal and corporate tax rates. …read more.

Although northern Indiana is seeing a cool start to spring, an area farming expert predicts planting season will result in a great yield this year, which may in turn mean lower prices at the grocery store on some items. Matt Bechdol, a specialist in geo-spacial analysis for food and agriculture, feels that food prices may …read more.

Agricultural industries in Indiana account for more than $31 billion in direct sales and nearly $13 billion more in ripple effects such as related supply-chain purchases and spending by workers, according to a new report from Indiana University’s Kelley School of Business. The new report, “Beyond the Farm: A State and Regional Report on the …read more.

Since November 2014, business, philanthropic, academic and government leaders from Indiana cities across Elkhart, St. Joseph, Marshall and Kosciusko counties have been working collectively to identify a short list of bold economic development projects that will help transform the economy of the entire four-county region. Today, the group announced it’s name as Regional Cities of …read more.

Indiana continues to retain its strong leadership position in critical areas of its life sciences industry. According to 2013 data, life sciences exports accounted for $9.8 billion (nearly one-third of Indiana’s total exports), the second highest number in the U.S. (behind only California), exporting $175,000 of products per worker. The state had a workforce of …read more.

“Tonight, on the eve of our bicentennial year, I stand before you as your governor to proudly report that the state of our state has never been stronger,” said Gov. Mike Pence during his state of the state address Tuesday night. “Indiana is on a roll, and I’m not just talking about the Colts.” Pence …read more.

The Indiana State Budget Committee released the December revenue forecast today. The report is projecting modest economic growth in the next three years. “This revenue forecast confirms the growth we are seeing across our state and should be an encouragement to every Hoosier,” said Governor Mike Pence. “While the December revenue forecast projects economic growth …read more.

By MARC RANSFORD Media Relations Manager Indiana added roughly 100,000 net new jobs this year as many of the state’s business sectors expanded at surprising rates, and such growth should continue in 2015, says a recent report from a Ball State University economist. Speaking at the 2014 Economic Outlook Luncheon on Dec. 4, Michael Hicks, …read more.

INDIANAPOLIS – In their annual forecast presented today, Indiana University Kelley School of Business economists were more optimistic than they have been in recent years, suggesting that 2015 could be the best year of economic recovery since the Great Recession. “During the past year, the United States economy has given clear signs that it is …read more.

At the Kosciusko County Redevelopment Committee meeting on May 8, KEDCo President George Robertson had plenty to report on economic growth and the Biomet-Zimmer merger. “We are still on an upward trend in the first quarter,” said Robertson. He reported the employment was going up and unemployment was going down. Average Monthly Employment Kosciusko County …read more.

Ball State economist Michael Hicks says any enthusiasm over February’s employment summary would show just how low our expectations have become in this recovery. The Labor Department reported this morning that the unemployment rate fell to 7.7 percent, the lowest since December 2008, as 236,000 jobs were created last month. “The good news was that …read more.

Spartan Motors Inc. today announced the sale of the majority of its Wakarusa facility to Forest River Inc. This transaction was pursuant to Spartan’s announcement on Feb. 14, 2012, that it will relocate the Company’s Utilimaster operations to Bristol from Wakarusa. All terms of the transaction were in line with previously disclosed estimates. “The sale …read more.

CTB Inc. of Milford announced today that it has purchased the assets of Martin Industries, Corp. and its related subsidiaries including LeMar Industries Corp. LeMar, headquartered in Des Moines, Iowa, is a leading designer and manufacturer of all of the structures and equipment related to loading, unloading and moving grain through a grain storage facility …read more.

Hall Of Fame In Final Days

December 27, 2012

The College Football Hall of Fame announced today that the final two days of operation, Dec. 29-30, will feature $2 admission for all guests and two for one on all gift shop purchases. All proceeds from admission and gift shop purchases for the final two days will be donated to the football programs at the …read more.

