NORTHEAST INDIANA REGIONAL PROFILE

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NORTHEAST INDIANA REGIONAL PROFILE
N O R T H E AST I N D I A N A
                       REGIONAL PROFILE

                                                  GRAND RAPIDS
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 SPRINGFIELD

ST LOUIS

                                        THE 11 COUNTIES OF NORTHEAST INDIANA

ADAMS >> ALLEN >> DEKALB >> HUNTINGTON >> KOSCIUSKO >> LAGRANGE >> NOBLE >> STEUBEN >> WABASH >> WELLS >> WHITLEY
NORTHEAST INDIANA REGIONAL PROFILE
TA R G E T I N D U S T R I E S O F N O R T H E A S T I N D I A N A

             DEFENSE & A EROSPAC E                                      D I ST RI B U TI O N & E - CO MM E R C E                 F O O D & AG R I CULT URE

                   MEDICAL DEV I C E                                        SPE C I A LTY I N S U R A N C E                                 V E H I C LES

   M A J O R             E M P L OY E R S
   COMPANY                                PRODUCT                              EMPLOYMENT*

                                           General Medical & Surgical             10,930
   Parkview Health Systems
                                           Hospitals

   Lutheran Health Network
                                           General Medical & Surgical              5,317                           INDIANA WAS THE FIRST
                                           Hospitals
   Zimmer Biomet                           Orthopedic Supplies                     4,370
                                                                                                                   RIGHT-TO-WORK STATE IN THE
   General Motors                          Trucks                                 3,900                            GREAT LAKES REGION OF THE U.S.
                                           Scrap Metal Processing &                2,902
   Steel Dynamics, Inc.
                                           Steel Manufacturing                                     Right-to-work laws prohibit agreements
   Sweetwater Sound
                                           Sound Recording Studio and              1,970           between labor unions and employers that make
                                           Equipment Distribution
   Lincoln Financial Group                 Insurance                               1,954
                                                                                                   membership or payment of union dues or fees a
                                           Book and Other Specialized              1,585           condition of employment.
   LSC Communications
                                           Printing
                                           Aerospace/Defense                       1,550
   BAE Systems
                                           Contractor

   BFGoodrich                              Tires                                   1,475

   *Full-time employees in Northeast Indiana                                                       E M P L OY M E N T               &    WA G E S
   Source: Community Research Institute at Purdue Fort Wayne, 2020 Q4
                                                                                                                                2020 REGIONAL     2020 REGIONAL   REGION
                                                                                                   OCCUPATION                    EMPLOYMENT           WAGE          /US
                                                     A N N UA L EM P LOY ME N T
      W O R K F O R C E                              BY P R I VAT E I N D U STRY                   Management                       19,247            $44.11      80.3%
                                                                                                   Legal                            1,710             $52.73      96.7%
                                                                                                   Computer &
           29.3% Manufacturing                                                                     Mathematical
                                                                                                                                    5,888            $34.83       77.9%

          20.0% Trade, Transportation & Utilities                                                  Architecture &
                                                                                                                                    7,350             $35.76      83.4%
                                                                                                   Engineering
            17.2% Education & Health Services                                                      Healthcare Practitioners
                                                                                                                                    21,358           $36.97       90.5%
                                                                                                   & Technical
             9.7% Leisure & Hospitality
                                                                                                   Business & Financial
                                                                                                                                   14,206            $32.08       83.2%
             8.7% Professional & Business Services                                                 Operations
                                                                                                   Life, Physical & Social
             5.0% Construction                                                                     Science
                                                                                                                                    1,572            $33.50       87.9%

             4.4% Financial Activities                                                             Construction & Extraction       18,403             $22.16      90.4%
                                                                                                   Education, Training
             3.4% Other Services                                                                   & Library
                                                                                                                                   18,087             $22.19      80.4%

             1.0% Information                                                                      Installation, Maintenance
                                                                                                                                   18,899             $22.41      93.6%
                                                                                                   & Repair
             0.8% Natural Resources & Mining                                                       Source: Emsi, 2020.4; QCEW

Source: U.S. Bureau of Labor Statistics, QCEW 2019
NORTHEAST INDIANA REGIONAL PROFILE
P O P U L AT I O N                       G R O W T H

                                                                                                              YOUR MONEY GOES FURTHER HERE
1980*       626,654
                                                                                                          It’s 44% more affordable to buy a house in
                                                                                                         Fort Wayne compared to the national average,
1990*       651,444
                                                                                                                and property tax is capped at 1%.

