INSIDE INDIANA BUSINESS: NIPSCO plan gains key approval

2014-01-28T12:48:00Z 2014-01-28T14:30:50Z INSIDE INDIANA BUSINESS: NIPSCO plan gains key approvalGerry Dick Inside Indiana Business
January 28, 2014 12:48 pm  • 

The Indiana Office of Utility Consumer Counselor is recommending approval of Northern Indiana Public Service Co.'s seven-year, $713 million capital improvement initiative. The Indiana Utility Regulatory Commission is required to issue a ruling on the plan by May.

First Merchants Reports Record Year

Muncie-based First Merchants Corp. is reporting record net income for 2013. Chief Executive Officer Mike Rechin says the earnings report caps a "highly successful year," which included a merger with CFS Bancorp and organic loan growth. 

Minimum wage debate reignites

Ball State University economist Michael Hicks says he's not sure an across-the-board federal minimum wage increase is "the right medicine" to fix the nation's wage growth problem. He says President Barack Obama's plan to raise the minimum wage for federal contract employees could be a way to spark more conversation about a wider-ranging increase. Hicks believes a dual minimum wage based on age and experience could be more effective. Obama is expected to detail his plan in tonight's State of the Union address.

Fort Wayne Preparing For GE Departure

A Fort Wayne city official says Connecticut-based General Electric Co. will continue to communicate with city leaders about the future of its property. The company is planning to shut down its two remaining Fort Wayne operations.

Velocity Indiana Continues Growth

Velocity Indiana says a 400 percent increase in membership is leading to a doubling of its co-working space. The southern Indiana business accelerator says it is also adding amenities and two new staff members.

Proposal Would Reduce Propane Tax

A group of state senators is pushing an amendment to a bill designed to ease some of the burden of rising propane costs. The amendment would eliminate sales tax on the fuel if it's purchased for more than $2.50 per gallon.

Former AIT CEO Joins Community

Community Health Network has named Ron Thieme chief knowledge & information officer. Thieme previously served as chief executive officer of Indianapolis-based AIT Laboratories. In his new role, Thieme will oversee the health care system's knowledge management activities.

Trine Announces Physician Assistant Program

Trine University's School of Health Sciences is launching a physician assistant program. The school says the partnership with Lutheran Hospital in Fort Wayne will include specialties such as orthopedics and trauma.

City, County Partnering For Skills Training

A new initiative in central Indiana is targeting the skills gap. The Manufacturing Skills Connection is a partnership among Shelby County, the City of Shelbyville and local educators and employers to provide certification and job opportunities.

Indy Library to Release Strategic Plan

The Indianapolis Public Library is set to unveil a preliminary strategic plan. This evening's presentation will include an opportunity for public input and cover facility, finance and partnership objectives for 2015-2020.

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