CTS Aqcuires D&R Tech

December 22, 2012

CTS Corporation today announced the acquisition of D&R Technology, a privately-held company with annual sales of approximately $50 million. D&R is a leading manufacturer of custom designed sensors, switches and electromechanical assemblies primarily serving the automotive light-vehicle market. CTS acquired D&R for a cash purchase price of approximately $63.5 million. Management expects the transaction to …read more.

Economy ‘Stuck in Neutral’

December 22, 2012

Ball State economist Michael Hicks says it is no surprise that Indiana’s unemployment rate is holding at 8 percent for the second consecutive month because the state’s economy, like the nation’s, is “stuck in neutral.” The Indiana Department of Workforce Development says the state’s unemployment rate was 8 percent in November, unchanged from the previous …read more.

Future Uncertain For Farmers

December 21, 2012

One thing is certain for corn farmers in 2013, and that is the importance of risk management amid extreme uncertainty in yields and revenues, Purdue agricultural economist Chris Hurt said. Three years of below-normal corn yields and ongoing drought in the western corn belt have the potential to drive corn prices to record highs in …read more.

The Milford Redevelopment Commission met recently for a public hearing to discuss a northern tax increment finance district in Milford. With no opposition at the meeting, and only two people in attendance to speak in support, the resolution was adopted. George Robertson, president of the Kosciusko Economic Development Corporation, told the Redevelopment Commission that an …read more.

Marshall County Economic Development Corporation’s Executive Director Jennifer Laurent has announced her resignation. Laurent joined the staff of MCEDC in February 2010 and was appointed as executive director in October, 2010 after serving as Interim Director for five months. She leaves the organization with a successful track record of major business expansion projects, the creation …read more.

Trine Adds Music Degree

December 13, 2012

Trine University, Angola, has hit a high note by adding a major in music option for those earning a Bachelor of Science degree. The new four-year degree option is intended to provide students with a personalized learning environment and to foster experiences in the performance, understanding and appreciation of the discipline and art of music. …read more.

The Indiana Commission for Higher Education is promoting policies and practices aimed at increasing the number of Hoosiers who complete college on time and do so with minimal student debt. Indiana college students borrow more than $27,000 on average to finance a four-year degree, and the state’s student loan default rate has increased by 35 …read more.

Governor Mitch Daniels and executives from nine companies, including one based in Elkhart, announced today new investments in Indiana expected to create a combined 2,552 new jobs over the next few years. The news comes amidst the state’s record breaking year of economic development results. This year, the Indiana Economic Development Corporation has already worked …read more.

Efforts to add nearly 400 jobs in Elkhart County are moving forward. The county council has given final approval to a tax abatement request from Fortress Technologies LLC, which is planning to hire more than 260 workers over the next seven years in Middlebury. According to Inside INdiana Business reports, the council also issued preliminary …read more.

Black Friday, the day after Thanksgiving, gets its name from the fact that it used to be the day that retailers’ profits moved into the black for the year. “Now retailers are out to get consumers early and often,” Richard Feinberg, Purdue University professor of consumer science and retailing, said. “So Black Friday-like sales have …read more.

The cost for a traditional Thanksgiving dinner including turkey, stuffing, pumpkin pie and all the usual trimmings increased slightly this year, according to an informal survey of grocery store prices conducted by Indiana Farm Bureau. The survey, which has been conducted annually in Indiana since 1993, indicated that the cost for this year’s feast for …read more.

State general revenues totaled $1,085 million, $24 million (2.3 percent) above target and $4 million (0.4 percent) above collections for the same period last year. Sales tax collections totaled $558 million for the month, $16 million above collections for the same period last year. Individual income tax collections totaled $353 million for the month, $20 …read more.

Elkhart Mayor Dick Moore said after yesterday’s announcement of New York-based Drew Industries Inc. expanding to norther Indiana, it is clear the RV industry is continuing to rebound. However, he said the community must focus on green and high-tech jobs to fully recover from the recession. A high-tech industrial park is in the city’s future, …read more.

Powered by WordPress