(Image courtesy of The Times of Northwest Indiana.)
An interim study committee at the Statehouse is recommending the city of Gary continue to pursue an ambitious logistics industry development. The proposal involves an intermodal hub and lakefront port in Buffington Harbor and calls for the Majestic Star Casinos and hotel to be relocated inland near I-94.
Mayor Karen Freeman-Wilson says "this development is a great opportunity for industrial development in the Buffington Harbor area because of the proximity of water, rail, highways and air. It will also be an opportunity to forge more working relationships between the public and private sectors. We have seen significant growth and increased revenue at the airport through both public and private investments and see similar opportunities in Buffington Harbor."
The city calls the summer committee's non-binding, 8-1 approval of the recommendation a "vital" step for the proposal to move forward. Any future state support would have to face the full legislative process in the General Assembly before it could become official.
The discussion by the committee was born out of Senate Resolution 24, which was authored by Senator Eddie Melton (D-3) and called for further exploration into economic assets in Gary such as the harbor, the Gary/Chicago International Airport and the Lakefront corridor.
By Anthony Harcourt Portfolio Manager, Bedel Financial Consulting Inc.
Investors understand the importance of having a proper balance of large-, mid-, and small-cap companies in their stock portfolios. Unfortunately, there are no strict rules followed by index funds when categorizing by company size. When you "check under the hood" of your portfolio, you may discover you’re taking more (or less) risk than you intended! What Is Market Cap? Market capitalization, or market cap, is a term used to represent the size of a company.
The South Shore Line West Lake Corridor is a step closer to up to $440 million in federal funding, thanks to a positive project rating from the Federal Transit Administration. The "medium-high" rating means the project, which involves the extension of the South Shore Line between Dyer and Hammond, is eligible for funding to cover a large portion of the more than $700 million project. The rating came from the FTA's Fiscal Year 2020 Annual Report on Funding Recommendations...
The city of Fishers is one of 12 finalists for the Robert Wood Johnson Foundation Culture of Health Prize. The award honors "communities that are bringing partners together around a shared commitment to health, opportunity, and equity."
Indiana once again led the nation in steel production in 2018. Jake Murphy with the American Iron and Steel Institute tells our partners at The Times of Northwest Indiana steel mills throughout the state made 26.7 million net tons of steel last year, up from 24.1 million in 2017.
More than 50 families from throughout the state have been recognized for operating longstanding farms. Lieutenant Governor Suzanne Crouch and State Department of Agriculture Director Bruce Kettler have presented the latest Hoosier Homestead Awards, recognizing farms owned by the same family for more than 100 consecutive years.
The president of the Northwest Indiana Regional Development Authority says the South Shore Line West Lake Corridor project will create a crucial "Hoosier gateway in Chicago." The more than $700 million project has received a positive project rating from the Federal Transit Administration, putting it a step closer to up to $440 million in federal funding. Bill Hanna says the rail extension will help Hoosier workers connect to jobs in Chicago that often pay more...