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Economic Week in Review: More Strong Economic News for Indiana
Governor Pence Touts State’s International Economy, Tech Sector at Business Summit
Pence Welcomes Israeli Leaders at Business Exchange
Inside Indiana Business
INDIANAPOLIS – Governor Mike Pence hosted the second-annual Indiana-Israel Business Exchange Monday, which was the first stop of an Israeli economic mission to the United States. Pence’s office says conference focused on strengthening global cybersecurity, as well as economic ties and collaboration between the two.
Indiana, Israel exchange economic, cybersecurity ideas at business summitÂ
The Statehouse File
INDIANAPOLIS — For the second year, Gov. Mike Pence joined business and government leaders Monday at the Indiana-Israel Business Exchange in an effort to strengthen economic ties and collaboration between the two states.
Delaware-Based Sallie Mae Chooses Indiana for Growth and Nearly 300 Hoosier Jobs
Sallie Mae brings nearly 300 jobs to Indiana
The Indy Channel
INDIANAPOLIS — Nearly 300 new jobs are coming to Indiana. Sallie Mae, which helps students and their families save, plan and pay for college, announced Thursday that it’s investing $15.7 million to expand its operations in Indianapolis.
Sallie Mae to add up to 278 new jobs in Indianapolis
IndyStar
If you’ve ever called Sallie Mae’s customer service department, an automated system probably directed you to someone in the Philippines. In the near future, that call likely will direct you to an employee in Indianapolis.
Sallie Mae lands $2.4M in tax incentives for local expansion
Indianapolis Business Journal
Student loan company Sallie Mae stands to receive almost $2.4 million in state tax breaks for expanding its Indianapolis operations, officials announced Thursday at the ribbon-cutting for the firm’s new local office.
Sallie Mae bringing hundreds of jobs to Indianapolis
WISH
INDIANAPOLIS (WISH) – Sallie Mae will employ up to 300 people over the next few years. The company made the announcement as part of their economic development plan.
Sally Mae Grows Indiana Presence
Inside Indiana Business
INDIANAPOLIS -Delaware-based Sallie Mae (Nasdaq: SLM) has detailed its $15.7 million expansion plans for Indianapolis. The college financing company says it will add nearly 280 jobs over the next 18 months. Sallie Mae recently moved from a nearby office to three floors of a Woodfield Crossing location on the city’s northeast side. The Indiana Economic Development Corp. says the average salaries of the new positions will be 25 percent higher than the state average.
Sallie Mae Will Bring Nearly 300 Jobs To Indiana
44 News
State and local officials joined executives from Sallie Mae to announce its expansion in Indianapolis. The more than $15.7 million expansion will create 278 new jobs within the next two years.
Sallie Mae announces expansion that will bring 278 jobs to Indianapolis
Fox 59Â
INDIANAPOLIS, Ind. – State and local officials joined executives from Sallie Mae to announce a $15.7 million expansion that will bring 278 new jobs to Indianapolis over the next two years.
Indiana, Kentucky Governors Launch I-69 Ohio River Crossing Project
Pence, Bevin sign agreement for I-69 bridge
IndyStar
It’s still years away from spanning the Ohio River, but an agreement signed by Indiana Gov. Mike Pence and Kentucky Gov. Matt Bevin Thursday is the first step in rebooting plans for an Interstate 69 bridge from Evansville to Henderson.
Collaboration and Commitment: I-69 Bridge Project Receives Big Boost
Tristate Homepage
In the shadows of the Twin Bridges on Thursday afternoon, Indiana Governor Mike Pence and Kentucky Governor Matt Bevin signed an agreement pledging $17 million to launch the I-69 Ohio River Crossing project. Viewed as a critical, missing piece to the entire I-69 corridor, the proposed bridge would connect already completed sections of the interstate in Southern Indiana and Western Kentucky.
Indiana, Kentucky Plan New I-69 Bridge
Inside Indiana Business
HENDERSON, Ken. -Indiana Governor Mike Pence and Kentucky Governor Matt Bevin have signed an agreement to move forward with plans to extend Interstate 69 beyond the state border. The Ohio River Crossing announcement is decades in the making and adds to the ongoing, long-term work to expand I-69. Pence says a Request for Proposals will be issued for the environmental and design stages of the work “within a matter of months.”
Governors agree to launch Interstate 69 bridge project Â
WLFI
HENDERSON, Ky. (AP) — The governors of Kentucky and Indiana signed an agreement on Thursday to begin preliminary work to build an Ohio River bridge along Interstate 69, expanding their states’ infrastructure partnership.
