INSIDE INDIANA BUSINESS: Indiana Lagging in Economic Mobility?

2014-06-16T13:51:00Z INSIDE INDIANA BUSINESS: Indiana Lagging in Economic Mobility?Gerry Dick Inside Indiana Business
June 16, 2014 1:51 pm  • 

The Chief Executive Officer of the Indiana Youth Institute says many Hoosier communities are struggling to provide opportunities for upward economic mobility for children. Bill Stanczykiewicz cites a Harvard University study ranking 12 of 17 Indiana regions below the national median in that area. He says social factors including teen pregnancy and single-parent homes reduce a region's prospects for economic advancement. Stanczykiewicz says programs aiming to boost post-secondary education and keep college graduates in Indiana can help boost economic mobility.

Indiana Operation Part of Massive Medical Device Deal

The parent company of a significant player in Warsaw's orthopedics sector has announced the acquisition of an Ireland-based competitor. Medtronic Inc. (NYSE: MDT), which has around 600 workers in Warsaw, is acquiring Covidien Ltd. for roughly $43 billion in cash and stock.

Indiana RV Company Adds Wisconsin Business

Elkhart-based Lippert Components Inc. has announced the acquisition of a Wisconsin-based company's recreational vehicle business. The deal for Actuant Corp. (NYSE: ATU) is valued at nearly $36 million.

State to Honor Mr. and Miss Indiana Science

Governor Mike Pence will announce this year's Mr. and Miss Indiana Science award winners this afternoon at the Statehouse. The student recipients are chosen each year for outstanding performance in classes, extracurricular activities and community service.

Hamilton County Among 'Healthiest' For Children

Hamilton County is on a national publication's list of America's 50 Healthiest Counties for Kids. U.S. News and World Report developed the rankings based on factors including infant death rate, percentage of children without health insurance and access to exercise opportunities.

Zimmer Addressing Concerns About Biomet Deal

The proposed merger of two Warsaw-based orthopedics companies has hit a hurdle. The European Commission announced last week that the information it has received about the Zimmer Holdings Inc. - Biomet Inc. deal is incomplete.

Saint Joseph's Chooses Interim President

Saint Joseph's College has named Stephen Hulbert interim president. He will succeed Dennis Riegelnegg, who announced his resignation last month. Hulbert previously served for 10 years as president of Nicholls State University in Louisiana.

Rose-Hulman Names Vice President

Rose-Hulman Institute of Technology has selected Wayne Dennison vice president for information technology and chief information officer. He most recently served as executive director of enterprise systems and services at Kennesaw State University in Georgia.

DEFENDER Announces President

Indianapolis-based DEFENDER Direct has named Jim Boyce president. He served in executive roles at companies including Procter & Gamble Co. before joining DEFENDER in 2011.

Independent Colleges Host Tour Program

Several Indiana colleges are taking part in the 2014 Independent Colleges of Indiana Tour Program. The effort runs through Wednesday and allows students and families to see eight universities in three days. Read More

Community Foundation Announces Grant Recipients

Northeast Indiana nonprofits have secured more than $900,000 in grants from the Community Foundation of Greater Fort Wayne. Recipients include Turnstone Center for Children and Adults with Disabilities, Allen County Education Partnership and the Interfaith Hospitality Network of Greater Fort Wayne.

'Masquerade' to Honor Bird

Pacers Sports & Entertainment President of Basketball Operations Larry Bird will be the featured at a popular annual fundraiser in Indianapolis. This year's Masquerade at Bankers Life Fieldhouse is set for October and has raised more than $8.5 million for programs dealing with at-risk youth during 12 previous events.

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