Business startup

Region’s small business development center helps launch 54 new businesses in 2018

The Northwest Indiana Small Business Development Center knows what it takes to help entrepreneurs make their dreams of running their own companies a reality. In 2018, the regional ISBDC, assisted clients start 54 businesses and in total served 504 clients, according to information from the Northwest Indiana Small Business Development Center. “We are honored to […]

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Fifth Third Bancorp, MB Financial Inc. merger wins regulatory approval

Federal regulators on March 7 approved a plan by Fifth Third Bancorp of Cincinnati to acquire MB Financial Inc. of Chicago. The merger, announced in May 2018, was approved by MB Financial stockholders in September 2018. The deal is expected to close on March 22. Representatives for both banks said system conversions expected to occur

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Latest phase of NIPSCO system upgrades represents $660 million investment

NIPSCO will be continuing its work to upgrade the electric and gas infrastructure across northern Indiana with nearly $660 million in planned investments this year. This reinvestment is part of Merrillville-based Northern Indiana Public Service Co.’s overall ongoing modernization plan to ensure long-term safety and reliability for customers. The utility said vast portions of the

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Money

Indiana’s general fund revenues in February come in below projections

Higher than expected corporate tax refunds and lower sales and use tax collections are among the reasons officials say state revenues came in lower than projected forecasts. The Indiana State Budget Agency said general fund revenues for February totaled $786.4 million, which is $18.8 million or 2.3 percent below December 2018 revenue forecasts and $25.1

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BMO Harris Bank names new Midwest regional presidents

BMO Harris Bank recently appointed new regional presidents for its Midwest market. New executives include: Chris Michalski, regional president, Minnesota, Kansas, Missouri and Indiana Bernard Narine, regional president, Chicago south region Tony Tintinalli, regional president, Chicago north region Steve Zandpour, head of U.S. retail specialty sales “BMO’s roots in the United States are Midwestern,” said Ernie

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Jobs 2

Indiana’s jobless rate continues to run below national figure

Indiana’s latest unemployment rate is continuing a five-year plus streak of running at or below the national rate. The latest data released by the Indiana Department of Workforce Development had the state’s January jobless rate at 3.5 percent, which was below the national jobless rate of 4 percent. The state said Indiana’s jobless rate has

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