Indiana's ED Performance in 2005

According to a new year-end report by the Indiana Economic Development Corp. (IEDC), Indiana has commitments for more than 18,500 new jobs and retention of 47,000 more as the result of 142 competitive economic development projects and 162 job training and expansion projects completed in 2005 by the Indiana Economic Development Corporation (IEDC), the public/private partnership charged with leading Indiana's economic development efforts. In addition, the IEDC incentives committed in 2005 will leverage approximately $3.8 billion in private capital investment in the state.

The 142 completed projects surpass the total of all competitive projects closed by the former Indiana Department of Commerce (IDOC) in 2003 and 2004 combined. Competitive economic development projects are a good measurement of the state's competitiveness for new business investment opportunities because they are projects in which Indiana is competing against another state. The IEDC's job training and expansion program is aimed at assisting existing Indiana companies.

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