2000*       725,556                                                                                                                        Source: National Association of Realtors, 2020

2010*       759,086
                                                                                                               INDIANA HAS LEGISLATED 0.25%
2019^       789,735
                                                                                                               YEARLY REDUCTIONS
                                                                                                               in the Corporate Adjusted Gross Income Tax
2030        1 MILLION PROJECTED                                                                                until it reaches 4.9% in 2021.
Source: *US Census Bureau Decennial Census; ^US Census Bureau, Population Estimates

                 S TAT E              TA X E S

             7%
          Sales & Use Tax
                                             5.25% 3.23%
                                                    Corporate                         Individual Income Tax
                                                                                                                       3%
                                                                                                                    Business Personal
                                                                                                                                                           0%
                                                                                                                                                        Gross Receipts &
                                                    Income Tax                                                        Property Tax                       Inventory Tax

Source: Indiana Handbook of Taxes, Revenues and Appropriations FY, 2020

             T R A N S P O R TAT I O N

                                                                                                                                          AV E R AG E I ND UST RI AL
            Served by two major interstate highways,                                            U T I L I T Y       C O S T S                 R ATE (COST/KWH)
            I-69 (North/South) and I-80/90 (East/West), also
            known as the Indiana Toll Road.

            Fort Wayne International Airport is home
                                                                                                      $.0731
            to four major carriers: Allegiant Air, American,
            Delta and United. Non-stop flights include: Atlanta,                                                                      $.0707
            Charlotte, Chicago, Dallas, Detroit, Minneapolis and
            Philadelphia.
                                                                                                                                 $.0730
            Served by two Class I freight railroads,
            CSX and Norfolk Southern.
                                                                                                         $.0652            $.0736                     $.0655

                        NATURAL GAS

            NIPSCO and Vectren are the region’s                                                                                                U S AV E RAGE: $.0681
            primary suppliers of natural gas.                                                                             Source: U.S. Energy Information Administration, 2019
NORTHEAST INDIANA REGIONAL PROFILE
TA L E N T                                       P I P E L I N E

                                                                                                  DE G R E E S AWA R D E D BY R E G I O N A L U N I V E RSI T I ES
  H I G H E R                   E D U C AT I O N
                                                                     APPROX. ENROLLMENT
  INSTITUTION*                                                                 FALL 2020
                                                                                                           18.2%
   Purdue Fort Wayne                                                                  10,139
                                                                                                           Engineering,
   Ivy Tech Northeast                                                                  9,155               Computers, Math
   Indiana Tech                                                                       6,932
                                                                                                           19.2%
   Trine University                                                                   4,972
                                                                                                           Health
   University of Saint Francis                                                         2,199
                                                                                                           26.2%
   Grace College                                                                      2,029
                                                                                                           Business
   Manchester University                                                               1,525

   Huntington University                                                              1,302
                                                                                                           36.5%
                                                                                                           Other
   Indiana Wesleyan Fort Wayne                                                             291
                                                                                                  Source: Community Research Institute at Purdue Fort Wayne, 2020 Q4,
 Source: Community Research Institute at Purdue Fort Wayne, 2020 Q4, National Center
                                                                                                  National Center for Education Statistics, Indiana Wesleyan, Ivy Tech
 for Education Statistics, Indiana Wesleyan, Ivy Tech, Manchester University, Huntington
 University, Trine University

*Universities and colleges accredited by the North Central Association of Colleges & Schools

         Similar to the continental values of innovation and uniting our company with a diverse workforce,
the Northeast Indiana Colleges and Universities Network is a powerful source for cultivating highly-
qualified candidates who are interested in laying a foundation in Northeast Indiana.                                                      The Northeast Indiana Colleges and Universities
                                                                                                                                          network is a collaborative effort among 10 unaffiliated
                                                                                                                                          higher education institutions. This unique consortium
                                                                                                                                          is designed to ensure that employers considering a
                                                                                                              Scott Bykowski              relocation or expansion in Northeast Indiana have
                                                                     ADVANCED DYNAMICS SOLUTIONS BU – AVS SEGMENT                         access to the talent they need.

      Contact us to learn how the Northeast Indiana Regional Partnership can help your business thrive.
                                              We can help you access:
                                              Incentives, grants, workforce training and special programs
                                              Industry-specific information and regional data
                                              Site and building locations

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                                                                                                                                                                               January 2021
NORTHEAST INDIANA REGIONAL PROFILE NORTHEAST INDIANA REGIONAL PROFILE NORTHEAST INDIANA REGIONAL PROFILE NORTHEAST INDIANA REGIONAL PROFILE NORTHEAST INDIANA REGIONAL PROFILE NORTHEAST INDIANA REGIONAL PROFILE
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