Money

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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Money
11:01 am
Thu December 27, 2012

Insurance company plans $15 million expansion

A company that provides insurance to churches and other ministries has announced it will expand its headquarters on its 30-acre campus in Fort Wayne.

Brotherhood Mutual Insurance Company will invest $15 million to build a 55,000 square foot facility, which it expects to be operational by early 2014.

The company says the move could create up to 102 new jobs in the next four years.

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Money
10:41 am
Thu November 29, 2012

IEDC announces record year

With a month still to go this year, the Indiana Economic Development Corporation Wednesday announced 2012 will set a record for commitments from companies to locate or expand operations in the state.  But IEDC CEO Dan Hasler says he’d still like to see more of the commitments turn into actual jobs.

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Money
9:56 am
Wed November 28, 2012

Per capita income stabilizes in region

Since the mid-1990s, per capita income (as a percentage of national per capita income) has been steadily dropping for residents of Northeastern Indiana. But new data released this week shows the downward trend may have finally turned the corner.

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Money
1:28 pm
Tue November 20, 2012

Indiana's unemployment rate drops in October

Indiana’s private sector added 7,700 jobs last month and lowered its unemployment rate to 8%.

The unemployment rate fell 0.2% in October, the largest single month drop since April.  It also marked a decrease for the second consecutive month after gaining or holding steady for six months. 

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Business
11:22 am
Thu November 15, 2012

Sweetwater breaks ground on new facility

Officials break ground on Sweetwater's new facility Wednesday afternoon.

Sweetwater Sound broke ground Wednesday on its expansion at the company’s headquarters along US 30.

Sweetwater President Chuck Surack joined Governor Mitch Daniels, Fort Wayne Mayor Tom Henry, and Allen County Commissioner Nelson Peters at the event.

Surack says Sweetwater will add more than 300 employees over the next four years, with an eye toward hiring even more if business keeps booming.

Surack says a business model focusing on customer service has kept Sweetwater expanding, but his location in Northeastern Indiana has been key, as well.

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Money
12:05 pm
Sat October 20, 2012

Unemployment rate falls, despite job losses

Indiana’s private sector lost nearly 6,000 jobs in September, the first decline in nearly a year.  Yet the state’s employment rate also fell for the first time since April.

Indiana’s unemployment rate had gone up or held steady for five months while, at the same time, the private sector created jobs. 

Last month, that trend changed as the unemployment rate fell to 8.2%.  University of Indianapolis economist Matt Will says while September’s jobs report isn’t positive, it also isn’t time to panic. 

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