The U.S. Bureau of Economic Analysis says northeast Indiana’s per capita personal income as a percentage of the nation’s per capita personal income is up, area officials reported Monday.
In 2010, residents in the region made 79.4 percent on the dollar, and in 2011 that number rose to 79.9 percent.
We now have three years of data that indicate that we have arrested the decline in per capita personal income, said John Stafford, director of the Community Research Institute at IPFW.
Since 1994, the percentage has been declining and we now have reason to believe that we have turned the corner. We must stop the decline before we can begin the trek upward, and that is what this new data shows us is happening.
Regional leaders behind the Vision 2020 initiative have used the per capita personal income chart as a rallying cry for the region. The main goal behind the initiative is to reverse the decline in per capita income relative to the nation.
Regional leaders have cause to celebrate today as we now have data that shows that the regional collaboration here is making a difference, said Mike Packnett, chairman of the Northeast Indiana Regional Partnership’s governing board.
Packnett is president and CEO of Parkview Health.
Local franchise fees have Comcast in lead
Comcast Corp. continues to be tops among cable TV viewers, according to a city subscription indicator.
City of Fort Wayne officials Monday released third-quarter franchise fee figures that showed the Philadelphia company paid $461,833, compared with $187,746 by Frontier Communications Corp. The home infotainment services companies must pay the city 5 percent of either gross annual subscriber receipts or the franchisee’s gross annual receipts, whichever is higher.
The cable providers typically don’t reveal a customer count, but franchise fees are a gauge of their market share. Last year, Comcast paid about $1.6 million to the city, while Stamford, Conn.-based Frontier paid $1.1 million.
SEC shake-up likely means staying course
The leadership of the Securities and Exchange Commission will change next month. Its approach to regulation probably won’t.
Mary Schapiro will step down as chairwoman after a tumultuous tenure in which she helped lead the government’s regulatory response to the 2008 financial crisis.
Replacing her will be Elisse Walter, one of five SEC commissioners, whose career path has tracked Schapiro’s for nearly three decades.
Walter has served under Schapiro at both the SEC and the Financial Industry Regulatory Authority, the securities industry’s self-policing organization. Both women worked at the SEC in the 1980s.
Woohoo: Nintendo sells 400,000 Wii U’s
Nintendo has sold more than 400,000 of its new video game console, the Wii U, in its first week on sale in the U.S., the company said Monday.
The Wii U launched on Nov. 18 in the U.S. at a starting price of $300. Nintendo said the sales figure, based on internal estimates, is through Saturday, or seven days later.
The Wii U is the first major game console to launch in six years.