At the close of the first two quarters of 2010, the Indiana Economic Development Corporation has provided a mid-year update on the state’s economic development efforts which shows that the public-private agency has secured 93 new decisions by companies to locate a projected 13,757 new jobs in the state, topping all previous years’ totals for the same time period.
The new positions, which companies expect to hire over the next five years, pay an average hourly wage of $21.81, above the state’s current hourly wage of $18.40. At the halfway point in the year, companies project to invest $2.07 billion in their Indiana operations which exceeds the $1.92 billion committed over the entire year last year. Meanwhile, the average amount of state performance-based tax incentives offered to companies on a per job basis is $8,545, below the 2009 year-end amount of $8,701.
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