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Apprentice fair targets south side

An apprenticeship event is targeting the city’s south side in an attempt to make sure opportunities for high-paying jobs are offered to all.

The Northeast Indiana Building Trades Apprentice Fair is from noon to 5 p.m. today and Thursday and is open to the public at the Boys & Girls Clubs of Fort Wayne, 2609 Fairfield Ave.

More than a dozen recruiters in construction, electrical, plumbing and other trades will participate in the two-day event.

“We’re connecting Hoosiers hungry for good-paying jobs to folks willing to provide the training and skills they need to succeed,” said Fort Wayne attorney Jack Morris, who touted the fair Tuesday at the Boys & Girls Clubs.

The Democrat will face off against former City Councilwoman Liz Brown in the November general election for the state Senate District 15 seat.

The apprentice program will work in conjunction with Ivy Tech Community College-Northeast, so participants can earn an associate degree without amassing student loans.

“The cost of higher education is pricing some families out of pursuing their dreams,” Morris said.

CANI expands lending for small businesses

CANI’s Center for Community and Economic Development is now a Small Business Administration intermediary microlender, officials said Tuesday.

As an SBA microlender, CANI – Community Action of Northeast Indiana – will have greater capital to lend and be able to make larger loans to support small businesses across the region.

CANI already makes small-business loans to individuals who plan to start a business and are looking to rebuild their credit. To access the loans, applicants must participate in business training and credit education.

Microloans fill the gap left by traditional business financing and allow entrepreneurs to borrow less than what is commonly available and at a better interest rate.

Dubai stocks plunge; builder questions swirl

Dubai’s stock market plunged 6.7 percent Tuesday after the construction giant that helped raise the Mideast commercial hub’s record-breaking Burj Khalifa skyscraper confirmed that it has fired staff in the wake of the CEO’s departure last week.

The rout, the steepest since August, accelerated a sharp sell-off in the Dubai Financial Market this week.

It is being driven largely by questions swirling around construction firm Arabtec Holding, which is backed by a government-linked company in neighboring Abu Dhabi.

Oil-rich Abu Dhabi bailed out neighboring Dubai during its financial crisis, which came to a head in 2009 after years of heavy borrowing to fund a frenetic building boom.

Dubai’s trade- and transport-dependent economy has come roaring back since, though the emirate and its many state-linked companies still shoulder billions of dollars of debt.

Area Ohio counties see stable jobless rates

The unemployment rate in May was unchanged from April in all but one of the counties that border northeast Indiana, state officials in Ohio said Tuesday.

Defiance was at 4.9 percent, and Paulding and Van Wert counties stood at 4.6 percent. Williams County showed a decrease to 5 percent from 5.1 percent in April.