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Current News

2015 On Track for Record Year

Monday, August 31, 2015

“The capital amount we’re sitting at just halfway through this year almost equals all of last year combined,” said Indiana Secretary of Commerce Victor Smith during an interview with Inside Indiana Business. According to the IEDC, in 2014 projects produced $4 billion in investment. Through mid-July of 2015, capital investment is already at $3.72 billion; that’s not too far off, and there are still many months to go before the end of this year.

There are many reasons for the ongoing success. One contributing factor is surely related to what a national study by Bloomberg BNA identified. The study, which was reported in late June, found that Indiana ranked as the best state in the Midwest for companies to locate operations in.

Bloomberg BNA surveyed corporate tax professionals that represent large companies throughout the United States and found that Indiana “emerged as a favorite” among respondents. According to a Bloomberg BNA representative speaking on the study, companies most favorable towards Indiana were largely in the manufacturing industry.

Bloomberg BNA

Indiana Economic Development Corporation