Monday, November 25, 2013

Passengers Suggest New Flights

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November 25, 2013
INside Edge
Midday Report

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Passengers Suggest New Flights

Fort Wayne Airport Considers Options

New survey results suggest business travelers at Fort Wayne International Airport want additional East Coast destinations. The study is a collaboration between the airport authority and the Northeast Indiana Regional Partnership and identifies New York City and Washington D.C. among the most-desired locations. A $600,000 federal grant helped fund the survey and is part of an overall authority initiative to seek more destinations.

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Jessica Miller with the Fort Wayne-Allen County Regional Airport Authority says the results will be taken straight to discussions with carriers.

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Berry Plastics to Streamline Operations

The chief executive officer of Evansville-based Berry Plastics Group Inc. (NYSE: BERY) says the company plans to close five plants throughout the U.S. During a conference call to investors last week, Jon Rich said the moves will affect around 200 employees.

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State Reminds Consumers About Online 'Use Tax'

The Indiana Department of Revenue is reminding Hoosiers to make sure state sales tax is collected for online purchases. The department says consumers are expected to pay a "use tax" if an online or catalog company does not ask for the state sales tax.

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Bridge Replacement Could Open Soon

An $18 million bridge project in Hammond could be complete ahead of schedule. Our partners at The Times of Northwest Indiana report the Indiana Department of Transportation may open the replacement for the Nine-Span Bridge early next month.

Read The Times of Northwest Indiana


Art Project Planned at Fort Wayne Stadium

A group of community art supporters has raised $230,000 to fund the creation of a large sculpture at Parkview Field in Fort Wayne. The display will feature a 24-foot flower with an LED lighting loop.

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Commission Approves Agreement With New Hockey Team

The Indiana State Fair Commission has confirmed plans for another hockey team in Indianapolis. Indiana Hockey Club LLC has reached a five-year deal to locate a minor league team at the renovated coliseum at the Fairgrounds. KAR Auction Services Inc. (NYSE: KAR) Chief Executive Officer Jim Hallett is chairman of the team and says the club will compete in the ECHL next season.

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River Valley Bank Wraps up Branch Deal

Madison-based River Valley Bancorp (Nasdaq: RIVR) has completed the acquisition of a former branch of Old National Bancorp (Nasdaq: ONB). The Osgood location expands the bank's footprint to more than a dozen communities in the state.

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Transportation Company Makes Acquisition

Wheaton Van Lines Inc. in Indianapolis has made its second acquisition in as many years. The company has purchased Boston-based Clark & Reid Co. Inc., which provides corporate relocation services.

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Rolls-Royce Announces LiftSystem Contract

Rolls-Royce in Indianapolis has announced a $215 million military contract to produce LiftSystems. The technology allows F-35 and F-35B aircraft to perform short take-offs and vertical landings. The systems are used by the U.S. Marine Corps.

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Per Capita Income Rises in LaGrange County

The LaGrange County Economic Development Corp. is touting an increase in county per capita income. The organization says the U.S. Bureau of Economic Analysis shows a more than 9.5 percent jump in 2012, compared to 2011.

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IWU Reaches Agreement With School in New York

Indiana Wesleyan University has signed a memorandum of understanding with Houghton College in New York. IWU President David Wright says the Marion-based school will provide expertise in adult and online education. The institutions are planning to finalize the partnership before the end of the year.

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Grant to Support College Legacy Loan Program

Saint Mary-of-the-Woods College has been awarded a Charles E. Schell Foundation for Education grant. The $100,000 will help fund a legacy loan program. College Director of Financial Aid Darla Hopper says the initiative is part of efforts to make higher education attainable.

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Salin Bank Appoints New VP

Indianapolis-based Salin Bank has named Rebecca Hyink vice president of compliance. The Indiana Tech graduate has more than 25 years experience in financial services, including positions with Federal Home Loan Bank in Indianapolis and Lincoln Bank in Plainfield.

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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

Confused About Affordable Care Act?

Several more provisions of the Affordable Care Act will take effect on January 1, 2014. Certain provisions, regardless of the status of the website, may impact you and your healthcare.

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VIEWPOINT:

Poll: Location, Location, Location

What do you think is the most important factor for a business determining a location? Last week, more than 62 percent of respondents said downtown Indianapolis is missing more mass transit options.

STOCKS

Market Indexes at 11:55
Dow: 16,097.23 (+32.46)
Nasdaq: 3,998.54 (+6.89)
S & P: 1,806.30 (+1.54)
Oil: 93.87 (-0.97)



TV: Next on 'Inside INdiana Business With Gerry Dick'
The Weekend of November 29

What are the hot items shoppers want this holiday season? A retail expert and an executive from hhgregg will weigh-in on what to expect this Black Friday and beyond. Tune-in Friday at 7:30 p.m. on WFYI 1, 10 p.m. on WFYI 3 and Sunday at 11 a.m. on WTHR-TV Ch. 13 in Indianapolis. Check local listings for other times around the state.

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News From WTHR, Indiana's News Leader

News From WTHR-TV, Indiana's News Leader

News and Perspective From the Indiana     Chamber

Lugar: Government Leader of a Lifetime

Last week, Richard Lugar received the Presidential Medal of Freedom. Earlier this month, he was honored by the Indiana Chamber as its Government Leader of the Year. The Lugar story, well known by many but still inspirational, is retold in his own words in this BizVoice magazine feature story.

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Obesity Costly in Many Ways

The impact of obesity on health care costs is well established. Recent studies also make the connection to increased workers' comp claims, enhanced safety threats and more. The importance of effective wellness programs to reduce obesity and the resulting financial impacts are stressed.

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Council Will Provide Needed Wellness Assistance

There is no magic formula for incorporating wellness into your workplace. But you don't have to start or enhance an existing program on your own. The Wellness Council of Indiana has the experts and the resources to make wellness part of your overall business strategy.

Read More


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