News & Notes: Lowell Rail Extension Price Tag Rises

The projected price tag for a rail extension to Lowell, IN, has increased 34 percent to nearly $738 million.

New home sales were up 11 percent nationwide in June, the biggest jump in eight years, but the median sale price was down 12 percent versus year-ago.

Indiana and Michigan have joined forces with other Midwestern states in pursuit of Federal funds for an eight-state, high-speed rail network.

Forming a design committee to recommend improvements to Monnett Elementary is one of nine priorities for the Rensselaer Central Schools Corporation this school year.

Congressman Peter Visclosky brings home more bacon for Northwest Indiana.

South Shore Fiber Link to Spur Hi-Tech Development in Northern Indiana

Northwest Indiana business and civic leaders unveiled the South Shore Fiber Link during a press conference today in Portage.

The fiber optic corridor, originally installed as part of a Northern Indiana Commuter Transportation District (NICTD) upgrade to its signaling capacity, stretches 75 miles, from the NICTD Kensington station in Illinois to the South Bend Airport. It connects with the St. Joe Valley Metronet as well as the Chicago fiber optic grid.

The line “has been operating for two years, and what we have found is that we have a lot of excess [capacity],” said Boris Matakovic, CIO of NICTD. “So we wanted to use that to further economic development in Northwest Indiana.”

“’Dark’ fiber is hard to find and very expensive,” said Bryan Baker, Principal of ComControl, which will manage agreements and connect business users to the Fiber Link network, while NICTD maintains the line.

Combined with State Senate bill 448, which allows communities to exempt personal property tax on IT equipment, Fiber Link positions Northwest Indiana to attract hi-tech businesses, according to Vince Galbiati, President and CEO of the Northwest Indiana Forum.

“It’s the perfect complement to the NWI Computational Grid,” added Congressman Pete Visclosky (D-1st District), improving the ability of northern Indiana universities to communicate with each other, and universities and labs throughout the nation.

Through an arrangement with Norfolk Southern, the Link has already been extended to Elkhart, and talk has already begun about the possibility of extending it to Fort Wayne, said Congressman Joe Donnelly (D-2nd District). “There’s no reason that we shouldn’t become the data center of the United States,” he said.

Herald-Argus Takes Over LaPorte CVB Guide

The LaPorte County Convention & Visitors Bureau has passed responsibility for ad sales in its 2010 LaPorte County Visitors Guide to The LaPorte County Herald-Argus, citing the paper’s larger staff, advertising expertise, and graphic services.

Along with the change in visitor guide sales comes a change in the CVB’s partnership structure. From this point forward, all businesses and other entities in LaPorte County will be considered “community partners.” As anyone wishing to appear in the visitors guide must buy advertising space through the Herald-Argus, the CVB will no longer be a member-based organization and will no longer charge businesses a fee to be a partner.

The Visitors Bureau will continue to have complete editorial, layout, and circulation control of the publication, which will continue to serve as the official guide to LaPorte County. The Guide will continue the same high-visibility distribution via county businesses, national trade shows, mailing lists and through our exclusive agreements with the toll road and state visitor centers.

The CVB says the move will result in lower prices on most advertisements, and eliminate the added expense of ad design, which will be included free through The Herald-Argus graphics department. Also, the vast majority of county businesses already have a relationship and billing account with the newspaper, reducing paperwork and billing issues. Meanwhile, the move allows the CVB to focus on its core mission of promoting LaPorte County.

VU Campaign Raises $238 Million

Valparaiso University’s “Our Valpo, Our Time” comprehensive campaign concluded June 30 with gifts and pledges totaling more than $238 million, surpassing its goal of $200 million. The campaign was co-chaired by University board members Connie Ashline and Don Fites.

President Mark A. Heckler expressed his gratitude for the many gifts from alumni and friends that continue to help build Valpo’s reputation as an outstanding university whose graduates are sought throughout the world for their leadership and professionalism.

