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ENEWSLETTER FOR THE MICHIANA REGION
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IEDC PRESIDENT SPEAKING AT NOTRE DAME
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| Join commercial real estate executives and other regional business leaders on Tuesday, October 16th from 4:00 PM - 7:00 PM (EDT) for a panel discussion, followed by a networking reception at the University of Notre Dame Morris Inn & Conference Center. This year's panel will be moderated by Joe Fisher, CCIM and panelists will include Jim Schellinger, President of the Indiana Economic Development Corporation, David Hutchison, Ph D, Associate Professional Specialist at the University of Notre Dame, and Indiana CCIM Chapter President Mary Hauser, CCIM, CPM, LEED AP, President of MCH Commercial. We look forward to seeing you October 11th. |
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REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIPS
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INDIANA ECONOMIC DEVELOPMENT CORPORATION
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The Indiana Economic Development Corporation (IEDC) is the State of Indiana's lead economic development agency. The IEDC was officially established in February 2005 to replace the former Department of Commerce. In order to respond quickly to the needs of businesses, the IEDC operates like a business.
The Indiana Economic Development Corporation is committed to attracting and supporting new business investment, creating new jobs for Hoosiers, and furthering our legacy as one of the top states in the nation for business. To learn more about the IEDC, Click Here.
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MICHIANA PARTNERSHIP ACROSS THE MIDWEST
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Last month, Michiana Partnership representatives Regina Emberton and Jim Finan could be found across the Midwest. MPI sponsored and participated in the both the SIOR Ohio Chapter - Midwest Regional Networking Event and the IEDC Chicago Sales Trip. Regina joined her SIOR colleagues in the Rock & Roll Capital of the world for two full days of networking. It is our priority to ensure that top real estate professionals, like SIOR members, are aware of the South Bend-Elkhart Region and it's phenomenal business climate. About SIOR.
At the same time, Jim Finan and Mark Dobson, our
Elkhart EDC partner participated in the IEDC Chicago Sales Trip with many other state, regional and local economic developers. In addition to attracting companies to the region, these events are always great opportunities for MPI to establish and enhance relationships with state and local business representatives.
About IEDC.
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PRETZELS INC., TO ADD SECOND INDIANA FACILITY
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Last week Pretzels Inc., a pretzel and snack producer, announced plans to expand its operations into Plymouth, creating up to 65 new jobs by 2020. The company will occupy the shell building that was built through a public - private partnership to encourage this type of economic activity.
The company, which is a pretzel and snack food private label provider, will invest approximately $15 million to purchase and equip a 45,000-square-foot facility at 2910 Commerce St. in Plymouth. The new plant, which will be the second Indiana location in addition to its Bluffton-based headquarters, will be responsible for the production of peanut butter and bulk pretzel products and will replace the company's Pennsylvania-based manufacturing facility. Operations are expected to start at the beginning of 2017.
Read More.
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PWC'S 2016 AEROSPACE MANUFACTURING ATTRACTIVENESS RANKINGS
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Indiana leapt to the top of the 2016 Aerospace Manufacturing Attractiveness Rankings, earning the state a reputation as one of the top aerospace producers in the U.S. Indiana
was ranked 18th in the country last year, and demonstrated significant industry growth with more than $900 million invested in the past two years and 1,200 new jobs committed, the report stated. Indiana also benefited from changes in its tax structure. Read More.
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AMERICA'S TOP STATES FOR BUSINESS 2016:
STATE ECONOMIC CLIMATE SCORECARD
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Michigan and Indiana are among the top 20 pro-business states of 2016, according to CNBC's 10th annual America's Top States for Business ranking. Michigan was ranked seventh overall and Indiana wasn't far behind with an overall score of 16.
Read More
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NATIONAL STUDY RANKS SOUTH BEND -
ELKHART REGION MSA's
AS TOP JOB CREATORS
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The study, by the financial publication 24/7 Wall St., ranked the nation's top 50 metropolitan statistical areas based on the percentage at which their jobs increased over the past four years. The Elkhart-Goshen area was ranked 10th nationwide and first in Indiana when it comes to job creation over the past four years. The South Bend-Mishawaka area, consisting of St. Joseph County in Indiana and Cass County in Michigan, was ranked 42nd in the country. For results of the study, "American Cities Adding the Most Jobs,"
Click Here.
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The features in this newsletter demonstrate the collaborative efforts that have been building in the South Bend-Elkhart Region. Partnerships between the local, regional and state economic development efforts, as well as through public-private partnerships are creating a solid foundation for current and future economic activity.
Our state and local elected officials, local, regional and state economic development professionals and chambers of commerce are frequently working together to leverage our business climate in a way that supports existing companies and attracts new companies to generate additional economic activity in our region.
This type of public-private collaboration recently led to the construction of two speculative industrial buildings within the region. This month, AM General and Pretzels, Inc. announced that they will occupy these two spec buildings, in South Bend and Plymouth respectively, resulting in exactly the economic activity and investment that they were intended to spur.
Spec buildings have become a creative economic development tool providing businesses with the opportunity to meet their speed to market and risk mitigation needs. The forward thinking partnership between the communities and developers in constructing these buildings provided a ready-to-occupy solution that facilitated our region's ability to attract a business from outside of the area and support the growth of an existing company.
We want to thank the many businesses from across the region for providing the leadership needed to drive the economic development partnerships resulting in this type of creative thinking and ongoing collaboration that will ensure our region's success as we navigate the competitive economic development world.
Sincerely,
Regina Emberton
President & CEO
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