Hendricks County Flyer, Avon, IN

Business

December 24, 2013

Seven companies unveil Indiana investment plans

Gov. Mike Pence and executives from seven companies have announced new investments in central Indiana expected to create a combined 1,013 new jobs over the next few years.

“The companies joining us here today have a key role to play in Indiana’s resurgent economy,” Pence said in a press release. “Though their lines of work vary greatly, they are connected by their resiliency and demonstrate the growth potential of Hoosiers and the companies they help drive. I’m thrilled to be joining these Hoosier business leaders as they bring life to our vision of more jobs and increased opportunities across Indiana.”

The news comes amidst the state’s record breaking year of economic development results. In 2013, the Indiana Economic Development Corporation (IEDC) secured job commitments from 261 companies from across the country and around the world, an increase from 256 companies in 2012 and more than any other year on record. The 261 companies anticipate investing $2.63 billion in their Indiana operations and creating 21,420 new jobs in the coming years. The new positions, which companies anticipate to hire over the next five years, pay an expected hourly wage of $21.72, above the state’s current hourly wage of $20.01.

“2013 will go in the record books as another groundbreaking year for Indiana,” Pence said. “After jumpstarting the year with the passage of the largest tax cut in state history, we seized our moment to share Indiana as a state that works throughout our borders and to centers of industry around the world. And with Indiana’s private sector growth far outpacing the national average, our message is resonating as more companies than ever are choosing Indiana for growth. In the coming year, we will remain steadfast in our commitment to maintaining a low-tax, fiscally sound climate and continue to position Indiana as a state that works for business.”

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