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State's job-creation agency claims record year

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The Indiana Economic Development Corp. announced Friday that it secured job commitments from a record 219 companies in 2011, an increase from 200 companies in 2010.

The state agency said it received commitments for 19,080 jobs and $2.7 billion in capital investments over the next five years. If those jobs come to fruition, they will pay an average of $21.22 per hour, above the state average of $19.17, IEDC said.

"This year's results are a testament to the dedication and collaboration of people throughout the state," said Dan Hasler, secretary of commerce and CEO of the IEDC, in a prepared statement. "But there's more hard work ahead in 2012 as Indiana continues to make job-creating efforts our top priority."

Non-automotive manufacturing represented the largest sector for job commitments in 2011 with 5,223 new jobs projected. Automotive-related manufacturing was second with 4,650 job commitments, followed by the logistics sector (2,000), business services (1,729), information technology (1,261) and life sciences (838).

Business consolidations helped drive some job growth, with 34 companies in 2011 announcing plans planning to move all or some of their operations to Indiana. Those moves accounted for 3,325 job commitments and $165.6 million in promised capital investment.
 

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  • I will count on it
    I projected to my wife and family that in 2011 we would become rich. However, I wss projected to win the Lottery. I was only off 320mil. The were happy with my projections, not with my outcomes. Happy New Projections, just ask the people who are counted as new employees of VERA BRADLEY, or the vacant lots on WTHR. I all looks good as long as you do not ask questions. I feel better with Mitch in charge.

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  1. The deductible is entirely paid by the POWER account. No one ever has to contribute more than $25/month into the POWER account and it is often less. The only cost not paid out of the POWER account is the ER copay ($8-25) for non-emergent use of the ER. And under HIP 2.0, if a member calls the toll-free, 24 hour nurse line, and the nurse tells them to go to the ER, the copay is waived. It's also waived if the member is admitted to the hospital. Honestly, although it is certainly not "free" - I think Indiana has created a decent plan for the currently uninsured. Also consider that if a member obtains preventive care, she can lower her monthly contribution for the next year. Non-profits may pay up to 75% of the contribution on behalf of the member, and the member's employer may pay up to 50% of the contribution.

  2. I wonder if the governor could multi-task and talk to CMS about helping Indiana get our state based exchange going so Hoosiers don't lose subsidy if the court decision holds. One option I've seen is for states to contract with healthcare.gov. Or maybe Indiana isn't really interested in healthcare insurance coverage for Hoosiers.

  3. So, how much did either of YOU contribute? HGH Thank you Mr. Ozdemir for your investments in this city and your contribution to the arts.

  4. So heres brilliant planning for you...build a $30 M sports complex with tax dollars, yet send all the hotel tax revenue to Carmel and Fishers. Westfield will unlikely never see a payback but the hotel "centers" of Carmel and Fishers will get rich. Lousy strategy Andy Cook!

  5. AlanB, this is how it works...A corporate welfare queen makes a tiny contribution to the arts and gets tons of positive media from outlets like the IBJ. In turn, they are more easily to get their 10s of millions of dollars of corporate welfare (ironically from the same people who are against welfare for humans).

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