Money

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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Economic Development
4:19 pm
Tue May 19, 2015

Northeast Indiana's Regional Cities Bid Gets a New Partner

Credit Courtesy / NEIRP

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.

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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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Jobs
4:15 pm
Tue April 21, 2015

Hoosier Unemployment Rate Lower Last Month, But...

Indiana's unemployment rate fell in March due to a drop in the labor participation rate.
Credit Courtesy / State of Indiana

Indiana’s unemployment rate fell in March to its lowest level in five months, but the state’s private sector also lost jobs last month.

The Hoosier unemployment rate fell one tenth of a percent to 5.8 percent in March, the second month in a row the rate went down. 

But that drop may not be good news: the state’s private sector lost 800 jobs last month, fueled by huge losses – more than 5,000 – in the professional and business services sector. 

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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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