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City Tax Levies and Collections f~ Levy/Collect Amount of Lev Percent Collected 1987 /88 1986/87 1985 /86 1984 /85 1983184 1982 /83 198 I /82 -, $26,832,369 25,500,623 24,524,300 24,246,149 23,147,657 22,090,568 20,944,113 GENERAL INFORMATION In Process 101% 96% 98% 100% 99.5% 97% South Bend is located in northern Indiana approximately 100 miles east of Chicago and 140 miles north of Indianapolis. Interstate Highway I-90 is one mile. from the City. The City is experiencing new growth. and diversification of its economic base after a period of decline in heavy manufacturing. Population Trends The 1986 Census estimate for the City of South Bend is 107, 190, a net increase of 73 persons over the 1984 Census estimate of 107,117. This is a positive sign for the City, after having experienced significant losses of population during the previous two decades and again during the 1982 recession. Furthermore, local sources in touch with the new development and employment data believe that the previous trend has been reversed and are projecting the St. Joseph County population to be 242,000 by 1990, a net increase of approximately 380 persons over the 1980 census figure and an increase of 2,400 persons over the 1982 census estimate. Economy The City's economy is based on a mix of commercial-industrial concerns, educational and medical institutions, government, and convention/tourism business. No single type of industry dominates. The many new business developments that occurred in 1987 also indicate a trend toward international business development. A sampling of new developments is listed below, followed by a list of major employers in the City. Additional employment opportunities may be found in the adjacent City of Mishawaka and the City of Elkhart, 20 miles from South Bend. The South Bend-Mishawaka Area Chamber of Commerce recently honored its member companies for having created 2,907 jobs and adding $I 11.6 million in capital investments over the past IS months. I/N TEK - a $400 million, ultra-modern cold-rolling steel mill will be built as a joint venture by companies in the U.S. and Japan. The facility is expected to be completed by 1989 and employ 230 permanent workers. AE INC. - a subsidiary of a British company, has built a $3 million 110,000 square foot high-tech piston plant to supply the American automotive market. AE Inc. installed $I2 million in new equipment and plans to employ 75 people. AMERITECH SERVICES, 1NC. -completed its first year in their new $16 million, 275,000 square foot distribution center. The facility serves as the central warehouse for Bell Telephone companies in five states and there are currently 200 employees. -13-