4. 4
Overview
section 01
Radius Indiana Region
The Radius Region is
comprised of the
following eight South
Central Indiana
counties:
Crawford
Daviess
Dubois
Greene
Lawrence
Martin
Orange
Washington
5. 5
Overview
section 01
What is a regional snapshot?
What is the snapshot?
This regional snapshot is a demographic and
economic assessment of the Radius Region in
Indiana. Using county-level data, PCRD analyzed
a number of indicators to gauge the overall
economic performance of the Radius Indiana
Region in comparison to the rest of the state.
What is its purpose?
The snapshot is intended to inform Radius
Indiana leaders, organizations and residents of
the key attributes of the region’s population and
economy. In particular, it takes stock of the
region’s important assets and challenges. With
such data in hand, regional leaders and
organizations are in a better position to invest in
the mix of strategies that will spur the growth of
the economy and provide a higher quality of life
for residents of the region.
What are its focus areas?
PCRD secured and analyzed recent data from both
public and private sources to generate the snapshot.
In order to build a more comprehensive picture of
the region, the report presents information under
four key categories:
Demography
Human Capital
Labor
Industry
When appropriate or relevant, the report compares
information on the region with data on the
remainder of the state of Indiana. By so doing, the
region is better able to determine how well it is
performing relative to the state on a variety of
important metrics.
7. 7
Demography
section 02
Population change
In 2012, the population in the Radius Region
represented 3.4 percent of the overall Indiana
population.
The growth in the region’s population from 2002
to 2012 was 2.3 percent.The rest of the state grew
by 6.5 percent during that same time frame.
Source: EMSI 2014.2 Class of Worker
216,746
221,689
227,106
202020122002
Total population
projections
Radius
Region
Rest of
Indiana
+ 2.3% 6,315,645
6,625,015
5,932,261
+ 2.4%
+6.5%
+ 4.9%
It is estimated that the Radius Indiana Region’s
population will grow slightly faster from 2012 to
2020 (2.4 percent or an increase of 5,417 people).
Indiana’s remaining 84 counties are expected to
grow by 309,370 people (4.9 percent growth) over
that period of time.
The Radius Region is poised to grow, albeit
more slowly than the rest of Indiana.
8. 8
Population pyramids
Population pyramids are visual representations of the age distribution of the population by
gender.
Demography
section 02
In both the Radius Indiana Region and the rest of Indiana,
males outnumber females at lower ages (0 to 39).The
opposite is true for the population aged 40 and above as it is
disproportionately female in both regions.
When contrasted with the rest of the state, the population in
the Radius Indiana Region is aging more rapidly. Roughly 37
percent of Radius residents are 50 or older, compared
Source: EMSI Complete Employment 2013.1
to 33 percent of people in the rest of the state.Additionally,
the two oldest cohorts (70-79 and 80+) make up nearly 11
percent of Radius’ population but 9 percent of the rest of the
state’s population.
These results suggest a need to provide for an aging
population while simultaneously exploring ways to retain a
younger-aged adult workforce.
6.31
6.67
5.37
5.73
6.75
7.32
5.84
3.64
2.64
6.62
7.11
5.57
5.86
6.93
7.48
5.61
3.05
1.50
8.0 6.0 4.0 2.0 0.0 2.0 4.0 6.0 8.0
00-09
10-19
20-29
30-39
40-49
50-59
60-69
70-79
80+
Percent of Total Population
AgeCohort
Radius Region - 2012
Femal
e
Male
6.49
6.80
6.81
6.27
6.68
7.10
5.23
3.03
2.37
6.80
7.13
6.90
6.29
6.66
6.87
4.79
2.45
1.32
8.0 6.0 4.0 2.0 0.0 2.0 4.0 6.0 8.0
00-09
10-19
20-29
30-39
40-49
50-59
60-69
70-79
80+
Percent of Total Population
AgeCohort
Rest of Indiana - 2012
FemaleMale
9. 9
Income and poverty
Demography
section 02
Source: U.S. Census Bureau – Small Area Income and Poverty Estimates (SAIPE)
2003 2008 2012
Total Population in
Poverty
10.0% 13.1% 14.9%
Minors (Age 0-17) in
Poverty
13.9% 18.9% 21.6%
Average Real Median
Income
$37,958 $43,186 $43,127
The average median income
across Radius counties
increased sharply from 2003 to
2008 but dropped slightly
from 2008 to 2012.
