Governor Mike Pence is set for an announcement Thursday regarding economic development deals and more than 500 jobs throughout the state. The governor will also detail 2015 year-end results from the Indiana Economic Development Corp. This weekend’s edition of Inside INdiana Business Television will feature an interview with Secretary of Commerce Victor Smith discussing the state’s current and future job situation.
The state says the new jobs will be at companies in Allen, Boone, Clark, Hamilton, Marion, Shelby and Vanderburgh counties.
A year ago, Pence and the IEDC detailed what it said was a record-breaker that included 285 expansions, which accounted for investments totaling more than $4 billion and job commitments exceeding 25,000.
Big investments from manufacturers have been a big part of the state’s economic development story this year. Subaru of Indiana Automotive Inc. in Lafayette announced a massive expansion in September, the state’s largest of the year, which involves a $140 million investment and more than 1,200 jobs over two years. Another automaker, General Motors Co. (NYSE: GM) detailed plans in May to pump over $1 billion into doubling the size of its Fort Wayne Assembly plant.
Pence is slated to take to the podium at 11:45 at the Statehouse in Indianapolis.