INDIANAPOLIS — More than 280 commitments from companies helped make 2020 another record-breaking year for economic development in Indiana.
These plans from companies to locate or grow in the state mean they plan to invest more than $5.6 billion in their operations in the state and create up to 31,300 new jobs with average wages of $28.13 an hour, according to a press release from the Indiana Economic Development Corporation.
Those average wages are above the country's average and 22% higher than the state's average of $23.01 an hour.
“Despite being an incredibly challenging year for Hoosier businesses in many different ways, I’m extremely encouraged and inspired by the perseverance of our business community," Gov. Eric Holcomb said in the press release. "Achieving another record-breaking year for economic development in 2020 shows us that Indiana is on the right track and that better times are ahead for Hoosiers, with more than 31,000 new career opportunities over the next few years.”
You can learn more about the companies and their commitments from IEDC below.
Largest growth commitments
- Amazon.com Services LLC (800 committed jobs in Hancock County),
- Barletta Boat Company (250 committed jobs in Elkhart County),
- Corsicana Mattress Company (350 committed jobs in LaPorte County),
- Elanco Animal Health Inc. (537 committed jobs in Marion County; 1,600+ jobs retained statewide),
- 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),
- Inteva Products (400+ committed jobs in Wells County),
- Milwaukee Tool (450 committed jobs in Johnson County),
- Mission Foods (544 committed jobs in Hendricks County),
- NewCold(202 committed jobs in Boone County),
- Subaru of Indiana Automotive Inc (350 committed jobs in Tippecanoe County), and
- Walmart (1,000 committed jobs; $600 million investment in Hancock County).
New to Indiana
Working with local communities, IEDC was able to get 78 commitments from businesses to start new operations in the state.
- Pond Alliance Inc (Illinois-based, LaPorte County)
- Kenco Logistic Services LLC (Tennessee-based, Clark County)
- RDI Corporation (Ohio-based, Fayette County)
- Ekos Window + Wall LLC (Illinois-based, Porter County)
- General RV Center (Michigan-based, Elkhart County)
- Sortera Alloys (Texas-based, Allen County)
- Contour Airlines (Tennessee-based, Marion County)
- Phenix Specialty Films LLC (Florida-based, Warrick County)
- Corsicana Mattress Company (Texas-based, LaPorte County)
- Milwaukee Tool (Wisconsin-based, Johnson County)
Foreign investments
36 foreign-owned businesses made commitments to locate or grow in the state.
- Advanced Accelerator Applications S.A. (Switzerland, Marion County)
- Ardagh Metal Beverage (Luxembourg, Porter County)
- ContiTech USA (Germany, DeKalb County)
- INOX Market Service (Italy, Delaware County)
- Kainos Worksmart, Inc. (United Kingdom, Marion County)
- POINT Biopharma (Canada, Marion County)
- Taranis (Israel, Hamilton County)
- NewCold (Netherlands, Boone County)
Aerospace and defense
27 commitments plan to invest a total of more than $612.7 million and create 4,046 jobs
- Premium Rock (Elkhart County)
- Artisan Electronics (Daviess County)
- Incipio Devices (Huntington County)
Life sciences
36 commitments to invest a total of more than $890 million and create 5,447 jobs
- 3OE Scientific (Hamilton County)
- Genezen Laboratories (Hamilton County)
- Incipio Devices (Huntington County)
- MWI Animal Health (Boone County)
- Nextremity Solutions (Kosciusko County)
- Project Process (Hamilton County)
Manufacturing
145 commitments to invest a total of $3.75 billion and create 17,792 jobs
Aluminum Insights (Elkhart County)
Barletta Boat Company (Elkhart County)
Do It Best Corp. (Allen County)
Forest River (DeKalb and LaGrange counties)
General RV Center (Elkhart County)
Indiana Face Mask (Jasper County)
Parker-Hannifin Corporation (Clark County)
Premium Rock (Elkhart County)
Thor Industries (Elkhart County)
TrueCore (DeKalb County)
West Fork Whiskey Co(Hamilton County)
Technology
47 commitments to create 3,779 jobs
- Advanced Agrilytics Holdings (Marion County)
- Artisan Electronics (Daviess County)
- Civic Champs (Monroe County)
- Edify Labs (Hamilton County)
- Encamp (Marion County)
- FullStack (Marion County)
- GadellNet Consulting Services (Hamilton County)
- Healthcare Inc. (Marion County)
- Highbridge (Hamilton County)
- Lumatic Imagery (Marion County)
