The Journal gazette reports that the U.S. Bureau of Economic Analysis says northeast Indiana’s per capita personal income as a percentage of the nation’s per capita personal income is up.
In 2010, residents in the region made 79.4 percent on the dollar, and in 2011 that number rose to 79.9 percent.
“We now have three years of data that indicate that we have arrested the decline in per capita personal income,” said John Stafford, director of the Community Research Institute at IPFW.
“Since 1994, the percentage has been declining and we now have reason to believe that we have turned the corner. We must stop the decline before we can begin the trek upward, and that is what this new data shows us is happening.”
Regional leaders behind the Vision 2020 initiative have used the per capita personal income chart as a rallying cry for the region. The main goal behind the initiative is to reverse the decline in per capita income relative to the nation.
“Regional leaders have cause to celebrate today as we now have data that shows that the regional collaboration here is making a difference,” said Mike Packnett, chairman of the Northeast Indiana Regional Partnership’s governing board.Packnett is president and CEO of Parkview Health.
These positive results have been reflected in increased area home sales and North Eastern Group REALTORS are prepared to assist their clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.
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-Inside Indiana Business Indianapolis, Ind. -- The Indiana Real Estate Markets Report today released by the state’s REALTORS shows that statewide, when comparing October 2012 to October 2011, the following occurred: -The number of closed home sales increased 24.5 percent to 6,092, -The median sale price of those homes increased 5.9 percent to $117,500, -The...