[ PROSPECTUS ] MUNCIE-DELAWARE COUNTY, INDIANA www.muncie.com MUNCIE, INDIANA Muncie, Indiana is a dynamic city located 58 miles northeast of Indianapolis. Described by several national studies as a typical American community, Muncie offers the advantages of larger cities without the hassles and costs associated with living in major metropolitan areas. Muncie and Delaware County also offer many economic advantages for your firm, as well as a high quality of living for your managers and employees. Muncie is the county seat of Delaware County with approximately 70,087 people, according to the most recent census data. The balance of the county is, in part, made up of six smaller towns: Albany, Daleville, Eaton, Gaston, Selma and Yorktown. The county population is 117,671, with a labor force of 54,475. Muncie-Delaware County is the regional hub of the East Central Indiana (ECI) Region. The “ECI Henry, Jay, Grant, Madison and Randolph Region” includes Delaware County and the six Counties. The regional population is approximately counties that border it. Those include Blackford, 429,000, with a labor force of 195,159. is a product of Muncie-Delaware County, Indiana Economic Development Alliance. PO Box 842 • 401 S. High St. • Muncie, IN 47308 • Phone: 765-288-6681 • Toll Free: 800-336-1373 • Fax: 765-751-9151 Jay Julian President/CEO (765) 288-6681 [email protected] Traci Lutton Vice President, Economic Development (765) 751-9126 [email protected] These materials are the sole and exclusive property of Muncie-Delaware County, Indiana Economic Development Alliance and may not be used without written consent. Ashley Surpas Economic Development Coordinator Copyright 2017: Muncie-Delaware County, Indiana Economic Development Alliance. (765) 751-9116 [email protected] 2 MUNCIE-DELAWARE COUNTY ECONOMIC DEVELOPMENT The Muncie-Delaware County EDA recognizes the importance of quick access to comprehensive data in a competitive business environment. Pertinent information is available on the topics below and EDA staff is on hand to immediately research additional questions. BUSINESS ATTRACTION SERVICES EXPANSION/RETENTION PROGRAMS Muncie-Delaware County EDA recognizes the time- Expansion and retention programs are extremely sensitive nature of business attraction projects and important to a thriving community and the Muncie- is responsive to the site selection team’s needs. Delaware County EDA is constantly exploring new Staff serves as business ombudsmen and facilitates ways to assist existing businesses. Muncie-Delaware communication and development of new projects. County EDA services for Expansion and Retention Below are just a few of the ways the Muncie- programs are included below: Delaware County EDA can assist with business ■ Referrals to business support agencies attraction projects: ■ Information and business ombudsman services ■ Site selection assistance regarding incentive programs for existing ■ Customized data business ■ Understanding of governmental processes ■ Participation in monthly Manufacturing Alliance related to development meetings ■ Cooperation with the East Central Indiana ■ Conducts local wage and benefit studies Regional Partnership ■ Finance & job training assistance ■ Incentive procurement ■ International trade assistance ■ Training assistance ■ Permitting assistance 3 WHY MUNCIE-DELAWARE COUNTY, INDIANA? STRATEGIC LOCATION AND NATIONALLY RECOGNIZED GREAT PLACE TO WORK AND GROW A BUSINESS ■ Muncie-Delaware County has a city population ■ Strength in our communities springs from the of approximately 70,087, a county population of people who live and work here. Muncie-Delaware 117,671 and a regional population of approximately County has a young, diverse workforce with a 429,000. It is strategically located 58 miles strong, productive work ethic. northeast of Indianapolis. ■ Businesses include Fortune 500 companies Navient, ■ Easy access to the top 100 markets in the country, Concentrix, Progress Rail Services, SuperValu, and Jarden Home Brands. Muncie-Delaware County has a diverse economic landscape. ■ Keihin IPT Mfg., LLC (Honda Supplier) helps anchor the Airpark Industrial Park. ■ Central location and unsurpassed infrastructure for logistics and distribution. ■ Muncie-Delaware County has three fully-serviced industrial parks and a Certified Technology Park. ■ Workforce that is experienced in life science, ■ Auto manufacturing giant Magna Powertrain (MPT- advanced manufacturing, 21st century logistics Muncie) continues to expand its operations in and information technology. Delaware County in the Industria Centre Industrial ■ Muncie-Delaware County provides the Park. advantages of a large metropolitan area with the ■ Ontario Systems, located in the Certified Tech conveniences and quality of life of a