Business & Economy

At Indianapolis-based pharmaceutical giant Eli Lilly, 2,300 employees will take buyouts as part of the company’s effort to save money by cutting at least 2,000 jobs in the U.S. by the end of the year.

It’s unclear whether layoffs are still in the works in the Hoosier state.

Lilly said in September it would aim to save $500 million by cutting 3,500 jobs out of its more than 41,000 worldwide, with at least 2,000 cut in the U.S.

Stakeholders in Indiana are already weighing the GOP tax plan’s potential effect on workers.

Indiana Manufacturers Association lobbyist Andrew Berger says the plan’s most important pillar is its 20 percent corporate tax rate. He says it’ll let businesses make decisions about growing and investing based on what really matters.

“Not, ‘how do I best effectuate my tax liability?’” he says. “That’s what we’re trying to get out of this investment decision-making process.”

Northwest Indiana’s Lake Michigan port will get nearly $10 million from the federal government for infrastructure upgrades to boost its capacity.

The port of Burns Harbor is spending nearly $20 million total to add rail miles and railcar storage, truck handling facilities, dock space and a new cargo terminal. The U.S. Department of Transportation FASTLANE grant will contribute to that.

Indiana’s corn harvest is still 10 percent behind schedule as of this week, with soybeans about on track as a year of difficult farming conditions stretches into November.

The unpredictability of this year’s weather may be an unwelcome new normal for Hoosier agriculture, according to Purdue University agronomist Bob Nielsen.

In 2017, Indiana has seen a wet spring and long planting season, an over-warm start to fall and now, rains that are lengthening the multi-billion-dollar grain harvest. Nielsen says data shows extremes like those are becoming increasingly standard.

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