Labor & Operating Costs
In Northeast Indiana we’ve outpaced other regions of the country in job creation and economic development by building an environment that’s better for business—your business. With one of the nation’s top tax climates and best regulatory environments, we’ve systematically created a setting for success in Fort Wayne and surrounding counties. Paired with an affordable labor force of both skilled and educated workers, as well as below-average operating costs, Northeast Indiana is a top contender for those looking to start or expand their business.
Business-Friendly Regulatory Environment
In 2012, Indiana became the first state in more than a decade to pass right-to-work legislation. This allows for greater freedom for businesses by increasing the economic opportunities in an increasingly globalized, competitive marketplace.
Low Operating Costs
The cost of living in Northeast Indiana is low, and so is the cost of business. Northeast Indiana’s affordable housing, infrastructure, and abundant natural resources are a valuable cost incentive for businesses. The money saved on operating costs is often a powerful deciding factor for businesses looking to call Northeast Indiana home.
Skilled, Educated Workforce
Northeast Indiana’s diverse target industries make for a dependable and reliable workforce. The Fort Wayne area has a large skilled and educated workforce, with high employment concentrations in defense and high-tech communications, food processing, insurance, logistics, medical devices, and vehicle manufacturing.
- More than a dozen colleges and universities are located in the region, with enrollment exceeding 40,000.
- Northeast Indiana is also home to tens of thousands of graduates from nearby universities including Purdue University Fort Wayne, the University of Saint Francis, Trine University, Huntington University, North Manchester University, Notre Dame, Purdue, Ball State, and Indiana University.
- Northeast Indiana has the second-highest concentration of New Tech schools in the nation, behind New York City, and the largest concentration of STEM-focused (science, technology, engineering, and math) New Techs in the country.
As a region, we are committed to improving the educational and career outcomes for children and adults throughout our area. Our goal is to increase the number of residents in Fort Wayne and the surrounding area with a high-quality degree or credential to 60 percent by 2030.
Source: Emsi 2020.4; QCEW, non-QCEW and Self-employed