Data SnapShot Series 1.0 March 2015 DATA SNAPSHOT Boone County

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  • Data SnapShot Series 1.0 March 2015 DATA SNAPSHOT Boone County
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  • 2 Hometown Collaboration Initiative This report has been produced by the Purdue Center for Regional Development as a part of the Indiana Hometown Collaboration Initiative (HCI). HCI is funded, in part, by the Indiana Office of Community and Rural Affairs.
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  • Table of contents Introduction 01 Demography 02 Economy 03 Labor Market 04
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  • Purpose About Boone County 01 introduction
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  • 5 Purpose This document provides information and data about Boone County that can be used to guide local decision- making activities. The Data SnapShot showcases a variety of demographic, economic and labor market information that local leaders, community organizations and others can use to gain a better perspective on current conditions and opportunities in their county. To strengthen the value and usability of the information, we showcase the data using a variety of visual tools such as charts, graphs and tables. In addition, we offer key points about the data as a way of assisting the user with the interpretation of the information presented. Finally, short takeaway messages are offered at the end of each section in order to highlight some of the more salient findings. Introduction section 01
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  • 6 About Boone County Introduction section 01 County Background Established1830 County Seat Lebanon Area423 sq. mi. Neighboring Counties Clinton, IN Hamilton, IN Hendricks, IN Marion, IN Montgomery, IN
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  • Population change Population pyramids Race Ethnicity Educational attainment Takeaways 02 demography
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  • 8 Population change Components of Population Change, 2000-2013 Total Change14,521* Natural Increase3,400 International Migration342 Domestic Migration10,953 The total population is projected to increase by 9 percent between 2013 and 2020. Demography Sources: STATSIndiana, U.S. Census Bureau 2000 Decennial Census, 2010 Decennial Census, 2013 Estimates, Estimates of the Components of Resident Population Change section 02 The countys overall population increased by 31 percent between 2000 and 2013. The major contributor to that expansion was domestic migration (the difference between the number of people moving into the county versus moving out) with a net growth of almost 11,000 persons. International migration also had a positive effect on population with a net increase of 342, indicating that the county experienced a small influx of new people from outside the U.S. Finally, natural increase (births minus deaths over that span of time) also contributed 3,400 people to the population of Boone County. Total population projections 2000201020132020 *Estimation residuals are leading to a total change in population that differs from the sum of the components.
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  • 9 Population pyramids Population pyramids are visual representations of the age distribution of the population by gender. Approximately 51.2% of the population was female in 2000 (23,601 people), and that percent remained about the same in 2013. What did change is the distribution of people across the various age categories. A larger share of people shifted into the higher age groupings over the 2000 to 2013 time period. Demography Source: U.S. Census Bureau 2000 Decennial Census and 2013 Annual Population Estimates section 02 In particular, people 50 and over swelled from 12.4% to 15.4% for males and from 15.0% to 17.2% for females between 2000 and 2013. Individuals of prime working age -- 20-49 years old -- dipped from 20.6% to 18.6% for males and from 21.6% to 19.0% for females. The percent of residents under 20 years of age has remained unchanged. Male Female 20132000 Male Female
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  • 10 Race The number of non-White residents in Boone County increased by three percentage points between 2000 and 2013. While every race experienced a numerical increase, the number of individuals that are Black, Asian, or Two or More Races increased between 3 and 6 times relative to their 2000 population, helping to expand the Other Races category from 2 percent to 5 percent of the total population by 2013. Demography Race Data Source: U.S. Census Bureau 2000 Decennial Census and 2013 Annual Population Estimates section 02 2000 2013