“The total funds raised through this campaign, especially during a challenging economic environment, affirms the value our alumni and friends place on a Valpo education,” Heckler said. “Their generosity will benefit students for decades, and will help Valpo advance its strategic plan and vision for the future.”
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News & Notes: Minimum Wage Jumps Today

Indiana’s minimum wage increases to $7.25 an hour today.

The Porter County Fair has kicked off.

Gary/Chicago Airport rejected requests from Viza Air for exclusive use of a jet gate, restaurant and terminal signage.

Wakarusa is looking to go green.

Bosch is exploring the sale of its brake business, which includes facilities in South Bend and St. Joseph County.

LaPorte County has hired an outside consultant to help with next year’s budget.

Ontario Systems Names Hester to Marketing Post

Ontario Systems (Muncie, IN) has chosen LeAnne Hester as its new Director of Marketing.

Hester will act as the key liaison between sales and marketing to ensure that the company’s marketing efforts are working in concert with its sales efforts to support the sale of all Ontario Systems debt management solutions.

“LeAnne Hester is a tremendous addition to Ontario Systems,” said CEO Tony Reisz. “Throughout her career, she has consistently demonstrated that she sees the ‘big picture’ and is able to put all of the necessary pieces in place to ensure that a marketing program is successful and also melds perfectly with the overall sales and business goals. We are thrilled to welcome her to our team.”
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Horizon Announces Q2, First Half Results

Michigan City-based Horizon Bancorp said its second quarter 2009 net income was $2.1 million, or $0.52 diluted earnings per share, as compared to $3.0 million or $.92 diluted earnings per share for the same quarter of the prior year.

Net income for the six months ended June 30, 2009 was $4.7 million or $1.22 diluted earnings per share, versus $5.5 million or $1.70 diluted earnings per share for the same period of the prior year.

“We continue to be proud of Horizon’s year-to-date performance given the economic challenges confronting the banking industry,” said Craig M. Dwight, Chief Executive Officer of Horizon Bancorp. In addition, he commented, “Horizon has increased staff to focus on resolution of problem loans and to assist our customers to mitigate the potential for foreclosure. As a community bank we are proud of our record of working with customers during challenging times.”
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News & Notes: Home Sales Soar Regionally

Home sales rebounded strongly in the region last month.

The referendum on establishing a regional transportation authority for Lake, Porter, LaPorte and St. Joseph counties could be delayed until 2010.

Consolidating bus services in Hammond, Gary and east Chicago could save $350,000.

In good news for the battered RV industry in northern Indiana, two companies are looking to hire nearly 900 workers.

PNC to Offer Home Inspectors Course

The Purdue University North Central Office of Continuing Education will offer a course to prepare students to take the Indiana Home Inspector Examination and become licensed home inspectors in Indiana.

This course will teach students about the intricacies of building structures and systems and demonstrate investigative techniques needed to complete inspections of homes and businesses.

“Pre-licensing for Home Inspectors” will meet at the PNC Westville Campus on Tuesdays and Thursdays, Aug. 11 to Oct. 15, from 7 to 10 p.m. Registration is $1,049 and a textbook and course materials are included.

To register or to obtain further information, visit www.pnc.edu/ce.

News & Notes: Post Office Consolidation in Northern Indiana Likely

Some Post Offices in Gary, Hammond, East Chicago, Valparaiso and Calumet City could all be trimmed as part of a nationwide cost-cutting measure by the Postal Service. Branches in South Bend are also being eyed.

BP is commencing phase two of construction at the Fowler Ridge Wind Farm in Benton County.

A new Wings Etc. restaurant will open Aug. 10 in LaPorte.

Tonn and Blank Construction has joined the Northwest Indiana Forum.

Reports of the death of the 55th Annual Midwest RV Super Show and Rally may have been exaggerated.

The Glass Doctor of Northwest Indiana was one of three franchises nationwide honored at the company’s annual convention with an Excellence in Leadership award.