New Report Shows Steady Economic Growth in NE Indiana

FORT WAYNE, Ind. (WOWO): A new report shows that northeast Indiana's economy has continued to show steady growth. The annual Business Dynamics Report, released by the Northeast Indiana Regional Partnership in conjunction with the Community Research Institute at IPFW, tracks business events within target industries and major employers in the region. Last year, there were 11 new company announcements and 119 expansions, compared to 2012.  2012 had 11 company announcements and 120 expansions. The report also found that there were nine company closures and one downsizing announcement in 2013, compared to eight closures and five downsizing announcements in 2012. The region has seen a steady two percent increase in employment the last three years.