Tippecanoe County Posts Highest Wage Growth in U.S.

Posted: Updated:

The managing director of the Purdue Foundry says the news of Tippecanoe County having the highest wage growth in the nation can be attributed to the growth of high-tech industries in the county. The U.S. Bureau of Labor Statistics says the county posted a 15.1 percent increase in average weekly wages in the fourth quarter compared to the same period the previous year. The professional and business services industry contributed the most to the increase and Tim Peoples says the county's efforts to start, grow and recruit technology companies is paying off.

In an interview with Inside INdiana Business, Peoples said the growth is the result of a number of factors.

"Certainly, the mayors of Lafayette and West Lafayette, as well as the leaders in the county, are actively participating in recruiting as well as supporting this growth," said Peoples. "I think that organizations like the Purdue Foundry, Purdue Research Park are very active in supporting these high-tech companies, both with intellectual property, with business services, as well as high-performing graduates that are coming out of the university. So I think it's a combination of the county leaders, it's city leaders, it's the university and it's the Purdue Research Foundation all working together to create the environment that attracts and keeps these high-paying, high-tech businesses."

Peoples says he believes the county can continue the upward trend in wage growth. He says the continued expansion of the Purdue Discovery Park District and the Purdue Research Park Aerospace District has the ability to not only attract outside companies, but foster the growth of new startups.

The county has seen some major jobs commitments over the past year. In April 2018, Washington-based Schweitzer Engineering Laboratories Inc. announced plans to build a 100,000-square-foot electric power research facility and create up to 300 jobs in the Discovery Park District. Earlier this month, Sweden-based Saab detailed its plans to invest $37 million to build a new manufacturing facility in the district as well.

Peoples adds there are many takeaways other counties can learn from to boost wage growth in their area.

"Whether its the government infrastructure embracing the desire to grow organically high-tech businesses either through educational opportunities or through infrastructure like coworking spaces or business incubators, whatever makes sense for their area, to support that organic growth, but then also being open to the active recruiting of technology businesses," said Peoples. "It does not necessarily have to be hundreds of thousands of square feet because in the area of, for example, of high-tech software like Indianapolis has been seeing, it doesn't require that large manufacturing type of space. It is truly high-tech working space and if these communities can embrace that and grow to it, I think they too can realize the same growth that Tippecanoe County is seeing."

Peoples said the growth is the result of a number of factors.
  • Perspectives

    • Creating the Work Spaces that Draw Talent to Indianapolis

      The future economy will be driven by data, powered by robotics and heavily invested in the building blocks of nature – biotech and genetic engineering. That’s true of the economy nationwide, and it’s especially true here in Indianapolis, where dominant pharmaceutical and biotech companies are putting us at the cutting edge of the science-based economy. It all sounds larger than life. But the facilities that will house these industries will always be...



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


  • Most Popular Stories

    • Amanda Stephenson is the founder and president of Expert RN|MD. (Inside INdiana Business Photo/Mary-Rachel Redman)

      Medical Consulting Firm Opens Downtown Indy HQ

      A medical consulting startup is celebrating the grand opening of its new downtown Indianapolis headquarters. The Indiana Economic Development Corp. says Expert RN|MD, which provides medical consultation services to law firms and life science companies, is investing $1.7 million in the new location and plans to create up to 21 jobs by the end of 2023. The firm was founded in 2018 and recently renovated the 4,000-square-foot space in the downtown's Wholesale District. In an interview...

    • Allison and Stanley Chen provided the lead gift for the campaign. (Provided Photo/ISI)

      International School Launches Capital Campaign

      The International School of Indiana has publicly launched a capital campaign to establish a unified campus in Indianapolis. As part of the ONE ISI campaign, the school is looking to raise $6.5 million to build a new school building for pre-elementary and elementary students at the site of its middle and high schools. The public launch follows a 10-month silent phase of the campaign, during which ISI raised $5 million from more than two dozen donors. Currently, ISI's operations are...

    • Rendering courtesy of the city of Fort Wayne

      Mayor Henry Announces Developer for $70M Project

      Fort Wayne Mayor Tom Henry has named Indianapolis-based Barrett & Stokely the developer for a $70 million project on the city's riverfront near Promenade Park. The company was selected from a group of five firms that submitted requests for proposals to spearhead the project.

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.

    • The person selected will fill the vacancy on the ballot left by Mike Pence.

      Vice President Pence to Visit Indy for Free-Trade Discussion

      Vice President Mike Pence will return to Indianapolis on Sept. 26 at an event to discuss the free trade agreement with Canada and Mexico. A panel will discuss the United States-Mexico-Canada Agreement, or USMCA, starting at 12:15 p.m. Sept. 26 at MacAllister Machinery, 6300 Southeastern Ave.