COLUMBIA CITY, Ind. (November 20, 2017) – The Whitley County Economic Development Corporation (EDC) shared that the U.S. Bureau of Economic Analysis recently released the 2016 per capita personal income (PCPI) data for the U.S., and the numbers in Whitley County are looking pretty good.
Last week on November 16, the U.S. Bureau of Economic Analysis released information on income growth in the northeast Indiana region. According to the report, the PCPI for the nation grew at a rate of 1.6 percent in 2016. In Whitley County, the PCPI rate was more than double the national average with an increase of 3.7 percent. Whitley County also had one of the highest rates of growth in Indiana.
“Perhaps the most important role of the EDC is to increase the income and opportunities for the residents of Whitley County. This is great news for our families, communities and local economy,” said EDC President Jon Myers.
In 2016, the annual PCPI for Whitley County residents was $40,731, which was the first time the number has ever exceeded $40,000 per year.
Per capita personal income is calculated as the total personal income of the residents of a geographic area divided by the resident population of the area. The U.S. Bureau of Economic Analysis releases the data annually. To view the full preliminary data set on the Northeast Indiana Regional Partnership’s website click here.
About Whitley County EDC
The Whitley County Economic Development Corporation (EDC) is the lead economic development agency in Whitley County, Indiana. The EDC works closely with local, regional, and state partners to support our industry clients’ growth and success. Our mission is to lead a comprehensive economic development program that retains and expands employment opportunities for local residents and attracts business investment to Whitley County. The Whitley County EDC was established in 1992 and represents Whitley County, Columbia City, and the Towns of Churubusco, Larwill, and South Whitley. For more information about the EDC, visit: whitleyedc.com.
Katie Dewitt (Whitley Co. EDC) – 260.244.5506