Meanwhile, the total population in
poverty increased by around 5
percentage points from 2003 to
2012, while the proportion of
minors in poverty rose nearly 8
percentage points.
11. 11
Human capital
section 03
Educational attainment
Educational attainment is an important
indicator of the skills of a population.
In 2012, 21 percent of Radius residents (25
years of age or higher) had less than a high
school diploma, compared to 14 percent for
residents in the rest of the state.The Radius
Region had a slightly higher percentage of
associate’s degree holders (8 percent) than
the rest of the state (7 percent).
The proportion of adults with a bachelor’s
degree or more was substantially lower in
the Radius area when compared to the rest
of the state (12 percent versus 23 percent).
In general, the Radius Region could
be challenged in its ability to capture
high quality jobs that require a more
highly educated workforce.
Source: EMSI Complete Employment 2013.2
5%
16%
41%
18%
8%
7%
5%
Radius Region -
2012
3%
11%
35%
21%
7%
15%
8%
Rest of Indiana -
2012
Associate’s degree
Bachelor’s degree
Graduate degree
No high school
Some high school
High school
Some college
12. 12
Human capital
section 03
Four-year high school graduation rates
In 2009, 85.3 percent of Radius
Indiana students successfully
graduated from high school after
four years.This was 2.8
percentage points higher than the
rest of Indiana as a whole.
The rate for four-year graduates
rose to 89.9 percent in the Radius
Region by 2013, a figure that
continued to exceed the rate for
the remainder of the state.
High schools in the Radius
Region are outperforming
others in Indiana. However,
the rest of the state appears
to be closing the gap.*
Source: datacenter.kidscount.org
85.3%
89.9%
82.5%
88.9%
20132009
Radius
Region
Rest of
Indiana
Radius
Region
Rest of
Indiana
*Note: HS grad rates in Radius Indiana could be impacted by large Amish populations. Young Amish individualsare not educated past 8th grade. Three Radius
counties (Daviess, Martin, Orange) are in the top 10 in Indiana in terms of Amish population(http://www.incontext.indiana.edu/2012/nov-dec/article2.asp).
13. 13
section 03
Patents
Radius
1.93
Rest of State
4.36
Radius
0.94
Rest of State
2.38
Patenting trends are an
important indicator of the level
of innovation in a region.
Commercializing this
innovation can lead to long-
term growth for regional
economies.
When it comes to
innovation, Radius
residents are lagging
behind the rest of Indiana.
The launching of high tech,
high growth entrepreneurial
enterprises in the Radius
Indiana Region may be difficult
in light of the limited number of
patents being issued in the
region.*
Source: U.S. Patent and Trademark Office
Patents per 1,000 Jobs
2000-2011
From 2000 to 2011, Radius counties
were issued patents at a rate of 1.93
per 1,000 jobs, while the remaining
Indiana counties garnered 4.36
patents per 1,000 jobs.
Patents per 1,000
residents
2000-2011
From 2000 to 2011, 0.94 patents per
1,000 residents were issued in Radius
counties.The rest of Indiana amassed
2.38 patents per 1,000 residents.
Human capital
*Note: Patent origin is determined by the residence of the first-named inventor. Since a number of Radius workers commute into the region, the
number of patents produced in the Radius region could be high. However, among residents of the region, patent production is relatively low.
15. 15
Labor force
section 04
Unemployment rates
Prior to the onset of the Great
Recession around 2008, the Radius
unemployment rate was slightly
higher than the rate in the rest of
the state.
However, the high point of
Indiana’s recessionary
unemployment rate was
substantially higher (10.4 percent)
than that of the Radius region (9.7
percent).
In the recovery period since 2009,
the rates have converged.