Bevin, Pence agree to launch bridge project
Courier Journal
HENDERSON, Ky. — The governors of Kentucky and Indiana signed an agreement on Thursday to begin preliminary work to build an Ohio River bridge along Interstate 69, expanding their states’ infrastructure partnership.
Indiana, Kentucky Plan New I-69 Bridge
Inside Indiana Business
HENDERSON, Ken. -Indiana Governor Mike Pence and Kentucky Governor Matt Bevin have signed an agreement to move forward with plans to extend Interstate 69 beyond the state border. The Ohio River Crossing announcement is decades in the making and adds to the ongoing, long-term work to expand I-69. Pence says a Request for Proposals will be issued for the environmental and design stages of the work “within a matter of months.”
Mexico-Based Firm Breaks Ground on First US Logistics Hub in Fort Wayne
Intermodal transfer facility breaks ground
FW Journal Gazette
Transpoint Intermodal broke ground Tuesday on a $13.5 million cargo transfer facility on Fort Wayne’s southeast side, where the company plans to create up to 64 jobs.
Transpoint Intermodal LLC breaks ground on $13.5M Fort Wayne facilityÂ
NBC33
FORT WAYNE, Ind. (21Alive) — A Mexico-based logistics company broke ground on its $13.5 million cargo transfer facility on Fort Wayne’s southeast side.
Illinois-Based Manufacturer Expanding in Lake County
Illinois Company Expanding in Hobart
Inside Indiana Business
HOBART -Illinois-based NB Coatings North America has broken ground on its new facility in Hobart. The company, a subsidiary of Japan-based Nippon Paint, is investing $4.7 million in its expansion into the nearly 125,000 square-foot facility, which will create up to 22 jobs by 2018.
Japan-based manufacturer breaks ground on new facility in northwest IndianaÂ
The Statehouse File
INDIANAPOLIS — A Japan-owned manufacturer of automotive coatings for plastics, NB Coatings, broke ground on its new facility in northwest Indiana.
Fitch Ratings Reaffirms Indiana’s AAA Credit Rating
Credit Rating Reaffirmed Based on “Conservative Fiscal Practicesâ€; cites Indiana’s job growth above national trend
Indianapolis – Governor Mike Pence today announced that Fitch Ratings has reaffirmed Indiana’s AAA credit rating for its responsible management of state budgets, revenue, and public debt. Indiana has held AAA ratings with all three agencies, Standard and Poor’s, Moody’s and Fitch Ratings, since April of 2010. The AAA rating is the highest possible rating of the state’s finances. It signals to families and businesses already in Indiana or thinking of moving here that Indiana is a strong and stable environment for investment, growth, and keeping more of what they earn.
“Indiana is truly the fiscal envy of our nation,†said Governor Pence. “Fitch’s affirmation of our fiscal management reflects what Hoosiers have come to expect in state government – balanced budgets, low taxes and a healthy savings account that will protect us in the event of an economic downturn. Our responsible management of the state’s checkbook has also allowed us to make historic investments in education and infrastructure. I’m proud that the most recent budget I signed into law included the largest K-12 education increase in state history. We’ve also committed more than $2.5 billion in additional road and bridge funding, while prioritizing workforce development that will help Hoosiers get the high-wage jobs they deserve. This disciplined management of Indiana’s fiscal health has allowed the Hoosier state to grow our economy, and we have seen record employment and investment in the last few years. I call that the playbook for success.â€
The Fitch Ratings report cited many of the state’s economic and fiscal strengths, particularly its commitments to a balanced budget and fiscal flexibility, while working mindfully with the revenue collections. Fitch Ratings noted Indiana’s job growth is above the national trend, and that in addition to Indiana’s national manufacturing leadership, the state has seen strong growth by diversifying into other industries like the health-service industry.
The report emphasized Indiana’s “conservative fiscal practices†with “ample budgetary reserves,†and “the state’s control over revenues and spending and a demonstrated willingness to take timely budgetary action,†as what sets it apart in weathering economic downturns.
HILLARY’S EXPENSIVE JACKET
Hillary Clinton may have been better off wearing the Emperor’s New Clothes during her victory speech after the New York primary, rather than what she chose to wear and her aides managed to overlook.
Clinton, who has decried income “inequality†throughout the nation during her campaign, stood before the assembled– and carefully screened – crowd wearing a $12,495 Giorgio Armani jacket.
What she paid for the coat– assuming it wasn’t a party favor from her Goldman Sachs speech– is just a bit less than the amount the average first time home buyer is required to post as a down payment for his dream home, or as The Washington Free Beacon calculates, “roughly 40 percent of what the average American worker makes in a year.â€
She’s fortunate the price tag wasn’t dangling from her outfit like that of Minnie Pearl.
This is beyond tone deaf. It’s a combination of obliviousness and hypocrisy on a truly Clintonian scale.
