The Northeast Indiana Regional Partnerships Regional Opportunities Council allocated $94,000 to fund three Vision 2020 priority projects at its Dec. 12 meeting.
The projects and funding are: $50,000 to attract a new eastbound flight to Fort Wayne International Airport; $35,000 to assemble and prioritize a list of desired interstate projects within the region that can be used in lobbying efforts at the state level; and $9,000 to conduct river tours for area leaders to show the development potential along the rivers in downtown Fort Wayne.
Weve seen great momentum building on our priorities this year, said Parkview Health President and CEO Mike Packnett, who is chairman of the Partnerships governing board and a member of the ROC. We believe the funding opportunities that the ROC has elected for 2014 will allow us to keep that momentum going.
Zimmer launches stock-buyback plan
Orthopedic device-maker Zimmer Holdings Inc.s board of directors has authorized a new share repurchase plan of up to $1 billion effective Jan. 1.
The Warsaw company said Monday that buybacks under the new program will be made in the open market or privately negotiated transactions. It also said no further repurchases will be made after the end of this year under an existing repurchase program that was authorized through Dec. 31, 2014.
Zimmer makes orthopedic reconstructive, spinal and trauma devices, dental implants and related surgical products. It had about 171 million shares outstanding as of Oct. 25.
Factory output up for a fourth month
U.S. factories increased output in November for the fourth straight month, led by a surge in auto production.
Factory production rose 0.6 percent in November after a 0.5 percent gain in October, the Federal Reserve said Monday.
Production of motor vehicles and parts increased 3.4 percent, rebounding from a 1.3 percent decline in October. Factories also stepped up production of home electronics and chemical products.
Industrial production, which includes manufacturing, mining and utilities, rose 1.1 percent in November. It was the fourth straight gain.
Many Americans plan less holiday spending
Improving economic data havent put many Americans in the yuletide spirit, with nearly 4 in 10 saying they will spend less this holiday season than they did last year, according to survey results released Monday.
Just 14 percent of consumers in the Bankrate.com survey said they planned to increase their holiday spending. Nearly half – 7 percent – said they planned to spend the same amount.
But 38 percent of the respondents in the Dec. 5-8 survey said they would spend less this year.
Median home price rises in November
The median sales price of existing homes rose 7.3 percent to $110,000 in November compared with the same month a year ago, a report Monday from the Upstate Alliance of Realtors showed.
New listings decreased 4.8 percent to 653, according to the group, which tracks data from Allen, Adams, DeKalb, Huntington, Noble, Wells and Whitley counties. Meanwhile, pending sales were up 3.7 percent to 471.