INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC

DURING THE YEAR, THE ORGANIZATION ADVANCED INDIANA'S ECONOMIC GROWTH THROUGH TARGETED BUSINESS ATTRACTION AND EXPANSION INITIATIVES. THESE EFFORTS RESULTED IN MULTIPLE ANNOUNCED INVESTMENTS ACROSS KEY SECTORS INCLUDING ADVANCED MANUFACTURING, LIFE SCIENCES, LOGISTICS, AEROSPACE, AND DEFENSE. MAJOR PROJECTS INCLUDED MANUFACTURING EXPANSIONS, NEW SERVICE AND DISTRIBUTION CENTERS, HEADQUARTERS RELOCATIONS, AND SIGNIFICANT GROWTH IN RESEARCH AND PRODUCTION FACILITIES. COLLECTIVELY, THESE ANNOUNCEMENTS REPRESENTED THOUSANDS OF NEW JOBS AND HUNDREDS OF MILLIONS OF DOLLARS IN PRIVATE SECTOR INVESTMENT STATEWIDE, STRENGTHENING INDIANA'S COMPETITIVE POSITION.THE ORGANIZATION WORKED WITH COMPANIES SUCH AS ALERA MARINE GROUP, BOMBARDIER, HARPERCOLLINS, HYSTER YALE MATERIALS HANDLING, INCOG BIOPHARMA, WARE, KRATOS DEFENSE & SECURITY SOLUTIONS, ROCHE, AND WEST PHARMACEUTICAL SERVICES TO SUPPORT NEW FACILITY LAUNCHES OR MAJOR EXPANSIONS ACROSS INDIANA. THESE PROJECTS INCLUDED LARGE-SCALE MANUFACTURING OPERATIONS, ADVANCED TECHNOLOGY DEVELOPMENT CENTERS, AND EXPANDED DIAGNOSTICS AND LIFE SCIENCE PRODUCTION FACILITIES.OVERALL PROJECT ACTIVITY CONTRIBUTED TO AN EXPECTED 10,934 NEW JOBS AND $902 MILLION IN NEW PAYROLL, WITH AVERAGE HOURLY WAGES OF $39.70, EXCEEDING BOTH STATE AND NATIONAL AVERAGES. INCENTIVES OFFERED PER JOB DECREASED BY 68% FROM THE PRIOR YEAR, GENERATING IMPROVED TAXPAYER VALUE AND RESULTING IN AN ESTIMATED $348 MILLION IN SAVINGS. THESE EFFORTS PROMOTED HIGHER WAGES, INDUSTRY DIVERSIFICATION, AND LONG TERM ECONOMIC STABILITY THROUGHOUT THE STATE.IN ADDITION, THE ORGANIZATION ADVANCED ITS GLOBAL ENGAGEMENT STRATEGY BY SUPPORTING THE PLANNING AND HOSTING OF THE GLOBAL ENTREPRENEURSHIP CONGRESS (GEC), THE PREMIER ANNUAL EVENT OF THE GLOBAL ENTREPRENEURSHIP NETWORK. THE CONGRESS BRINGS TOGETHER ECOSYSTEM BUILDERS, FOUNDERS, INVESTORS, AND GOVERNMENT PARTNERS FROM AROUND THE WORLD FOR FOUR DAYS OF COLLABORATION AND PRACTICAL INSIGHTS. THE EVENT IS DESIGNED TO UNITE THOUSANDS OF PARTICIPANTS IN A SHARED EFFORT TO STRENGTHEN AND BUILD AN INCLUSIVE GLOBAL ENTREPRENEURIAL ECOSYSTEM. BY HELPING BRING THIS GATHERING TO INDIANA, THE ORGANIZATION SHOWCASED THE STATE'S INNOVATION COMMUNITY AND EXPANDED INTERNATIONAL CONNECTIONS THAT SUPPORT LONG TERM ECONOMIC DEVELOPMENT.