Both Radius and the state as a
whole had unemployment
rates of 7.5 percent in 2013.
Source: STATS Indiana
5.5%
4.6%
9.3%
7.4%
5.3%
4.6%
10.4%
7.5%
5.7%
4.7%
9.7%
7.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
US Total
Radius Region
Rest of State
16. 16
Labor force
section 04
Earnings per worker
Average earnings for workers in
the Radius Indiana Region were
well below the level enjoyed by
workers located
in the rest of the Indiana in
2013.
Male workers earned substantially
less in Radius counties than in the
rest of Indiana.
Women in the Radius Region
had average earnings that were
$2,300 below those of women
in other parts of the state.
Average earnings for females in the
Radius Region were 30 percent
below those of male workers.
Source: EMSI Complete Employment 2013.2
$38,843
$45,100
$31,428
$44,085
…
$33,763
$0
$10,000
$20,000
$30,000
$40,000
$50,000
Radius
Region
Rest of
Indiana
Average
earnings
Average male
earnings
Average female
earnings
Note: The earnings figures refer to workers in the Radius IN Region, as opposed to residents of the region.
17. 17
Labor force
section 04
Drive time to work (minutes) in 2011
Average commuting times
for workers residing in Radius
Indiana counties ranged from
18.7 to 35.1 minutes in 2011*.
Residents in Indiana’s remaining
84 counties spent an average of
24 minutes driving to work during
the same period.
Residents of Crawford County
spent the most time driving to
work on average, while Dubois
County residents faced the
shortest commute times.
Six of Radius Indiana’s eight
counties had above-average
commute times for residents.
Source: 2007-2011 ACS 5-year estimates
Radius
Region
Rest of
Indiana
*Note: Most recent data available
35.1
29.8 28.9
25.3 24.7 24.6
21.6
18.7
24.0
0
5
10
15
20
25
30
35
40
18. 18
Labor force
section 04
Laborshed
Source: LEHD, OTM, U.S. Census Bureau
A region’s laborshed is
the geographic area
from which it draws
employees.
In 2011, Radius was home to a
total of 73,114 jobs.Almost 30
percent of individuals working
in Radius counties at this time
commuted from outside
counties for work.On the other
hand, 70.1 percent of jobs in
the region were held by Radius
residents.
Thus, Radius’ laborshed is
largely comprised of the
Radius counties themselves.
Population 2011 Jobs*
Proportio
n
Employed in Radius 73,114 100.0%
Employed in Radius but LivingOutside 21,840 29.9%
Employed and Living in Radius 51,274 70.1%
In-Commuters Same Work/Home
21,840 51,274
*most recent data available
19. 19
Laborshed in 2011
Labor force
Source: U.S. Census Bureau, OTM, LEHD, PCRD
The Radius Region draws its labor force
largely from its own counties.
Eighty percent of Radius workers come from either
Radius itself, or nearby Monroe, Perry, Pike or Spencer
counties.
Marion County (Indianapolis) comes into the laborshed
at the 85 percent threshold, accompanied by Knox,
Gibson, andVanderburgh counties in southwestern
Indiana.
Extending the threshold to 90 percent, many southern
Indiana counties enter into the Radius Region’s labor
force composition.The new counties represented
includeVigo, Sullivan, Owen, Jackson, Clark, Floyd,
Harrison andWarrick.
section 04
20. 20
Labor force
section 04
Commuteshed
Source: LEHD, OTM, U.S. Census Bureau
*most recent data available
A region’s
commuteshed is the
geographic area where
its residents work.
Nearly 46.0 percent of
employed residents in the
Radius region commute to
jobs located outside of the
eight-county region.
On the other hand, the
remaining 54.5 percent of the
region’s workforce both live
and work in the Radius area.
Out-Commuters Same Work/Home
42,787 51,274
Population 2011 Jobs* Proportion
Employed Radius Residents 94,061 100.0%
Living in Radius and Employed Outside 42,787 45.5%
Living and Employed in Radius 51,274 54.5%
21. 21
Commuteshed in 2011
Labor force
Source: U.S. Census Bureau, OTM, LEHD, PCRD
Some residents of the Radius Region
commute long distances for work.
