It turns out 2021 marked a fifth consecutive record-breaking year for economic development in Indiana.

Nearly 300 companies committed to locate and expand in Indiana, investing more than $8.7 billion in their operations. That’s a more than 55% increase from 2020, with an increasing average wage of nearly $28.50 per hour.

2021 also marked the highest capital investment and annual record for average wages since the Indiana Economic Development Corporation was established in 2005.