Batesville Herald Tribune, Batesville, Indiana

Business

April 8, 2014

Intriguing economic numbers offered

About a dozen attendees had to guess the answers to four tough questions during “Transforming Your Local and Regional Economy,” an April 3 workshop at the Batesville library presented by Lionel “Bo” Beaulieu, Purdue Center for Regional Development director, and Dr. Michael Wilcox, Purdue Extension Economic and Community Development assistant program leader, with assistance from the Southeast Indiana Small Business Development Center.

After guesses were tossed out, Beaulieu revealed the answers. Which industry in this county employed the most people in 2012? For Franklin County, the top two employment categories were government (including teachers), 1,051; and retail, 861. The top Ripley County employers were manufacturers, 2,198; and health companies, 1,730.

Which industry paid the highest average wages? In Franklin County it was manufacturing at $58,516; in Ripley County, it was management at $101,437.

Which sector created the most jobs between 2005-12? In Franklin County, 88 real estate and rental/leasing workers were added. In Ripley County, 261 professional, scientific and technical services jobs were created.

Which sector lost the most jobs during that same five-year period? In Franklin County, 391 administration and support, waste management and remediation services positions were cut. In Ripley County, 703 manufacturing jobs were gone.

The experts defined five stages of industry establishments: stage 0, one employee; stage 1, two to nine employees; stage 2, 10 to 99; stage 3, 100-499; and stage 4, 500 and over.

In 2011 Ripley County had 2,517 establishments racking up $1.8 billion in sales: stage 0, 1,021 one-person firms with $70 million; stage 1, 1,289 firms employing 3,835, $398 million; stage 2, 186 firms employing 4,412, $408 million; stage 3, 19 firms employing 3,385, $373 million; and stage 4, two firms employing 2,500, $565 million.

Ripley County’s top establishments that year at each level: stage 0, business services, $5.4 million; stage 1, pharmaceuticals, nine employees, $2.6 million; stage 2, distribution and electric power, 64 employees, $55.2 million; stage 3, hospital furniture, except beds, 300 employees, $67.8 million; stage 4, burial caskets, 1,300 employees, $293.9 million.

In 2011 Franklin County had 1,949 local establishments showing $945 million in sales: stage 0, 783 owners, $54 million; stage 1, 1,050 firms employing 3,001, $234 million; stage 2, 107 firms employing 2,574, $192 million; stage 3, nine firms employing 1,569, $465 million; stage 4, none.

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