Taking commutes into account, 80 percent of
residents work in the Radius Region, nearby counties
or regional hubs, such as Marion, Indiana,
(Indianapolis) and Jefferson, Kentucky (Louisville).
Increasing the threshold to 85 percent of residents
introduces Sullivan, Jackson, Crawford, Harrison and
Spencer counties into the commuteshed region.
Looking at 90 percent of Radius residents, we see
more nearby counties enter the commuteshed, as
well as two counties that are substantially farther
away, namely Hamilton and Allen (FortWayne).
section 04
23. 23
Industry and occupation
section 05
Establishments
Source: National Establishment Time Series (NETS) – 2011 Database
Number of Establishments by Employment
Size
Year 2001 2011
Stage 0 3,105 6,925
Stage 1 5,846 8,979
Stage 2 1,434 1,403
Stage 3 139 127
Stage 4 25 16*
Total 10,549 17,450
The number of establishments in the Radius Indiana Region
grew sharply between 2001 and 2011.
Growth occurred in Stage 0 and Stage 1 establishments.
Stage 0 establishments grew by 123 percent, while Stage 1
establishments grew by 54 percent.
At the same time, the number of Stage 2, 3, and 4
establishments actually declined in the region. Stages 2 and
3 lost small percentages of firms, but stage 4 firms
decreased by a large fraction (36 percent).
An establishment is a
physical business location.
Branches, standalones
and headquarters are all
considered types of
establishments.
Definition of Company
Stages
0 1
2 3
4
Self-
employed
2-9
employees
10-99
employees
100-499
employees
500+
employees
*Note: Other sources report different figures for Stage 4 employment. For example, the most
recent statistics available from Hoosiers by the Numbers (using data from Infogroup) report 21 Stage 4
establishments in the Radius IN region.
24. 24
Industry and occupation
section 05
Establishments
Source: National Establishment Time Series (NETS) – 2011 Database
Number of Jobs by Establishment
Stages
Year 2001 2011
Stage 0 3,105 6,925
Stage 1 20,960 27,040
Stage 2 36,982 35,817
Stage 3 25,068 20,701
Stage 4 25,136 17,199*
Total 111,251 107,682
From 2001 to 2011, the number of jobs grew for some
stages of firms but trended downward for others.
Self-employment and jobs at small firms showed substantial
growth, while medium-sized firms (Stage 2) stayed roughly
constant over the time period. However, the largest firms
experienced employment declines. Employment shrunk by more
than 17 percent for Stage 3 firms and nearly 32 percent for Stage 4
firms.These decreases fueled an overall loss of jobs at the regional
level from 2001 to 2011.
Aggregate Sales ($) by Establishment Stages
Year 2001 2011
Stage 0 301,812,353 450,593,290
Stage 1 2,011,498,315 2,132,459,625
Stage 2 3,517,322,878 3,413,605,064
Stage 3 2,377,702,176 2,441,513,239
Stage 4 1,830,418,831 1,098,913,037
Total 10,038,754,553 9,537,084,255
Like jobs figures, sales numbers grew for some types of
firms in the Radius Region but fell for others.
Primarily, sales numbers changed for the smallest and largest
classes of firms. Self-employed sales rose by 49 percent from 2001
to 2011. For the same period, sales for firms employing 500 or
more workers sagged by 40 percent.The other types of firms
remained relatively stable and overall sales figures dropped by 5
percent for the region, from $10
billion to $9.5 billion.
*Note: according to the most recent statistics available from Hoosiers by the Numbers
(using data from Infogroup), Stage 4 employment in Radius IN is 26,646, and Stage 4 aggregate
sales in RadiusIN total $2,942,665,000.
