Money en Leading Index Shows Mixed Signals for Indiana Economy <p>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.</p><p>The Leading Index is at its highest point in four months, backed by positive reports from home builders and strong automotive sales.&nbsp; But Indiana Business Research Center Economic Analysis Director Timothy Slaper says small business optimism is down and rising mortgage rates are dampening enthusiasm.&nbsp;</p> Mon, 22 Jul 2013 15:05:09 +0000 Brandon Smith 17948 at Leading Index Shows Mixed Signals for Indiana Economy Insurance company plans $15 million expansion <p></p><p></p><p>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.</p><p>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.</p><p>The company says the move could create up to 102 new jobs in the next four years.</p> Thu, 27 Dec 2012 16:01:27 +0000 Sean Bueter 8501 at IEDC announces record year <p></p><p>With a month still to go this year, the <a href="">Indiana Economic Development Corporation</a> Wednesday announced 2012 will set a record for commitments from companies to locate or expand operations in the state.&nbsp; But IEDC CEO Dan Hasler says he’d still like to see more of the commitments turn into actual jobs.</p><p> Thu, 29 Nov 2012 15:41:50 +0000 Brandon Smith 7366 at IEDC announces record year Per capita income stabilizes in region <p></p><p>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.</p><p> Wed, 28 Nov 2012 14:56:15 +0000 Sean Bueter 7301 at Indiana's unemployment rate drops in October <p></p><p>Indiana’s private sector added 7,700 jobs last month and lowered its unemployment rate to 8%.</p><p>The unemployment rate fell 0.2% in October, the largest single month drop since April.&nbsp; It also marked a decrease for the second consecutive month after gaining or holding steady for six months.&nbsp;</p> Tue, 20 Nov 2012 18:28:02 +0000 Brandon Smith 7015 at Sweetwater breaks ground on new facility <p></p><p>Sweetwater Sound broke ground Wednesday on its expansion at the company’s headquarters along US 30.</p><p>Sweetwater President Chuck Surack joined Governor Mitch Daniels, Fort Wayne Mayor Tom Henry, and Allen County Commissioner Nelson Peters at the event.</p><p>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.</p><p>Surack says a business model focusing on customer service has kept Sweetwater expanding, but his location in Northeastern Indiana has been key, as well.</p> Thu, 15 Nov 2012 16:22:44 +0000 Sean Bueter 6785 at Sweetwater breaks ground on new facility Unemployment rate falls, despite job losses <p></p><p>Indiana’s private sector lost nearly 6,000 jobs in September, the first decline in nearly a year.&nbsp; Yet the state’s employment rate also fell for the first time since April.</p><p>Indiana’s unemployment rate had gone up or held steady for five months while, at the same time, the private sector created jobs.&nbsp;</p><p>Last month, that trend changed as the unemployment rate fell to 8.2%.&nbsp; University of Indianapolis economist Matt Will says while September’s jobs report isn’t positive, it also isn’t time to panic.&nbsp;</p> Sat, 20 Oct 2012 16:05:05 +0000 Brandon Smith 5699 at Fort Wayne outpaces nation in job growth <p>A new economic report shows Fort Wayne is among the few areas of the country to outpace the national job growth rate.</p><p> Tue, 09 Oct 2012 19:55:50 +0000 Sean Bueter 5185 at Fort Wayne outpaces nation in job growth Kroger closes N. Anthony Scott's; announces new investments <p>Officials from the Kroger grocery chain announced today the company will not reopen its North Anthony location in Fort Wayne, which was shut down due to major structural issues.</p><p>Earlier this year, several public officials lobbied to keep the store open, but the company ultimately deemed the problems beyond repair.&nbsp;The pharmacy adjacent to the North Anthony Scott's will also close.</p><p>In a statement, Kroger Central Division President Bob Moeder said employees at the North Anthony store were told Friday morning they could transfer to other locations.</p> Fri, 17 Aug 2012 17:11:43 +0000 Sean Bueter 2499 at Kroger closes N. Anthony Scott's; announces new investments Hoosier jobless rate rises in July <p></p><p>The Bureau of Labor Statistics says Indiana’s unemployment rate increased for the second straight month in July even though the state’s private sector added jobs for the ninth consecutive month. But state officials say those numbers don’t add up.</p><p>Thirty-three hundred private sector jobs were created last month and government hiring surged, leading to an increase in total non-farm employment of more than ten thousand jobs.&nbsp; But Indiana’s unemployment rate increased to 8.2%.&nbsp;</p> Fri, 17 Aug 2012 16:32:26 +0000 Brandon Smith 2497 at