Money

Business
6:00 am
Thu December 4, 2014

New Bravas Restaurant Offers Unique, Gourmet Burgers to Fort Wayne

Bo Gonzalez outside of Bravas, 3412 Fairfield Ave. in Fort Wayne.
Credit Virginia Alvino / WBOI News

Fort Wayne’s restaurant scene is growing, so is its fleet of food trucks. Where that overlaps - is Bravas.

What began as a purveyor of gourmet hot dogs on the street is now a brick and mortar restaurant dedicated to serving up some surprising burgers.

The shop opened Tuesday on Fairfield Ave. in the 46807 neighborhood. 

You can get a burger pretty much anywhere in Fort Wayne. So, why give Bravas Burgers a shot?

“Um. Because they’re more delicious," says Bo Gonzalez.

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Money
4:37 pm
Thu November 20, 2014

Cost of Thanksgiving Meal Drops in Indiana, Rises Nationwide

Nationwide, the cost of a Thanksgiving dinner for ten people rose to $49.41, though it's a few dollars cheaper in Indiana.
Credit Courtesy / American Farm Bureau Federation

Your traditional Thanksgiving dinner may be a little less expensive this year.

According to the Indiana Farm Bureau, the average cost of a Turkey Day meal for ten Hoosiers is down to $46.93, the second year in a row the price has dropped.

The Indiana total is also lower than the national average of $49.41, released by the American Farm Bureau Federation Thursday.

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Economy
4:44 pm
Thu August 21, 2014

Report: More Than 20 Percent of Regional Workers Near Retirement Age

One-fifth of Northeast Indiana’s workforce is at or near retirement age. That’s according to a new report out Thursday.

The report from Northeast Indiana Works and the Community Research Institute at IPFW shows more than 20 percent of all working adults in the region are age 55 or older.

The percentages are even higher in public and private education, truck transportation and the manufacturing sector.

But people retire all the time, so why is this important?

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Economy
3:31 pm
Mon August 18, 2014

State Private Sector Adds Jobs, Unemployement Rate Flat

Indiana’s private sector added nearly 10,000 jobs last month.  Yet for the fourth consecutive month, the unemployment rate failed to drop.  Still, Governor Mike Pence says July’s employment numbers tell him Indiana’s economy is “all systems go.”

The Hoosier private sector has added jobs for ten consecutive months, surging again in July with 9,900 jobs created.  That boost was led by the manufacturing sector, which added more than 5,000 jobs, the most in the country last month. 

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Agriculture
3:56 pm
Wed August 13, 2014

Record Corn and Soybean Harvests Possible Again in 2014

Indiana corn producers could see record yields again this year, if the weather cooperates.
Credit Courtesy / Wikimedia Commons

Purdue agriculture experts say the crop report released Tuesday projects potential record highs for corn and soybeans, and experts say that’s good news for Hoosiers at the grocery store.

Indiana farmers are projected to harvest a little more than one billion bushels of corn this year, which would set a record for the second consecutive year.  The predicted soybean harvest would be the third-largest in state history and up nearly six percent from last year. 

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Money
5:38 pm
Tue July 29, 2014

One-Third of Hoosiers Delinquent on Debt

More than 35 percent of Hoosiers have debt in collections, according to a new study released Tuesday.
Credit Courtesy / Urban Institute

A report released Tuesday by the Urban Institute shows more than a third of American adults have debt currently in collections.

And Hoosiers aren’t faring any better.

Thirty-five percent of all Indiana adults are currently so far delinquent on at least one bill that they’ve been reported to a collections agency. That’s right in line with the national average.

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Economy
3:32 pm
Mon July 21, 2014

July's Leading Index Suggests Growing Economic Momentum

The Leading Index for Indiana has risen for two months in a row.
Credit IBRC / IU Kelley School of Business

New analysis from Indiana University suggests the Hoosier economy is heading in the right direction.

The Leading Index for Indiana – which uses national-level economic data to make predictions about the state’s economy – rose slightly in July. That’s the second monthly increase in a row.

According to Timothy Slaper at the IU Kelley School of Business, the increase comes in part because of a jump in homebuilder sentiment, what he calls the “exhuberant stock market,” and a strong outlook in transportation and logistics.

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Money
3:46 pm
Wed June 18, 2014

Effort to Allow Cold Beer in Convenience Stores Falls Flat

Groups pushing Indiana to allow cold beer sales in convenience stores likely face a tough road in the state legislature.

A federal judge this week ruled against convenience store owners in their lawsuit challenging the state’s ban on cold beer sales by non-liquor stores. 

In a statement, Attorney General Greg Zoeller noted that the proper place for debating the issue is the legislature

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Money
4:31 pm
Fri May 30, 2014

Pence, Coats Look for Growth in Medical Device Industry

Indiana companies like Warsaw-based Zimmer manufacture 50 percent of the medical devices used worldwide.

Indiana leaders at both the federal and state level are exploring ways to encourage more growth in the state’s medical device industry.

Later this summer, the Indiana legislature will devote a study committee to investigating ways the state can help medical device manufacturers.

Earlier this week, U.S. Senator Dan Coats sat down with leaders from the industry in northern Indiana.  He says he came away with two avenues for helping the sector, including getting the Food and Drug Administration to ease some of the lengthy restrictions on approving new technology.

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Money
11:05 am
Mon July 22, 2013

Leading Index Shows Mixed Signals for Indiana Economy

Credit Courtesy of Indiana University

An Indiana University economist says the Leading Index for Indiana – an economic predictor for the state – is sending mixed messages about the health of the Hoosier economy.

The Leading Index is at its highest point in four months, backed by positive reports from home builders and strong automotive sales.  But Indiana Business Research Center Economic Analysis Director Timothy Slaper says small business optimism is down and rising mortgage rates are dampening enthusiasm. 

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