The Herald Bulletin

Afternoon Update

Local Business

November 11, 2013

Emmett Dulaney: Madison County Economic Outlook Part II

Last week, we started looking at the numbers for the county and putting them in perspective by examining variables related to employment and the labor force. This week, we will look at variables related to the population (demographics and households), and welfare.

Population, Demographics, and Households

The population for the county has not changed much in recent years. The population for the city has decreased, but as many have left the city they have chosen to move to other locations within the county and thus those numbers have stayed relatively steady.

While the population number has not changed much over the past several censuses, the demographics of those living in the area have changed. According to the Census Bureau, 16.3 percent of the county is above 65 years of age, compared to 13.6 percent for the state. Residents over the age of 25 that have a bachelor’s degree or higher is 16.8 percent, compared to 22.7 percent for the state’s average, and the median household income for the county is $4,358 below the average for the state. With less money to spend, the retail sales per capita are almost $3,000 below the state average of $12,408. In short, the county has an older population with less education, less income, and less spending power than most of the other counties in the state.

Welfare

Changes in the number of food stamp recipients and the dollar amount of food stamp payments are one indicator of economic distress in a community. The number of food stamp recipients and the corresponding amount of food stamps issued continued to climb during 2013 in Madison County. The number of food stamp recipients increased to over 23,000 individuals (about 17.5 percent of the population in the county; 19 percent of the households) during the January to August time period and the dollar amount distributed increased by almost 3 percent. To put that in perspective, by doubling the number of recipients over the course of a decade, there are 27 counties in Indiana that have fewer people living in them than what we have on food stamps in Madison County. The dollar amount of the program has tripled over that time and is now more than $3 million monthly.

Text Only
Local Business
  • boynton, brandon photo Teen receives funding for business venture Brandon Boynton is moving forward with his business dreams, thanks in part to a local working capital loan and a fundraising campaign.

    July 30, 2014 1 Photo

  • Senior housing project advances If all the pieces fall into place within the next two weeks, construction on a new senior housing development could begin this fall.

    July 30, 2014

  • Roundabout bids higher than expected Bids for a planned facelift of the gateway into Anderson from Interstate 69 at Scatterfield Road came in considerably higher than the engineer’s estimate for the project.

    July 29, 2014

  • FEA - HB0729 - Senior Falls Aging safely in the comfort of her home Marilyn Moneyhun said being totally reliant on others is difficult. "Losing your independence is a shock to your system," Moneyhun, 84, said. "You are not in control anymore."

    July 29, 2014 1 Photo

  • NWS - HB0728 - business expansion CB Fabricating makes $2 million investment

    A local business founded in 2006 has invested $2 million in new equipment and a building expansion.

    July 29, 2014 1 Photo

  • Charo Boyd: 'My Social Security' simplifies your life So many people buzz through extremely busy and complicated schedules these days. A smartphone in one hand, a computer in front of you, and a digital task list that never seems to end. In addition, to complicate things just a little more, there’s another event you need to add to your list — National Simplify Your Life week.

    July 28, 2014

  • nws - hb0725 - colts - jc - 4.jpg Colts camp's impact: pricey or priceless?

    Football fever is here and the city is flooded with fans eager to catch a glimpse of a favorite player. But officials say they are unclear what kind of economic impact the Indianapolis Colts training camp has on the area.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Skill gap 2 Seeking a solution today, not tomorrow Tina Warner-Morton says she wants to open her own healthcare business because it is too difficult to work for an employer with unclear employee expectations.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Cathy Cupboard Biz Profile Business Profile: Cathy's Cupboard focuses on customer satisfaction Cathy McPhearson opened her first storefront in June, but this is not her first venture into business. “I have always wanted to have my own business,” she said. “The problem was finding what people like, but everyone seems to like candles.”

    July 26, 2014 1 Photo

  • IU Health Ball Memorial Hospital named Level III trauma center The Trauma Center at Indiana University Health Ball Memorial Hospital has been verified as a Level III Trauma Center by an ad hoc committee of the Committee on Trauma (COT) of the American College of Surgeons.

    July 26, 2014

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide