The Indiana Chamber is pleased to see encouraging news on Hoosier wages and jobs early in Governor Mike Braun’s tenure.
At the recent quarterly board meeting of the Indiana Economic Development Corporation (IEDC), the Governor highlighted that year over year, the average wage of jobs incentivized by the IEDC to come to Indiana has increased from $37 to $41, which constitutes a 10% increase and growth of over $8,000 annually per job.
Furthermore, costs are coming down. Since Governor Braun took office, the average cost per incentivized job decreased from $55,000 per job to $16,000 per job.
“While we are increasing the focus on Main Street businesses, we are also taking steps to ensure that large companies and partners looking to expand their operations know that Indiana is the best place in the country to build and grow a business,” Governor Braun remarked in the announcement.
Adds Indiana Chamber President and CEO Vanessa Green Sinders, “This is such a positive trend for the state and shows Indiana’s economy remains on a strong trajectory. This is great news for Hoosier employers – and the workforce.”
The welcome development speaks to a fundamental desired outcome of the Chamber’s Indiana Prosperity 2035 (IP35) vision plan for the state – which is for people to be more prosperous and attain higher-wage employment.
Economic growth is one of the six key pillars of IP35. Among the notable goals in the area are preserving and continuing to improve Indiana’s competitive business and regulatory environment for business expansion and location, as well as updating the state’s incentive and attraction tools to better enable the state to rank in the top five most competitive in the nation.
