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Pence: State on right track, but too many Hoosiers out of work

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Gov. Mike Pence challenged members of the Kiwanis Club of Indianapolis to encourage out-of-state entrepreneurs to consider building their businesses in Indiana.

Pence told the club at its Friday meeting that Indiana is seeing faster job growth than 42 other states. He also said the state’s last economic forecast showed continued job growth, a decrease in unemployment and growth in the overall economic output over the next several years.

“These are the economic revenue forecasts upon which we built the fiscal integrity that our state currently enjoys,” Pence said. “They are cautious, they are careful, but they are optimistic.”

Pence said Site Selection Magazine ranked Indiana as the most competitive state for business in the Midwest and the second best state for business in the country. Similarly, Chief Executive Magazine ranked Indiana as the fifth best state in the country for business and the best in the Midwest.

But despite Indiana’s positive economic outlook, Pence said the state still has work to do to lower unemployment.

“There’s a great sense of optimism, there’s reason to be encouraged as Hoosiers, but this is a difficult time for too many in our state,” Pence said.

The governor’s speech came just two hours after Pence announced the creation of the Center for Education and Career Innovation, a new agency meant to coordinate the education and workforce development efforts of a number of other boards and departments.

Pence said earlier in the day that the new center would help the state focus on employment and training efforts to try to boost the state’s economy.

Indiana’s unemployment has remained around 8.4 percent over the last year, Pence said, and 250,000 Hoosiers are currently out of work. Pence proposed four strategies to the club that he said he believes will help the state improve its employment levels.

Pence said fiscal stability is the first step to growing the Hoosier economy.

“An honestly balanced budget and fiscal integrity is the foundation of our future prosperity,” Pence said.

He said he thinks the biennial budget the state General Assembly passed in the spring, which keeps spending increases at 2.5 percent each year and includes a surplus of more than $100 million over the next two years, is the basis of Indiana’s fiscal responsibility.

“While most states are broke and struggling with budget deficits, we enjoy a surplus – but it’s not by accident,” Pence said. “It is by the practice of the common sense principles of living within your means.”

Pence said businesses around the country want to talk to him about Indiana’s fiscal integrity because they are impressed by the state’s financial position.

Taxes and regulatory policies are also part of Pence’s plan to improve the Hoosier economy. Lawmakers voted to the individual income tax rate by 5 percent annually, and the state inheritance tax was eliminated in January.

“When (tax cuts) are fully implemented, it’ll be official: Indiana will be the lowest taxed state in the Midwest,” Pence said.

Pence signed a moratorium on new regulations in Indiana except those mandated by the federal government, a move Pence said was meant to give his administration the opportunity to reduce excessive regulatory policies.

“I really do believe that lowering taxes in a fiscally responsible way and cutting red tape is and must remain a centerpiece of our strategy for a growing economy,” Pence said.

Roughly $800 million in additional funding for roads was included in the state budget. Pence said the money will be used to improve existing roads, to finish projects like I-69 and to improve the state’s overall infrastructure.

“I believe, very simply, that roads mean jobs,” Pence said. “If you’re going to be the Crossroads of America, you better have the roads to back it up.”

Pence said he thinks by training students for technical and manufacturing jobs, more jobs will be filled throughout the state, thus lowering unemployment. Pence also said Indiana has ranked number first in the nation for manufacturing job growth for the last three months.

Many employers in manufacturing and technical businesses have jobs available, Pence said, but are struggling to find employees who have the necessary skills to fill the jobs. But, the governor said he believes by putting a greater emphasis on career, technical and vocational training in high schools, more Hoosier students will be prepared to fill available manufacturing jobs after they graduate.

“This isn’t just about doing what’s right for the economy…this is right for our kids,” Pence said.

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  • ?
    Why wont the employer treat them fairly? Sounds to me like they must work for abad employer
  • right to not work
    Sure glad to see Right to Work working so well in Indiana.
  • Standard of living lags too
    We have very low incomes coupled with low level of public services and that results in very low standard of living. Every one of our public services is understaffed. Transportation costs are through the roof because of lack of proper roads or mass transit. This state is on a rapid decline.
  • Shocking
    Besides the obvious result from massive public sector job cuts, I think we're all amazed that benevolent "Makers" haven't rushed to the state in the wake of new terrain 69, RTWFL, and Daylight Savings Time. Not to mention an almost sure thing of tax credits or abatements.
  • Bravo!
    Thank you for stating a real factor affecting economic growth and attracting entrepreneurs, who tend to be younger, smarter, and supporters of equality.
  • Thanks
    Thank you Governor Pence for standing firm against the Republicrats in your party and forcing an income tax cut. I appreciate that you value workers, unlike most politicians of both "parties." I might actually vote for you next time.
  • Don't Forget One Little Thing...
    Ah, yes, Mr. Pence, don't forget one little caveat: If you're a business with LGBT employees, and anymore, what business of any size isn't, please don't come to Indiana with the expectation that your employees will all be treated equally and fairly. Because, the reality is: they won't be.
    • oh sure....
      ...but what the Republicon Pence does NOT mention is that he and his fellow neo-cons (including former Budget Director/ Destroyer Mitch Daniels) CAUSED the Great Recession and obstructed EVERY attempt by the President of the United States to get the country back on track economically after they destroyed it with HUGE deficits caused by unpaid illegal wars/ war profiteering, financial ponzi schemes and fraud by their bankster criminal buddies and tax cuts for their rich friends...yeah Pence conveniently forgot to mention that HE helped cause it! http://reaganbushdebt.org/
    • Other ideas for job creation?
      Glad to see Governor Pence is continuing to focus on job creation. Please explain to us, Gov, how your unflagging support of transvaginal ultrasound legislation and efforts to ban gay marriage will bring more jobs to Indiana.
    • What?
      You mean cutting taxes and gutting public spending doesn't create jobs?

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    1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

    2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

    3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

    4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

    5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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