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In 2012 Northeast Indiana promised 3,770 jobs, report says

February 12th, 2013

News Coverage:

2/12/2013 3:08:00 PM

In 2012 Northeast Indiana promised 3,770 jobs, report says

Greater Fort Wayne Business Weekly

Companies new to northeast Indiana pledged to create 763 jobs and business expansions announced last year were expected to create 3,007 jobs, according to the annual Business Dynamics report released Tuesday by the Northeast Indiana Regional Partnership.

Most of the projects announced in 2012 would create jobs over a multiyear time period. Although fewer jobs were promised in 2012 than in 2011, when new and expanding businesses were expected to create a total of 4,687 jobs, the year marks a continuation of the long road to recovery from the Great Recession.

"The continued number and quality of upside' events is encouraging. Perhaps as significant is the absence of many major 'downside' events over the past three years, including 2012," said John Stafford, director of the Community Research Institute at Indiana University-Purdue University Fort Wayne, which prepared the annual report.

"This trend should assist northeast Indiana in remaining one of the real bright spots in Indiana and the Midwest for post-recession employment growth," he added.

The report calculated that more than $450 million was invested in plant and equipment upgrades, and expansions this past year in the 10-county region.