Advance Research in Sciences
[ ISSN : 2837-5777 ]
The Social Economic Contributions of NIPSCO (Northern Indiana Public Service Company) to Northwestern Indiana: A Brief Economic Report Analysis
Department of Economics, School of Business and Economics, Indiana University, USA
Corresponding Authors
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Abstract
This brief economic report analysis highlights that NIPSCO is an important economic driver in Northwestern Indiana due to their high investments, including purchases of goods and services, and employing a highly skilled labor force. NIPSCO’s significant capital investments develops a modern and reliable energy generation and distribution infrastructure, and hence in turn supports the region’s economic development. In addition, both GDP and employment multipliers for NIPSCO demonstrate that due to the energy industry in Northwestern Indiana, NIPSCO creates more additional GDP and jobs in other industries in the region. In short, this brief economic report analysis shows that NIPSCO makes significant social economic contributions to the region’s economy in Northwestern Indiana.