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Starke County Unemployment Rate Holds Steady in June While Most of Indiana Goes Up

by rgifford Fri, July 18 2014 19:50

The unemployment rate for Starke County remained at 6.6% for the second month in a row according to a release from the Indiana Department of Workforce Development (DWD) this morning.  That rate is the lowest rate in Starke County in at least the last 5 years,  All counties contiguous to Starke County went up in rates in June with the exception of Fulton.  Fulton was one of only 6 counties that saw a decrease in its rate, and Starke was one of two counties which were unchanged.  The balance of 84 counties saw an increse in their rates.

The State of Indiana also experienced an increase from 5.7% up to 5.9% which DWD said was the result of 4,000 additional people joining the labor force.

Indiana 2020 STEM Projections

by rgifford Tue, July 15 2014 16:53

The Indiana Business Research Center at IU's Kelley School of Business has issued a report on where Indiana stands with respect to STEM jobs in the future. According to this report, there are about 170 STEM occupations in Indiana's workforce, which made up 331,000 jobs in 2010, or about 11.4% of all jobs in Indiana. The national average is about 12.7% of all jobs being defined as STEM.

The Indiana Department of Workforce Development (DWD) projects that all jobs will grow about 13.9% in Indiana from 2010 to 2020, with STEM jobs projected to grow by 21.2%, and by 2020, STEM jobs will have grown to represent 12.1% of all jobs in Indiana.

The majority of STEM jobs in Indiana are projected to be in the health care domain, including practitioners and technologists, with the types of occupations to be predominately research oriented or technical in nature. Almost 96% of these jobs will require training, certification, or a college degree beyond a high school diploma.

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Norfolk Southern to Make Railroad Repairs to Four Starke County Crossings

by rgifford Mon, July 14 2014 18:37

Norfolk Southern Railroad has advised Starke County Highway Superintendent Rik Ritzler that they plan to close four railroad crossings in Starke County for repairs. Norfolk Southern says that the crossings would not all be shut down at once and say the work will take between one and two weeks to complete.  Crossings scheduled for repairs are: 700 East just north of 150 South, 150 South East of 700 East, 200 South west of State Road 23 and 225 South East of State Road 23. No exact dates for said closings have been announced yet.

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2012 Census of Agriculture Released

by rgifford Fri, July 11 2014 17:01

The U.S. Department of Agriculture has just released its 2012 Census of Agriculture. Every five years, the Department surveys agricultural producers across the country. In December of 2012, 3 million surveys were sent out to producers of all sizes, and the results are interesting for Indiana.

  • Indiana had about 58.700 farms spread out over 4,720,400 acres, a 12% decline in the number of farms and a 5.2% decline in the number of acres since 1997.
  • For every 10 acres in farmland, 8.5 acres were dedicated to crops, 0.7 acres to woodlands, and the remainder was in other land uses.
  • The average Indiana farm was 251 acres, which has grown 7.7% since 1997
  • There are fewer medium size farms (defined as 50-999 acres)
  • The vast majority of Indiana farms are still family farms (87%)
  • Indiana had about 88,000 people involved in farming (about 2.8% of U.S. total)
  • The average age of Indiana's farmers is 54 years old, while the U.S. average runs about 56 years old
Starke County had 511 farms, with 379 of those falling in the 10-179 acres category. A total farm acreage of 133,459 acres was reported, with the average farm being 261 acres. The agricultural products raised had a market value of $69,766,000.
 
For more information about the 2012 Census, visit http://www.agcensus.usda.gov/

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Construction Detours Announced for 300 E Construction in Knox Industrial Park

by rgifford Thu, July 10 2014 17:11

Motorists who need to get around the construction on State Road 8 at County Road 300 East leading to the Knox Industrial Park can take Range Road south to 50 South and back west to 300 East. That’s the official detour for the project. The intersection will be closed for about a month in order to widen the road. After it reopens work will continue in that area through November.

The intersection reconstruction is one of two road improvement projects on 300 East. The other involves the area between the Lead Track and Culver Road in the industrial park. The road will be widened in that area, and curbs will be added. During work on the southbound lanes, the road will only be open to northbound traffic, and vice versa. The approved detour will use State Road 8, U.S. 35 and County Road 200 South, which comes out at Kem-Co just south of Knox to get around the project. That work is also scheduled to wrap up in November.

