Pharos-Tribune

Breaking News

Business

March 30, 2014

CLEDO CHAT: What goes into economic development?

CLEDO has gone through a number of changes over the years, and more recently reorganized from LEDF (Logansport Cass Economic Development Foundation) to CLEDO (Cass Logansport Economic Development Organization), and within the past six months to CLEDO (City of Logansport Economic Development Organization.) Our funding is a combination of city CEDIT, or County Economic Development Income Tax, funding and individual member donors, companies and supporters in our region.

CLEDO has three stated organizational goals of business retention; business growth; and business attraction. Business retention is focused on doing what we can within our bylaw limits, funds, and potential grants within the area to support our existing businesses. Business growth relates to those existing businesses and working on infrastructure and training and tax abatement programs that make Logansport attractive for additional investment. And business attraction relates to locating new businesses with confidence in our local amenities and facilities to entice companies to consider and then locate here.

Economic development is the concerted and sustained actions of policymakers and communities that promote a standard of living and economic health of an area. Included in that description are human capital, critical infrastructure, regional competitiveness, environmental sustainability, social inclusion, health, safety, literacy, diversity and other initiatives. Without economic development, the process of economic growth is not easy to achieve. Keys to both are skilled workers, relationships with Ivy Tech, the Career Center, Indiana University-Kokomo and WorkOne. Advancing Manufacturing, the Certified Production Technician program and other initiatives like IMMT are critical for workforce development.

For business attraction to occur, several things must be in place. Included in that list are an inventory of buildings and facilities; acreage in a service area (industrial park), and often rail access is a plus; other locations with access to all utilities; housing or living options to attract outside companies; office space for non-manufacturing groups; and other services and support business nearby. Other less well identified amenities are health access, trails and quality of life options.

Text Only | Photo Reprints
Business
  • Wall Street [Duplicate] [Duplicate] US stock slip to start the week; Six Flags sinks NEW YORK (AP) — The stock market drifted lower to start the week as more companies lined up to post their quarterly earnings. Mounting tensions between Russia and the West over the downed plane in Ukraine also occupied investors' attention. KEEPING S

    July 21, 2014 1 Photo

  • Russia's Severstal selling US plants for $2.3B NEW YORK (AP) — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened san

    July 21, 2014

  • BIZ BUZZ: Manor Motel to reopen under new owners A new owner is sprucing up the Manor Motel on Logansport’s east side.Closed since January 2013 after its was repossessed by Bank of Indiana, the motel sold June 3 to Harshadrhai Patel, an Ohio man, according to the motel’s new manager, Chaku Patel.Th

    July 20, 2014

  • Business news in brief, July 20 Barrett namedto legal associationMatthew D. Barrett, a Logansport attorney, recently became a lifetime member of the Elite Lawyers of America and received an award to commemorate his jury trial achievements.Elite Lawyers of America is a national orga

    July 20, 2014

  • BIZ-PT072014 consumer reports.jpg Consumer Reports: Best home face-lifts for $50 or less Is your house making a good first impression? If the door and other areas around the front are looking like they need work, it could put off potential buyers, not to mention visitors, according to ShopSmart, the shopping magazine from the publisher o

    July 20, 2014 1 Photo

  • Teen starts first job - and savings plan DEAR BRUCE: My 18-year-old son recently started his first job. He keeps asking me where he should put his money to start saving for his future. He said he can afford to put $50 a week in a savings account. How much do you think he should accumulate i

    July 20, 2014

  • Wall Street [Duplicate] [Duplicate] US stocks trading higher on company earnings Stocks headed for a higher close late Friday afternoon, rebounding on a wave of strong corporate earnings from Google, Honeywell and other big companies. Bank holding company Huntington Bancshares and furniture maker Knoll were among the big gainers.

    July 18, 2014 1 Photo

  • Indiana city facing Wabash River levee repairs VINCENNES (AP) — A southwestern Indiana city faces more than $2 million in work to repair its Wabash River flood levees, although that is much less than officials previously projected. Vincennes officials say the repairs are needed before the levees

    July 16, 2014

  • BIZ-PT071314 Arones4.jpg Hardware store owner: After 40 years, 'it's time' Arone’s Hardware, a staple of life on Logansport’s south side, is up for sale.Pat Arone, who with deceased husband Joe Arone bought the hardware store in 1975, said she’s facing facts.“It was a very, very hard decision to make,” Arone said. “I just f

    July 13, 2014 4 Photos

  • Small Parts employee buys Ultimate Fitness Ultimate Fitness on Logansport’s west side is under new ownership.Steve Raderstorf, an employee at Small Parts, took over the health club July 1. A lifelong Logansport resident, Raderstorf said he and fiancee Lisa Jasmantas planned to keep their curr

    July 13, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

The Pence administration continues to cut Indiana agency budgets despite a state surplus of $2 billion. Is this wise management of state funds?

Yes
No
Not sure
     View Results
Featured Ads
AP Video
Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran Texas Sending National Guard Troops to Border Hopkins to Pay $190M After Pelvic Exams Taped Foxx Cites Washington 'Circus Mirror' NASA Ceremony Honors Moon Walker Neil Armstrong Obama Voices Concern About Casualties in Mideast Diplomacy Intensifies Amid Mounting Gaza Toll AP Exclusive: American Beaten in Israel Speaks Obama Protects Gay, Transgender Workers Raw: Gaza Rescuers Search Rubble for Survivors Raw: International Team Inspects MH17 Bodies Raw: 25 Family Members Killed in Gaza Airstrike US Teen Beaten in Mideast Talks About Ordeal 'Weird Al' Is Wowed by Album's Success
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.