25. 25
Industry and occupation
section 05
Top five industries’ employment growth
NAICS Description 2008 Jobs 2013 Jobs Change Change (%)
Radius Region
52 Finance and Insurance 2,969 3,410 441 15%
56 Administrative, Support, Waste Management and Remediation Services 2,647 3,015 368 14%
61 Educational Services (Private) 751 831 80 11%
62 Health Care and Social Assistance 9,009 9,763 754 8%
71 Arts, Entertainment and Recreation 1,194 1,286 92 8%
Rest of Indiana
21 Mining, Quarrying, and Oil and Gas Extraction 9,281 11,977 2,696 29%
61 Educational Services (Private) 71,964 83,730 11,766 16%
56 Administrative, Support, Waste Management and Remediation Services 188,275 211,146 22,871 12%
62 Health Care and Social Assistance 363,170 390,706 27,536 8%
52 Finance and Insurance 137,317 146,900 9,583 7%
Source: EMSI 2013.2 Complete Employment
By percentage, the fastest-growing industry in Radius
Indiana was Finance and Insurance.The rest of the state
experienced the largest percentage change in its Mining,
Quarrying, and Oil and Gas Extraction industry.
Administrative,Support,Waste Management and
Remediation Services appear in the top five growth industries
for both regions, as do Private Educational Services and
HealthCare and SocialAssistance.
26. 26
Industry and occupation
section 05
Top five industries’ employment decline
NAICS Description 2008 Jobs 2013 Jobs Change Change (%)
Radius Region
21 Mining, Quarrying, and Oil and Gas Extraction 1,721 1,359 -362 -21%
23 Construction 7,557 6,546 -1011 -13%
55 Management of Companies and Enterprises 704 613 -91 -13%
31-33 Manufacturing 21,221 19,531 -1690 -8%
48-49 Transportation and Warehousing 4,196 3,979 -217 -5%
Rest of Indiana
23 Construction 201,793 171,562 -30231 -15%
51 Information 46,007 42,110 -3897 -8%
22 Utilities 15,349 14,227 -1122 -7%
42 Wholesale Trade 117,916 111,228 -6688 -6%
31-33 Manufacturing 511,566 485,846 -25720 -5%
Construction and Manufacturing were among the five most
rapidly--declining industries in both the Radius Region and
the rest of Indiana. In the Radius Region, Mining, Quarrying
and Oil and Gas Extraction declined the
most rapidly, losing 35 percent of its jobs. Management of
Companies and Enterprises, andTransportation and
Warehousing rounded out the bottom five Radius industries
with the most sizable job declines, in percentage terms.
Source: EMSI 2013.2 Complete Employment
27. 27
How to interpret a bubble chart
The graph’s four quadrants tell a different story for each cluster.
Industry and occupation
section 05
Modified from: http://www.charlestonregionaldata.com/bubble-chart-explanation/
Emerging
Bottom right
(weak but
advancing)
Stars
Top right
(strong and
advancing)
Mature
Top left
(strong but
declining)
Transforming
Bottom left
(weak and
declining)
Contains clusters that are more
concentrated in the region and are
growing.These clusters are
strengths that help a community
stand out from the competition.
Small, high-growth clusters
can be expected to become
more dominant over time.
Contains clusters that are more
concentrated in the region but
are declining (negative growth).
These clusters typically fall
into the lower quadrant as
job losses cause a decline
in concentration.
Contains clusters that are
under-represented in the
region but are growing, often
quickly. If growth trends
continue, these clusters will
eventually move into the top right
quadrant.Clusters in this quadrant
are considered “emerging” strengths
for the region.
Contains clusters that are
under-represented in the
region (low concentration)
and are also losing jobs.
Clusters in this region may
indicate a gap in the workforce
pipeline if local industries anticipate
a future need. In general, clusters in this
quadrant show a lack of competitiveness.
