Fort Wayne, Allen County Tout Economic Growth

Posted: Updated:
(Image courtesy of Visit Fort Wayne.) (Image courtesy of Visit Fort Wayne.)
FORT WAYNE -

Two high-profile Allen County organizations say new reports showcase significant annual economic growth. Greater Fort Wayne Inc. says companies invested $242 million in Allen County in 2017, resulting in 1,838 new jobs, the highest total in 12 years. Chief Executive Officer Eric Doden calls 2017 GFW Inc.'s "best year ever." Visit Fort Wayne says county visitor spending in 2016 grew 7.5 percent over 2015 to $619 million.

Tourism figures for 2017 are not yet final, but Visit Fort Wayne Chief Executive Officer Dan O'Connell expects another big year. "We have six new hotels under development, two new hotels announced growth in downtown Fort Wayne in this past year, in '17, and those products and properties will even add to greater value of making Fort Wayne a destination, so numbers should be even stronger in '17. We're just very optimistic about 2018, as well," O'Connell said in an interview with Inside INdiana Business.

O'Connell says he believes an improved economy in 2015 and 2016 helped boost spending and GFW Inc. says the area's per-capita income during that period of time agrees with the assertion. The U.S. Bureau of Economic Analysis reports per-capita income in Allen County increased 2.4 percent from 2015 to 2016. The national growth rate was 1.6 percent.

The largest expansion plans announced in the county during 2017 include:

  • Fort Wayne Metals - 337 new jobs - $51.1 million investment
  • Android Industries - 313 new jobs - $14.7 million investment
  • Multimatic - 180 new jobs - $39.1 million investment
  • Buchanan Hauling - 180 new jobs - $3.2 million investment
  • Faurecia - 144 new jobs - $18.5 million investment

Doden added "we will need bold leadership, energy, passion, and drive from across the community to continue our momentum into 2018. We will keep raising the bar and work harder than ever to make 2018 the best year Allen County has ever seen."

View 2016 tourism impact numbers released by Visit Fort Wayne:

During a special edition of Inside INdiana Business with Gerry Dick focusing on Fort Wayne and northeast Indiana, we profiled Fort Wayne Metals, which announced the largest expansion plans in Allen County in 2017.

  • Perspectives

    • Job Insights For The Third Quarter

      To provide accurate and timely employment forecasts for business leaders, Express Employment Professionals International Headquarters conducts an ongoing Job Insights survey to track quarterly hiring trends across a wide range of industries. Express surveyed business owners, decision makers, and human resource professionals about the overall hiring trends in their markets and how they impact their hiring decisions. Overall confidence remains high going into the second half of 2018.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Purdue Professor, Wife Indicted For Fraud

      A Purdue University professor and his wife have been indicted on federal fraud charges. U.S. Attorney Thomas Kirsch's office says Qingyou Han and Lu Shao are accused of hatching a scheme to defraud the National Science Foundation. 

    • Maureen Krauss (pictured left) is chief economic development officer at the Indy Chamber and Tom Leinbarger (pictured right) is chief executive officer at Cummins Inc.

      Indiana Businesses Fret Potential Trade War

      As a potential trade war looms over recently-imposed tariffs on China, Indiana businesses are expressing concern about the fallout. It is estimated that global trade supports more than 800,000 jobs in Indiana, many of those in the manufacturing and agriculture sectors. In 2016, Columbus-based Cummins Inc. sold more than 500,000 engines in China. Chief Executive Officer Tom Linebarger says the company's global footprint generates jobs and investment in Indiana.

    • Devour Indy Restaurants Unveiled

      Devour Indy has released the list of restaurants participating in the Summerfest 2018 event, which kicks off next month. More than 100 Indianapolis-area restaurants are participating this year, including more than 10 new additions to the list. 

    • The fund was first announced as part of Holcomb's Next Level Agenda. (Image courtesy of the state of Indiana.)

      Next Level Fund Makes First Investments

      Governor Eric Holcomb’s office says the Next Level Indiana Trust Fund has made its first two funding commitments. The fund, created by the Indiana General Assembly in 2017, has awarded a total of $21.5 million to Indianapolis-based High Alpha Capital and Colorado-based Foundry Group.

    • and Lise Pace

      Bosma Enterprises Makes Hire, Promotion

      Bosma Enterprises has named Master Sgt. (Ret.) Jeffrey Mittman chief operating officer. He previously held positions at the Defense Finance and Accounting Services and National Industries for the Blind leveraging. Mittman served for 21 years in the United States Army, including four combat tours. Also, Lise Pace has been promoted to vice president of marketing and advocacy. She started with the organization as a volunteer in 2008.