Elkhart County economic output, exports surged in 2011, report shows
Posted: 03/05/2013 at 11:25 am
By: Justin Leighty
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Carrera Custom Painting worker Brad Robbers applies masking paper to the exterior of a unit as he prepares to put the next layer of paint on Thursday, Feb. 28, 2013. The Elkhart RV paint specialty shop is adding 100 new jobs. (Truth Photo By Jennifer Shephard)
Henry Walter installs a water tank on a RV unit at Prime Time in Wakarusa Thursday, Jan. 10, 2013. Prime Time has started production in a couple of the former Utilimaster buildings following Forest River's purchase recently. (Truth Photo By Jennifer Shephard) ¬ ¬ ¬
This area is also expected to lead continued growth once 2012’s numbers are released, according to the U.S. Conference of Mayors’ most recent U.S. Metro Economies report. This area was one of five listed in the report expected to lead the way.
Exports for the Elkhart-Goshen metro statistical area were just shy of $1.04 billion in 2009, according to the U.S. Department of Commerce’s International Trade Administration. In 2011, the latest year available, that had risen to more than $1.55 billion, putting the area between Rockford, Ill., and Bellingham, Wash., in about the top third of all U.S. metro areas for 2011. Elkhart County was well ahead of the Fort Wayne area ($1.28 billion), but below the South Bend-Mishawaka area ($2.1 billion).
According to the commerce department’s Bureau of Economic Analysis, Elkhart County’s gross domestic product in 2009 bottomed out at $7.32 billion. In 2011, the numbers came back to just more than $9.11 billion.
Elkhart County has one of the most manufacturing-heavy economies in the U.S. The manufacturing sector’s gross output was $2.74 billion in 2009 and up to $4.26 billion in 2011.
Elkhart County’s per-capita personal income also continued to rise in 2011, reaching $32,131, well up from 2009’s $29,119, according to the bureau of economic analysis.
According to the U.S. Metro Economies report from last year, “The resurgent manufacturing sector will be the engine powering growth in Columbus and Elkhart-Goshen. Since the end of the recession — during which inventories were short and payrolls fell drastically — firms have called back workers and expanded operations as the recovering economy has demanded a greater supply of manufactured goods. The metropolitan areas of the Rust Belt will reap the benefits of this recovering manufacturing sector. In particular, Elkhart-Goshen will expand its recreational vehicle manufacturing.”
That happened with about 13 percent growth last year in the RV industry, according to the Recreation Vehicle Industry Association.