Money

Money
11:05 am
Mon July 22, 2013

Leading Index Shows Mixed Signals for Indiana Economy

Credit Courtesy of Indiana University

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.

The Leading Index is at its highest point in four months, backed by positive reports from home builders and strong automotive sales.  But Indiana Business Research Center Economic Analysis Director Timothy Slaper says small business optimism is down and rising mortgage rates are dampening enthusiasm. 

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Money
11:01 am
Thu December 27, 2012

Insurance company plans $15 million expansion

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.

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.

The company says the move could create up to 102 new jobs in the next four years.

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Money
10:41 am
Thu November 29, 2012

IEDC announces record year

With a month still to go this year, the Indiana Economic Development Corporation Wednesday announced 2012 will set a record for commitments from companies to locate or expand operations in the state.  But IEDC CEO Dan Hasler says he’d still like to see more of the commitments turn into actual jobs.

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Money
9:56 am
Wed November 28, 2012

Per capita income stabilizes in region

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.

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Money
1:28 pm
Tue November 20, 2012

Indiana's unemployment rate drops in October

Indiana’s private sector added 7,700 jobs last month and lowered its unemployment rate to 8%.

The unemployment rate fell 0.2% in October, the largest single month drop since April.  It also marked a decrease for the second consecutive month after gaining or holding steady for six months. 

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Business
11:22 am
Thu November 15, 2012

Sweetwater breaks ground on new facility

Officials break ground on Sweetwater's new facility Wednesday afternoon.

Sweetwater Sound broke ground Wednesday on its expansion at the company’s headquarters along US 30.

Sweetwater President Chuck Surack joined Governor Mitch Daniels, Fort Wayne Mayor Tom Henry, and Allen County Commissioner Nelson Peters at the event.

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.

Surack says a business model focusing on customer service has kept Sweetwater expanding, but his location in Northeastern Indiana has been key, as well.

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Money
12:05 pm
Sat October 20, 2012

Unemployment rate falls, despite job losses

Indiana’s private sector lost nearly 6,000 jobs in September, the first decline in nearly a year.  Yet the state’s employment rate also fell for the first time since April.

Indiana’s unemployment rate had gone up or held steady for five months while, at the same time, the private sector created jobs. 

Last month, that trend changed as the unemployment rate fell to 8.2%.  University of Indianapolis economist Matt Will says while September’s jobs report isn’t positive, it also isn’t time to panic. 

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Money
3:55 pm
Tue October 9, 2012

Fort Wayne outpaces nation in job growth

John Stafford, director of the Community Research Institute at IPFW.

A new economic report shows Fort Wayne is among the few areas of the country to outpace the national job growth rate.

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Money
1:11 pm
Fri August 17, 2012

Kroger closes N. Anthony Scott's; announces new investments

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.

Earlier this year, several public officials lobbied to keep the store open, but the company ultimately deemed the problems beyond repair. The pharmacy adjacent to the North Anthony Scott's will also close.

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.

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Money
12:32 pm
Fri August 17, 2012

Hoosier jobless rate rises in July

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.

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.  But Indiana’s unemployment rate increased to 8.2%. 

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