The COVID-19 Economic Vulnerability Index
The Vulnerability Index is a measurement of the negative impact that the coronavirus crisis can have on employment based upon a region’s mix of...
The Midwest is where a typical 250-worker chemical manufacturer should locate if it is in an expansion mode, per LaborEQ. The...
The Midwest is where a typical 250-worker chemical manufacturer should locate if it is in an expansion mode, per LaborEQ. The Indianapolis-Carmel-Anderson, Indiana metropolitan statistical area has a slight advantage over the next three sites shown in the table below due to its lower cost of living and an impressive pipeline of new graduates to fill jobs in that industry.
| MSA | Labor Availability | Pipeline of New Workers | Payroll (M) | Cost of Living |
|---|---|---|---|---|
| Indianapolis-Carmel-Anderson, IN MSA | 97% | 132% | $13.22 | 89.0 |
| Cleveland-Elyria, OH MSA | 100% | 71% | $13.54 | 95.8 |
| Akron, OH MSA | 99% | 70% | $13.17 | 92.2 |
| Cincinnati, OH-KY-IN MSA | 98% | 93% | $13.88 | 91.9 |
| Source: LaborEQ | ||||
Of course, chemists are important to this industry. An expanding plant may want to consider its location in the Indianapolis MSA based on where chemists currently live or work. From that perspective Marion County ranks first by far.
| Marion County | Work: 993 | Live: 629 |
| Hancock County | Work: 44 | Live: 49 |
| Hamilton County | Work: 38 | Live: 49 |
| Hendricks County | Work: 20 | Live: 75 |
| Source: JobsEQ | ||
