Language Translation
  Close Menu

Economic Development

Economic Development

Animated image depicting the themes of incentives, expansion-relocation, access to skilled workforce, edge grant/SEF grants, and talent pipeline.

Is your business expanding?

Do you need/want access to a skilled workforce?

Ready to move to a business-friendly state?

Did You Know?

Developed in the 1960s, economist W.W. Rostow stated that there are 5 stages to economic development:

  • traditional society
  • preconditions to takeoff
  • takeoff
  • drive to maturity
  • and age of high mass consumption

Indiana’s top three employment sectors include Healthcare and social assistance, Retail trade and Professional, scientific, and technical services while the unemployment rate across the state in March 2020 was 5.3%.

Room to expand

In general, economic development is usually the focus of federal, state, and local governments to improve our standard of living through the creation of jobs, the support of innovation and new ideas, the creation of higher wealth, and the creation of an overall better quality of life

Check out Indiana resources here
See how Fort Wayne does it!

Use the image below to see more expansion stories...

IEDC News page.

Indiana is here for YOU! Economic development often is categorized into the following three major areas:

* Governments working on big economic objectives such as creating jobs or growing an economy. These initiatives can be accomplished through written laws, industries' regulations, and tax incentives or collections.

* Programs that provide infrastructure and services such as bigger highways, community parks, new school programs and facilities, public libraries or swimming pools, new hospitals, and crime prevention initiatives.

* Job creation and business retention through workforce development programs to help people get the needed skills and education they need. This also includes small business development programs that are geared to help entrepreneurs get financing or network with other small businesses.

Return to the Top

Access to a skilled workforce

Visit the Work-Based Learning page.

The Office of Work-Based Learning and Apprenticeship, part of Gov. Holcomb’s NextLevel Agenda, serves to develop and implement a framework of work-based learning pathways for both youth and adult populations.

Return to the Top

Indiana is a business-friendly state

Visit the NLJ ETg page.

More than one million jobs must be filled in Indiana over the next 10 years. Use the logo above to see how we'll help you!

Looking for a place to start or grow your business and really make an impact? The time is now, and Indiana is the state. We offer the environment, skillset and people to help you gain a competitive edge and make a difference.  Use the logo below for the facts!

Visit the IEDC marketing materials page.

Forbes: Indiana has the #5 regulatory environment in the U.S.

Chief Executive: Indiana is the #5 best state for business in the U.S.

Tax Foundation: Indiana ranks #2 in the U.S. for property tax rates

Headshot of Gov. Holcomb

Return to the Top

Success Stories

 Quote from Lilly Chairman and CEO, David A Ricks: With omore capital available as a result reform, Lilly and other Indiana companies are able to reinvest and expand production here at home.

Quote from Corteva EVP Business Platforms, Rajan Gajaria: The diviersity of perspective and experience in Indiana is incredibly valuable to our success, giving us an advantage in fostering and growing business relationships worldwide.

Want more?

See others nationwide!

Return to the Top

Equal Opportunity is the Law. (La Igualdad De Oportunidad Es La Ley.)
Equal Opportunity Employer/Program Auxiliary aids and services are available upon request to individuals with disabilities.