{"id":46180,"date":"2015-02-24T22:00:45","date_gmt":"2015-02-25T03:00:45","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=46180"},"modified":"2020-12-07T19:34:20","modified_gmt":"2020-12-08T00:34:20","slug":"2014-report-shows-company-closures-at-record-low","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2015\/02\/24\/2014-report-shows-company-closures-at-record-low\/","title":{"rendered":"2014 report shows company closures at record low"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.aroundfortwayne.com\/news\/wp-content\/uploads\/\/2013\/03\/NEIRP-174x200.jpg\" alt=\"Northeast Indiana Regional Partnership logo\" width=\"174\" height=\"200\" class=\"aligncenter size-thumbnail wp-image-35585\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>News release from the Northeast Indiana Regional Partnership:<\/p>\n<blockquote><p><strong>2014 report shows company closures at record low<\/strong><br \/>\n<em>Expansions boosting job growth<\/em><\/p>\n<p><!--more--><\/p>\n<p>(February 12, 2015) &#8211; When comparing numbers from the last seven years, Northeast Indiana had the lowest number of company closures in 2014, breaking a trend seen in the last four years after the recession. Additionally, company expansions are continuing to drive job growth in the region.<\/p>\n<p>That&#8217;s according to the annual Business Dynamics Report, released by the Northeast Indiana Regional Partnership in conjunction with the Community Research Institute at Indiana University-Purdue University Fort Wayne (IPFW). The report tracks business events within target industries and major employers in the 10-county Northeast Indiana region, including companies new to the region, expansions, acquisitions, layoffs, closings and downsizings.<\/p>\n<p>&#8220;I am optimistic about the data presented in this report. Among the announcements tracked, greater employment gains were registered among business expansions over last year. While new jobs associated with business relocations are down slightly compared to last year, outside interest in the form of acquisitions is up,&#8221; said Ellen Cutter, director of the Community Research Institute (CRI) at IPFW.  &#8220;These events contribute to notably strong labor force growth. Annual labor force growth over the last year has reached a level not seen in nearly two decades.&#8221;<\/p>\n<p>By the numbers, there were nine new company announcements and 98 expansions in Northeast Indiana in 2014. The expansions are expected to add 2,992 jobs, with two-thirds of those jobs in the manufacturing sector. All together, the new and expansion announcements are expected to result in $535.8 million in investments in Northeast Indiana.<\/p>\n<p>&#8220;As a region, we&#8217;ve relied on our deep-rooted determination and resilient attitude to rise above challenges,&#8221; said John Sampson, president and CEO of the Northeast Indiana Regional Partnership. &#8220;We&#8217;ve worked hard to create opportunities to advance Northeast Indiana, and the growth we&#8217;ve experienced over the past year reinforces that those efforts are paying off.&#8221;<\/p>\n<p><a href=\"https:\/\/image.exct.net\/lib\/fef611767d6105\/d\/1\/2014%20Business%20Dynamics%20Report.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Download the full 2014 Business Dynamics Report<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About The Northeast Indiana Regional Partnership<\/strong><br \/>\nThe Northeast Indiana Regional Partnership was formed in 2006 to help build a globally competitive economy in Northeast Indiana. It is a public-private partnership creating business investment by generating business leads, developing product and fostering regional collaboration. In 2010, the Partnership launched Vision 2020 to bring the region together around five key areas for economic growth: 21st Century Talent, Competitive Business Climate, Entrepreneurship, Infrastructure and Quality of Life. The 10 counties of Northeast Indiana include Adams, Allen, DeKalb, Huntington, LaGrange, Noble, Steuben, Wabash, Wells and Whitley. For more information, visit www.NEIndiana.com.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h3>Related Images:<\/h3><div class=\"ngg-related-gallery\">\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/assorted-photos\/italy_brochure.jpg\"\n\t\t\ttitle=\"The Northeast Indiana Regional Partnership&#039;s Italy brochures. Courtesy photo.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"5501\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/assorted-photos\/italy_brochure.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/assorted-photos\/thumbs\/thumbs_italy_brochure.jpg\" data-title=\"The Northeast Indiana Regional Partnership&#039;s Italy brochures\" data-description=\"The Northeast Indiana Regional Partnership&#039;s Italy brochures. Courtesy photo.\">\n\t\t\t<img title=\"The Northeast Indiana Regional Partnership&#039;s Italy brochures\"\n\t\t\t\talt=\"The Northeast Indiana Regional Partnership&#039;s Italy brochures\"\n\t\t\t\tdata-image-id=\"5501\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/assorted-photos\/thumbs\/thumbs_italy_brochure.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/twitter-photos\/awf39pfceaemfus.jpg\"\n\t\t\ttitle=\"At least water had been thoughtfully provided at every news conference I&#039;ve been to today. Twitter photo tweeted June 28, 2012.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"6583\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/twitter-photos\/awf39pfceaemfus.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/twitter-photos\/thumbs\/thumbs_awf39pfceaemfus.jpg\" data-title=\"2012\/06\/28: Bottled water\" data-description=\"At least water had been thoughtfully provided at every news conference I&#039;ve been to today. Twitter photo tweeted June 28, 2012.\">\n\t\t\t<img title=\"2012\/06\/28: Bottled water\"\n\t\t\t\talt=\"2012\/06\/28: Bottled water\"\n\t\t\t\tdata-image-id=\"6583\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/twitter-photos\/thumbs\/thumbs_awf39pfceaemfus.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/twitter-photos\/awf8_jucmaqh3ya.jpg\"\n\t\t\ttitle=\"At an announcement from regional mayors and leaders. Twitter photo tweeted June 28, 2012.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"6584\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/twitter-photos\/awf8_jucmaqh3ya.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/twitter-photos\/thumbs\/thumbs_awf8_jucmaqh3ya.jpg\" data-title=\"2012\/06\/28: NEIRP announcement\" data-description=\"At an announcement from regional mayors and leaders. Twitter photo tweeted June 28, 2012.\">\n\t\t\t<img title=\"2012\/06\/28: NEIRP announcement\"\n\t\t\t\talt=\"2012\/06\/28: NEIRP announcement\"\n\t\t\t\tdata-image-id=\"6584\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/twitter-photos\/thumbs\/thumbs_awf8_jucmaqh3ya.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106862.jpg\"\n\t\t\ttitle=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"10864\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106862.