Indianapolis Economic Development reports healthy 2009 job attraction, retention numbers

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.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets in {{ count_down }} days.