Year in review: Top economy stories for 2018

As 2018 nears its end, News 10 revisited some of the top economy headlines.

Posted: Dec 25, 2018 11:25 PM

VIGO COUNTY, Ind. (WTHI) - With big boosts came hard hits for Vigo County's economy. As 2018 nears its end, News 10 is revisiting some of the top economy headlines.

LAYOFFS AT SONY DADC

2018 started with hundreds of people losing their jobs. In January, Sony DADC announced it would layoff nearly 400 employees at its Terre Haute plant. 

A Sony spokesperson said an outsourcing agreement and more competition from streaming services led to the layoffs. 

Assembly of DVDs and CDs were eventually moved to a company, based out of California, called Technicolor Entertainment.

MACY'S AND OTHERS LEAVE HONEY CREEK MALL

January would also cue Macy's exit out of Honey Creek Mall. Its Terre Haute store was one of 100 planned closures for the retailer.

The company said the closures were part of a plan to improve the use of its assets. 

With Macy's departure, stores like Claire's, Carson's and Sears would soon follow.

FOOD AND BEVERAGE TAX

In July, Vigo County Council members voted to approve a 1 percent Food and Beverage Tax.

The tax's approval came after leaders announced plans to build a convention center in Downtown Terre Haute. Money from the tax would help fund the project.

Recently, Vigo County Commissioners told News 10 the tax is doing better than expected, but it's unclear how groups are breaking up the money.

LOCAL INCOME TAX INCREASE PASSES FOR JAIL PROJECT

In August, county council members would meet for five hours before deciding to pass a local income tax increase.

The council voted 5-2 to approve a .75 percent total increase.

The controversy centered around the money's use, which was to help fund a new jail. A location for the jail has yet to be officially decided.

TERRE HAUTE'S SECOND CHANCE AT A CASINO

A second chance at bringing a casino to Terre Haute resurfaced in November. That's after Spectacle Entertainment bought two casinos from Gary, Indiana.

Local businessman and partner in the company, Greg Gibson, told us the plan is to keep one casino in Gary and move the other somewhere else within the state.

Terre Haute remains a possibility, but it may be difficult. That's after a previous bill to bring a casino to Terre Haute failed to make it out of the statehouse.

SATURN PETCARE CLOSER TO COMING TO VIGO COUNTY

An update wraps up some of the most talked about headlines for 2018. 

Saturn Petcare is one step closer to bringing 200 jobs to Vigo County.

In December, the redevelopment commission approved the company's plans to move into the old Pfizer building. That's in the county's industrial park.

Area planning will look at the request at the start of the new year.

If approved, Saturn Petcare could start production in 2020. 

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CountyCasesDeaths
Cook3042206595
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Will38684563
Lake37299631
Kane31767467
Winnebago18948262
Madison14379255
McHenry14269156
St. Clair13410259
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Macon6517132
Kendall626947
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DeKalb499047
Adams473548
Vermilion391551
Boone390733
Whiteside3743115
Williamson361083
Clinton330861
Coles329859
Ogle285037
Knox280766
Grundy277618
Effingham277021
Henry270015
Jackson268536
Marion248551
Stephenson246635
Randolph226826
Livingston224527
Macoupin223218
Morgan220936
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Franklin204825
Lee201034
Christian189443
Jefferson187859
Woodford175827
Fayette170931
Logan170113
Iroquois169326
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Fulton146012
Shelby137426
Douglas135416
Jersey127224
Union118228
Montgomery115519
Crawford112213
Saline111625
Perry110223
Warren109020
Jo Daviess107617
Carroll107024
Lawrence107011
Bond104810
Pike101427
Cass96423
Hancock95612
Wayne90833
Moultrie89810
Clay84020
Greene82831
Edgar80815
Clark79820
Piatt7835
Richland78019
Ford75222
Mercer74510
Mason72120
Johnson7136
Washington7002
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Brown3224
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Alexander2562
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Putnam2430
Scott2310
Edwards2263
Gallatin1913
Unassigned1850
Hardin1551
Pope1011
Out of IL100

Indiana Coronavirus Cases

(Widget updates once daily at 8 p.m. ET)

Cases: 333312

Reported Deaths: 5685
CountyCasesDeaths
Marion45371865
Lake28722469
Allen19325304
Elkhart17945235
St. Joseph17599237
Hamilton14061171
Vanderburgh10280127
Tippecanoe920230
Porter873389
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Hendricks6674158
Vigo637392
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Grant295450
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Dubois249632
Dearborn238231
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Morgan228743
Gibson201229
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Jennings97814
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Perry86421
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Washington8387
Franklin75727
Carroll73713
Orange71828
Vermillion6867
Owen6598
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Parke6226
Rush5918
Newton58812
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Pike54020
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Martin3826
Brown3705
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Union2862
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Unassigned0267