The executive director of the Clark and Floyd Counties Convention and Tourism Bureau says the Indiana side of the Ohio River could get a nearly 20 percent "piece of the pie" from this week's National FFA Convention in Louisville. Jim Epperson says the event is expected to have a $40 million impact on the metro area, which includes parts of southeast Indiana. He says visitors are staying in hotels as far out as Seymour and French Lick. He tells Inside INdiana Business one of the biggest challenges is preparing hotels, retailers and restaurants for the influx of FFA supporters.
GE Scales Back Cuts in Bloomington
Today is the final day at work for more than 100 employees at Bloomington GE Appliances. The Herald Times reports 131 people are being let go, down from the 160 originally planned.
Proposed Power Plant Emission Rules Spark Debate
The U.S. Environmental Protection Agency is calling for public comments about potential new carbon emission standards for power plants. Supporters say the standards will help deal with health and environmental concerns. Opponents say they over reach and will have a devastating impact on the coal industry, which is responsible for producing the majority of Indiana's electricity.
Bassett Announces Retirement
The Chairman of Chase in Indiana says he will retire at the end of the year. Dennis Bassett will step down as the firm's top executive in the state after 10 years in the position.
Former V Foundation Head Coming to Purdue
The former president of the V Foundation for Cancer Research will speak next week at Purdue University. Nick Valvano, brother of the late college basketball coach Jim Valvano, will deliver the keynote address of the school's Cancer Culture & Community Colloquium.
Ohio River Bridges Project Job Fair Set
A job fair for work associated with the Ohio River Bridges Project is set for next week in Clark County. The event will feature steel, construction and engineering companies involved in the project, as well as local union representatives.
Crowdfunding Expert to Speak in Indy
An executive with a global crowdfunding company will host a seminar in Indianapolis ahead of the 2013 Indiana Governor's Conference for Women. Indiegogo Director of Social Innovation Amy Lesnick will focus on how entrepreneurs can use the platform to raise startup funds.
Airport Executive to Lead Center
The University of Indianapolis has named Corey Wilson associate vice president in charge of the newly-formed Professional Edge Center. He is currently director of supplier diversity and director of IND AeroVision at Indianapolis International Airport.
IT Company's Expansion Plan Moves Forward
The Jeffersonville Redevelopment Commission has approved a tax abatement proposal from Rivera Consulting Group Inc. The News and Tribune reports the Sellersburg-based company is looking to relocate its headquarters to Jeffersonville and add around 120 jobs.
Wabash National Posts Slight Profit Decrease
Lafayette-based Wabash National Corp. is reporting third quarter net income of $16.2 million, compared to $18.4 million during the same period last year. Chief Executive Officer Dick Giromini says despite the profit decrease, its Commercial Trailer Products division recorded some of the best results since before the recession.
Duke Realty Reports Higher FFO
Indianapolis-based Duke Realty Corp. is reporting third quarter 2013 core funds from operations of $94.2 million, compared to $72 million during the same quarter in 2012. The company is also reporting a loss of $6.7 million, compared to net income of $28.9 million the previous year.
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