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In addition to many new industrial developments, the South Bend area added a variety <br />of other new developments such as health care facilities, shopping centers, hotels and <br />condominiums, and office buildings for its growing service sector. <br />The City, of South Bend is part of a retail trade area with an estimated population of <br />792,000 known as the Michiana Region. Retail sales and effective buying income are <br />shown in a table on page 18 of this Official Statement. <br />The University of Notre Dame, although located just outside the City, has a significant <br />impact on the economy and character of the City. The University Director of <br />Community Relations recently reported that the day-to-day operating costs of the <br />University translate into an estimated $I million-a-day contribution to the Michiana <br />community. The total economic impact of the University on the community is <br />estimated to be $435 million a year. <br />Convention trade and tourism comprise q growing sector of the South Bend area <br />economy. A 1983 statewide survey ranked St. Joseph County second in travel <br />expenditures with $124 million taken in by local business (the study excluded <br />Indianapolis/Marion County). The study showed the County had a $27 million travel- <br />generated payroll and 3,300 jobs in 1983. The City anticipates additional tourism- <br />related revenues from the Olympic-class East Race Waterway, the new Stanley <br />Coveleski Regional Stadium, and Special Olympics, which the City co-hosted with the <br />University of Notre Dame in 1987. South Bend offers a variety of hotel and convention <br />facilities. Century Center, the City's convention center, opened in the downtown area <br />in 1977. The center contains meeting rooms, a museum, visual arts gallery, and a 700- <br />seat theater. In 1986, the South Bend area hosted 101 conventions with 143,724 <br />delegates representing an economic impact in excess of $29 million. Total lodging tax <br />receipts generated from the County-wide 5% tax on hotel/motel beds, were $924,000, a <br />9% increase over 1985. Tax receipts generated in 1984 and 1983. were $797,844 and <br />$634,177, respectively. <br />Major Employers in South Bend <br />Commercial/industrial <br />Approxima#e <br />Employer Product/Service Employment <br />Allied Signal, Inc. .Airplane & Auto Parts 2, 800 <br />AM General Corp. (South Bend) Military & Postal Trucks 2, 175 <br />Allied Products Corp. Metal Stampings .783 <br />I st Source Bank Financial Services 672 <br />Martin's Super Markets Retail -Food 639 <br />RACO, Inc. Electrical Switches & Boxes b26 <br />Koontz Wagner Electric Co., Inc. 500 <br />Indiana Bell Telephone Telephone Services 475 <br />The Kroger Company Retail -Food 473 <br />L.S. Ayres & Co. Retail -Department Store 450 <br />a <br />-16- <br />