CROWN POINT – Investments by the Northwest Indiana Regional Development Authority since 2006 will have a cumulative economic impact of more than $1.1 billion by 2015, according to a study by Indianapolis-based Policy Analytics LLC.
Conducted at the request of the RDA, the study found that some $210 million have been invested in shoreline development, the Gary Chicago International Airport, commuter transportation and economic development. That investment has creased more than 2,000 jobs and represents a return on investment of $5.11 for every $1 of RDA spending.
“All of our investment are catalytic in nature and are designed to attract new businesses and improve our quality of life,” said Bill Hanna, president and CEO of the RDA. “So they will continue to generate additional return on investment in the years to come.”