smaller, more Park, is a leader in revenue recovery software and comfortable community. solutions. Ontario Systems is consistently ranked as ■ Muncie has been the only city in Indiana to be a "Best Place to Work" by the indiana Chamber of recognized as the Indiana “Community of the Commerce. Year” twice by the Indiana State Chamber of ■ Progress Rail Services, a subsidiary of Caterpillar Commerce. Inc., has located a locomotive assembly facility in Muncie. ■ Automotive supplier Mursix Corporation has In a survey of site selectors, recently expanded its building footprint and Indiana was ranked the workforce, and continues to invest as the business grows, currently occupying nearly a half-million top state in the Midwest square feet in the Park One Business Park. ■ Navient has expanded its facility, adding hundreds for doing business. of jobs, making it the largest for-profit employer in [ Source: Area Development, Q3 2016 ] Delaware County. 118,769 27,401 DELAWARE COUNTY 117,671 RANDOLPH COUNTY 26,171 2000 POPULATION 116,719 25,077 2010 POPULATION 2020 POPULATION (PROJECTED) 130,570 21,806 MADISON COUNTY 131,389 JAY COUNTY 21,253 129,692 20,930 73,403 14,048 GRANT COUNTY 70,061 BLACKFORD COUNTY 12,766 67,253 11,633 48,508 434,505 HENRY COUNTY 49,462 REGIONAL TOTAL 428,773 47,664 418,968 Sources: U.S. Census Bureau, 2017 and STATS Indiana, 2017 4 MARKET ACCESSIBILITY - AIR, RAIL AND HIGHWAY Indiana is known as the A superior road system Three international Indiana ranks 12th in “Crossroads of America.” provides four-lane airports are located within U.S waterborne traffic Muncie-Delaware County access to both Interstate a 90-minute drive of with 73.2 million tons. is positioned strategically 69 (north/south) and Muncie-Delaware County. Indiana’s three-port at the center of Midwest Interstate 70 (east/west). INDIANAPOLIS INTERNATIONAL system serves the commerce. CSX and 80 percent of the U.S. 75 miles/119 kilometers world’s most productive Norfolk Southern provide population is within a 85 minutes industrial and agricultural an excellent railroad one-day truck drive. region through a FORT WAYNE INTERNATIONAL network and serve many With many carriers combination of strategic industrial sites. 75 miles/120 kilometers location, intermodal servicing Muncie through 82 minutes at least five terminals, connections, foreign manufacturers have DAYTON, OHIO INTERNATIONAL trade zones, economic reliable, convenient 80 miles/132 kilometers development programs, motor freight service 90 minutes and specialized facilities. at reasonable rates. Johnson Field is the The three facilities are Muncie’s centralized general aviation airport Burns Harbor, Mount location allows shipping serving Delaware County. Vernon, and the closest to be completed to all It has a 6,500 foot to Muncie, Jeffersonville major national markets runway and is capable (170 miles). within a matter of days. of handling corporate Muncie has several drop aircraft as well as large locations for both UPS commercial jet aircraft. and FedEx, and a FedEx national hub is located in Indianapolis. A UPS hub is under construction in Plainfield and scheduled to open in 2019. 5 WORKFORCE AND TRAINING LABOR FORCE LABOR AVAILABILITY AND UNDEREMPLOYMENT COUNTY LABOR FORCE EMPLOYED UNEMPLOYED UNEMPLOYMENT RATE A quality workforce is key to any June 2017 May 2017 June 2016 new or expanding operation. Blackford 5,329 5,149 180 3.4% 3.2% 5.3% In order to quantify the extent to which both unemployment Delaware 54,415 52,342 2,073 3.8% 3.4% 5.7% and underemployment exists in Delaware County, The Pathfinders Grant 31,194 30,066 1,128 3.6% 3.1% 5.3% was retained to provide an objective view of the quality, availability, costs, Henry 22,536 21,811 725 3.2% 3.0% 4.6% experience, and skills that a new or expanding employer can access in Jay 9,806 9,488 318 3.2% 2.8% 4.8% the East Central Indiana region. The Pathfinders report, conducted in Madison 60,694 58,669 2,025 3.3% 3.1% 5.0% May 2017, is available for download at muncie.com. Its key findings Randolph 12,580 12,145 435 3.5% 3.1% 4.5% include: TOTAL/AVE 199,654 189,670 6,884 3.5% 3.2% 5.2% ■ The East Central Indiana area has a sizable population of individuals who are working, but Source: Indiana Department of Workforce Development, June 2017 desire better jobs, and appear to possess the skills, education, and experience to qualify for those better jobs. A new or expanding employer will be able to attract employees from an additional pool of about 54,000 underemployed workers. ■ Survey results indicate that the underemployed workers in the labor shed have high levels of experience and skills in office operations and warehousing/ logistics. The average commute time to work in Muncie is 18.6 minutes, which is 28% below the United States