MUNSTER, Ind. (AP) — A new report from Indiana University researchers concludes that Indiana's factory owners are becoming more optimistic and willing to invest in their businesses.
The survey of Indiana's manufacturers by IU's Kelley School of Business found that four out of five manufacturing companies consider their businesses healthy or stable.
The report also found that an estimated 70 percent of Indiana manufacturers are actively investing in capital and labor again following several tough years.
The Times of Munster reports the study's authors call the situation a manufacturing renaissance.
About half of survey participants described their manufacturing companies as "challenged" in 2009 and 2010 but now use more positive terms. A majority say they are now investing in employees, equipment and facilities to remain competitive.
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