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Community and Economic Development in the Urban Center

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Community and Economic Development in the Urban Center WHY FORT WAYNE? Community and Economic Development in the Urban Center of Northeast Indiana Electric Works is thoroughly redefining “quality of place” for the city and the region – and beyond. This bold, adaptive reuse of General Electric’s 39-acre, 1.2 million-square-foot campus will be a thoughtful and curated mix of spaces that will once again drive connectivity and innovation. As you’ll see, Electric Works is primed to take advantage of the city’s ongoing and expanding renaissance. More than $426 million in transformative downtown projects is either completed, under construction or under consideration – an indication of confidence in Fort Wayne’s future. 2 | ELECTRIC WORKS fortwayneelectricworks.com CONTENTS The Fort Wayne Market 4 Live Fort Wayne 6 Play Fort Wayne 7 Work Fort Wayne 8 Education & Workforce 12 Economic Development 13 Transformative Projects 14 Transportation 16 Local Business Incentives 18 State Business Incentives 19 fortwayneelectricworks.com ELECTRIC WORKS | 3 THE FORT WAYNE MARKET Fort Wayne is the urban center of Northeast Indiana, a region with a population of nearly 780,000. The city is located two hours from Indianapolis and three hours from Chicago, Detroit, Cincinnati, Columbus, and Cleveland. Fort Wayne is the second largest city in Indiana, following Indianapolis. DETROIT CLEVELAND CHICAGO FORT WAYNE COLUMBUS INDIANAPOLIS CINCINNATI 4 | ELECTRIC WORKS fortwayneelectricworks.com PLACE TO RAISE “Fort Wayne is becoming A FAMILY Still in the phase #1 (smartasset.com, 2017) flat-out cool. where a visitor to the city will have to know just where to HOTTEST look for the signs... It’s clear HOUSING MARKET that there’s something afoot #2 (realtor.com, 2018) here, and that in an age where we’re skeptical about everything, let alone lists AFFORDABLE PLACE TO LIVE making the rounds on the #6 (livability.com, 2017) internet, Fort Wayne really is a place to keep your eye on.” PROPERTY TAX Food & Wine Magazine October 2017 INDEX RANK #2 (The Tax Foundation, 2019) STATE RANK FOR COST OF DOING BUSINESS #5 (CNBC, 2018) AMERICA’S 2018 TOP STATES FOR BUSINESS INFRASTRUCTURE #2 (CNBC, 2018) HOTTEST HIPSTER MARKET #4 (Yelp, realtor.com, 2017) BEST RUN CITY IN AMERICA ENTREPRENEUR- #9 (Wallethub, 2017) FRIENDLY STATE (Small Business & #7 Entrepreneurship Council, 2017) fortwayneelectricworks.com ELECTRIC WORKS | 5 LIVE FORT WAYNE QUALITY OF PLACE ALLEN COUNTY INCOME EDUCATIONAL ATTAINMENT Per Capita Personal Income $42,633 Less than High School 11% Average Annual Wage $44,562 High School Graduate 29% Median Household Income $49,574 Some College 23% Associate Degree 10% Bachelor’s Degree 18% POPULATION Master’s, Ph.D. and/or 9% City of Fort Wayne 265,904 Professional Degree Allen County 372,877 Within 60-Mile Radius 1,469,075 Median Age 35.6 Fort Wayne has been named HOUSING MARKET BREAKDOWN the Top 5 most popular city MEDIAN HOME PRICES FOR METROS (2018) among millennial Fort Wayne, IN $134,900 homebuyers. Cincinnati, OH $157,300 LendingTree, March 2018 Louisville, KY $170,400 Chattanooga, TN $174,600 Indianapolis, IN $176,100 Grand Rapids, MI $179,700 Columbus, OH $185,100 Greenville, SC $206,200 Durham, NC $267,700 Source: National Association of Realtors 6 | ELECTRIC WORKS fortwayneelectricworks.com PLAY FORT WAYNE ARTS AND CULTURE PERFORMING ARTS FESTIVALS MUSEUMS Fort Wayne Ballet Middle Waves Music Festival Science Central Fort Wayne Philharmonic Three Rivers Festival Fort Wayne Museum of Art Clyde Theatre Design Week Fort Wayne History Center Embassy Theatre Hobnobben Film Festival Artlink Gallery SPORTS AND RECREATION PARKVIEW FIELD FAMILY-FRIENDLY No. 1 ballpark experience in Minor League Fort Wayne Children’s Zoo Baseball (Stadium Journey) Public yoga ALLEN COUNTY WAR Farmers markets MEMORIAL COLISEUM 200+ lakes in Northeastern Indiana Arena, expo and conference center home to NBA G-League Mad Ants and ECHL Komets, NCAA 2,805 acres of public parks regional and national competitions, as well as a venue for national and international entertainers fortwayneelectricworks.com ELECTRIC WORKS | 7 WORK FORT WAYNE MAJOR EMPLOYERS* With a rich history in engineering and entrepreneurship, and a deep-seated Midwestern commitment to service, our local economy is bustling with successful small businesses, established corporations, and foreign direct investment. Come see what the leadership of companies like General Mills, Vera Bradley, Berkshire Hathaway, General Motors and others already know about the Fort Wayne region. Number of Number of Employer Employer employees* employees Parkview Health Systems 7,858 Vera Bradley 600 Lutheran Health Network 4,768 Norfolk Southern Corp 575 General Motors 3,900 Harris Corp. 551 Lincoln