Indiana has set a new record for capital investment, reaching $38.3 billion through the third quarter of 2024. Governor Eric Holcomb and Secretary of Commerce David Rosenberg made the announcement at the Indiana Economic Development Corporation’s board meeting held today at Vincennes University.

Rosenberg reported the record investment comes from 124 companies expanding or relocating to the state, bringing 13,036 new jobs with an average wage of $37.31 per hour.

Governor Holcomb highlighted Indiana’s appeal to businesses across industries like advanced manufacturing, agriculture, and emerging sectors such as life sciences and semiconductors. Secretary Rosenberg credited the state’s proactive strategy for attracting these investments, which aim to build a high-tech economy for the future.

Governor Holcomb credited the record numbers to Indiana’s alignment of its workforce, government, and private sector. “We’ve brought together academia, government, and the corporate sector to meet global needs, from energy to defense. Indiana has become central to these conversations because we’re snapping all the pieces together,” said Holcomb. “These investments allow us to reinvest in our people and places, improving quality of life and driving further growth.”

Before Thursday’s meeting began at Vincennes University, Governor Eric Holcomb spoke about his ties to Knox County and Vincennes. “It’s extra special to be on campus, because everything started in Vincennes for the state of Indiana, and it certainly started for me here, as my parents met on this campus. Knox County is where I really got my start in engaging in state government.”

It was the last IEDC quarterly meeting for Holcomb as he leaves office at the end of the year.   He said it was fitting to have the meeting in Indiana’s First City as he has come full circle.

Thursday’s gathering was attended by several city and county officials as well as VU administrators and others who packed the Innovation Room at the Shake Learning Resource Center.