Governor Mike Pence says he's pleased with Indiana's economic momentum heading into the second half of the year. He cites Indiana's unemployment rate, which is at its lowest level in about six years, and the diversity of recent economic development deals. He says GE Aviation's plans to invest $100 million into a new jet engine facility that could bring 200 jobs to Tippecanoe County by 2020 shows Indiana can be a “hub for high-tech investments.” Pence discussed the state's economy on this weekend's edition of Inside INdiana Business Television. During the March announcement, GE Aviation Chief Executive Officer David Joyce said production of the company's LEAP engine will experience a “dramatic” ramp-up beginning next year that will last through the decade.
Indiana's unemployment rate was 5.7 percent in May, which is unchanged from the previous month. Before the most recent report, the state's rate declined for nine consecutive months. Indiana added 4,800 private sector jobs in May.
Pence says addressing work force needs is one of the “few remaining barriers to really unbridled economic growth” in Indiana. He says the Indiana Career Council's long-term strategic plan for work force education will be a key part of that effort.
Source: Inside INdiana Business