(image courtesy of Manufacturing courtesy of the Economic Development Corp of Elkhart County.)
ELKHART COUNTY -
U.S. Department of Labor data shows three Indiana cities have made some of the largest employment gains in the country since the end of the Great Recession. Bloomberg reports employment in the Elkhart-Goshen region increased by more than 41,300 jobs since 2009, the highest in the U.S. Kokomo was third overall and Columbus came in 13th. The numbers suggest unemployment in Elkhart-Goshen fell by nearly 14,000 over the last nine years.
The publication came up with the figures by determining the net change in employment and unemployed in each metropolitan area, then dividing those figures by labor force levels to rank the greatest level of improvement.
The top-ranked regions in the U.S. according to Bloomberg's analysis of labor department statistics are:
By Jonathan Koop Portfolio Manager, Bedel Financial Consulting Inc.
Fact: The value of the stock market goes up and down. It’s called “market volatility”. How concerned should you be with a thousand point change in the index? Since your reaction can impact your personal portfolio, it’s most important that you have a good perspective. Significant price movements in the stock market grabbed headlines and captivated media pundits throughout 2018. The last week of the year the market experienced large price swings...
Pennsylvania-based Silberline Manufacturing Co. is detailing plans to close its facility in Adams County. In a notice to the state, the company says the closure will result in the layoffs of 50 employees.
The Indianapolis Airport Authority Board has approved new contracts for several retail and services vendors at Indianapolis International Airport. The contracts are the first of several approvals that are expected as part of the airport's Concessions Refresh initiative, which aims to increase the local focus among vendors. Marsha Stone, senior director of commercial enterprise at the airport, says the effort will be one of the most impactful public-facing projects that...
Forbes has ranked the best banks in the country and Indiana has placed two on the list. First Merchants Bank finished 2nd, and Old National Bancorp came in at 97. The metrics used by the publication include tangible common equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percentage of total loans.
Evansville-based Old National Bancorp has announced Chief Executive Officer Bob Jones will retire in May, after 14 years with the bank. Chief Financial Officer Jim Ryan, who has been with Old National since 2000, will succeed Jones. Jones will continue to serve as Old National's chairman of the board through January 2020.
A new coworking space in Hancock County aims to fill an underserved need in east central Indiana. Idea Co-op features a traditional indoor coworking area, along with 36 acres of outdoor space that can be used by members. The coworking space is operated by Greenfield-based NineStar Connect and director of business and economic development Jill Snyder says the outdoor aspect makes it a unique concept for the region.