economics

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On this edition of the podcast you'll hear the latest on Portage Assessor Jon Snyder, a former Gary technology chief  has been sentenced for computer thefts, Samantha Horton has details on General Motors investing millions of dollars in Fort Wayne, Hammond City Councilman Robert Markovich has been granted permission to contest his four-vote loss in the May 7 Democratic primary and Chris Nolte has a conversation Chris Nolte with Amari Victoria and Elisabeth Menning, organizers of the first annual NWI Pride event at the Lincoln Center in Highland.

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Recently Northwest Indiana has landed three big Illinois companies. One of Hammond's biggest employer’s Lear is building a new $30 million investment into the City of Hammond. They are building a new plant that will bring up to 750 jobs. The City of Gary landed a new $35 million production from Illinois steel that will bring up to 100 new jobs. And an unnamed company from Chicago's western suburbs plans to relocate from Illinois to the East Chicago, the manufacturer will hire about 500 workers at an average salary of $55,000 a year.

Thursday marked the beginning of the end for 18 Marsh stores that weren’t bought out at a bankruptcy auction earlier this week.

Forty-four Marsh locations in Indiana and Ohio stayed open as the company started going through bankruptcy last month, but only 26 found a buyer at auction Monday.

The remaining 18 – in the Indianapolis area, Lafayette, Muncie, Kokomo, Carmel, Logansport, Connersville and Noblesville – have now started selling off their inventories.

Two Ohio-based firms offered to buy more than half of the remaining Marsh grocery stores at Monday’s bankruptcy auction.

The deal hinges on the outcome of a dispute between Indiana-based Marsh and CVS Pharmacies.

At the auction in Delaware, Kroger subsidiary Topvalco offered $16 million for 11 Marsh stores in Indianapolis, Zionsville, Muncie, Bloomington, Brownsburg, Fishers and Greenwood.

That’s according to bankruptcy court documents filed Tuesday.

EDITOR’S NOTE, JUNE 14: This developing story has been updated. Read more here.

What’s left of the Marsh grocery chain went to auction Monday morning – but there’s no word yet on how the bidding went.

Attorneys in the Delaware law office where the auction was set to take place did not immediately return requests for comment. They represent Indiana-based Marsh in its bankruptcy proceedings.

The Indiana Chamber of Commerce’s latest report card on the state economy’s race to the top shows some progress. But a lot of obstacles remain.

The Vision 2025 Plan is basically the Chamber’s policy platform. Chamber president Kevin Brinegar says it lays out the ways Indiana’s economy should succeed.

“We believe, if we can be best of class in each of these areas, that Indiana will have the best chance for competitiveness and prosperity in the 21st-century global economy,” he says.