Friday, July 28, 2017 5:10 pm
IEDC: 164 companies have committed to Indiana
DAVE GONG | The Journal Gazette
One hundred sixty-four companies around the world are committed to locating or growing their business in Indiana, the Indiana Economic Development Corporation announced Friday.
Those businesses plan to create up to 17,823 new jobs and invest more than $5.4 billion in operations statewide. That makes 2017 Indiana's third-largest year for committed investment since the IEDC was created in 2005, officials said.
"Indiana continues to create a business climate recognized nationally and around the world," Gov. Eric Holcomb said in a statement Friday. "With an unwavering focus on taking Indiana to the next level, we will continue to grow our economy by developing our workforce, investing in infrastructure and delivering great government service to ensure that Indiana is a hub for innovation and a magnet for jobs."
The new positions are expected to pay an average of $28.60 per hour or no more than $59,000 annually, which officials say is nearly 33 percent higher than the statewide hourly average of $21.52. About one-fifth of all Hoosiers work in manufacturing facilities across the state.
Companies that have committed to projects in Indiana so far this year include Infosys, UPS, Beijing West Industries, Toyota Manufacturing of Indiana, Forest River, Knowledge Services and Spot Freight. Officials say investment shows expansion in the manufacturing, technology, logistics and international investment industries.
Additionally, the Indiana Small Business Development Center has helped with 137 new business starts, while the Indiana Procurement Technical Assistance Center helped 746 existing small businesses secure almost $23 million in federal contracts. Both organizations work with the IEDC to support small businesses.