Boone County, Indiana has a population of approximately 56,000 and is considered part of the Indianapolis, Indiana metropolitan area. The county seat is Lebanon. It is the largest city in the county followed closely by the northwest Indy suburb of Zionsville. Many in the county commute south to Indianapolis for work with a few commuting north to Lafayette and Purdue. There are no public companies with headquarters in the county. The largest employer is the 1 million square foot Amazon Fulfillment Center in Whitestown. Approximately two-thirds of the area is farm ground.
As of December 2020, the Boone County health department is still recommending a 14-day quarantine following exposure to COVID-19.
The number of reported jobs retained by the SBA’s PPP program was 9,247 by 1,101 companies using an estimated $107M in combined loans. The top industries receiving loans relate to construction, dining, religious organizations, dentists, and corn farming. Approxmently 10% of businesses are owned by a woman. 1.5% are owned by a veteran. Less than 0.6% of business owners in the county are black or Hispanic.
For business lending in the county, the State Bank of Lizton did the second most number of loans at 82 to Chase Bank. They also came in second with $10.4M in loan value to Huntington National Bank. Tony Albrecht joined the bank as executive vice president of the Commercial Lending Group in early December. His charge is to expand the bank north into the Lafayette region according to an article in The Lebanon Reporter.
Our featured business in Boone County is Perfection Products. It was started in 1971 by John Vickery as a machine shop. Currently, the 24 employees serve the semiconductor industry from its 35,000 square foot manufacturing facility. They craft a variety of aluminum magazines and carriers for printed circuit boards.