Economist: Americans Have Low Expectations For Recovery

Ball State economist Michael Hicks says any enthusiasm over February’s employment summary would show just how low our expectations have become in this recovery. The Labor Department reported this morning that the unemployment rate fell to 7.7 percent, the lowest since December 2008, as 236,000 jobs were created … Read More

Wakarusa Plant Moves To Bristol

Spartan Motors Inc. today announced the sale of the majority of its Wakarusa facility to Forest River Inc. This transaction was pursuant to Spartan’s announcement on Feb. 14, 2012, that it will relocate the Company’s Utilimaster operations to Bristol from Wakarusa. All terms of the transaction were in … Read More

CTB Announces Assets Acquisition

CTB

CTB Inc. of Milford announced today that it has purchased the assets of Martin Industries, Corp. and its related subsidiaries including LeMar Industries Corp. LeMar, headquartered in Des Moines, Iowa, is a leading designer and manufacturer of all of the structures and equipment related to loading, unloading and … Read More

Hall Of Fame In Final Days

The College Football Hall of Fame announced today that the final two days of operation, Dec. 29-30, will feature $2 admission for all guests and two for one on all gift shop purchases. All proceeds from admission and gift shop purchases for the final two days will be … Read More

CTS Aqcuires D&R Tech

CTS Corporation today announced the acquisition of D&R Technology, a privately-held company with annual sales of approximately $50 million. D&R is a leading manufacturer of custom designed sensors, switches and electromechanical assemblies primarily serving the automotive light-vehicle market. CTS acquired D&R for a cash purchase price of approximately … Read More

Economy ‘Stuck in Neutral’

Ball State economist Michael Hicks says it is no surprise that Indiana’s unemployment rate is holding at 8 percent for the second consecutive month because the state’s economy, like the nation’s, is “stuck in neutral.” The Indiana Department of Workforce Development says the state’s unemployment rate was 8 … Read More

Future Uncertain For Farmers

Crop

One thing is certain for corn farmers in 2013, and that is the importance of risk management amid extreme uncertainty in yields and revenues, Purdue agricultural economist Chris Hurt said. Three years of below-normal corn yields and ongoing drought in the western corn belt have the potential to … Read More

Milford TIF District Resolution Adopted

SPO-Icon-Milford

The Milford Redevelopment Commission met recently for a public hearing to discuss a northern tax increment finance district in Milford. With no opposition at the meeting, and only two people in attendance to speak in support, the resolution was adopted. George Robertson, president of the Kosciusko Economic Development … Read More

Marshall County Executive Announces Resignation

Marshall County Economic Development Corporation’s Executive Director Jennifer Laurent has announced her resignation. Laurent joined the staff of MCEDC in February 2010 and was appointed as executive director in October, 2010 after serving as Interim Director for five months. She leaves the organization with a successful track record … Read More

Trine Adds Music Degree

Trine University, Angola, has hit a high note by adding a major in music option for those earning a Bachelor of Science degree. The new four-year degree option is intended to provide students with a personalized learning environment and to foster experiences in the performance, understanding and appreciation … Read More

Indiana Aims To Lower Student Debt

The Indiana Commission for Higher Education is promoting policies and practices aimed at increasing the number of Hoosiers who complete college on time and do so with minimal student debt. Indiana college students borrow more than $27,000 on average to finance a four-year degree, and the state’s student … Read More

Atwood Mobile Products Brings Jobs

Governor Mitch Daniels and executives from nine companies, including one based in Elkhart, announced today new investments in Indiana expected to create a combined 2,552 new jobs over the next few years. The news comes amidst the state’s record breaking year of economic development results. This year, the … Read More

Elkhart Approves Tax Abatement, Job Growth

Efforts to add nearly 400 jobs in Elkhart County are moving forward. The county council has given final approval to a tax abatement request from Fortress Technologies LLC, which is planning to hire more than 260 workers over the next seven years in Middlebury. According to Inside INdiana … Read More

Internet Sales May Trump Black Friday

Unknown-1

Black Friday, the day after Thanksgiving, gets its name from the fact that it used to be the day that retailers’ profits moved into the black for the year. “Now retailers are out to get consumers early and often,” Richard Feinberg, Purdue University professor of consumer science and … Read More

Thanksgiving Dinner Is More Expensive This Year

The cost for a traditional Thanksgiving dinner including turkey, stuffing, pumpkin pie and all the usual trimmings increased slightly this year, according to an informal survey of grocery store prices conducted by Indiana Farm Bureau. The survey, which has been conducted annually in Indiana since 1993, indicated that … Read More

Indiana Revenue Rises from October

State general revenues totaled $1,085 million, $24 million (2.3 percent) above target and $4 million (0.4 percent) above collections for the same period last year. Sales tax collections totaled $558 million for the month, $16 million above collections for the same period last year. Individual income tax collections … Read More