Financial Group 1,954 Raytheon 540 BFGoodrich 1,640 Do It Best Corp. 471 Frontier Communications 1,355 SIRVA 454 Sweetwater Sound 1,300 Brotherhood Mutual 450 Fort Wayne Metals 1,053 Nestle 434 Steel Dynamics 871 Trelleborg AB 405 Dana Corp. 837 Indiana Michigan Power 403 BAE Systems 833 MedPro Group 389 Shambaugh & Son, Inc. 624 Superior Essex 384 * As of August 2018, private sector only 8 | ELECTRIC WORKS fortwayneelectricworks.com TARGET INDUSTRIES TARGET INDUSTRIES A combination of central location, skilled workforce, and dynamic business milieu, Fort Wayne has emergedTARGET as a perfect environment INDUSTRIES for next-generation industries and leaders. Local and state leaders have focused resources to diversify the economy amongSpecialty these sectors: Insurance Lincoln National Corp. was founded here. It sparked a specialty insurance market that leverages a workforce with expertise in regulatory compliance, IT and user-experience design, and sales and customer service to set the industry’sSpecialty new standard forInsurance excellence in risk management. Lincoln National Corp. was founded here. It sparked a specialty insurance market that leverages a workforce SPECIALTYwith expertise INSURANCE in regulatory compliance, IT and user-experience design, and sales and customer service to set the Lincolnindustry’s National new Corp.standard was for founded excellence here. in risk It management.sparked a specialty insurance market that leverages a workforce with expertise in regulatory compliance, IT and user-experience design, and sales and customer service to set the industry’s new standard for excellence in risk management. Medical Devices & Technology MEDICAL DEVICES AND TECHNOLOGY Medical device companies in Northeast Indiana—including DePuy Synthes, Zimmer Biomet, and MedicalMedtronic—generateMedical device companies $17Devices billion in Northeast in revenue, & Indiana—including accountingTechnology for one-third DePuy of the Synthes, worldwide Zimmer orthopedic Biomet market. and Medtronic—generate $17 billion in revenue, accounting for one-third of the worldwide orthopedic market. Medical device companies in Northeast Indiana—including DePuy Synthes, Zimmer Biomet, and Medtronic—generate $17 billion in revenue, accounting for one-third of the worldwide orthopedic market. fortwayneelectricworks.com ELECTRIC WORKS | 9 Choose Greater Fort Wayne, Indiana 15 Choose Greater Fort Wayne, Indiana 15 Vehicles Vehicles VEHICLESVehiclesIndiana is America’s #1 state for manufacturing, and it has been for the last 30 years. Our manufacturers invest in technologyIndiana is America’s to remain #1 at state the cutting for manufacturing, edge and our and workers it has arebeen highly for the skilled last and30 years. adaptable. Our manufacturers Come see what invest drives in Indiana is America’s #1 state for manufacturing, and it has been for the last 30 years. Our manufacturers FortunetechnologyIndiana is 500 America’s to companies remain #1 at state theto invest cutting for manufacturing, here edge in Allenand our County. and workers it has arebeen highly for the skilled last and30 years. adaptable. Our manufacturers Come see what invest drives in investFortunetechnology in technology 500 to companies remain to atremain theto invest cutting at herethe edge cuttingin Allenand our County.edge workers – accompanied are highly skilled by andhighly adaptable. skilled Come and adaptablesee what drives workers.Fortune Come 500 companiessee what todrives invest Fortune here in Allen 500 County. companies to invest here in Allen County. DESIGNDesign & CRAFTSMANSHIP & Craftsmanship Design & Craftsmanship We areDesignWe aremakers. makers. Our Our & manufacturing manufacturing Craftsmanship legacy legacy has has grown grown into intoa diversified a diversified economy economy anchored anchoredin creative inservices creative servicesandWe arequality and makers. quality craftsmanship. Our craftsmanship. manufacturing Where creative legacy Where hasservices, creative grown online into services, a sales, diversified and online logistics economy sales, intersect, andanchored logistics you’ll in creative find interact, our services you’ll find our competitiveandWe arequality makers. craftsmanship. advantage. advantage. Our manufacturing Where creative legacy hasservices, grown online into a sales, diversified and logistics economy intersect, anchored you’ll in creative find our services competitiveand quality craftsmanship. advantage. Where creative services, online sales, and logistics intersect, you’ll find our competitive advantage. FOODFood & BEVERAGE & Beverage SuccessFood is sweeter & Beveragehere. From milk to chocolate, brewing to packaging, Allen County’s agricultural economyFoodSuccess is isbooming. sweeter & Beverage here. Our Fromcommunity milk to chocolate,offers notable brewing corn, to packaging, soybean,
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