Business and Economics

Pence Announces More Jobs, Higher Pay Commitments

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December 18, 2013 — By IPBS’ Brandon Smith

Governor Mike Pence announced today the Indiana Economic Development Corporation has secured job commitments with a record 261 companies this year.

The job commitments made in 2013, worth more than $2-billion dollars to Indiana’s economy, are expected to create more than 21,000 jobs in the state during the next several years.  The expected jobs will pay a higher wage, nearly $22 an hour, than the state average, which is $20 an hour.

The state is spending money to earn the job commitments via incentives such as tax credits, abatements and grants, and Pence says that money is being well spent, “The overwhelming majority of incentives the state of Indiana provides to businesses to invest and to grow in Indiana are based on when the jobs actually arrive.”

House Minority Leader Scott Pelath says the state still isn’t doing enough to help working class Hoosiers, “The overwhelming majority of incentives the state of Indiana provides to businesses to invest and to grow in Indiana are based on when the jobs actually arrive.”

He points out that Indiana’s per capita and median household incomes are below the national average, while the state’s unemployment rate is higher than the national average.

 

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