Indiana's unemployment rate stood at 3.2 percent in April for the third consecutive month. The Indiana Department of Workforce Development says the state lost 7,000 private sector jobs last month, however U.S. Bureau of Labor Statistics figures show Indiana's labor force increased by more than 11,600.
Unprecedented Mount Vernon shipments drive record: The Ports of Indiana is reporting a record first quarter. The statewide port authority says the Port of Indiana-Mount Vernon had the highest volume ever for any Indiana port in the first three months of the year, driving the total cargo handled by the three ports to 3.2 million tons.
Saint Joe rector details move to two-year model: The rector of Saint Joseph's College is elaborating on the beleaguered school's decision to switch to a two-year model and a proposed partnership with Marian University in Indianapolis. Father Barry Fischer says the move provides a more feasible path for the school to return after campus activities were suspended in early 2017.
State OKs potential convention center funding mechanism: Lawmakers approved a bill during Monday's special legislative session that could clear the way for a new convention center or improvements to existing tourism facilities in Vigo County. House Bill 1242, which also involved several tax issues and exemptions, allows the county to make its own decision on a food and beverage tax to fund convention or tourism projects.
'Top-Tier,' $250M project proposed near Purdue: Lafayette-based Trinitas Ventures has launched the early stages of what could be a $250 million development in downtown West Lafayette. Senior Vice President of Mixed-Use Development Aaron Bartels, who is leading the Chauncey Hill Mall project, says "all of the factors that you look at" have come together in Tippecanoe County. Full details have not yet been finalized, but the developer says the vision could include retail, restaurant, residential, hotel and office space. In an interview with Inside INdiana Business, Bartels said the finished product will create "a true sense of place in downtown" for both the city and nearby Purdue University.
Honda begins Insight production, announces investment: Honda Manufacturing of Indiana has announced more than $30 million in new investment at the Greensburg plant as it begins mass production of the 2019 Honda Insight. The project includes a nearly 20,000 square-foot facility expansion to accommodate the vehicle's assembly. Honda says the Insight marks the first time HMIN has produced an electrified vehicle. The automaker debuted the hybrid sedan in January at the North American International Auto Show in Detroit. Senior Vice President Tim Myers says the investment is part of Honda's Indiana success story.
Turnstone secures Olympic-level designation: Turnstone Center for Children & Adults with Disabilities in Fort Wayne has received a long-anticipated designation. The United States Olympic Committee has named the agency and its Allen County athletic facilities the seventh U.S. Paralympic Training Site.
Triple XXX Root Beer appears in prime time: A soft drink brand that carries the name of an iconic West Lafayette restaurant has been featured on a national television series. In a message on the Triple XXX Family Restaurant's Instagram page, co-owner Carrie Ehresman said the recent appearance of Triple XXX Root Beer on NBC's "Chicago Fire" was not product placement.
Steel Dynamics adding Terre Haute operation: Fort Wayne-based Steel Dynamics has acquired a Terre Haute steel producer. The deal for Heartland Steel, a subsidiary of Brazil-based CSN Steel S.L.U., is valued at $400 million.