Monday, November 18, 2013

Good Pay. Good Benefits. No Workers!

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Inside Edge E-Newsletter - Midday Report

November 18, 2013
INside Edge
Midday Report

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Good Pay. Good Benefits. No Workers!

Image Issues Impact Trades

A central Indiana plumbing company is offering free training and other perks, but still finds it challenging to find workers. Indianapolis-based Hope Plumbing Owner Jack Hope says his company will pay for a training program and once completed plumbers could be making up to $50,000 per year. His company also provides a take-home vehicle and cell phone. During an appearance on Inside INdiana Business Television, Hope says a perception issue is preventing his company and others in the traditional trades from finding enough qualified workers.

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BAE Picks New Fort Wayne Location

Efforts to build a new BAE Systems facility in Fort Wayne are moving forward. The Journal Gazette reports the Allen County-Fort Wayne Capital Improvement Board has approved incentives for a proposed $39 million plant near Fort Wayne International Airport. The move would preserve more than 1,000 jobs in the Allen County city.

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Pence Tours Storm-Damaged Areas

Governor Mike Pence will continue to tour storm-ravaged parts of the state this afternoon following yesterday's severe weather. Thousands of homes and businesses in several areas remain without power as damage assessments and cleanup continue. Pence has already stopped in Kokomo and Logansport and is scheduled to visit the VoestAlpine plant in Lafayette. WLFI-TV in West Lafayette reports the auto supplier sustained major damage.

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Organizations to Boost Elkhart Marketing Efforts

An initiative designed to market the city of Elkhart is set to receive $250,000. The funding for Supporting Our Main Assets, a program launched by Mayor Dick Moore and guided by the Lerner Theatre board, will come from the Elkhart County Convention & Visitor's Bureau and the county's redevelopment commission.

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NASCAR Sends Trees to Westfield Sports Park

Grand Park Sports Campus in Westfield is receiving nearly 100 trees as part of a NASCAR program designed to offset carbon emissions from races. The 400-acre complex is scheduled to open in the spring.

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Pence Announces BMV Leader

Governor Mike Pence has appointed Kent Schroder interim commissioner of the Indiana Bureau of Motor Vehicles. He has served in executive roles with the organization since 2005 and will succeed Scott Waddell, who announced his resignation last month.

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Hubbard Program to Reward Teachers

The Indianapolis-based Hubbard Family Foundation Inc. has announced a plan to invest up to $400,000 to reward "life-changing" Indianapolis Public Schools teachers. The United Way of Central Indiana will administer the program which will select four teachers each year to receive $25,000.

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Development Continues in Downtown South Bend

South Bend-based Matthews LLC is planning to invest $2.5 million in a project to build a five-story apartment complex in the city's downtown. It's expected to be complete next spring. South Bend officials say more than a dozen new urban businesses have opened during the last couple months.

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Celadon Announces Canadian Deal

Indianapolis-based Celadon Group Inc. (NYSE: CGI) is expanding its footprint in Canada. It has a deal to acquire selected assets from N. Yanke Transfer Limited in Saskatchewan. Celadon says the agreement, along with the acquisition of Hyndman Transport earlier this year, should bring its number of drivers in Canada to more than 800.

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Deal Involving Southlake Mall Closes

A deal for a group of shopping centers, including a mall in northwest Indiana, has closed. Connecticut-based Starwood Capital Group Global LLC says it has completed the acquisition of seven regional malls from Westfield Group LLC. The transaction includes Southlake Mall in Merrillville.

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LNG Station Set to Open

Officials are set to cut the ribbon on the state's latest liquefied natural gas station. The event will take place tomorrow in Sellersburg.

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Salin Bank Hires VP

Indianapolis-based Salin Bank & Trust Co. has named Frank Whelan vice president. He most recently served in a similar position at Bank of Montreal - BMO Harris Bank.

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INside Edge Stories

All stories posted on the INside Edge can be found on www.insideindianabusiness.com.

Edited by: Wayne Pratt, Andy Ober and Dan McGowan


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PERSPECTIVES

Investment Crisis Ahead?

Is there a new crisis on the horizon? While the European recession, Chinese slowdown, U.S. Treasury downgrade and concern for a "new bubble" in the housing market have all caused momentary heartburn, none has risen to the level of a true crisis. However, some individual investors may be in their own investment crisis right now.

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VIEWPOINT:

Poll: Improving The State Capital

What is missing from downtown Indianapolis? Read and cast your vote. Last week, 50 percent of respondents said the Indiana economy will perform about the same in 2014.

STOCKS

Market Indexes at 11:45
Dow: 15,999.91 (+38.21)
Nasdaq: 3,988.15 (+2.19)
S & P: 1,801.12 (+2.94)
Oil: 94.12 (+0.28)



TV: Next on 'Inside INdiana Business With Gerry Dick'
The Weekend of November 22

The INnovators with Dr. K returns with a young entrepreneur from Hanover College in the hot seat. Tune-in Friday at 7:30 p.m. on WFYI 1, 10 p.m. on WFYI 3 and at a special time Sunday at 10 a.m. on WTHR-TV Ch. 13 in Indianapolis. Check local listings for other times around the state.

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News and Perspective From the Indiana     Chamber

Study: Pay Variances Lead to Workplace Cheating

High "rewards" may not be a primary reason for workplace cheating, according to a University of Michigan business professor. His experiments reveal that knowledge of pay disparities, even at a very low level, are enough to prompt lower-paid employees to go the unethical route.

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Seeking a Vets in Tech Connection

The high unemployment rates for those returning from military service continue to be a major economic and societal challenge. A San Francisco-based initiative, Vets in Tech, is trying to change that - focusing, as the name suggests, on taking advantage of veterans' technical skills for placement in technology companies looking for additional talent.

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Deadline For Best Places Nominations is Friday

Should your company be considered one of the Best Places to Work in Indiana? Nominations are open for the ninth annual program. All participating organizations receive valuable employee feedback. Top companies are recognized in an awards celebration in May 2014.

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