Indiana commerce agency attracts record business investment

Indiana’s commerce agency is reporting that its economic development efforts have produced this year the greatest pledged investment in business operations at the highest average wages in state history.

Republican Gov. Eric Holcomb says the Indiana Economic Development Corp. obtained pledges over the past 12 months from 218 companies to invest $22.2 billion in new or expanded Indiana business operations in coming years.

That’s a 260% increase in capital investment commitments — more than ever before.

In tandem, those companies have pledged to create 24,059 jobs in the Hoosier State at an average wage of $34.71 an hour, or 27% more than Indiana’s current average hourly wage.

Holcomb said the results show that the state’s focus on advancing entrepreneurship, innovation and quality of place are activating communities statewide and providing more opportunities for Hoosiers and their families…

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