State Reports Strong Start to 2013 Economic Development Efforts
The Indiana Economic Development Corporation announced that it has worked with 148 companies that have made decisions to expand or establish new business operations in Indiana for a total of more than 11,700 projected new jobs. The new positions, which companies anticipate hiring over the next five years, pay an expected average hourly wage of $21.73, above the state’s current hourly wage of $19.82. Under the IEDC, state incentives are activated only when Hoosiers are hired. Victor Smith, Secretary of Commerce said, “More good news is on the horizon for companies. Following this year’s legislative session, the largest state tax cut in Indiana history was enacted, further distinguishing Indiana as a state that works for business.”
Author:
Economic Development Corporation