INNOVATE INDIANA

Exhibit B-4
Project Impact
ADDITIONAL SUPPORT | SECTION 19
South Bend Code School will generate 280 technical jobs over the next 5 years. Each
new technical position hired fuels company growth and increases our region’s
competitiveness as a great place for technologists to work. As these companies grow,
more jobs will become available.
Our code school is in alignment with local plans and initiatives like Innovation Park,
Union Station, and the growing tech community in South Bend. As those initiatives bring
in more technically focused companies to the region, we see the ability to bridge the
technical gap. The South Bend Tech CEO Roundtable (C-Change) is also in support of a
Project impact and alignment venture along these lines.
with local or regional plans
Anticipated return on
investment (%) 1238.85%
Direct ROI = (Total Revenue - Total Expense)/Total Expense
Indirect ROI = (5 Year Community Impact Salaries - Total Expense)/Total Expense
Total ROI = (((Total Revenue + 5 Year Community Impact Salaries) - Total
Expense)/Total Expense
5 Year Revenue = $3,031,200
5 Year Community Impact Salaries = $35,675,000
Total Expense = $2,891,000
Direct ROI = 4.85%
Indirect ROI = 1134%
Total ROI = 1238.85%
Indirect and Total ROI represent the net tangible economic impact that we can achieve in
Description of anticipated the region with this project.
return on investment
Annual sales or other non-tax
revenue generated ($) $606,240.00
There are two annual revenue sources.
Description of annual sales or 1) Tuition.
other non-tax revenue
2) Revenue from internship placements.
generated
Jobs created (if applicable) 280
Description of jobs created (if
applicable)
The jobs that will be created are web development and technology focused. The
employees that will be trained and hired is projected at an 80% success rate of the class.
Also included are a few jobs created to run the program (instructors and administration).
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
STATE OF THE REGION
& QUALITY OF PLACE
VISION & STRATEGY PROJECTS
STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
6_SJC_South Bend Code School at RD
REGIONALCITIESOFNORTHERNINDIANA.ORG |
230
ADDITIONAL SUPPORT