Money

Philanthropy
4:45 pm
Thu March 12, 2015

ACRES Receives Surprise $1 Million Gift

The estate of Fort Wayne man Robert E. Pence awarded a $1 million gift to ACRES Land Trust this week. While Pence was an outdoors enthusiast, ACRES staff say they never met him.
Credit Courtesy / Steve Linsenmayer

ACRES Land Trust announced this week it received a surprise gift of one million dollars from the estate of a Fort Wayne man.

The trust was founded in 1960 with a mission to acquire land to create nature preserves.

The bequest comes from the estate of Robert E. Pence, a former tool maker, computer technician, and lifelong nature enthusiast. Pence died in 2012.

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Food
2:31 pm
Tue March 10, 2015

Food Summit Tackles Logistics of Farm to Plate Delivery

The Fort Wayne Local Food Summit aims to bring fresh food to the region while also supporting family farmers.
Credit Holly Chaille

With an increasing demand for fresh, healthy food, the Purdue Extension Local Food Program and the Allen County Extension Office are teaming up this Wednesday to host the first-ever Fort Wayne Local Food Summit.

Its goal is to assess the needs in the local food production chain, and find a commonality between producers, distributors and consumers here in Northeast Indiana.

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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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