Numbers are fascinating. Lisa Sprinkle, part of our Indiana Chamber accounting team, recently said in a BizReport article for our members that she loved numbers so much that she took extra math classes while in school. I wouldn't go that far. I'm more intrigued by the points people try to make through numbers and statistics rather than trying to solve quadratic equations or whatever it was I struggled with in school.
A few recent unrelated numbers I came across; kudos to Governing magazine for the compilation:
90%: portion of tuition covered by the state for University of South Dakota law school students who agree to work in rural South Dakota counties for five years after they graduate. Similar to other programs for doctors and nurses, South Dakota is the first to goes this route with attorneys
7%: amount by which Nevada's water supply is shrinking every year. Occasional summertime droughts are not the issue here; it's having a long-term water plan for our state (any state) to make sure business and individual water needs are met
260,000: the project nursing shortage by the year 2025. Forty percent of the working registered nurses in the country are age 50 and above. More than 54,000 qualifed applicants were turned away from nursing programs in 2010 due to a lack of teachers
When a lengthy information-gathering/discussion meeting ends with a lot of people nodding their heads and a few "ah-hah" moments, it has generally been a success.
An example is a recent Indiana Vision 2025 task force meeting dealing with energy and water issues. Sounds thrilling, right? But it was most informative and I’m confident the 15 or so business leaders present would agree. (2025, by the way, is the process of the Chamber looking beyond the short term and developing a long-range economic development plan for the state; you’ll hear more as the work continues over the course of the rest of the year).
Expert presenters on nuclear, wind, coal, energy policy and water issues presented a variety of interesting facts and future scenarios. I’ll only scratch the surface here. The task force will use the information and the importance of ensuring adequate, cost-efficent energy and water supplies in helping craft the state’s economic future.
A few numbers:
In the U.S, 104 nuclear reactors supply 20% of the nation’s electricity. Globally, 59 plants are under construction, 149 are planned in 28 countries and 344 additional ones are under consideration
Although no facilities are coming to Indiana any time soon, the state certainly has manufacturing opportunities to support the industry
"Demand sourcing" in the oil market refers to Saudi Arabia, Kuwait and the United Arab Emirates holding back oil capacity to help control fluctuations. (How successful is that strategy?)
The Energy Information Administration expects 45% of U.S. gas production by 2035 to come from shale gas — bringing a new set of questions about processes and reliability
Indiana now stands 11th in wind energy capacity. But despite 35% annual growth nationally over the last five years, wind accounts for just 2.3% of U.S. electricity
Jobs are also part of the wind picture. There are 400-plus manufacturing facilities for wind-related products, with Texas and Illinois leading the way in numbers employed in such positions
Indiana is one of only two states with more manufacturing workers than government workers. In Indiana, manufacturing accounts for 45% of all energy used
The average power plant in Indiana is 53 years old, the average worker in those plants is 52 and the average coal miner is 51
Indiana has pending water supply problems in the southern part of the state, an area that also shows a higher level of projected growth (if water and other resources are available)
Other states are utilizing regional systems to manage water supply, while local resources manage water demand and delivery