INDIANAPOLIS (AP) — Gov. Mike Pence says Indiana will invest $1 billion over 10 years to create new companies for new jobs.

Pence outlined a plan Thursday that calls for collaboration among government, education and research institutions, communities and the private sector to head off potential threats to growth, such as shortages of workers and investment funds. He says $500 million could come from using part of a state pension fund to invest in new and growing companies.

He presented the proposal at the Innovation Showcase in Indianapolis while being considered as the running mate to presumptive Republican presidential nominee Donald Trump, a move that would force him to drop his state re-election bid.

The gubernatorial campaign of Democrat John Gregg says the Pence plan borrows from proposals it presented last month.