Author Archives: NWIBQ.COM

Plastic Container Manufacturer Lake Count Investment

MERRILLVILLE – Polycon Industries, a manufacturer of plastic containers, announced plans today to expand its operations in Indiana, investing $15 million and creating up to 100 new jobs by the end of 2017.

“Indiana is a national center for manufacturing, with one in five Hoosiers working for companies like Polycon Industries,” said Governor Mike Pence. “That’s especially true in Northwest Indiana, as companies continue …

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HRP Construction New Ownership

SOUTH BEND –Matthew D. Cain is the new owner and president of HRP Construction Inc. in South Bend, Indiana. Earlier this month, Cain purchased all outstandingshares of the company and assumed the presidency.

Cain has held several positions with HRP over the last 20 years, most recently serving as vicepresident. He joined HRP shortly after receiving a bachelor’s degree in building construction…

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Purdue Students Launch Agricultural Drone Startup

WEST LAFAYETTE – Aerial Agriculture LLC, a startup company launched by Purdue University students, aims to revolutionize the agricultural industry by building drones in-house to capture multispectral images of entire crop fields. This technology could allow farmers to reduce excess fertilizer and input costs while simultaneously increasing yields.

Aerial Agriculture uses specialized cameras to convert images into valuable vegetation indices that represent crop health and …

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New Electric Vehicle Charging Station

The Northwestern Indiana Regional Planning Commission (NIRPC), NIPSCO, and South Shore Clean Cities unveiled the Commission’s first public electric vehicle charging station. The project is part of NIPSCO’s IN-Charge Around Town program, which aims to make electric car charging opportunities more accessible to drivers in northern Indiana. IN-Charge Around Town offered incentives to help cover the up-front costs of public charging stations for host locations, …

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St Catherine Holds Donation Event

EAST CHICAGO – The St. Catherine Hospital Auxiliary held its annual Tea & Donation event to present more than $131,000 to scholars and various services throughout the hospital.

It was the second largest donation the auxiliary has made over a span of 56 years: Since 2008, more than $1 million has been raised by the auxiliary. The $138,000 fund raising record was set in 2015.…

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Acquisitions Drive Patrick Industries Growth

ELKHART – TheElkhart-basedcompanyPatrick Industries Inc. (Nasdaq: PATK) is reporting second quarter 2016 net income of $16.7 million, which is up from $12.1 million during the same quarter last year. Chief Executive Officer Todd Cleveland says the 38 percent increase reflects positive momentum at both the wholesale and retail levels.

Cleveland says the impact of recent acquisitions has also contributed to the company’s …

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Acquisitions Help Drive Banks

MUNCIE and MICHIGAN CITY –Two Indiana banks are reporting record profits for the second quarter. Muncie-based First Merchants Corp. (Nasdaq: FRME) is reporting net income of $20 million, compared to $18 million in the same quarter last year. Michigan City-based Horizon Bancorp (Nasdaq: HBNC) is reporting net income of $6.3 million, up from $4.7 million during the second quarter of 2015.

Each has announced …

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Borrowing Online

Choose carefully when deciding on a lending source.

In today’s world, small business owners have increasing demands put on their time from customers, employees and suppliers. Because of this, they are constantly in search of ways to be efficient with their time to accomplish more each workday.

One way that business owners save time and increase efficiency is through the use of online business services. …

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Posted in Banking, Current Issue, Finance, Summer 2016 | Leave a comment

Thinking Differently

Innovation isn’t just an “out of the box” mindset.

Thinking Differently! If you think differently, you will act differently. You will innovate.

Leaders like George Douglas, Indiana Beverage, and Cindy Hedge, Center of Creative Solutions, are among those who embrace this Applesque concept when approaching challenges to the marketplace. Indeed, they helped shape it.

This approach to problem solving isn’t just another variation of “out …

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Posted in Current Issue, Summer 2016, Viewpoint | Leave a comment

Inbound Marketing

The digital age ushers in cost-effective concepts.

The times have changed, the digital age has taken over, and society now has a whole new format for receiving information. The digital age has altered the landscape of how marketers advertise and communicate brands for a more enhanced customer response to the buying process.

Thanks to the Google age, businesses are now dealing with a more educated, …

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Posted in Business, Current Issue, Summer 2016 | Leave a comment