INSIDE INDIANA BUSINESS: Hoosier economies shine in federal report

2013-09-23T12:15:00Z 2013-09-23T17:46:07Z INSIDE INDIANA BUSINESS: Hoosier economies shine in federal reportGerry Dick Inside Indiana Business nwitimes.com
September 23, 2013 12:15 pm  • 

Three Indiana communities were among the top 10 fastest-growing economies in 2012, based on Gross Domestic Product. Elkhart-Goshen, Columbus and Kokomo ranked highly in a United States Bureau of Economic Analysis report. The bureau says durable-goods manufacturing spurred growth in those areas. Kokomo Mayor Greg Goodnight says his city and many others are hoping to maintain momentum by continuing efforts to diversify their economies. He says education and quality of life also play major roles in the city's economic growth.

 

Trine Touts Economic Impact

Trine University expects to have a $73 million economic impact on the state during the current academic year. The school says sports, academic and entertainment activities at the Angola campus draw nearly 50,000 visitors annually. Trine employs more than 450 people in Steuben County.

 

Regional Chamber Wants Tax Deduction Restored

The Regional Chamber of Northeast Indiana is calling for a change in state tax law. It wants a tax deduction for manufacturers restored, saying the option is available to competitors in at least 25 other states.

 

Hoosier Company to be Featured Nationally

A Brownsburg-based home improvement business will be featured on national television. Natural Valley Recycled Granite will be part of an episode of DIY Network's Bath Crashers. It is scheduled to premiere tonight.

 

Indiana Architecture Group Announces Awards

American Institute of Architects Indiana has presented its annual awards to top designers and organizations. The honors include Architecture Firm of the Year, Young Architect of the Year and Legislator of the Year.

 

Plastics Company Cuts Ribbon on Major Expansion

A Michigan-based plastics company has marked the opening of a nearly $10 million expansion in Blackford County. Petoskey Plastics Inc. says the improvements and increased capacity at its Hartford City recycling facility have created 80 jobs.

 

Indy Airport Plaza Opens

A new service plaza at Indianapolis International Airport is open. The airport authority says operations started over the weekend at a gas station and convenience store. Two restaurants at the location are expected to open later this year.

 

Tempel Honored by National Publication

Indiana University Lilly Family School of Philanthropy Founding Dean Gene Tempel has been named The NonProfit Times' "Influencer of the Year." The publication says "it can be argued that nobody has spent more time" effectively building a philanthropy center.

 

Vectren Opens Danville Center

Evansville-based Vectren Corp. has cut the ribbon on a $3.5 million facility in Danville. The utility says it plans to add a small amount of new workers to the 45 already employed at the operations center.

 

Rolls-Royce Secures Defense Contract

Rolls-Royce Corp. in Indianapolis has been awarded a nearly $50 million U.S. Air Force contract. The work, which will be carried out elsewhere, is expected to be complete in 2015 and involves engine depot activation.

 

IU Names Med. School Leader in Muncie

The Indiana University School of Medicine has selected Derron Bishop as interim director of the IU School of Medicine-Muncie. He currently serves as an adjunct associate professor at the school.

 

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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