Indiana’s Economy Reaches Historic Levels as IEDC Delivers Year of Unprecedented Economic Wins for Hoosiers in 2023

Indiana Governor Eric J. Holcomb and Secretary of Commerce David Rosenberg today highlighted the 2023 economic successes in each focus area of the Indiana Economic Development Corporation’s (IEDC) strategic vision, concluding the seventh consecutive record-breaking year for economic development in Indiana. In 2023, 208 companies committed to locate or expand in Indiana, investing more than $28.7 billion (+29% from 2022) in their operations and creating 21,866 new jobs with an average wage of $36.07/hour – or approximately $75,025 annually (+3.9% from 2022 and +10.2% the national average wage). This marks the highest capital investment and annual record for average wages since the IEDC was established in 2005.

These economic development metrics are one component of the IEDC’s comprehensive, economic strategy designed to ensure all Hoosiers have greater opportunity to succeed. The strategic vision includes a focus on advancing economic development and industries of the future, growing entrepreneurship and innovation, investing in community development and rural areas and leaning into external engagement to share Indiana’s story and competitive advantages with the world.  

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