The company plans to construct an 8,000 square-foot building – completed before the end of the year – in Earl Park at 700 North U.S. 41. The property already had abandoned tracks owned by the Norfolk-Southern Railroad.
Terry Hicks, vice president of sales and marketing, says the structure will allow four to six railcars under roof at one time.
Indiana’s private sector added jobs for the fourth straight month in July. However, the state’s unemployment rate remains steady.
July’s growth of 5,900 private sector jobs was significantly boosted by the Trade, Transportation and Utilities sector, which added nearly 11,000 jobs last month. That’s the sector’s biggest single-month increase in more than 20 years. Still, the state’s unemployment rate was unchanged at 8.4%.
IU Health Arnett opens its new facility Tuesday. The location on Sagamore Parkway between Nighthawk Drive and Happy Hollow Road will include services that have been offered at the Salisbury Street site.
Courtney Henchon is the administrative director for physician practices. She says the system’s imaging department will move into the space, which also features a larger urgent care with expanded hours than what were offered at the previous location.
Industry Week magazine lists Wabash National one of the best manufacturers in the United States. The Lafayette-based company is ranked at number 49 on the list that includes computer-maker Apple, Coach apparel company and Hershey foods.
Applications are being accepted for the fifth class of the Entrepreneurship Bootcamp for Veterans with Disabilities.
Purdue University's Krannert School of Management is one of eight schools at universities around the country that teach the bootcamp, which is aimed at helping post-9/11 veterans disabled as a result of their military service launch their own businesses. EBV teaches participants principles of entrepreneurship and small-business management. All expenses are paid.
A new law changing the way commercial residential property is assessed will decrease revenue to local units of government.
The common areas of apartment complexes, such as a pool, tennis court or garage, will be defined as residential property. That means the 2% property tax cap applies, instead of 3% for non-residential commercial property.
West Lafayette Clerk-Treasurer Judy Rhodes says that will result in a significant loss of money.
An IU 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.