28. 28
Industry and occupation
section 05
Source: EMSI 2013.2, industry cluster definitions by PCRDNote: Label includes cluster name, LQ 2013, and Employment 2013
Industry cluster bubble chart
29. 29
Industry and occupation
section 05
Source: EMSI 2013.2, industry cluster definitions by PCRDNote: Label includes cluster name, LQ 2013, and Employment 2013
Manufacturing subcluster bubble chart
30. 30
Bubble chart results
Industry and occupation
section 05
Source: EMSI 2013.2, industry cluster definitions by PCRD
Stars
Agribusiness, Food Processing andTechnology
Apparel andTextiles
Chemicals and Chemical-based Products
Computer and Electronic Product Manufacturing
Forest andWood Products
Mining
Primary Metal Manufacturing
Emerging
Biomedical/Biotechnical (Life Sciences)
Business and Financial Services
Defense and Security
Glass and Ceramics
IT andTelecommunications
Transforming
Arts, Entertainment, Recreation andVisitor
Industries
Education and Knowledge Creation
Energy (Fossil and Renewable)
Fabricated Metal Product Manufacturing
Printing and Publishing
Maturing
Advanced Materials
Manufacturing Supercluster
Machinery Manufacturing
Transportation Equipment Manufacturing
Transportation and Logistics
Percent Growth in Specialization
LevelofSpecialization
31. 31
Bubble chart interpretation
Industry and occupation
section 05
Source: EMSI 2013.2, industry cluster definitions by PCRD
Star Industries
The most highly concentrated industry cluster in the
Radius Region is Forest and Wood Products. Its
location quotient is 11.42, indicating that this cluster
is more than 11 times more concentrated in the
region than is the case for the U.S. as a whole. Nearly
10,500 Radius jobs are in this cluster. Other strong
clusters of note in the region include Agribusiness,
Food Processing andTechnology as well as Chemicals
and Chemical-based Products. These and the
remaining star clusters in Radius Indiana are
important drivers of the region’s economy.
Transforming Industries
Transforming industries are relatively small and
declining. In the Radius Region, the Arts, Education,
Publishing, Energy, and Fabricated metal
manufacturing areTransforming. Any amount of
growth in these industries would require relatively
large investments.
Maturing Industries
A number of industry clusters in the Radius Region are in
the Maturing stage.This means they are relatively
concentrated, but their growth is trending downward.
Overall, this is likely a reflection on a broader nationwide
trend of declines in manufacturing. It is worth noting,
however, that the Radius Region may find it worthwhile
to invest in efforts to shore up the concentration of
some of these industries, if they are deemed important
to the region (such as Advanced Materials and
Transportation and Logistics).
Emerging Industries
Industry clusters that may be poised for growth are
classified as Emerging. In the Radius region, Biomedical,
Business Services, Defense and Security, Glass and
Ceramics, and IT are designated emerging clusters.
These clusters have gained strength over the 2008-13
period and may emerge as some of the important
economic forces in the future.
32. 32
Industry and occupation
section 05
Health care and social assistance cluster
Region
2008
Jobs
2013
Jobs
Chang
e
%
Change
Average
Earnings
Average Establishments
2012*
Radius 9,009 9,763 754 8% $38,642 51
Rest of State 363,170 390,706 27,536 8% $49,066 148
From 2008 to 2013, Health Care and Social
Assistance jobs grew by 8 percent in the
Radius Region, matching the growth rate
experienced by the remainder of Indiana.
Despite Radius exhibiting a comparable rate of
growth in this sector of the economy in the region,
average worker earnings were more than $10,000
below those in the rest of the state.
Additionally, the Radius eight-county region had
substantially fewer establishments in this industry
on a per county basis than the rest of Indiana.
*most recent data available
Source: EMSI Complete Employment 2013.2
33. 33
Industry and occupation
section 05
Arts and entertainment cluster
Region
2008
Jobs
2013 Jobs Change % Change
Earnings per
Employee
Establishments per
County 2012*
Radius 3,625 3,394 -231 -6% $19,496 14
Rest of State 105,059 101,659 -3,400 -3% $26,257 45
From 2008 to 2013, the Radius Region lost
some of its jobs in the Arts and
Entertainment industry. In the rest of
Indiana, the industry shrunk as well, albeit to
a lesser degree.
Employees working in the arts earned less in the
Radius Region than in the rest of Indiana.
Furthermore, Radius had fewer Arts and
Entertainment establishments per county than the
rest of the state.
