Record number of companies grow Indiana operations

The Indiana Economic Development Corp. said 220 companies have expanded or established operations in Indiana this year, setting a new record.

Last year’s total was 219, and the IEDC had set a goal of 250 for this year.

“With nearly five weeks left in the year, 2012 has already broken the state’s all-time record for number of deals won,” said Dan Hasler, secretary of commerce and CEO of the IEDC. “This is especially remarkable considering the ongoing concerns over the ‘fiscal cliff’ that have caused many companies to curtail investment plans.”

The 220 companies estimate they will invest $3.6 billion in their Indiana operations and create 20,866 jobs in the next several years, according to the IEDC. The projected new jobs have an average wage of $22.35 per hour, above the state’s current hourly wage of $19.66.

The IEDC said it offered an average tax incentive of $8,916 per job. (The tax incentives are contingent on job creation.)

Companies that moved or expanded this year include Magnetation, Amazon, The Finish Line, Appirio and Toyota.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. 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.