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IEDC: Another Big Year in the Books for Indiana

Wednesday, December 20, 2017

IEDC LogoAs 2017 closes, a number of announcements have come from the state outlining and quantifying just how big the year was for Indiana.

The Indiana Economic Development Corporation (IEDC) reports that 2017 has been a record-breaking year for the state, with 30,158 new job commitments this year from companies moving in, starting up or expanding operations. That’s the best number of new job commitments since the IEDC was founded in 2005. More than 270 businesses are included in these commitments, and the average hourly wage for these new jobs is $27.38. That’s over 27 percent higher than the state average of $21.52 per hour.

According to Indiana Governor Holcomb, diversification has been key to Indiana’s success. "From home-grown small businesses to international Fortune 500 companies, organizations of all sizes are choosing to invest in Indiana because of our best-in-the Midwest job climate and a Hoosier workforce that's second to none. Of course, records were made to be broken, and we will continue our work to take Indiana to the next level in 2018, ensuring the Hoosier state is the very best place to start a business, grow a business, and get a job."

Manufacturing has always been central to Indiana’s economy so while it is no surprise that manufacturing represents the largest contributing industry to Indiana’s growth, it’s still worth noting since nearly 11,000 of the those new jobs are due to manufacturing. At the same time, Indiana’s growth in the technology realm continues, with tech jobs accounting for over 7,600 new job commitments. Logistics, another hallmark of the Indiana economy, will see more than 2,800 new jobs in the coming years thanks to commitments in 2017. The IEDC pointed out the significance of international investment this year with 34 foreign companies investing in operations here. The state also saw 222 new businesses start up in 2017.

Indiana Economic Development Corporation