Economic development

Economic Development
5:10 pm
Wed June 10, 2015

Experts Split on Effectiveness of Indiana's WSJ Ad

Indiana placed this full-page ad in the Wall Street Journal Wednesday.
Credit Courtesy / State of Indiana

Indiana took out a full-page ad in the Wall Street Journal Wednesday criticizing Connecticut’s $1.5 billion tax increase and touting Indiana’s business friendly policies.

The ad that was placed in the Connecticut, New Jersey and New York versions of the Wall Street journal bears this message: “Friends don’t let friends pay higher taxes.”

The ad specifically names General Electric, whose executives have been threatening to leave Connecticut because of tax increases. But Indiana University tax law professor Ajay Mehrotra says that’s not likely to happen.

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News
3:38 pm
Wed May 27, 2015

GM Investing $1.2 Billion in Fort Wayne Plant

Employees inspect Chevrolet Silverado and GMC Sierra trucks as they come off the assembly line Tuesday, May 26, 2015 at the General Motors Fort Wayne Assembly Plant in Fort Wayne, Indiana.
Credit Shane Pequignot / General Motors

General Motors will invest $1.2 billion to expand its Fort Wayne truck assembly plant. The company says it’s among their largest manufacturing investments ever in the U.S.

The automotive company will expand and upgrade the existing facility which builds Chevrolet Silverado and GMC Sierra pickups. The investment will add 1.5 million square feet to the plant, including a new paint shop and expanded body shop. The plant currently employs around 3,800 workers.

The company says the upgrades will improve efficiency and reduce emissions.

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Business
2:40 pm
Tue May 5, 2015

Doden Named CEO of Greater Fort Wayne Inc.

Outgoing IEDC Chairman Eric Doden was named CEO of Greater Fort Wayne Inc. Monday.
Credit Courtesy / Indiana Economic Development Corporation

Fort Wayne’s unified economic development organization is getting new leadership.

Greater Fort Wayne Inc. named Eric Doden its new chief executive officer this week, replacing former CEO Mark Becker, who resigned in January.

Doden is the outgoing president of the Indiana Economic Development Corporation, the state agency that works to attract new business to Indiana. Governor Mike Pence appointed him to the position in 2013.

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News
5:09 pm
Thu February 26, 2015

Home Show Could Point to Economic Recovery

The Fort Wayne Home and Garden show expects up to 50,000 visitors this year.
Credit Virginia Alvino / WBOI News

The 42nd annual Fort Wayne Home and Garden show starts Thursday. The expected high turnout this year could be a sign of economic recovery.

Nationwide, the recovery in the housing market has been slow the last few years, but spending on  home improvement and repair has fared a bit better. That’s according a report released by Harvard  last month, which also projects that type of spending to slow down this year. 

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News
3:30 pm
Wed June 11, 2014

Fort Wayne Awarded $33 Million for Future Development

Fort Wayne Mayor Tom Henry
Credit Virginia Alvino / WBOI News

The City of Fort Wayne has been awarded $33 million in federal funding for future development projects. Mayor Tom Henry made the announcement Wednesday. 

The City of Fort Wayne is the only entity in Indiana to receive funds from the New Markets Tax Credit Program this year. It grants tax credits to investors for development projects in low-income communities.

In 2008 Fort Wayne received approximately $15 million from the program, which went towards completing the Harrison project downtown.

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Politics & Government
4:20 pm
Thu January 2, 2014

Extended Interview: Fort Wayne Mayor Tom Henry

Fort Wayne Mayor Tom Henry.
Credit Courtesy / City of Fort Wayne

2013 is already in the history books, but before we leave it behind, we wanted to survey the year gone by with the man at the center of some of Fort Wayne’s biggest stories.

WBOI’s Sean Bueter recently talked to Fort Wayne Mayor Tom Henry about some of the city’s victories and challenges in 2013, and asked him to look ahead to the new year.

This is the extended interview with Mayor Henry, including portions of the conversation not included on-air.

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News
4:47 pm
Wed December 18, 2013

The Indiana Economic Development Corporation Secures Record Number Of Job Commitments

Governor Mike Pence
Credit Brandon Smith

Governor Mike Pence announced Wednesday the Indiana Economic Development Corporation has secured job commitments with a record 261 companies this year. But Pence says there’s still more work to be done.

The job commitments made in 2013, worth more than $2 billion to Indiana’s economy, are  expected to create more than 21,000 jobs in the state over the next several years. The expected jobs will pay a higher wage, nearly 22 dollars an hour, than the state average, which is 20 dollars an hour.

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