updated: 11/20/2009 12:39:17 PM

[UPDATED] Purdue to Cut $30 Million

Purdue University says it is facing a shortfall of $70 million over the next three years if state appropriations and general education fees do not increase. As part of a proactive approach to deal with that projection, President France Córdova has announced the institution wants to cut $30 million before the state's next two year budget cycle begins. Purdue University Treasurer Al Diaz says Purdue has already made across-the-board reductions, cut positions, curtailed hiring and withheld pay increases. But those are short-term solutions.

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updated: 11/20/2009 12:40:14 PM

[UPDATED] Indiana Unemployment Rate Hits 9.8 Percent

The Indiana Department of Workforce Development (DWD) says the state's unemployment rate has essentially remained flat. It reached 9.8 percent in October, up from a revised 9.7 percent in September. The state describes the 0.1 percent increase as "statistically insignificant." DWD Commissioner Teresa Voors is not upbeat. saying a projected soft holiday retail season along with a slump in manufacturing and hospitality tempers her optimism for the next few months.

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updated: 11/20/2009 12:40:40 PM

Construction to Begin on Ivy Tech's New Campus

Ivy Tech Community College broke ground on its new Warsaw campus today. Since 1978, the school has leased space in Kosciusko County. Ivy Tech-Warsaw moved to its current home at the United Office Complex/Sprint building in 2002. The lease on that space expires in 2011 and the new $10 million facility is expected to be completed by next fall semester.

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updated: 11/20/2009 12:40:57 PM

MonoSol Expanding Production

Merrillville-based MonoSol LLC is expanding to dramatically increase production at its facilities in northwest Indiana. The company says it will invest more than $20 million over the next two years and add significant resources to its LaPorte plant. MonoSol expects to increase capacity for water soluble film manufacturing by more than 20 percent in 2010 and an additional 20 percent in 2011.

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updated: 11/20/2009 12:41:20 PM

Farm Bureau Convention Begins in Fort Wayne

The state's largest farm organization is holding its annual convention this weekend in Fort Wayne. One of today's sessions will be a discussion about carbon trading, which is a key element of the Cap and Trade proposal in Washington, D.C. Passing ownership of a family farm from one generation to the next, farmland value and dairy management are other issues that will be discussed during the event that runs through Saturday. It is the first time the Farm Bureau's annual convention is being held in Fort Wayne.

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