After a year in which the state closed on a record $22.2 billion in economic development commitments, Indiana Governor Eric Holcomb says the pipeline is far from dry. “More to come…success attracts success,” said Holcomb, who believes Indiana is globally competitive in some of hottest sectors of the economy. “We’ve somewhat become this magnet because we can back up what they need. There are certain states that will just standout in terms of being able to deliver. Microelectronics, hypersonics, defense-oriented contracts, we’ve really upped our game and it’s really paying off.”
Holcomb talked about the economic development numbers on this weekend’s edition of Inside Indiana Business with Gerry Dick.
The Indiana Economic Development Corp. says 2022 is the sixth consecutive record-breaking year for economic development investment in Indiana, with this year’s total of $22.2 billion more than 260% higher than last year.
The IEDC says 218 companies committed to adding more than 24,000 jobs over the next several years with an average wage of $34.71 per hour.
Both the capital investment and average wage are the highest since the agency was established in 2005.