If Hillary was sashaying down the runway at a Paris fashion show, there might be a justification for wearing a jacket that cost 12K, assuming she gave it back after the show. But to own this One Percent Wear is something else entirely.
During her speech Hillary proclaimed, “In this campaign, we are setting bold progressive goals backed up by real plans that will improve lives, creating more good jobs that provide dignity and pride in a middle class life, raising wages and reducing inequality, making sure all our kids get a good education.â€
How does one talk of “inequality†and then wear an outfit where a single piece of the ensemble costs the equivalent of 833 hours of labor– about five months– at her new $15/hour minimum wage?
Maybe one of those “good jobs that provide dignity†is cleaning her coat with tweezers, Q-tips and the tears of virgins.
No one expects Hillary to campaign in Walmart overalls, although it might provide an arresting visual, but is it too much to ask this tribune of the people to save her Armani for Wall Street speeches and Davos dinners?
She can probably find something flattering and just her size at Ann Taylor, and with the money left over she can splurge and take the entire campaign staff to lunch at her nearest Chipotle.
The Governor’s Week in Photos
Indianapolis – Governor Mike Pence and First Lady Karen Pence, Indiana’s Bicentennial Ambassador, today joined the Indiana Archives and Records Administration (IARA) in Clark County for an event commemorating one of Indiana’s founders, Jonathan Jennings. At the event, the Governor offered remarks about the significance of former Governor Jennings’ role in the founding of Indiana, and the First Lady spoke about the various activities that Hoosiers in Clark and Harrison counties are planning to recognize the history in the two counties and to celebrate Indiana’s bicentennial across the state. Afterward, the Governor and First Lady laid a wreath on former Governor Jennings’ grave.
“As we celebrate Indiana’s bicentennial and all those who have contributed to our proud Hoosier heritage over the course of the last two hundred years, it is altogether fitting that we honor one of our state’s founders and our first governor, Jonathan Jennings,” said Governor Mike Pence. “We pay tribute to Jonathan Jennings and stand grateful for the vision and leadership he embodied in laying the foundation for our state. I encourage all Hoosiers during this time of reflection and celebration, to draw inspiration from historic leaders like Jonathan Jennings as we approach the dawn of our third century.â€
The event, held by the Indiana Archives and Records Administration (IARA), marked the final ceremony in a series of graveside memorials honoring constitutional delegates buried in Indiana. The IARA events honoring the state’s founders are an officially endorsed bicentennial legacy project of the Indiana Bicentennial Commission.
Later in the day, Governor Pence and First Lady Karen Pence traveled to Corydon, Indiana’s first state capital, to participate in a ceremony marking the 200th anniversary of the 1816 Constitutional Convention, of which former Governor Jennings served as president alongside 42 other delegates from around the then-Indiana Territory. As part of the ceremony, the Governor and First Lady carried the 1816 and 1851 constitutions out of the State Capitol Complex, where they have been on display since early June in the same place where they were completed and signed.
Photos from the ceremony honoring Jonathan Jennings can be found below.
Photos from the ceremony marking the 200th anniversary of the 1816 Constitutional Convention can be found below.
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SOBRIETY CHECKPOINT PLANNED FOR 4TH OF JULY WEEKEND
The Evansville-Vanderburgh County Traffic Safety Partnership will conduct a sobriety checkpoint this Saturday, July 02, 2016 from 11:30 pm until 3:00 am. Law enforcement officers from the Vanderburgh County Sheriff’s Office, the Evansville Police Department and the Indiana State Police will join together to conduct this checkpoint.
The location for Saturday’s checkpoint was chosen based on local traffic collision data. Analysis of data captured in late June and early July of 2015 indicated that several geographical areas within Vanderburgh County accounted for a high number of reported hit and run crashes. The upcoming checkpoint will be located within one of those areas. Hit and run crashes are often the result of impaired drivers who try to avoid arrest by fleeing the scene.
The Evansville-Vanderburgh County Traffic Safety Partnership conducts sobriety checkpoints in an effort to detect and deter impaired drivers (thereby reducing the occurrence of alcohol and drug related traffic crashes). Funding for local sobriety checkpoint operations is provided by theIndiana Criminal Justice Institute (ICJI) through a grant from the National Highway Traffic Safety Administration (NHTSA).
JULY 2, 2016 “READERS FORUM”
WHAT’S ON YOUR MIND TODAY?
“IS IT TRUE†will be posted on this coming Monday.
Todays READERS POLL question is: DO you feel that Evansville City Council is transparent?
Please take time and read our newest feature articles entitled “HOT JOBS†and “LOCAL SPORTS†posted in our sections.
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