Economic Week in Review: More Strong Economic News for Indiana

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Best Places for College Graduates to Move?

Hint: Indianapolis makes the list

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Economic Impact of Racing Industry

IEDC President Jim Schellinger takes a look at the economic impact of the racing industry on Indiana in this op-ed that ran in papers all across the state, including Inside Indiana Business, Kokomo Tribune, the News and Tribune, and The Elkhart Truth.

Excerpts:

It is easy to see the prominence of the Indianapolis 500 on race day: 13 teams, 33 drivers, 300,000 attendees, 6.2 million viewers and an estimated $330 million annual contribution to the local economy. This 100-year tradition helped boost Indiana onto the world’s stage, but racing’s impact on the Hoosier state extends far beyond the Indy 500 itself.

 

Indiana businesses at the core of racing, such as teams and track operators, employ more than 23,000 Hoosiers directly and offer average annual salaries of $63,000 – nearly 40 percent higher than the state’s average wage. In fact, more than 1,200 of these businesses are located outside the Indianapolis area with each of Indiana’s 92 counties supporting at least one business that operates and provides Hoosier jobs because of the motorsports industry.

 

The racing industry is an important one in Indiana, and we are proud to support its operations and growth with a business climate that ranks first in the Midwest and fifth nationally. We’ve cut costs, taxes and regulations so that racing firms can enjoy fiscal predictability in the face of a competitive industry.

Toyota Celebrates 20 Years in Indiana

Lieutenant Governor Eric Holcomb in Princeton to help Toyota celebrate 20 years in Indiana.

Forget Horsepower, Toyota Indiana Plant Powered by People

BusinessWire

PRINCETON, Ind.–(BUSINESS WIRE)–Over the past 20 years, Toyota Indiana has built 4.3 million vehicles. But it isn’t the planning, engineering, problem solving or high-pace of the assembly line that stands out to Norm Bafunno, the plant’s president. It’s the people.

Toyota Marking 20 Years Since Work Started on Indiana Plant

WFYI

PRINCETON, Ind. (AP) — Toyota is set to mark the 20th anniversary of when it started building what is now a 5,000-worker assembly plant in southwestern Indiana.

Toyota Celebrating Indiana Anniversary

Inside Indiana Business – Alex Brown

PRINCETON -The president of Toyota Motor Manufacturing Indiana says consumer confidence and the local work force are two reasons for the success of the company’s plant in Princeton, which is celebrating its 20th anniversary. Norm Bafunno will be joined by Lieutenant Governor Eric Holcomb today to mark the milestone for the plant, where construction began in May 1996.

Toyota Plant Marks 20th Anniversary

WBIW

(PRINCETON) – Toyota is set to mark the 20th anniversary of when it started building what is now a 5,000-worker assembly plant in southwestern Indiana.

Construction began in May 1996 on the factory near Princeton. Toyota spent about $1.2 billion on the complex by the time it started production of full-size Tundra pickup trucks in late 1998.

More than 70 Jobs Coming to Batesville

 

Crum Trucking Details Expansion

Inside Indiana Business – Dan McGowan

BATESVILLE -A Batesville-based trucking company is planning to add more than 70 jobs over the next three years. Crum Trucking says it will pump over $4 million into doubling the size of its Batesville Industrial Park facility.

Trucking Firm Adding 70+ Jobs In Batesville

(Batesville, Ind.) – Crum Trucking, a transportation and logistics company, announced plans today to expand its operations here, creating up to 72 new high-wage jobs by 2019.

Trucking Company Plan to add over 70 jobs

Crum Trucking, a transportation and logistics company, has unveiled  plans to expand its operations here, creating up to 72 new high-wage jobs by 2019.