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Kokomo’s unemployment rate shrank by more than two percentage points between August, 2013 and August 2014. For the same period, Kokomo’s labor force increased by 1,817.

According to the U.S. Bureau of Labor Statistics (BLS,) the Kokomo Metropolitan Statistical Area unemployment rate was 7.9 percent in August, 2013 and dropped to 5.7 percent in August, 2014.

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Downtown Kokomo’s historic district has a new restaurant with a diner atmosphere.

Gabetta’s, 503 N. Buckeye St., is the first of several restaurants and specialty shops set to open in Kokomo’s recently redeveloped Lake Erie & Western Depot Historic District, which is on the National Register of Historic Places.   The historic district has attracted several new ventures including the Residences at Washington Street, a $9 million, four-story apartment complex that opened earlier this year. In addition to several new restaurants including Boondocks, a neighborhood bakery and retail shops are slated to soon open in the district where the Industrial Heritage Trail passes.

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The Kokomo Municipal Airport has been awarded a $2,268,125.00 grant from the Federal Aviation Administration.

The federal funding will be used to extend the airport’s main runway to 6,000 feet for accommodating larger airplanes and increased demand for air travel. The grant will enable the Kokomo Municipal Airport to make improvements to its other runways and taxiways in addition to upgrading the airport’s lighting.

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The City of Kokomo’s 3.3 percent growth in real gross domestic product (GDP) for 2013 was second fastest in Indiana and strong enough to place it 82nd out of 381 metropolitan areas in the country. The city’s rate of growth was nearly double the national rate of 1.7 percent GDP increase for U.S. metropolitan areas.

Since 2009 the Kokomo metropolitan area has had one of the largest upturns in (GDP) in the country, according to new data from the Bureau of Economic Analysis (BEA.) Read More
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