BEDFORD, Ind. (Inside INdiana Enterprise) — Financial growth officers in southern Indiana say the area has proven resiliency through the pandemic and is optimistic about its restoration. Bedford-based Radius Indiana says the typical unemployment fee in December for the eight counties in its group was three%, whereas the statewide unemployment fee was four.three%
The group says the pandemic’s impression on Radius counties was uneven. Whereas protection and manufacturing-dense counties noticed a “very slight enhance” in unemployment over the course of the yr, counties with tourism-dependent economies suffered extra vital job losses.
“We’re happy with the resiliency our communities and companies have proven over the previous yr. This sustained progress demonstrates the potential our area has for financial success, particularly when the pandemic is over,” stated Radius President and Chief Government Officer Jeff Quyle.
Quyle says a wages and advantages survey performed for Radius exhibits many regional employers anticipate so as to add staff over the subsequent 12 months. The survey additionally discovered that 77% of employers are planning pay raises within the subsequent 12 months.
Quyle says the group has invested $four.four million over the previous 5 years to help infrastructure and total financial growth enhancements, akin to enhancements at airports, water retention efforts, and downtown developments.
Radius board members say the funding is paying off.
“Radius’s continued help of Washington County and our neighbors have performed a vital function in sustaining our economies,” stated Justin Inexperienced, who represents Washington County on the Radius board. “Their funding, particularly in infrastructure and financial growth all through the area, has created jobs and alternatives which have prevented bigger unemployment charges.”