What Percent of Small Businesses Fail?

Running a business is a tough adventure. I ran a part time business for Continue reading →

Food Alert: Over Half of Indiana Has Crop Damage

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Via Indiana Economic Digest

Gov. Mike Pence and Sen. Joe Donnelly are seeking a disaster declaration to help farmers whose crops have been damaged from the summer’s high rain levels.

In 50 counties, reported crop damage and losses have met or exceeded 30 percent of a crop, and three counties have experienced a significant number of damages and losses to multiple crops, according to a news release. Under a disaster designation, low-interest emergency loans will be made available to all producers suffering losses in that county, as well as in counties contiguous to a disaster-designated county.

The National Weather Service reports rains set a statewide June rainfall record with a state average of 8.99 inches. The previous record was 8.13 inches set in June 1958.

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Indiana Prisons: “We will not allow gay marriage between two inmates”

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With the Supreme Court ruling in favor of same sex marriage many states will have to be looking at multiple layers of rule changes. Hoosier Econ reached out to the Indiana Department of Corrections on this issue.

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Indiana State University Makes Millions Housing and Feeding Students

Photo courtesy of www.nwitimes.com

Photo courtesy of http://www.nwitimes.com

Indiana State University is putting $16 Million in bonds up for sale this week to investors. Their plan is to remodel their student housing/dining services. When an organization puts bonds up for sale Continue reading →

Indiana Business Face Tax Increases

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Story that is flying under the radar could mean higher taxes for Hoosier businesses and loss of jobs. The Journal Gazette is reporting federal unemployment taxes
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Indiana BMV Will Issue $29 Million in Refunds

After some legal depositions were taken of former state employees about overcharging,  the Indiana BMV decided to surrender and payback some customers. Here is more from the IndyStar:

About 180,000 Indiana Bureau of Motor Vehicles customers may be entitled to excise tax refunds due to their vehicles being improperly classified during registration, officials announced today.

Total amount of refunds may run as high as $29 Million plus interest.

Officials said the BMV has issued about 60 million registrations and collected about $3.4 billion in excise taxes since 2006. While final data is not yet available, it is believed that about 180,000 individuals were impacted by this miscalculation

Indiana Department of Revenue will issue the refunds. You can read the rest here.