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Government reports on housing, consumer prices and jobs today show the national economy has hit a sweet spot of strong growth and minimal inflation in December. Housing starts climbed 4.5 percent, jobless claims dipped to the lowest in 11 months, and consumer prices excluding volatile food and energy rose 0.2 percent, according to Bloomberg.   […]

Panattoni Development Co. LLC is considering building an industrial park near the Honda Motor Co. plant at Greensburg, according to the Daily News. The Sacramento, Calif.-based developer asked Greensburg officials this week to extend utilities to the 425-acre site in the hope of attracting warehouses and light manufacturing. To aid its entry into Greensburg, Panattoni […]

Consumer spending softened in November and December in the district overseen by the Federal Reserve Bank of Chicago. However, holiday sales “met expectations” of retailers in the upper Midwest, according to the Fed’s January Beige Book report on the economy. The Chicago region includes Iowa and most of Indiana, Illinois, Michigan and Wisconsin. Residential construction […]

Eli Lilly and Co.’s decision last week to end construction on its $325 million insulin production plant near Washington, D.C., is a “clear blow” to the area’s attempts to launch a biotechnology industry, according to The Washington Examiner. Still, the newspaper reported, Prince William County, Va., will overcome the setback and attract international companies to […]

The town of Burns Harbor is springing back after Bethlehem Steel filed bankruptcy in 2002 and gutted 85 percent of the town’s net assessed tax valuation. The good reputation of its Duneland schools, quick access to several major highways and low tax rate of 17 cents per $100 assessed valuation has prompted a miniature boom […]

Eli Lilly and Co. said today it will invest “significant resources” in biotechnology manufacturing in Indianapolis and offer voluntary buyouts to 250 workers in Lafayette as part of a shake-up of global manufacturing operations. The Indianapolis drug maker said it will expand Indianapolis operations in order to turn active ingredients made at an expanded site […]

The Bon-Ton Stores Inc. plans to include a 15,000-square-foot home store in the 144,000-square-foot Parisian at Circle Centre mall, the new owner of the store said today. Bon-Ton, of York, Penn., bought the Circle Centre location and three other Parisian department stores from Belk Inc. in October. Construction on the Indianapolis project is to be […]