Radius Blog

Our Region Boosts the Earning Potential for Future Generations

Dec. 1, 2016

By Jeff Quyle, Radius Indiana President and CEO

The Radius Indiana region is home to numerous businesses, a beautiful landscape as well as a culture and mindset that values personal responsibility and hard work. That mindset is an advantage to the businesses in our eight-county region, which includes Washington, Crawford, Dubois, Orange, Martin, Daviess, Greene and Lawrence counties. The labor force in our communities is productive – and good for business – and it turns out that recent research shows that the good work ethic of our region is just as good for our folks themselves. While we all know that intuitively, it’s good to read a study that backs up the facts.
 
In a study titled “The Impacts of Neighborhoods on Intergeneration Mobility: Childhood Exposure Effects and County-level Estimates,” published in 2015, Harvard economists looked at the types of communities that offer upward mobility for children. They studied the movements of families with children from high-poverty neighborhoods to neighborhoods with less poverty. Subsequently, the New York Times applied the study’s findings to statistics for every county in the U.S., to see which counties had the right circumstances and cultures that allow children to earn more income than their parents, which is the American Dream after all.
 
The study found that for each year a child is exposed to positive surroundings it helps increase his or her chances for success. And on a county-by-county basis, every county in the Radius region was statistically shown to deliver increased chances for financial improvements for those raised in our region.
 
For example, a girl who grows up in an average income family in Orange County would have an average future income better than girls who grow up in 69 percent of other counties in the U.S. As the young woman enters the workforce she is likely to make an additional $1,890 per year in income, because she had been shaped by Orange County’s environment.
 
Particularly outstanding is the anticipated value of growing up in Dubois County. A boy who grows up in an underprivileged family in Dubois County is expected to earn more than another child raised in 96 percent of all counties in the U.S, which translates to $5,960 more in yearly income.
 
And according to the projections, every Radius county is a positive place for children to grow up, in terms of giving them an advantage in their future earning potential—our communities are creating positive futures for our children.
 
What kinds of factors seem to be important to helping children grow up better prepared to work in the world? Good schools are one factor, of course. Also factoring in are lower rates of violent crime, higher percentages of two-parent households and less segregation by income and race. These are all strengths of the Radius region. 
 
Unfortunately, we do not have enough jobs in the region to keep our future workforce employed; many of our youth leave our counties when they reach young adulthood. Our Radius population includes only 7.6 percent of residents who are between the ages of 18 and 24. The state of Indiana population overall, for that same age range, is 10 percent.  And among residents who are ages 25 to 34, Radius has only 11.2 percent, while the state population is 12.8 percent, and the national average is 13.3 percent. These numbers show that our youth do not stay in our region when they become young adults.
 
Along with your county’s local economic development office, Radius Indiana works to bring new jobs to the region. We want our youth to have opportunities to stay in our region to live and to work, if they so choose. We are committed to helping our existing businesses grow and prosper, so they may hire more of our local residents, and we also work to persuade new companies to come to the Radius region to bring jobs that can be filled by the types of people who will be productive workers and lifelong residents of our communities.
 
We thank you for your continued support of your local economic development strategies and initiatives. It takes long-term investment in infrastructure, education and quality of place to build communities that are as good as those in our region for raising families, and we know these types of investments have incredible returns.
 
Latest News
BEDFORD, Ind. (Oct. 10, 2017) - Radius Indiana’s economic outreach included traversing two states in three days last week to meet with site selectors and business advisers. Radius first made a stop in Cincinnati and then traveled to Chicago to join the Indiana Economic Development Corporation’s site selector trip in an effort to raise awareness about the pro-business environment in the Hoosier state and the Radius region. 
Linton, Ind. (Sept. 25, 2017) – ProMark Building Solutions, a commercial and residential steel roofing manufacturer, celebrated the beginning of operations and the creation of 17 new jobs by 2020 with a ribbon cutting ceremony today at its new facilities located at 575 N. 1000 W. in Linton.

BEDFORD, Ind. (Sept. 5, 2017) - Radius Indiana traveled to St. Louis last week along with representatives from the Indiana Economic Development Corporation (IEDC) and the Daviess County Economic Development Corporation (DCEDC) to meet with site selectors.
BEDFORD, Ind. (August 28, 2017) — Radius Indiana held the region’s first economic development incentive seminar for area accountants and financial managers Aug. 22 at French Lick Resort.
BEDFORD, Ind. (August 21, 2017) - Radius Indiana served as the host sponsor for the 2017 Indiana Economic Development Association's Site Consultant Event at the French Lick Resort, Aug. 16-18.
BEDFORD, Ind. (August 02, 2017) — Radius Indiana released today its first findings from the Radius Tourism Index (RTI). The index shows that the Radius region is outpacing other areas of the state in the overall vitality of the tourism industry sector.

BEDFORD, Ind. (July 17, 2017) - Radius Indiana traveled to Seattle last week with an Indiana delegation led by the Indiana Economic Development Corporation to meet with site selectors and business advisers.
BEDFORD, Ind. (June 28, 2017) — Radius Indiana partnered with South Central Indiana Economic Development to share insights about their respective southern Indiana regions as co-hosts of an educational session for 10 site selectors and business advisers in downtown Louisville this week.

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