Businesses Plan Record Number of New Hoosier Jobs Amid COVID-19 Pandemic
Friday, January 8, 2021

INDIANAPOLIS – Governor Eric J. Holcomb announced the end of a fourth consecutive, record-breaking year for economic development in Indiana, with the Indiana Economic Development Corporation securing 282 commitments from companies to locate or grow in the state. Together, these businesses plan to invest more than $5.6 billion in their Indiana operations and create up to 31,300 new Hoosier jobs with average wages of $28.13/hour – marking the highest annual record for new job commitments and the second-highest annual record for average wages since the IEDC was established in 2005.

These 31,300 new positions are expected to offer average wages of $28.13/hour, or nearly $58,510 annually, which is above the U.S. average wage and 22% higher than the state’s average wage of $23.01/hour (BLS, 2018). Moreover, of the 282 commitments made, 186 have committed average wages at or above the county average wage, and 65 are between 80-99% of the county average wage.

Some local businesses announcing the largest growth commitments, based on the number of new jobs or capital investment planned, in 2020 were:

Barletta Boat Company (250 committed jobs in Elkhart County),
Electric Last Mile Inc. (960 committed jobs; $300 million investment in St. Joseph County),
Forest River (369 total committed jobs in DeKalb and LaGrange counties),
INCOG BioPharma Services (150 committed jobs in Hamilton County),


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