A friend sent me a link to this article from Inside Indiana Business. The article cites a Ball State University brief titled, “Some Economic Effects of Tax Increment Financing in Indiana“, which postulates, per the article, that the overall effect of TIF districts in a community is negligible in the creation of economic development because it is just a function of moving development from one area (outside the TIF) to another (inside the TIF) at the expense of taxpayers outside the TIF. If you’re really interested in this, I would suggest you follow the link to the full “brief” as there is a lot more information there than what has been condensed into the article.
MCEDC
Affordable Housing Update
Culver took a step forward with their Affordable Housing Task Force on Wednesday March 11th. Representatives from the Town Council, Redevelopment Commission, Plan Commission, Public Schools, Culver Academies and MCEDC met at the library to discuss the issues and goals regarding affordable housing. With the exception of two with staff positions, all were volunteers from the community stepping up to try and make things better.
Marshall County Has Net Out-Migration
At the March Marshall County Development for the Future round table discussion, Jeff Rae made a presentation and included a few charts, one of which I have included to the right. (Click on it to blow it up to a readable size.) It basically shows the entire State of Indiana showing the projected Net Migration by region and by county. By either metric, Marshall County has net out-migration. MCEDC and other groups are working to reverse this. Culver specifically is working to reverse this via their newly formed Affordable Housing Task Force. This is not a problem that will go away on its own. Progressive action will be required.
MCEDC Graphics
Brent Martin of SRKM Architects shared a graphic he came up with for Marshall County Economic Development Corporation (MCEDC). I included it to the right. Per Brent, “After reading an article where I learned our congressional district is #2 in the nation in percentage of employment in industry – and IN #3 is number one – I came up with this little graphic…” He put the dot in the “i” in Indiana over Marshall County for emphasis. Pretty neat. Also interesting to read the ranking information that he found.
That information ties in well with the graphic MCEDC uses regularly which shows a population of nearly 31 million people within 200 miles of Marshall County. No wonder Industry congregates in our area! Visit MCEDC’s site to find out more about Marshall County and our potential.
