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Local Economic Overview Huntington County, Indiana

Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

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Page 1: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Local Economic Overview

Huntington County, Indiana

Page 2: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

We help create

jobs in

Huntington County.

Huntington County Economic

Development is a nonprofit

organization, created by the

business community in 1997.

We provide businesses with

many of the services they need

for start-up, expansion, relocation,

incentives and workforce development.

Page 3: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor
Page 4: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

2014 Client Projects Bendix Reman Incipio Devices

Buckeye Applications Company J.O. Wolf Tool & Die

CSP of Indiana Novae Corp.

Ecolab PHD, Inc.

Gladieux Trading & Marketing Standard Auto Parts Group

Huntington Aluminum Two-EE’s Winery

IMCO UTEC (2 projects)

Page 5: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

8-Year Economic Impact Summary

Year # of Projects Total Investment Net New Jobs Retained Jobs

2008 10 $29,031,000.00 159 60

2009 9 $35,425,000.00 449 257

2010 6 $34,649,000.00 444 648

2011 13 $32,085,736.00 132 970

2012 8 $20,644,130.00 166 1,313

2013 12 $37,997,400.00 250 909

2014 15 $34,873,010.00 365 1,814

2015 YTD 3 $7,848,377.00 3 961

Totals 76 $232,553,653.00 1,968 6,932

Page 6: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

2015 Year-to-Date Projects As of March 16, 2015

3 Completed Projects –

*New Capital Investments = $7,848,377.00

*Retained Jobs = 961

*New Jobs = 3

2015 YTD Clients –

Gerdau Steel

Huntington Sheet Metal

UTEC

Page 7: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Things Made in Huntington

Page 8: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Why Huntington County? Location | Workforce | Value

Page 9: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Ideal Location • Heart of Great Lakes region

• Easy access to Indianapolis, Chicago,

Detroit, Cincinnati & Louisville

• Many transportation assets:

o Norfolk Southern Rail

o I-69 NAFTA Corridor

o U.S. 24 Hoosier Heartland

Industrial Corridor

o U.S. 24 Fort to Port Corridor

o Fort Wayne International Airport

(FWA)

o Huntington Municipal Airport

(HHG)

Page 10: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor
Page 11: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Talented Workforce Our highly skilled workforce and pro-business environment have convinced these international giants to

locate multimillion-dollar facilities here:

• Waterloo, Ontario-based Onward Manufacturing

• Brazilian-based Gerdau Steel

• Helena Chemical, a division of Tokyo-based Marubeni Corporation

• Australian-owned Auger Torque

• French-owned Schneider Electric

• Bendix Commercial Vehicle Systems, a member of Germany’s Knorr-Bremse Group

Page 12: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Great Value Compared to major metropolitan markets, the cost to acquire and renovate a building in Huntington

County is much less—as is the cost of a greenfield site or a skilled workforce. The bottom line?

Yourinvestment goes further here.

Page 13: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

• Housing market

• Financial services opportunities

• Transportation systems

• Regional economic development collaboration

• Fort Wayne – Indiana’s 2nd largest city minutes away

o Hotels & dining

o Arts & entertainment

o Professional athletics

o Universities/education

o Cultural

o Shopping

• Huntington County amenities

o Outdoor recreation

o Historical museums

o Universities/education

• Outstanding regional healthcare

o Parkview Health

o Lutheran Health Network

Quality of Life

Page 14: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Largest Employers in Huntington County

Employer Approximate # of Employees

UT Electronic Controls Division 800

Huntington County Community School Corp. 789

Bendix Commercial Vehicle Systems 600

Our Sunday Visitor 350

Novae Corp 350

Parkview Huntington Hospital 350

Onward Manufacturing 300

Continental Structural Plastics 300

Pathfinder Services 300

Transwheel Corporation 280

Huntington University 182

Page 15: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Local Business Environment • Building & construction expertise

• Freight & logistics support

• Regional workforce development

• Regional economic development cooperation

• Media

• Marketing & advertising expertise

• Telecommunications expertise

Page 16: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor
Page 17: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor

Contact Us Mark Wickersham, Executive Director

Office: 260.356.5688

Cell: 260.388.3939

Email: [email protected]

Website: hcued.com

Page 18: Local Economic Overview. 2015 Local... · 2015-03-16 · 2012 8 $20,644,130.00 166 1,313 2013 12 $37,997,400.00 250 909 2014 $ ... o U.S. 24 Hoosier Heartland Industrial Corridor