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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. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

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