August 17, 2016

Media Contact:
Pete Seat, Communications Director
Eric Holcomb for Indiana
Cell: (520) 990-4067
Email: [email protected]

Indiana’s Momentum on Jobs
Continued Growth and Progress Requires Responsible Republican Leadership

INDIANAPOLIS – The Indiana success story is known nationwide. We are the state that has honestly balanced its budget, achieved a AAA credit rating, made record investments in education and infrastructure, and implemented innovative health care ideas all while cutting taxes. And there’s more work to do to take Indiana to the next level.

“Our continued growth and progress requires responsible Republican leadership,” said Lt. Governor Eric Holcomb, the Republican nominee for Governor. “For twelve years, I haven’t just had a front row seat, I’ve been at the table helping Governor Mitch Daniels and Governor Mike Pence develop and implement responsible policies that have contributed to our economic growth and prosperity. As a result we aren’t just competing – we’re winning. Indiana is no longer a fly-over state, we are a destination.”

“In the midst of national uncertainty, we need continuity and stability at home. I will work every day as Governor to make Indiana the best place in America to live, work, play and stay.”

Indiana’s Momentum on Jobs
More Hoosiers are employed in the private sector today than at any point in our 200 year history. That didn’t just happen overnight. It came as a result of responsible Republican leadership over the past twelve years.

Key Facts:

  • Job Creation: Indiana has created nearly 150,000 new private sector jobs in the past three years alone, cutting our unemployment rate from 8.4 percent to 4.8 percent (Sources: “April employment report boasts climbing number of jobs,” Indiana Daily Student, 5/22/16; Bureau of Labor Statistics, Accessed 8/15/16)
  • Wages Going Up, Cost of Living Remains Low: Despite rhetoric to the contrary, Indiana’s average wage is on an upward trajectory. In 2005, the average Hoosier wage was $17.05. In 2014, it was $20.55 and today it is $21.55. The average wage of an IEDC secured project in 2014 was $21.75 and today it’s $27.23. In addition, according to the Tax Foundation, $100 in Indiana is worth $109.41, making us a low cost of living state. (Sources: Quarterly Census Employment and Wages (QCEW); IEDC; “The Real Value of $100 in Each State,” Tax Foundation, 8/4/16)
  • Small Business Job Growth: Indiana’s job growth is not limited to large companies. Small business accounts for 97.2 percent of Indiana businesses with nearly half, or 45.7 percent, of Hoosiers employed by small business. The most recent statistics from the U.S. Small Business Administration show a net gain of 10,168 small business jobs. According to the National Federation of Independent Business’ Indiana state director, Barbara Quandt Underwood, “Compared to the rest of the nation, the small-business climate here is really very good. Indiana has been proactive in ways to improve the small-business climate.” (Sources: “Small Business Profile,” U.S. Small Business Administration, 2016; NFIB Indiana Press Release, 12/15/15)
  • International Investment: Between 2012-2014, Indiana was the recipient of $4.6 billion in international investment and home to 13,300 new jobs from international investors (Source: Capturing the Flag: Foreign Direct Investment in Indiana, September 2015-IBRC)
  • Destination State: The latest rankings from Chief Executive magazine put Indiana as the 5th best state in the country to do business and 1st in the Midwest. As a result, in 2015 323 companies relocated or expanded their operations to Indiana and over 100 companies have done the same in 2016 so far. (Sources: “2016 Best & Worst States for Business,” Chief Executive, Accessed 8/15/16; IEDC Press Release, 12/17/15; IEDC)
  • Major Companies Growing in Indiana: Salesforce, Rolls-Royce, Subaru and Amazon are just some of the brand name companies investing and growing in Indiana. Between them alone, 4,000 new jobs are coming to Indiana. We’ve also added jobs from Allied Solutions, NTN Driveshaft, Hoist Liftruck, Republic Services and Knight Transportation, just to name a few. (Sources: Salesforce Press Release, 5/6/16; Rolls-Royce Press Release, 10/5/15; Andy Ober, “SIA Adding 1,200 Jobs,” Inside Indiana Business, 9/21/15; “Amazon adding 2,000 jobs in Indiana,” WANE-TV, 7/14/15; “Allied Solutions Expansion bringing 600 jobs to Carmel,” WTHR, 7/28/16; Jeff Swiatek, “510-worker plant coming to Anderson,” Indianapolis Star, 11/17/15; Joseph S. Pete, “Hoist Liftruck will create up to 500 jobs in East Chicago,” Northwest Indiana Times, 8/12/15; Michael Anthony Adams, “Republic Services bringing hundreds of jobs to Fishers,” Indianapolis Star, 2/12/16; “Knight Transportation to create more than 400 jobs in Plainfield,” WISH-TV, 4/12/16)

And that’s just part of Indiana’s success story…