A solar company investing $1.5 billion in northwest Indiana. A $200 million auto-racing headquarters in Fishers. Samsung SDI building a $2.5 billion electric-vehicle battery plant in Kokomo.
Those are just some of the projects announced this year that helped Indiana set an all-time high for new business investments in the state, including major green-energy developments.
Indiana saw a record-setting $22 billion in capital expenditure by companies this year, eclipsing last year’s record total of $8.7 billion and marking an increase of more than 250% from 2021.
Brad Chambers, Indiana secretary of commerce, said that kind of rapid economic growth is something few expected this year.
“It’s a rocket ship right now,” he said.
The sheer amount of growth may have been unexpected, but attracting new investment from companies was very much on the minds of state officials, Chambers explained during a speech hosted Wednesday by the Greater Kokomo Economic Development Alliance.
Click here to read the full report from Carson Gerber in the NewsandTribune.com out of Jeffersonville, Indiana.