IEDC: Number of Expanding Businesses Highest In Eight Years

An IEDC report estimates more than 13,000 jobs will be created, but IEDC officials say economic concerns could lower the number of jobs actually created.

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Photo: Natalie Curtiss (Flickr)

Halfway through the year, 145 companies have decided to expand or establish new business operations in Indiana.

The Indiana Economic Development Corporation reports the number of companies pledged to open or expand new business in the state in 2012 is at its highest level in eight years.

Halfway through the year, 145 companies have decided to expand or establish new business operations in Indiana. According to estimates, that will add more than 13,000 new jobs.

The IEDC has been criticized for promising jobs that companies don’t deliver while under the Daniels administration.

State Secretary of Commerce Dan Hasler says his agency’s mid-year report is not a guarantee.

“There’s a good chance that some of these will not happen. There’s also a good chance that some of these companies will exceed their expectations,” he says.

Hasler says the IEDC tracks job announcements to find out how many companies come through as promised. Through 2011, 81 percent followed through on their commitments. Hasler says concerns this year about ups and downs in the economy could lower the number of jobs actually created.

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