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[IEDC] Indiana Economic Development Efforts Garner National Recognition
Start Date: 3/22/2013 All Day
End Date: 3/22/2013
Entry Description

INDIANAPOLIS (March 22, 2013) – Amazon.com, Inc.’s new Jeffersonville fulfillment center and Toyota Motor Manufacturing Indiana, Inc.’s (TMMI) Princeton expansion received national recognition this month as winners of Trade & Industry Development magazine’s 8th annual Corporate Investment and Community Impact Awards (CiCi). The projects are among the top 30 economic development projects in 2012 and were selected from hundreds submitted from across the country.

“We are proud that Indiana earned the opportunity to host the investments of Amazon and TMMI. These awards not only honor their growth and achievements, but further underscore the success we’ve achieved in creating a state that works for business,” said Victor Smith, Indiana Secretary of Commerce. “With our skilled workforce, competitive tax climate and unmatched infrastructure, world-class companies continue to recognize that the Hoosier State is open for business.”

Amazon’s project was chosen as one of the top 15 in the Community Impact category for the Fortune 500 online retailer’s $150 million investment to locate its fifth Indiana facility in Jeffersonville, Ind., creating 1,050 new jobs. Currently operating facilities in Indianapolis, Whitestown and Plainfield, the Jeffersonville facility brings Amazon’s footprint in the state to more than 4 million square feet.

TMMI’s expansion was recognized as one of the top 15 in the Corporate Investment category for the automotive manufacturer’s total investment of $400 million with $131 million going directly to its Princeton plant to consolidate its Highlander mid-SUV production to this location. The project is expected to increase the annual Highlander production volume by approximately 50,000 units at the Princeton plant and create approximately 400 new jobs.

“Indiana’s achievement of being home to two companies that are recipients of the 8th Annual CiCi Awards from Trade & Industry Development magazine speaks volumes about the business climate in Indiana,” said Scott Swoger, publisher of Trade & Industry Development magazine. “Having two high-profile companies like TMMI and Amazon make such notable investments in the state is an economic development achievement that should receive the attention of site selectors.”

The CiCi Awards are a dual-awards program highlighting the largest corporate investments, as well as recognizing projects that make the most notable impact on communities. For a complete list of winners, see Trade & Industry Development’s March/April issue or visit www.tradeandindustrydev.com.

About Trade & Industry Development
Trade & Industry Development serves executives within specific vertical industries. Its mission is to help companies perpetuate success by providing clear and crucial insight into the challenge of site selection and facility planning. By working with thought leaders and experts in various fields, Trade & Industry Development provides actionable content that is both innovative and forward-looking. It is committed to being a valuable and trusted partner for C-suite executives, corporate real estate professionals and site consultants, enabling them to make the best possible decisions – for themselves, their companies and their shareholders. www.tradeandindustrydev.com.

About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

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Media Contact:
Katelyn Hancock (IEDC) - 317.234.2294 or kahancock@iedc.in.gov

Location Information:
Statewide
IN
Contact Information:
Name: Katelyn Hancock
Phone: 317-234-2294
Email: kahancock@iedc.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • About Indiana
  • Business & Employment
  • Agency Name
    Economic Development Corporation, Indiana

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