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106862.jpg\" data-title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\" data-description=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\">\n\t\t\t<img title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\talt=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\tdata-image-id=\"10864\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106862.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106865.jpg\"\n\t\t\ttitle=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"10867\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106865.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106865.jpg\" data-title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\" data-description=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\">\n\t\t\t<img title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\talt=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\tdata-image-id=\"10867\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106865.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106879.jpg\"\n\t\t\ttitle=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"10868\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106879.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106879.jpg\" data-title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\" data-description=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\">\n\t\t\t<img title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\talt=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\tdata-image-id=\"10868\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106879.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106905.jpg\"\n\t\t\ttitle=\"City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"10869\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106905.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106905.jpg\" data-title=\"2009\/08\/16: City employees and participants\" data-description=\"City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\">\n\t\t\t<img title=\"2009\/08\/16: City employees and participants\"\n\t\t\t\talt=\"2009\/08\/16: City employees and participants\"\n\t\t\t\tdata-image-id=\"10869\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106905.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106903.jpg\"\n\t\t\ttitle=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"10870\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106903.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106903.jpg\" data-title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\" data-description=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\">\n\t\t\t<img title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\talt=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\tdata-image-id=\"10870\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106903.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106883.jpg\"\n\t\t\ttitle=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"10873\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106883.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106883.jpg\" data-title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\" data-description=\"Dan O&#039;Connell (President, Convention Visitor&#039;s Bureau) and Mayor Tom Henry, with City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\">\n\t\t\t<img title=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\talt=\"2009\/08\/16: Dan O&#039;Connell and Mayor Tom Henry\"\n\t\t\t\tdata-image-id=\"10873\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106883.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106911.jpg\"\n\t\t\ttitle=\"City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"10876\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/106911.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106911.jpg\" data-title=\"2009\/08\/16: City employees and participants\" data-description=\"City employees and participants in the All-America City award process at Parkview Field on August 16, 2009.\">\n\t\t\t<img title=\"2009\/08\/16: City employees and participants\"\n\t\t\t\talt=\"2009\/08\/16: City employees and participants\"\n\t\t\t\tdata-image-id=\"10876\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/2009-tincaps-1\/thumbs\/thumbs_106911.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/fort-wayne-people\/john_stafford.jpg\"\n\t\t\ttitle=\"John Stafford director of the IPFW\u2019s Community Research Institute. Courtesy image.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"11565\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/fort-wayne-people\/john_stafford.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/fort-wayne-people\/thumbs\/thumbs_john_stafford.jpg\" data-title=\"John Stafford\" data-description=\"John Stafford director of the IPFW\u2019s Community Research Institute. Courtesy image.\">\n\t\t\t<img title=\"John Stafford\"\n\t\t\t\talt=\"John Stafford\"\n\t\t\t\tdata-image-id=\"11565\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/fort-wayne-people\/thumbs\/thumbs_john_stafford.jpg\"\/>\n\t\t<\/a>\n\t\t\t<a href=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/isp\/t20251111-ISP.jpg\"\n\t\t\ttitle=\"From left to right: Troopers Chase Pfefferkorn, Eric Mitchel, Bryce Kukelhan, and Caleb Wooldridge. Photo courtesy of the Indiana State Police.\"\n\t\t\tclass='thickbox' rel='b997e9a2b16a01bebc4f2e1318d2a566' data-image-id=\"12286\" data-src=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/isp\/t20251111-ISP.jpg\" data-thumbnail=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/isp\/thumbs\/thumbs_t20251111-ISP.jpg\" data-title=\"Indiana State Police Fort Wayne Post Troopers\" data-description=\"From left to right: Troopers Chase Pfefferkorn, Eric Mitchel, Bryce Kukelhan, and Caleb Wooldridge. Photo courtesy of the Indiana State Police.\">\n\t\t\t<img title=\"Indiana State Police Fort Wayne Post Troopers\"\n\t\t\t\talt=\"Indiana State Police Fort Wayne Post Troopers\"\n\t\t\t\tdata-image-id=\"12286\"\n\t\t\t\tsrc=\"https:\/\/aroundfortwayne.com\/news\/wp-content\/gallery\/isp\/thumbs\/thumbs_t20251111-ISP.jpg\"\/>\n\t\t<\/a>\n\t<\/div>","protected":false},"excerpt":{"rendered":"<p>When comparing numbers from the last seven years, Northeast Indiana had the lowest number of company closures in 2014.<\/p>\n","protected":false},"author":2,"featured_media":35585,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1716],"tags":[12598,399,8301,23,2455,21223],"class_list":["post-46180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-releases","tag-business-dynamics-report","tag-community-research-institute-at-ipfw","tag-ellen-cutter","tag-fort-wayne-indiana","tag-john-sampson","tag-neirp-northeast-indiana-regional-partnership"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - 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