Indiana Governor Eric Holcomb announced the end of a third consecutive, record-breaking year for economic development in Indiana. The Indiana Economic Development Corporation (IEDC) has secured 296 commitments from companies to grow or locate in the state.
Combined, these businesses intend to invest more than $8.4 billion in operations in the state of Indiana. The investment will create more than 27,000 new jobs with average wages of $28.60/hour.
“I’m excited to announce yet another record-breaking year for economic development in Indiana as we work every day to ensure that Hoosiers have the best place possible to live, work and play,” Gov. Holcomb said. “As a state, we have worked tirelessly to create a nationally ranked, pro-growth business climate, and the results have solidified Indiana’s reputation as a global destination for business, creating high-quality career opportunities for Hoosiers in the process.”
These 27,137 new positions are expected to offer average wages of $28.60/hour, or nearly $59,500 annually, which is above the U.S. average wage and 21% higher than the state’s average wage of $23.01/hour (BLS, 2018). Moreover, of the 296 commitments made, 216 have committed average wages at or above the county average wage, and 56 are between 80-99% of the county average wage.
