South Bend’s growing economy, its growing population and its booming economy are attracting some of the most highly-educated and skilled residents to the South Bend metro area, according to a new study.
The city, which is the fifth-largest metropolitan area in the U.S., is home to over 1.6 million residents, making it the eighth-largest city in the country, according.
The South Bend-Lincolnshire area has been booming for years, but growth has slowed in recent years as housing prices have soared and the area has lost jobs, particularly to the suburbs.
The study, published in the March issue of the American Economic Review, found that the housing development boom in the region was linked to two factors: a strong economy, which led to a more-educated workforce, and a higher income.
The area’s employment is booming, according the report.
A year ago, the area had just over 9,500 residents.
By last year, it had risen to 12,000 and is projected to reach 17,000 by 2021.
The increase in residents has also created an opportunity for those residents to move to South Bend from other cities in the state.
It is an economic driver that helps boost the area’s overall economic growth, said David Moseley, a professor of economics at the University of South Bend.
“If you are going to have a more diversified workforce, then it’s important for that to be diversified, Mosely said.”
So it’s not only about getting more and more people to the region, it’s also about being able to attract the talent that you need to continue to grow the economy,” he added.