FORT WAYNE, Ind. (WFFT)- County Commissioners revealed Thursday that 2017 was a booming year for the economy in Allen County. A record $1 billion was invested in commercial and residential development. It's an investment many people said was worth every penny.
"I think it's wonderful to go downtown and see it and bring other people to our downtown. It's fabulous," said Beatrice Williams Tevis.
Williams Tevis is a lifelong resident of Fort Wayne and has watched the area reshape around her. From housing to downtown, residents said Allen County is rising to the top.
"I think the riverfront is really wonderful. I grew up in a city where we had a really wonderful riverfront, and actually it's still one of the best ones I've ever seen and that was in Cincinnati," said Rhonda Jackson.
The development is not only making Allen County a popular place to live. It's bringing jobs to the area.
"They're not only putting people back to working any old job. They're putting people back to working jobs that individuals truly want in this community and that's a great thing," said Nelson Peters, County Commissioner.
Peters said it's a large amount of money that will bring in even more.
"When you look at a dollar exchanging hands about five times on an economic development front, that one billion dollars actually looks closer to five billion dollars that's getting spent in this community," he said.
With the momentum of 2017 propelling us forward, developers say we can't expect them to slow down any time soon.
"We really believe that 2018 is going to probably be a fantastic year as well. There's no reason why 2018-2019 will not be as good if not better than 2017 was," said Jamie Lancia of Lancia Homes.
- County Commissioners announce $1 billion development investment in 2017
- County commissioners approve development along Schwartz Road
- Mayor announces $30 million investment to repair neighborhoods
- Allen County commissioners host "County Night Out"
- Posterity Heights receives generous investment
- County commissioners reject rezoning of Spencerville field
- FWCS investing in new security cameras
- Kruse Foundations sells museum to investment group
- City investing record amount into neighborhoods
- Petco invests in Animal Care and Control