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Mississippi-based Hancock Fabrics is going out of business, shutting down its four Indiana stores and nearly 200 more.

The fabric and crafts retailer filed for bankruptcy in February, but no company came forward to buy its $280 million in retail assets.

Hancock Fabrics' Indianapolis, Carmel, Fort Wayne and Clarksville locations will hold clearance sales over the next few months before closing down. They employ about 40 people total.

 

Annie Ropeik

In the coming months, Subaru needs to add hundreds of workers at its huge Lafayette plant. But it hasn't been easy for the car-maker or other manufacturers to hire people with the right skills.

So they're teaming up, with trainings starting in April, to create a new workforce from scratch.

Lafayette's Subaru of Indiana Automotive, or SIA, is the only Subaru factory outside Japan. Inside, 5,000 people are turning chunks of steel into cars.

Dave Dugdale / https://www.flickr.com/photos/davedugdale/

 Medical device manufacturers across the state are getting some temporary relief after Congress approved a two-year suspension of the medical device tax at the end of last year.

Indiana Public Broadcasting’s Barbara Brosher reports industry leaders are hopeful the suspension will turn into a permanent repeal of the tax after a new president takes office.

Chris Morisse Vizza

It’s taken nearly half a decade, but the owner of West Lafayette’s Wabash Landing apartments and retail center is back on track with plans to redevelop vacant retail space.

West Lafayette Economic Development Director Chandler Poole says owner Jimmy Curtis plans to build a five-story, 115-unit apartment building where vacant storefronts line the walkway that bisects the mixed use development.

Open Grid Scheduler / https://www.flickr.com/photos/opengridscheduler/23814128096

 

 

After nearly two years of increases and a historic spike last fall, grocery prices have started to drop in Indiana.

 

That's according to the Farm Bureau's latest spring survey, which has looked at the price of a basic basket of groceries in spring and fall for nearly 30 years.

 

The survey adds up the average cost of a "market basket" of 16 items, including milk, eggs, meat and produce. This spring, that basket totals $52.61.

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