Noble County is one of the hardest hit counties in the country, with unemployment over 14 percent, second in Indiana to Elkhart.
The Mall-NooZ contacted Rick Sherck, economic development director for Noble County, and asked some questions about where the county is at economically now, and what's on the horizon. Below are our questions followed by his candid answers.
According to the state, Noble County 's unemployment dipped by about two points in September to 14%. Can you tell us why?
There could be a number of reasons that the unemployment numbers are decreasing. I believe the RV and Auto industries are experiencing and increase in demand, therefore workers have been hired. I also believe there may be displaced workers who are no longer filing for unemployment.
According to feedback from local businesses, how does the employment picture look in our county now, and into the next six months?
I don’t believe there is a clear picture as of yet. There is a direct correlation between consumer spending and the employment picture, was the consumer starts spending the employment picture will improve.
How have we improved the jobs picture in the past year? Or are local people simply dropping out of the job market and so are no longer counted, but still hurting?
It probably is a little of both. I know there are industries in northeast Indiana that are hiring at the present time, I am also aware of industries in northeast Indiana that are still reducing their workforce. We have been fortunate to land some industry consolidations as well as expansions… Dexter Axle, Taylor Made , Advantage Thermal, Courier We also have industries such as Structural Composites in Ligonier who have worked to diversify their product offerings. These diversification efforts have allowed them to call back workers.
Are there any projects on the horizon that would help with unemployment?
We our in conversation with a number of different entities, I believe there could be some good things on the horizon, but we have to get there to find our for sure. One bright spot is the decision by Precision Tank to build a facility in Ligonier. This operation will help us diversify our economy and bring approximately 14 new well paying jobs to Noble County .
What would Region 3A business innovation center, planned in Avilla, do for businesses and jobs in our county, if anything?
While I am supportive of this effort, I really don’t know for sure. Historically in difficult economic times you see an increase in entrepreneurial start ups. With that said, a Business Incubator would provide a location for some of this startups, however there are other obstacles that need to be overcome before a location is needed for a new business.
What projects has your agency put into place in the past year that will improve employment and diversify the manufacturing base in Noble County?
We have completed Phase II of our website and developed a Marketing Plan and brochure promoting the County. We are currently undertaking an industrial survey of companies that have indicated they would be interested in diversifying their product offering to areas such as Green Energy, Medical or Defense. Once completed we will use these findings to market our manufacturing capabilities to these targeted sectors.
What new industries do you believe will drive the future of business in our county, according to your expertise?
This is a tough questions as I can’t see into the future. However, we do have a manufacturing base with a skilled work force, we make things out of metal, plastics and composite materials. I believe these skill sets can serve as well as we look toward the future. The key is we have to open to change and aggressively seek new opportunities that are on the horizon.
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