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Home » Economic » Economic Development

Accelerating Growth

Source: www.in.gov
Topic: Economic Development

Sort Desciption: This document is a strategic economic development plan which provides a .... Indianas Strategic Economic Development Plan is structured according to these ...

Content Inside: Accelerating Growth Indianas Strategic Economic Development Plan 2006 STATE OF INDIANA Mitchell E. Daniels Jr. Governor A Call to Action Indiana has a rich history of innovation and entrepreneurship. From Colonel Eli Lilly who created one of the worlds great pharmaceutical companies to Elwood Haynes whose backyard tinkering produced the horseless carriage the thermostat and stainless steel to Madame C.J. Walker who became Americas first African-American female millionaire Indiana has been home to countless entrepreneurial leaders. By the 1950s their efforts and legacy and the rapid growth of the states manufacturing industries had made Indiana a wealthy state with average per capita income exceeding that of the nation as a whole. Unfortunately since that high-water mark Indianas economy has experienced a protracted and steady decline relative to the rest of the nation. Hoosiers today earn approximately 90 cents for every dollar the average American earns. Meanwhile we are no longer competing just with other states for business investment opportunities but with other countries. The global economy now pits Hoosier businesses against an array of international contenders. Today more than ever it is critical that Indiana have a coordinated and aggressive economic development effort. From the very first day that I set out on the road in RV-1 to begin my job interview for Governor my overriding priority has been to reverse this decline to restore hope to Hoosiers to create an agenda of positive change that would drive economic revival across the small towns and large cities of our great state. Weve balanced the state budget. Weve made state government an ally of growth and not an obstacle to it. Weve replaced a failed government bureaucracy with a new public-private job- seeking agency that has secured commitments for over 20000 new jobs for Hoosiers including: 1000 new jobs from Toyota in Lafayette 750 new jobs from Sallie Mae in Muncie 500 new jobs from ...

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