COMMERCE: Economic development signal improved sector health

Times Board of Economists - Update from Rex Richards, president, Greater Valparaiso Chamber of Commerce
2013-10-20T00:00:00Z 2013-12-18T16:20:18Z COMMERCE: Economic development signal improved sector healthVanessa Renderman vanessa.renderman@nwi.com, (219) 933-3244 nwitimes.com

With announcements of economic development coming to Porter County, Rex Richards can't help but be optimistic about the health of that corner of the Region.

It is faring slightly better than the national level, said Richards, president of the Greater Valparaiso Chamber of Commerce.

Pratt Industries unveiled plans to build a $260 million, 250,000-square-foot paper recycling plant next to its cardboard box plant in Valparaiso. And Urschel Laboratories broke ground on a new manufacturing and global headquarters in Chesterton.

"That bodes well for our sector and for our particular aspect of the Region," he said.

The local public school system in Valparaiso is discussing capital improvements, and Valparaiso University is moving forward on a new dormitory and demolition of a relocated hospital.

"Valparaiso University has consistently been making brick and mortar investments over the past eight years," Richards said.

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