Saturday, June 21, 2008

'07 growth: 7 jobs, area study finds

By Sherry Slater
The Journal Gazette

Seven jobs.

The net gain between the 2,550 positions companies added in northeast Indiana last year and the 2,543 that were lost in closings and downsizings is seven, according to a study released Friday by the Northeast Indiana Regional Partnership in collaboration with the Community Research Institute.

An additional 381 jobs were retained as part of business expansions, the report said.

The nine-page Business Dynamics Survey lays out the data – without subjective commentary – on what happened in the region related to 2007 business openings, expansions and closings. The individual projects have been previously reported in The Journal Gazette.

The survey documented 158 new or expanding businesses that invested at least $750 million in the region. Dollar totals were not available for 28 of the projects. Expenditures ranged from $10,000 to $200 million for an ethanol plant in Wabash.

The Northeast Indiana Regional Partnership was created in 2006 to market an 11-county region in cooperation with local economic development organizations. The goal is to bring new jobs and investment to the area. The document released Friday reflects the organization’s first full year and sets a benchmark for evaluating future efforts. More here.

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