Business

Business
3:49 pm
Fri December 19, 2014

Jobs Report: Almost 16,000 Positions Created In November

It's the most jobs the state has seen created in any month for a decade-and-a-half.
Credit Andreas Johannsen / https://www.flickr.com/photos/andjohan/564471485

Indiana’s private sector added more jobs last month than any single month in 15 years.  Yet the state’s unemployment rate remains unchanged.

The private sector added nearly 16,000 jobs in November, led by huge gains in the Professional and Business services sector. 

But the state’s unemployment rate held steady for the third consecutive month at 5.7-percent.  That’s because the additional jobs were largely offset by additions to the workforce – more than 12,000 people last month joined the job hunt. 

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Business
4:30 pm
Thu December 4, 2014

GE To Invest $10 Million In Purdue Manufacturing Research

GE executives say they'd like to develop manufacturing processes where every component made includes sensors that describe how well it's working or if there are any defects.
Credit courtesy GE

General Electric has announced plans to invest $10 million with Purdue, in hopes researchers on the West Lafayette campus can help improve the company’s advanced manufacturing technology.

GE Director of Global Research Mark Little envisions a day where each part made in a GE factory includes sensors which communicate how well the part works. But that day is far in the future, he says.

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Business
6:00 am
Thu November 20, 2014

Large Crops Not Translating To Large Bankrolls For Farmers

It makes sense that large harvests should lead to large payouts -- but not this year.
Credit David Wright / https://www.flickr.com/photos/dhwright/14934151279

The truck traffic at Kokomo Grain Company is constant.

"We will process between 400 and 500 trucks a day in the 12-14 hour day at this facility," says Senior Grain Merchandiser Mike Silver.

He says all of the truckloads of corn and soybeans can add up to 750,000 bushels per day. Trucks dump the grain quickly, but a long line soon snakes around the Kokomo Grain’s entrance.

Indiana and several other Midwestern states are poised to break records with this year’s yields, so the grain elevators here are already halfway full.

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Business
5:19 pm
Mon November 17, 2014

Indiana Chamber To Renew Sunday Alcohol Sales Debate

Though it's not one of the Chamber's top priorities, leaders say the group will again push for Indiana to join the rest of the nation in allowing alcohol sales in stores on Sundays.
Credit Wayan Vota / https://www.flickr.com/photos/dcmetroblogger/535670898

Hoosiers could get the opportunity to buy alcohol every day of the week as the Indiana Chamber pushes the legislature to allow Sunday alcohol sales. 

Indiana Chamber of Commerce President Kevin Brinegar says though it’s not a top priority, promoting Sunday sales will be one of the efforts it pushes when the legislature convenes in January. 

House Speaker Brian Bosma says he personally doesn’t have a problem with legalizing Sunday sales, but says it likely won’t have a significant fiscal impact.

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Business
4:00 pm
Wed November 12, 2014

Upon Further Reflection, Study Committee Still Advocates Business Tax Rollback

The change could remove a billion dollars from local government coffers each year.
Credit Dave Dugdale / https://www.flickr.com/photos/davedugdale/

A study committee made up of Indiana governmental and business leaders wants the General Assembly to mandate the elimination of part of the state’s business personal property tax. 

The legislature last session passed bills giving local governments the options of eliminating the business personal property tax for new purchases and exempting small businesses from the levy. 

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