Indiana Earns an "A" in New Report

by rgifford Wed, July 09 2014 20:18

Indiana was the only state in the U.S. to earn "A" grades in both manufacturing and logistics in a new report issued by Ball State University Center for Business and Economic Research and Conexus Indiana. Only 4 other states earned "A" grades in one of these two sectors. Indiana in 2014 had the highest share of manufacturing employment per capita and highest manufacturing income share relative to total income of an state in the U.S. according to this study.

Indiana was the only state in the Midwest to receive an "A" grade in these two sectors. Indiana also received an "A" grade in both tax climate and global reach.

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Indiana Entrepreneurs Able to Raise Money Through Online Fundraising Campaigns

by rgifford Wed, July 09 2014 18:01

A new law passed by the Indiana General Assembly this past session allows Indiana entrepreneurs to raise up to $2 million and Indiana investors to invest up to $5,000 per opportunity through online fundraising campaigns. Until the passage of this law, private Indiana companies could offer securities, or shares,only to accredited investors - those with a net worth of at least $1 million, excluding the value of their homes, or an annual income of more than $200,000.

Indiana has drafted a set of guidelines that would meet the Securities and Exchange Commission guidelines which would include registration with the Indiana Secretary of State's office, where a copy of its offering must also be filed. Only 4 other states have rules in place for equity crowdfunding - Georgia, Kansas, Michigan and Wisconsin, and only the latter two offer online equity crowdfunding.

For additional information regarding the new law, clink on the link below from the South Bend Tribune.

http://www.southbendtribune.com/news/business/indiana-implements-new-crowdfunding-rules/article_540122be-05c5-11e4-b47f-001a4bcf6878.html

 

 

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CenturyLink Named Company of the Year by Indiana Telecommunications Association

by rgifford Mon, July 07 2014 17:53

Indiana Telecommunications Association (ITA) has named CenturyLink, Inc as its 2014 Company of the Year. ITA is a 116-year-old trade association representing telecom companies that provide services to customers throughout the state. The award was made on the basis of CenturyLink's investments and continuing cooperative work on behalf of the members of ITA.

CenturyLink is Indiana's third largest telecommunications company, providing services to 144,000 access lines. The company employs about 360 people and last year had an annual payroll of $20 million. Its network investment in Indiana is nearly $850 million, providing service in more than 100 communities and in 41 counties (including Starke County) across Indiana.

Headquartered in Monroe, Louisiana, CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America's largest corporations. For more about the company, visit www.centurylink.com.

  

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CR 300 Projects Scheduled to Begin This Week

by rgifford Mon, July 07 2014 17:03

Phend & Brown, Inc. 

 

Phend & Brown, Inc., the contractor on both CR 300 projects, has issued an update on when those projects will begin and how they will affect traffic.  On Monday, July 7, mobilization of equipment and the installation of traffic control signage will begin, and on Thursday, July 10, CR 300 will be closed just south of the intersection with SR 8 west, and dewatering equipment will be installed.

Check back regularly to this site for additional updates on both CR 300 projects.  The construction trailer for both projects is located in the parking lot of SCILL at 1300 Kloeckner Drive.

National Unemployment Rate Drops in June

by rgifford Thu, July 03 2014 16:53

The United States Department of Labor announced this morning that the national unemployment rate fell from 6.3% in May to 6.1% in June, the lowest rate since September of 2008. The drop came on the heels of an additional 288,000 jobs created in June, which was the fifth month in a row that more than 200,000 jobs were created, the first time that has happened since the period of September, 1999 to January of 2000.

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Creating Opportunities ... Delivering On Promises

"The first thing we have to do is prove we’re credible and then deliver results. We have done that. Give us a task and we’ll get the job done." Charles Weaver, Executive Director

Starke County location and logistics create opportunities:

  • A 90-minute drive to downtown Chicago
  • In the heart of Indiana, the "Crossroads of America"
  • Midway between the east coast and the Rocky Mountains
  • In the NAFTA Super Highway corridor
  • One day’s drive within one-third of the population of the United States
  • Excellent service from class-one and short line railroads

The Starke County Economic Development Foundation delivers on our promises to make your move here easier than you ever thought possible. We have:

  • Built and leased back spec buildings
  • Constructed lead track and rail spurs
  • Installed water tower, water mains, and sewer infrastructure
  • Upgraded highway interchanges
  • Continue to assemble land for development

The Foundation has built a reputation as the LEDO that partners with you to get the job done.

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