Where Is The Good News

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There is Good News about the Elkhart economy

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  • I almost cringe to open a paper and turn on the TV or radio. Times can seem pretty bleak. But there has to be more to the story.
  • Where Is The Good News

    1. 1. Where is the GOOD news?
    2. 2. Elkhart County is facing real challenges. <ul><li>Unemployment </li></ul><ul><li>Plant closures </li></ul><ul><li>90% employed doesn’t matter to the 10% that are not employed </li></ul><ul><li>NY Times stories </li></ul>
    3. 3. On the other hand…
    4. 4. We have been here before <ul><li>We climbed out of it then. </li></ul><ul><li>We will climb out of it now. </li></ul><ul><li>With real challenges come real opportunities. </li></ul><ul><li>What are our tools? </li></ul><ul><li>We asked you. </li></ul>
    5. 5. Elkhart Favorite Five <ul><li>The Chamber Economic Development Council asked the community, “What are your five favorite things about the Elkhart area?” </li></ul><ul><li>Here are the things you said make our area a great place to live. </li></ul><ul><li>Here are the things that will give us the ability to survive… </li></ul><ul><li>…and prosper </li></ul>
    6. 6. #5 – Proximity to Chicago and other large cities <ul><li>Visit any time </li></ul><ul><li>(but you don’t have to live there). </li></ul>
    7. 7. #4 - Rivers and lakes
    8. 8. #3 – Affordable Cost of Living <ul><li>37% less than Chicago </li></ul><ul><li>Cost of living averages 5 to 20 percent below similar communities in Illinois, Michigan and Ohio.* </li></ul><ul><li>Housing costs are approximately 30 percent lower than those of surrounding areas.* </li></ul><ul><li>Insurance costs are approximately 20 percent less. * </li></ul><ul><li>Health care costs are approximately 10 percent less. * </li></ul>*Source: NIPSCO
    9. 9. #2 – Great people <ul><li>Response to Church Community Services/Faith Mission </li></ul><ul><li>United Way pledges </li></ul><ul><li>Letters of Thanks in the paper </li></ul><ul><li>CARES school mentoring </li></ul><ul><li>DreamsWork </li></ul><ul><li>Numerous volunteers for the numerous not-for-profits in Elkhart County </li></ul><ul><li>Elkhart Community Foundation </li></ul>
    10. 10. #1 – Business Climate/Entrepreneurs <ul><li>This was seen as our biggest strength BEFORE the recent economic turmoil. </li></ul><ul><li>Not our nature to wait for help. </li></ul><ul><li>Create our own solutions… </li></ul><ul><li>…while we are creating products the world needs. </li></ul>
    11. 11. Chamber working on business climate <ul><li>LEAN, OSHA, Environmental workshops. </li></ul><ul><li>Support EDCEC </li></ul><ul><li>One-stop shop for permitting </li></ul><ul><li>Common incentive application </li></ul><ul><li>Work with government officials </li></ul><ul><li>Third House </li></ul><ul><li>Transportation Council partnership with INDOT </li></ul><ul><li>Much, much more </li></ul>
    12. 12. Patent leader <ul><li>#2 producer of Indiana patents (behind only Indianapolis, ahead of all university counties). </li></ul><ul><li>Nearly 9% of patents with only 3% of population. </li></ul><ul><li>Patents continuing in post-Miles era. </li></ul><ul><li>Smaller companies producing more patents. </li></ul><ul><li>Patents do not represent all innovation. </li></ul>Source: Enovent patent study
    13. 13. Transportation hub
    14. 14. Manufacturing powerhouse <ul><li>937 Manufacturers in Elkhart County </li></ul><ul><li>1,879 in 5-county region </li></ul><ul><li>16% of state’s manufacturing </li></ul><ul><li>Other communities jealous of what we have </li></ul>
    15. 15. Diversity of manufacturing <ul><li>Of 937 manufacturers, only 72 (8%) are RV/trailer/camper companies. </li></ul><ul><li>All transportation companies (RV, boats, aircraft, accessories) only 17%. </li></ul><ul><li>Industrial & Commercial Machinery largest category (12.5%). </li></ul><ul><li>Fabricated Metal is #2 (12.3%). </li></ul><ul><li>Suppliers can serve many industries. </li></ul>Source: 2008 Chamber Manufacturers Directory
    16. 16. Great companies here now <ul><li>Crown audio </li></ul><ul><li>AE Techron </li></ul><ul><li>CTS (world HQ) </li></ul><ul><li>NIBCO (world HQ) </li></ul><ul><li>Elkhart Brass </li></ul><ul><li>KIK Custom products </li></ul><ul><li>AGDIA </li></ul><ul><li>We don’t have time for all the stories </li></ul>
    17. 17. Broadband connections to the future Source: EDC
    18. 18. Virtual tech park <ul><li>Universities have intellectual capacity. </li></ul><ul><li>We know how to make things. </li></ul><ul><li>Obvious connections. </li></ul><ul><li>“Matchmaker” works out of our Chamber. </li></ul><ul><li>Success has surprised even us. </li></ul>
    19. 19. MIND nanotechnology center <ul><li>Located next door at Notre Dame. </li></ul><ul><li>Will absolutely involve Elkhart. </li></ul><ul><li>Places to house businesses when they leave center (2 year limit) </li></ul><ul><li>937 manufacturers located right next door. </li></ul>
    20. 20. Worker training <ul><li>Available workers </li></ul><ul><li>Training grants </li></ul><ul><li>Over 300 laid-off RV workers receiving training </li></ul><ul><li>New IUSB Campus </li></ul><ul><li>New Ivy Tech Campus </li></ul>
    21. 21. Will you help? <ul><li>Share the good news. </li></ul><ul><li>Spread the good news. </li></ul>

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