Terre Haute remote worker attraction efforts prove valuable
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Terre Haute is celebrating its adoption of a moving incentive program, which the city says has resulted in 12 new residents and an estimated $1 million in annual economic impact.
The city saw over 1,700 applicants through the MakeMyMove program, with 24 deciding to make the move. The 12 households who have completed their moves have resulted in a $1,029,218 annual economic impact.
“That economic impact comes from just twelve new households,” Mayor Duke Bennett said in a news release. “We have realized more than $1 million in economic growth from the first year of this effort. It’s been a huge success because the people who’ve joined our community are wonderful people who are already great friends and neighbors.”
Indianapolis-based MakeMyMove is a growing changemaker in Indiana communities. The business is a marketplace where local leaders can build offers to persuade families to pick up and move to their town or city. Many say this is part of a solution to boost the local economy, enhance the workforce with talent and build up smaller communities.
The program focuses on moving remote workers from out-of-state. Area build packages with memberships, assistance and cash to incentivize people to move.
Terre Haute’s new residents are from nine different states with an average household salary of $88,417 a year.
Using an Indiana University Public Policy Institute model, MakeMyMove estimates the first 12 households $970,076 in new annual consumer spending, $59,142 in state and local tax revenue and around six new jobs created due to increased consumer spending.