The Northeast Indiana Regional Partnership says per capita personal income in the region is growing faster than in recent years but remains behind the state and country. According to the U.S. Bureau of Economic Analysis, PCPI in northeast Indiana grew at a rate of 3.33 percent between 2016 and 2017, compared to the national rate of 3.63 percent.
The data also shows more than $33.2 billion in total personal income circulated in the 11-county region in 2017, which marks a $1.2 billion increase from the previous year. John Sampson, chief executive officer of the Northeast Indiana Regional Partnership, celebrated the increase, saying consumer spending drives the economy.
"The data clearly tells us that we are making great strides to increase prosperity in Northeast Indiana," said Sampson. "We have strong competition in communities all across the country. We must do more as a region to attract and retain high-wage and high-growth jobs in our key industries. We must continue to invest strongly, boldly and consistently in collaborative efforts to increase per capita personal income. Our goals are clear, and our work is not done."
You can learn more about the PCPI in northeast Indiana, including a breakdown by county, by clicking here.