New jobs nudge NWI economy ahead
New jobs boosted the Northwest Indiana economy in March and April, with an index of region economic growth showing the economy here outperformed that of both the state and nation. The Northwest Indiana Index, which takes the pulse of the region's economy every month, increased to 137.5 in April from 136.2 two months before.
Bringing a bit Warren Buffet to the region
Larry Hitz said the change to Berkshire Hathaway Executive Group Real Estate gives the firm a name that is highly respected in the business world, with a solid financial backing and a direct association with Berkshire Hathaway’s chairman and CEO, Warren Buffett. “There are not very many times in the history of his company that he has branded one with his own (company’s) name,” Hitz said. “It’s a great opportunity for us, for our agents.”
Blast furnaces idled at local steel mills
Two blast furnaces at Northwest Indiana mills have gone out of commission. An unplanned outage occurred at the No. 8 blast furnace Gary Works, the nation's largest steel mill. ArcelorMittal also is idling the No. 7 furnace at ArcelorMittal Indiana Harbor East – the biggest in the United States – for a maintenance project that is expected to take two months.
Carmeuse Limo to grow, invest in greener technology
An international mining company is planning a major expansion in Buffington Harbor and a new green technology facility near the Gary/Chicago International Airport. Carmeuse Lime plans to invest up to $10 million in the project, creating as many as 100 full-time and construction jobs.
Two NWI casinos notch May revenue increases
The drop in Northwest Indiana casino revenues slowed further in May, with total revenues down just 3.6 percent at the five gaming boats as compared to May 2013, according to the Indiana Gaming Commission's monthly revenue report. Two of the gaming boats, East Chicago's Ameristar and Michigan City's Blue Chip, notched revenue increases of 3.4 percent and 3 percent respectively.