IEDC announces record-breaking year

VINCENNES, Ind. (WTWO/WAWV) — The Indiana Economic Development Corporation held their quarterly board meeting at Vincennes University to announce a record number of committed capital investment.

Secretary of Commerce at the IEDC says this year has already surpassed last year.

Already beating last year. The full year of last year, at 28.7. This year, 38.3 almost $10 billion of additional capital investment from the record year set last year. Absolutely incredible.

David Rosenberg – Secretary of Commerce – IEDC

These projects help create jobs and increase wages for Indiana residents.

According to the IEDC, since 2005, jobs that it has created have seen an increase of pay of almost $20 per hour.

Vincennes University President Chuck Johnson says this helps prepare future workers as well.

Well these projects really add to the economic health and vitality of the region, help for the future. They create new jobs that are high paying, high quality jobs. They allow us to also look at how do we change what we teach or what we develop programs in, so that we are preparing graduates for these new opportunities.

Chuck Johnson – President – Vincennes University

Governor Holcomb says the state of Indiana has become the best place for investment.

When you talk about the record amount of investment coming to the state of Indiana, our increasing GDP, our population growth, our single-family home building permits that are issued. We are top 10 in the country, all at a very low cost. Comparable to the rest of the competition, we just jump off the map, especially in the Midwest. If you are looking to invest in the Midwest, you are looking squarely at Indiana, and we are not squandering that opportunity.

Gov. Eric Holcomb – (R) Indiana

The governor has many Knox County roots and says it was great to be back at Vincennes University.

For the latest news, weather, sports, and streaming video, head to MyWabashValley.com.