Business

Business
3:41 pm
Fri June 21, 2013

Purdue Extension helping IN melon farmers

Indiana melon farmers are trying to better understand Food and Drug Administration requirements in preparations for upcoming inspections later this year. The FDA plans to inspect all cantaloupe operations nationwide in response to a pair of bacterial outbreaks.

More than two dozen farmers gathered this week at a farm in Vincennes to talk about what they say is an uncomfortable but necessary topic—how to prevent food borne illness.

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Business
2:45 pm
Fri June 21, 2013

IN unemployment rate declines in May, mostly up for the region

Indiana’s unemployment rate declined in May as the private sector added 9,000 jobs during the month, according to new data released Friday. The rate is 8.3%, down 0.2% from April.

The Indiana Department of Workforce Development reports employment of Hoosiers is now at pre-recession levels not seen since July of 2008.

Unemployment in Tippecanoe and surrounding counties is mostly up for May. Benton County saw the largest decline at 0.6% to 8.2%. There was a 0.1% decline in Clinton and White counties.

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Business
4:13 pm
Thu June 20, 2013

Rezoning of former airport moving forward

A proposed rezone for part of the former Aretz Airport in Lafayette is moving forward with approval from Tippecanoe County officials.

The Area Plan Commission approved a request to rezone the western half the property as General Business. The nearly 11 acre site northeast of the State Road 25 and Interstate 65 intersection is currently zoned Residential and Agricultural.

APC Executive Director Sallie Fahey says the General Business designation is closer to what her staff would like to see at the airfield.

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Business
6:00 am
Mon June 17, 2013

Crowd funding helps local entrepreneur

ATOM - A Tool of Multipurpose is being funded through preorders taken on Kickstarter.com.

Crowd funding is allowing an entrepreneur from the Lafayette area to sell his invention.

Sean Connell created “A Tool of Multipurpose” (ATOM). He used the crowd funding website Kickstarter for people to pre-order it. That money will allow him to produce the key-shaped tool.

Connell has surpassed his goal by more than $30,000. He says the website he used does have some restrictions, but the screening is done by potential funders who read about the investment or product and the project’s creator.

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Business
4:16 pm
Thu June 13, 2013

Purdue hires INDOT commissioner

Mike Cline will become Purdue's vice president for physical facilities July 1.
Credit Purdue University

Purdue’s next vice president for physical facilities is coming from state government.

The university is hiring Indiana Department of Transportation Commissioner Mike Cline. He graduated from Purdue in 1988 with a degree in civil engineering.

Cline has been with INDOT since 2006. When Purdue President Mitch Daniels was governor, he appointed Cline as commissioner in 2010. Governor Mike Pence reappointed him to the position earlier this year.

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Business
3:00 pm
Thu June 13, 2013

New coworking venture has name, logo

A new co-working site in downtown Lafayette has a name and a logo.

MatchBOX Coworking Studio is located in the Stein Building at the southeast corner of Sixth and South streets.

The space is owned by the Tippecanoe County Public Library, but the city is leasing it for just one-dollar a year.

Lafayette Economic Development Director Dennis Carson says the logo for the new venture is matchsticks and a matchbox.

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Business
9:18 am
Wed June 12, 2013

Construction of iron ore pellet plant in White County underway

Construction of the Magnetation facility in Reynolds is expected to take more than a year. The $350 million plant sits on 283 acres on White County Road 100 North.
Credit Mike Loizzo / WBAA Radio

A multi-million dollar project in White County has begun. Minnesota-based Magnetation is building a $350 million plant in Reynolds that will recycle iron waste to produce iron ore concentrate. The company is working with AK Steel, which will use the iron pellets produced there.

Magnetation CEO Larry Lehtinen says the facility will use the latest technology to make it one of the most efficient plants of its kind.

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Business
4:20 pm
Mon June 10, 2013

Car sharing coming to Indianapolis

Next spring, those traveling around Indianapolis will have a new transportation option. French company Bollore is starting an electric car share program in the city.

Users will pay a monthly fee and a per trip service rate, which have not been determined yet. In Paris, monthly membership is $16 and it costs about $4.50 for a 20 minute trip.

Indianapolis Mayor Greg Ballard believes the program will help create a more vibrant downtown and attract new people to the area. He says it could mean residents put off buying a car or second car.

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Business
11:28 am
Fri May 17, 2013

IN unemployment rate declines in April

Indiana’s unemployment declined 0.2% in April. The Department of Workforce Development reports that was the largest one month decline in more than a year and happened even though there were fewer manufacturing and construction jobs available. Indiana’s unemployment is 8.5%, which is close to what it was in April, 2012.

The unemployment rate in Tippecanoe and surrounding counties fell in April – in most cases, more than a full point.

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Business
10:42 am
Tue May 14, 2013

County Council gives initial approval for tax abatement

A five-year, nearly $2-million property tax abatement for a company that creates and applies custom wraps for tractor trailers has received initial approval from Tippecanoe County officials.

TKO Graphix plans to construct a roughly 13,000 square foot commercial building on a 30 acre lot at the intersection of County Road 450 South and Concord Road.

The company refurbishes used tractor-trailers and adds vinyl lettering and large-format graphics for a variety of commercial clients.

TKO estimates bringing ten new jobs to Tippecanoe County with the new facility.

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