Indiana University researchers say a renaissance is underway in the state’s manufacturing sector. However, the 2013 Indiana Manufacturing Industry Survey released Wednesday also shows potential storm clouds on the horizon.
Indiana University professor Steven Jones says growth in Indiana’s manufacturing industry is led by a surge in smart manufacturing – which combines things such as new technologies with reductions in energy needs. He says it gives local manufacturers an advantage over companies overseas.
Indiana’s unemployment rate had its biggest single-month drop in more than two years, but the state’s private sector also lost nearly three thousand jobs in August.
Indiana’s unemployment rate dropped to 8.1% last month, its lowest level in nearly a year. And both the manufacturing and private educational and health services sectors made significant gains, each adding 3,000 jobs. But the state’s private sector as a whole lost 2,900 jobs in August. And July’s employment numbers were revised downward, reflecting significant private sector job loss.
A national business accelerator program includes a firm located in the Purdue Research Park.
Spensa Technologies makes an automated insect monitoring system for commercial agriculture. Kim Nicholson, vice president of business development, says that allows producers to better manage pesticide use. It also is designed to cut labor costs, because the traps can send the information to a computer or mobile device with wireless technology.
Greater Lafayette Commerce wants feedback on job search resources you may have used in the past.
The Quality of Life Council is following up on one of the issues raised during an assessment of the area and how to make it more inviting.
Erin Nelson is heading up the effort. She says they want to know about the job opportunities in the Lafayette area. The Good to Great report last year showed young professionals aren’t satisfied with the positions available.
Purdue is putting a greater emphasis on commercialization of faculty, staff and student inventions.
To help move ideas to the marketplace more quickly, the Purdue Research Foundation created the Foundry. Officials say it’s a place to transform innovators into entrepreneurs by offering advice on legal matters, market analysis and business plans.
Greg Deason, executive director, says the move brings together all of Purdue’s resources that are available for starting new companies.
The Indianapolis International Airport will begin offering nonstop service to San Francisco next year.
The United Airlines flight is scheduled to leave Indy each morning at 8 a.m. A flight back from San Francisco will return just before 9 p.m. each night.
The Indiana Economic Development Corporation will provide United with a minimum revenue guarantee during the term of the one year agreement. IEDC has set aside $1.5 million in reserve funds to provide that.