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  • 11 Ethnicity Hispanics are individuals of any race whose ancestry is from Mexico, Puerto Rico, Cuba, Spain, the Dominican Republic or any other Spanish- speaking Central or South American country. There were 534 Hispanics residing in Boone County in 2000. This figure expanded to 1,536 by 2013, a 187.6 percent increase. As a result, Hispanics now make up 3 percent of the overall population (versus 1 percent in 2000). Demography Source: U.S. Census Bureau 2000 Decennial Census and 2013 Annual Population Estimates section 02 3%3% 1%1% Hispanics - 2000 Hispanics - 2013
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  • 12 Educational attainment Boone County had a 15 percentage point increase between 2000 and 2013 in the proportion of adults (25 and older) with an associates, bachelors, or graduate degree. The proportion of adults 25 years of age and older with a high school education or more improved from 88 percent in 2000 to 93 percent by 2013. Those with only a high school degree fell from 38 percent in 2000 to 28 percent in 2013. Adults with an associates degree grew by 2 percentage points from 2000 to 2013 (6 percent versus 8 percent), while the proportion with a bachelors degree or more increased from 28 percent to 41 percent over that same time period. As a result of this growth, 49 percent of residents in Boone County had a college degree (associates, bachelors or more) in 2013, which far exceeds the Indiana rate of 32 percent. Demography Source: U.S. Census Bureau 2000 Decennial Census and 2013 ACS section 02 2000 2013
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  • 13 Takeaways The population of Boone County is expected to grow over the next few years, and if past trends hold, that increase will be largely due to domestic in-migration (more people moving into the county from other counties in Indiana or from other places in the U.S. that are moving out). Boone Countys population also grew over the 2000-2013 period. In examining the population composition of Boone County, one finds a growing adult population of 50 and over as well as stable population of minors (0-19 years of age). What is most dramatic is the small percentage of young adults (20-29 years old) living in the county. While it has grown since 2000, it still remains small relative to the other age groups of prime working age. While the population remains largely white and non-Hispanic, the racial and ethnic diversity of the county has more than doubled since 2000. The educational attainment of adults 25 and over had dramatically increased since 2000 and the percent of adults with a terminal high school education or less has dropped. This has resulted in a resident labor force in which 1 in 2 adult residents have an associates, bachelors or higher education, 17 percentage points above the figure for Indiana as a whole. High domestic in-migration and the healthy growth of people with post-secondary education translates into a county that may be gaining importance in the Indianapolis metropolitan area, as both an employment center and residential community. In order to continue their growth toward a balanced ratio of working-age individuals and dependents (minors and elderly), Boone County should continue to develop the mix of services and amenities that will retain and attract educated young adults. Demography section 02
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  • Establishments Industries Occupations Income and poverty Takeaways 03 economy
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  • 15 Establishments Components of Change for Establishments Total Change (2000-11) 2,423 Natural Change (births minus deaths) 2,285 Net Migration 147 The number of establishments in Boone County nearly doubled from 2000 to 2011. The rapid growth of establishments was largely due to natural change. In particular, 5,266 establishments were launched in the county between 2000-2011, while 2,981 closed, resulting in a gain of 2,285 establishments. There was a gain of 147 establishments due to net migration. Economy Source: National Establishment Time Series (NETS) 2012 Database section 03 An establishment is a physical business location. Branches, standalones and headquarters are all considered types of establishments. Definition of Company Stages 0 1 2 3 4 Self- employed 2-9 employees 10-99 employees 100-499 employees 500+ employees Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. Establishment information was calculated in-house and may differ slightly from publicly available data.
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  • 16 Number of establishments by stage/employment category Economy Source: National Establishment Time Series (NETS) 2012 Database section 03 20002011 StageEstablishmentsProportionEstablishmentsProportion Stage 0 84431%1,76134% Stage 1 1,51455%3,02058% Stage 2 35013%3527% Stage 3 301%351% Stage 4 --2*0% Total 2,738100%5,170100% Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. The NETS Database is derived from the Dun & Bradstreet archival national establishment data, a population of known establishments in the United States that is quality controlled and updated annually. Establishments include both private and public sector business units and range in size from one employee (i.e., sole-proprietors and sel