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Economic Development News for St. Joseph County | November 2014        

 

October Commercial construction activity report available

 

View the October commercial construction activity report (CCAR). This report lists the commercial building permits issued by the City of South Bend, City of Mishawaka and St. Joseph County.
 

October CCAR Report

 

regional cities initiative Meeting november 21

The Indiana Economic Development Corporation (IEDC) has begun the roll-out of its Regional Cities Initiative. The initiative is a result of the IEDC�s study of 11 cities in the U.S. that have experienced significant economic growth. The IEDC in turn has identified common themes and strategies that should be applied to encourage �transformative� change in the regional cities across Indiana. Over the past several weeks, civic leaders across the region have commenced conversations about the Regional Cities Initiative. On November 21 Eric Doden, president of the IEDC, will present the study results and answer questions about the initiative. All are welcome to attend and can register at michianaregion.com.


view wages & benefits report to compare
 

Michiana Partnership, the regional economic development organization representing the seven-county Michiana region, released its findings from the Wages & Benefits Survey, with 220 companies voluntarily participating. The survey collected actual wage data for 135 positions, from president to janitor. The survey also collected data about benefits packages and policies including health care costs paid by employers and employees, retirement benefits, training, vacation and other employment perks.


workone partners with operation:
job ready veterans

 

WorkOne's Veterans Service program is a community initiative to try to develop talent for our businesses. Operation: Job Ready Veterans supports veterans and their spouses through employment training and placement. WorkOne wants to assist local businesses in connecting with veterans who are ready to work. Services provided, at no cost, to employers include: Qualified veteran job candidates, Customized recruiting and placement, Retention services and HR technical assistance. Contact WorkOne at 574.237.9675, x1040 for more info.

Help WorkOne Gauge the Business Community�s Interest in Hiring Vets By Taking This Quick Survey

mack tool & Engineering announces
expansion plan

Mack Tool & Engineering, a producer of precision-machined parts for the aerospace and medical device industries, has announced its expansion plan. They plan to invest $4.95 million in new equipment at their Viridian Drive location over the next five years to meet growing demand in the aerospace industry. In addition, they plan to add 35 new jobs as part of their project, adding to their existing 60 employees.

Chase plastics chooses South bend
for new distribution center


Chase Plastics, a thermoplastics distributor serving North and Central America, has chosen South Bend as the location for its new distribution Center. Chase plans to construct a new $5.4 million distribution center at Ameriplex at Interstate 80/90, formerly Portage Prairie, north of the airport. Chase plans to hire 13 full-time employees to go along with 12 they will move from another South Bend location. The company�s new 125,000-square-foot distribution center will be located on 9.55 acres of land at 5233 Dylan Drive, north of Brick Road and east of the U.S. 20 bypass.

The two announcements bring the total number of new jobs announced this year in South Bend to 1,349 and the amount of new capital investment to $180 million.
 

general sheet metal reveals expansion plan


General Sheet Metal Works, Inc. (GSMW) has made plans to invest
$22 million in a brand new facility just west of the intersection of Olive and Old Cleveland roads in St. Joseph County. The project will create 28 new jobs, adding to the more than 185 employees already in their South Bend facility. The company wants to break ground in March.

GSMW has been at the corner of Main and Calvert streets in South Bend for the past 93 years, where they occupy four different buildings. Company growth has led to the need for the new space. GSMW does metal fabricating and stamping to produce parts and assemblies for other companies.

  



Chamber videos perfect recruitment tooL


The Chamber and Visit South Bend Mishawaka recently produced several videos that highlight the community�s assets to site selectors, other businesses, newcomers and visitors. We encourage you to link to these videos on your website and use them when selling the community to new employees and partners.

 

View South Bend Region Economic Development Videos

 

View Visit South Bend's Destination Videos

 


 

what matters most: Site selectors'
most important location criteria

 

In a recent Site Selection survey of corporate real estate executives, the criteria for locating a business in a community was ranked on the following:

Rank   Location Factor
 
1         Transportation infrastructure

  2         Ease of permitting and regulatory procedures
 
3         Existing workforce skills
 
4         Land/building prices and supply
 
5         Utility infrastructure
 
6         State and local tax scheme

  7         Flexibility of incentive programs
 
8         Availability of incentives
 
9         Access to higher education resources
 10        Legal Climate (tort reform)

south bend - New york flights take off

The wait is finally over for those frequent travelers to the East Coast! The direct air service from South Bend International Airport (SBN) to Newark Liberty International Airport (EWR) began at the end of October. Operated by United Express, this once-daily flight departs SBN at 6:20 a.m. and returns from EWR at 9:23 p.m. Through its three air carriers, South Bend International now offers nonstop flights to 10 cities.


Jeff�s TakE

An Economic Development update:
Regional Cities
Initiative Meeting

View video

 

 

ED Stats


OCTOBER 2014

 

Business Visits 6

Issues Resolved 18

YTD Business Visits 77

YTD Issues Resolved 167

 

ED Growth

 

STATE LEADS

 

YTD Response Rate 58% (Responded to 21 out of 36 eligible leads from the state, based on criteria)


Reported Capital Investment/Jobs for the 21 Lead Responses: $903M/5,528 jobs
 

Overall Reported Capital Investment/Jobs for All State Leads: $1.47B/7,571 jobs
 

Total Buildings/Sites
Submitted: 36
� South Bend: 47.2%
� Mishawaka: 19.4% 
� New Carlisle: 33.3%
 
 

Unemployment
Rates by State

September 2014

� U.S. 5.9%
� Illinois 6.6%
� Indiana 5.7%
� Kentucky 6.7%
� Michigan 7.2%
� Ohio 5.6%

RATES BY COUNTY

� St. Joseph 5.9%
� Elkhart 4.6%
� Marshall 4.9%
� Fulton 5.1%
� Kosciusko 4.0%