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Indianapolis Economic Development reports healthy 2009 job attraction, retention numbers

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On The Beat Industry News In Brief

Indianapolis Economic Development Inc., the organization responsible for attracting new businesses to Marion County and helping companies already located here with expansion, secured 11,135 job commitments and $157 million in private investment from 45 companies in 2009.

Thirty of the 45 projects were with existing Indianapolis businesses that considered moving elsewhere but instead agreed to stay and retain 6,982 existing jobs. Many of the 4,153 new job commitments came from 15 companies that moved headquarters or operations to Indianapolis.

IEDI’s project list included AIT Laboratories, Gilchrist & Soames, SPG Graphics, Maingate, BioStorage Technologies, Dow Agrosciences, Republic Airways and Beckman Coulter. IEDI reports the average hourly wage it brokered for new and retained jobs was $21.66, well above the state’s average of $18.32.

“Our city, even during difficult economic times, remains a very competitive place to do business,” said Mayor Greg Ballard in a statement.

The deep recession did blunt IEDI’s efforts. The organization’s numbers are down from 2006, the best year for local economic development in recent memory, when the city landed $625.9 million in capital investments from businesses that created 4,921 new jobs and retained 14,207 more.

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