News release from the City of Fort Wayne:
Mayor Henry Encouraged by Latest GDP Stats
Pledges to Continue Job Creation Efforts
New data released from the U.S. Bureau of Economic Analysis shows that while much of the country is losing manufacturing jobs, Fort Wayne’s manufacturing sector is growing. In fact, Fort Wayne’s real gross domestic product (GDP) grew by nearly a quarter (23.1%), nearly four times the national average last year. Equally encouraging was the 5.2% growth rate for total GDP in the area, more than twice that of the national average (2.5%).
“We’ve worked hard to cut red tape and encourage economic growth with our partners at the Alliance and the Chamber. It’s good to see our efforts paying off. Area companies are continuing to expand – they’re adding new jobs and our GDP output is outpacing the nation. As Mayor I will continue to do everything I can to encourage business growth and the creation of new jobs,” said Mayor Tom Henry.
Andi Udris, President of the Economic Development Alliance, also noted that, “This is more proof that what we’re doing in Fort Wayne is working. As long as the city and business community continue working as hard as they have been we expect to have encouraging data like this in the future.”