*most recent data available
Source: EMSI Complete Employment 2013.2
34. 34
Industry and occupation
section 05
Top five occupations in 2013
Source: EMSI Complete Employment 2013.2
The top five occupations in Radius
account for 51 percent of all jobs.
Production occupations represent the largest
single chunk, at more than 1/8 of all jobs in the
region. Next comes Sales and Related Occupations
at 11.7 percent.
Rounding out the top five are Office and
Administrative Support at 10.2 percent,
Management at 8.6 percent andTransportation
and Material Moving at 7.7 percent of all
occupations.
Production
12.8%
Sales and Related
11.7%
Office and
Administrative
Support
10.2%
Management
8.6%
Transportation and
Material Moving
7.7%
All Other
Occupations
48.9%
35. 35
Industry and occupation
section 05
STEM and STEM-related occupations
STEM (Science,Technology, Engineering and
Math) jobs decreased in the Radius Region as
well as in the rest of Indiana during the post-
recession recovery period.
The decline in STEM occupations in Radius
outpaced the drop in the rest of the state.This is
due, in large part, to the high concentration of
STEM jobs in Martin County, the home of the
3,175
3,032
-4.5%
Change20132008
Job change in STEM
occupations
Radius
Region
Rest of
Indiana
73,474
-2.9%
75,686
Naval SupportActivity Crane and Naval Surface
Warfare Center Crane.
Radius STEM jobs dropped by 4.5
percent compared to a 2.9 percent
decrease in non-Radius Indiana counties
between 2008 and 2013.
Source: EMSI Complete Employment 2013.2
37. 37
Conclusions
section 06
Radius IN Region: key opportunities
The mixed data presented in this report provide food for
thought in terms of how to strengthen and build on the
existing and emerging assets in the region.We offer a few
comments for consideration by leaders, organizations,
agencies and residents of the Radius Indiana Region.
Demography
• Consider ways to provide the services needed for an
expanding aging population.
HumanCapital
• Assess the human capital/workforce needs of existing
firms in the region. Determine how well the human
capital skills of the workforce are in sync with the needs
of local/regional firms.
• Examine ways to draw young adults from the region
who have completed a two or four year college, or
graduate degrees to remain or return to the area upon
graduation.
• Focus attention on the sizable percent of adults with
only a high school education (41 percent) to ensure
they are provided the skills needed to survive in a
changing global economy.
Economic Development
• Consider taking stock of the human capital attributes of
workers who commute to work outside of the region.Those
endowed with high-to-medium level skills may represent a
prime source of labor for new or expanding companies in the
region.
• Focus attention on the needs and opportunities of first and
second stage firms.These will likely serve as generators of
new jobs in the region.
• Assess how the region can provide a support system that can
help strengthen the survival and sustainability of the self-
employed.
• Determine how best to build on the star and emerging
industry clusters in the region. Invest on the clusters that
align with the values and long-term aspirations of leaders
and residents of the region.
Contact Us
• The Purdue Center for Regional Development stands ready
to assist with more in-depth data or program support to the
Radius Indiana Region as needed. Please check the back
panel of this report for contact information.
38. 38
Report Contributors
This report was prepared by the Purdue Center for Regional Development in partnership with
Purdue University Extension.
Data Analysis
Indraneel Kumar, Ph.D.
Ayoung Kim
Report Authors
Kevin Camp
Bo Beaulieu, Ph.D.
Report Design
Tyler Wright
Adeline Jackson
This report was supported, in part, by grant #00048765 from the Economic Development Administration as part of its investment in the
Purdue University’s EDA University Center project titled, “Align, Link and Leverage University Assets to Build Regional Economic
Ecosystems that Support High-Growth Entrepreneurship.”
39. For more information,
please contact:
Dr. Bo Beaulieu,
PCRD Director:
ljb@purdue.edu
Or
765-494-7273
The Purdue Center for Regional Development (PCRD) seeks to pioneer new
ideas and strategies that contribute to regional collaboration, innovation
and prosperity.
December 2014