STORY OF THE WEEK

2013-04-28T00:00:00Z STORY OF THE WEEK nwitimes.com
April 28, 2013 12:00 am

BP project conclusion will involve big layoffs

The $3.8 billion BP Whiting refinery project is set to wrap up later this year and layoffs of involved construction workers are expected. This week, Meade Electric Co. Inc. announced its plans to lay off 569 employees working on the massive BP project starting in late June. The refinery project began in May 2008 and has had as many as 10,000 skilled tradespeople working on the project during peak activity, according to BP.

Three local projects earn attention from engineering magazine

The April issue of Engineering News-Record Midwest magazine named three local projects as part of the Midwest Top Project Starts of 2012 list. The 50-project list ranks BP Whiting’s Fluor GOHT Mechanical Electrical Instrumentation No. 10, the Lake Central High School addition and renovation No. 20 and NIPSCO’s R.M. Schahfer Generating Station Upgrade No. 34.

NWI home sales have a spring in their step

Single-family home sales in Northwest Indiana increased 23.3 percent in March, marking their 21st consecutive monthly increase on a year-over-year basis, according to sales figures from the Greater Northwest Indiana Association of Realtors. Selling prices locally were stable in March, with the median selling price of homes up just 0.4 percent, according to the association.

Business offers space to work when a dedicated office is too much

NWICoworking is an 11,000 square foot workspace based in Schererville that allows small business owners and employees to utilize a quiet workspace without renting a brick and mortar facility of their own. Those joining early will pay from $12 a day to $153 a month for 24/7 secure, key-code access. While they expect to appeal to freelance artists, web designers and others, Vestal said he believes the co-working space could have an appeal to Chicago commuters who need a quiet space before facing the distractions of home.

E.C. clinic to focus on care for uninsured, underinsured

A health clinic that will provide care to uninsured and underinsured people is scheduled to open June 1 at 100 W. Chicago Ave. HealthLinc, a federally qualified health center, or FQHC, received funding for the clinic. It will partner with St. Catherine Hospital to offer primary care, preventive care, family practice and OB/GYN among other services. Several thousand patients already rely on care from an FQHC at 1313 W. Chicago Ave., but that will close at the end of May. The HealthLinc site will fill the gap.

Peoples Bank parent sees 23 percent higher earnings

NorthWest Indiana Bancorp, the holding company for Peoples Bank, reported a first quarter earnings increase of 23.3 percent. Net income was $1.7 million, or $0.59 per share, for the three months that ended March 31, compared to $1.4 million in the same period of 2012. The return on average assets was 0.97 percent and the return on equity was 9.52 percent, according to the company. At the end of the quarter, the bank's assets totaled $688.8 million.

 

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