BEDFORD, Ind. (Inside INdiana Enterprise) — Financial improvement officers in southern Indiana say the area has proven resiliency in the course of the pandemic and is optimistic about its restoration. Bedford-based Radius Indiana says the common unemployment fee in December for the eight counties in its group was 3%, whereas the statewide unemployment fee was 4.3%
The group says the pandemic’s impression on Radius counties was uneven. Whereas protection and manufacturing-dense counties noticed a “very slight improve” in unemployment over the course of the 12 months, counties with tourism-dependent economies suffered extra important job losses.
“We’re happy with the resiliency our communities and companies have proven over the previous 12 months. This sustained progress demonstrates the potential our area has for financial success, particularly when the pandemic is over,” mentioned Radius President and Chief Govt Officer Jeff Quyle.
Quyle says a wages and advantages survey performed for Radius reveals many regional employers count on so as to add staff over the subsequent 12 months. The survey additionally discovered that 77% of employers are planning pay raises within the subsequent 12 months.
Quyle says the group has invested $4.4 million over the previous 5 years to help infrastructure and total financial improvement enhancements, similar to enhancements at airports, water retention efforts, and downtown developments.
Radius board members say the funding is paying off.
“Radius’s continued help of Washington County and our neighbors have performed a vital position in sustaining our economies,” mentioned Justin Inexperienced, who represents Washington County on the Radius board. “Their funding, particularly in infrastructure and financial improvement all through the area, has created jobs and alternatives which have prevented bigger unemployment charges.”