Indiana’s unemployment rate is at its lowest level in more than seven years, falling below five percent in June.
The Hoosier State’s unemployment rate decreased to 4.9 percent last month, the first time it’s been below five percent since February of 2008. June marks the fifth consecutive month the rate has declined, and since January of 2013, only one other state – Rhode Island – has decreased its unemployment rate more than 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.
Northeast Indiana’s bid for the regional cities initiative just gained another partner.
The Regional Cities Initiative is a new pot of public-private money held by the state that will be allocated to Indiana regions to fund quality-of-life projects. Those projects are meant to help a region bolster its identity and retain talent.
The ten counties in the Northeast Indiana coalition voted to allow Kosciusko County—west of Fort Wayne—to join the collaborative in creating projects and helping with the presentation to the state.
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.