Allison Transmission raised $600 million in its IPO.
Counter-proposals are in the works to save the Warthogs in Fort Wayne.
John Swanson, executive director of the Northwestern Indiana Regional Planning Commission is stepping down.
Muncie will provide $1.2 million to help turn an old hotel into senior housing.
Indiana University Northwest creates more than $100 million in economic activity for Northwest Indiana and the state, according to the results of a recent economic impact study.
That study, commissioned by Indiana University and conducted by Tripp Umbach, a leading economic development impact analysis firm, also found that IU and IU Health generated a combined economic impact of at least $11.5 billion for the state of Indiana and sustained 100,000 jobs during the 2010-11 fiscal year.
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Indiana’s economy is on the rebound, but the recovery remains fragile.
Indiana’s economy is showing signs of life as banks increase lending, real estate developers launch projects that have been on hold and consumers buy big-ticket items like cars. But experts and business owners caution the recovery is still fragile and say high gas prices, the European debt crisis and other factors could cause it to stall.
Though unemployment remains at 8.7 percent, overall employment in Indiana hit 2.81 million in December, its highest level since March 2009, the Indianapolis Business Journal reported. Indiana University’s index of leading economic indicators, which measures manufacturing, housing, transportation and banking activity nationwide — rose in January to its highest level since Sept. 1, 2008.
Navistar’s decision to consolidate RV production in Wakarusa will result in about 300 new Hoosier jobs.
Construction of a new $9.6 million pig adventure center in Northwest Indiana will begin soon.
Business advisor Lorri Feldt has been named regional director of the Northwest Indiana Small Business Development Center. She brings more than 25 years of business-based expertise to the role. She has worked at Whirlpool Corp. in sales, customer service and marketing management capacities, and as served as a consultant and instructor at Purdue University North Central.
The Fort Wayne Black Chamber of Commerce is set to debut today.
A Warsaw-based financial services firm is opening a fifth office in Fort Wayne.
Federal stimulus funds helped more than 80 new businesses get started in Lake and Porter counties.
The commercial building business in Northwest Indiana is showing signs of revival.
The Northwest Indiana Forum elected Don Babcock (NIPSCO) to continue in his role as Chair of the 2012 Managing Board of Directors with a unanimous vote. Jill Ritchie (United States Steel Corporation) will serve as Chair-Elect and Tom Keilman (BP) as Secretary/Treasurer.
Building on the history of strong and effective volunteer committees’ work, Charles Weaver (Starke County Economic Development Foundation) will lead the Economic Development efforts. Chairing Environmental Affairs and Public Policy are Robert Crookston (Microbac Labs) and Jill Ritchie (United States Steel Corporation) respectively. Cal Bellamy (Krieg DeVault) will oversee the Audit Committee while Dewey Pearman (Construction Advancement Foundation) will handle member retention and recruitment duties.
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The Illiana Corridor Planning Group has narrowed the list of possible routes for the highway.
Of the four proposed routes, the group has preliminary recommended a route that would connect Interstate 65 in Indiana, running between Cedar Lake and Lowell, to Interstate 55 in Illinois, running between Midewin National Tallgrass Prairie and Wilmington.
The planning group said this route would offer the lowest potential cost, lowest potential funding gap, lowest environmental impacts, highest multipurpose corridor compatibility and most local support.
The favored route will move forward as the finalist, with December as the “no-turning-back date.”
Greenwood has put together an incentive package to keep an e-commerce company in town.
A new full-body scanner has debuted at the South Bend airport.
The head of the Indiana National Guard vowed to fight plans to eliminate a national Guard A-10 squadron in Fort Wayne
Muncie is eyeing a 20-year, $168 million sewer project.
The Chase Tower in South Bend can be yours for $8.3 million.
The Fort Wayne Air National Guard base, which employs nearly 1,000 and contributes $58 million to the local economy, may be targeted for cuts as the Defense Department looks to trim $500 billion in costs.
When Fort Wayne’s Air National Guard base announced in 2009 the replacement of its sleek F-16 fighters with A-10s, it was said that the arrival of the ground-attack planes’ expected 20-year lifespan would assure the facility’s longevity.
Today, the “Warthogs’ ” presence has reportedly targeted the base for closure, casting doubt on the future of a facility that employs 955 people and injects more than $58 million into the local economy every year.
That’s because the $500 billion in cuts announced last week by the Defense Department include the elimination of five A-10 units, including three in the National Guard. First Lt. Rebecca Metzger, public affairs officer for the 122nd Fighter Wing at Fort Wayne International Airport, said the base has not been told whether it will be affected by the cuts, but expects notification “in the next week or so.”
The right-to-work bill is headed to a final vote this morning.
The Harrison project in Fort Wayne is finally underway.
Steel workers and the oil industry have reached a new deal, averting a possible work stoppage.
Amazon is expected to build yet another distribution center in Indiana, this time in the River Ridge Commerce Center in Jeffersonville.
The Evansville CVB is planning a $550,000 marketing blitz this spring.
A task force has identified the 15 worst grade-level railroad crossings in Northwest Indiana and is looking for funding to fix them.
The Indiana House has approved a plan to fund the maintainence of the Little Cal levee.
The Construction Advancement Foundation of Northwest Indiana (CAF) is inviting high school guidance counselors from around the region on a “field trip” to showcase the cutting-edge facilities, extensive skills and comprehensive training offered by the area’s building trades. The day-long event on Wednesday, February 15th includes a tour of four building trade apprenticeship facilities, a union job site walk-through.
The field trip is free for high school guidance counselors.
“Northwest Indiana is home to some of the nation’s best union tradespeople and top union training facilities,” says Dewey Pearman, CAF’s Executive Director. “Together with the region’s union contractors, they provide critical talent and services for some of the world’s largest corporations, such as BP and ArcelorMittal. And these trades also provide a lucrative potential career path for area students.”
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The opening date for the new Porter Hospital has been moved up three months to August 25th.
Porter’s Chief Executive Officer Jonathan Nalli recently announced that the construction of the new 266-bed Porter hospital at the corner of Ind. 49 and US 6 is three months ahead of schedule and that the transfer of patient care activities will now occur on Saturday, Aug. 25, rather than the originally projected date in late November.
Additionally, Nalli stated that Porter will be modifying both the system and hospital name to more accurately fit its new presence in Northwest Indiana.
“We are very happy to announce that after much research and the input from a wide variety of constituents, it has been decided that the new system name will be officially changed from Porter, to Porter Health Care System. And, the name of the hospital will be modified from Porter, Valparaiso Hospital Campus to Porter Regional Hospital,” he said.
Indianapolis-based Republic Airways has hired a CEO for its Frontier Airlines unit in preparation for shedding the business.
Hoosier businesses are bullish on 2012.
More than a dozen people have reportedly been injured in a partial collapse at the construction site of Cincinnati’s new casino.
Progress Rail is holding a job fair in Muncie on February 4th.
A “destination” disc golf course is hosting its first tournament in Richmond.
Tourism in Northwest Indiana is projected to increase in 2012.