Indiana Gov. Eric J. Holcomb recently announced the end of a record-breaking year for economic development with the Indiana Economic Development Corporation securing 293 commitments from companies across the country and around the world to locate or grow in Indiana.
Together, these businesses plan to invest more than $7.04 billion in their Indiana operations and create up to 30,158 new Hoosier jobs in the coming years – the highest annual commitment in IEDC history.
“Our efforts to diversify Indiana’s economy and share the Hoosier story with a global audience paid off with a record-setting year for job commitments in 2017,” Holcomb said. “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.”
These 30,158 new positions are expected to offer average wages of $27.20 per hour, or more than $56,500 annually, which is the highest annual average wage achieved since the IEDC was established in 2005.
This average wage is 26.5 percent higher than the state’s average wage of $21.51 per hour (BLS, 2016), and is a 7 percent increase from the IEDC’s average committed wage of $25.43 per hour in 2016.