Indianapolis, Indiana – Indiana’s economy is showing strong signs of progress, with wages climbing and job growth expanding across the state early in Governor Mike Braun’s tenure. Recent data presented at the Indiana Economic Development Corporation (IEDC) quarterly board meeting revealed a promising outlook for Hoosier workers and businesses alike, as Indiana continues to build on its reputation as one of the nation’s most business-friendly states.
According to the IEDC, the average wage of jobs incentivized to come to Indiana has grown significantly over the past year. The numbers show a jump from $37 to $41 per hour, marking a 10 percent increase and translating to more than $8,000 in additional annual pay per job. This improvement underscores the state’s ongoing efforts to attract high-quality employment opportunities and strengthen its workforce.
Just as notable is the decline in the cost of job creation. Since Governor Braun took office, the average cost per incentivized job has fallen from $55,000 to $16,000, demonstrating a more efficient use of economic development resources and taxpayer dollars.
“While we are increasing the focus on Main Street businesses, we are also taking steps to ensure that large companies and partners looking to expand their operations know that Indiana is the best place in the country to build and grow a business,” Governor Braun remarked in his announcement.
The governor’s comments reflect a strategic balance between supporting small businesses—the backbone of many Indiana communities—and attracting large-scale employers that bring substantial investment and high-paying jobs. The dual focus appears to be paying off, with encouraging data indicating that both sectors are benefiting from recent state initiatives.
Vanessa Green Sinders, President and CEO of the Indiana Chamber of Commerce, praised the results, noting that they align closely with the Chamber’s long-term economic vision. “This is such a positive trend for the state and shows Indiana’s economy remains on a strong trajectory. This is great news for Hoosier employers – and the workforce,” Sinders said.
The Chamber’s optimism ties directly into its Indiana Prosperity 2035 (IP35) plan, a strategic roadmap aimed at boosting economic competitiveness and enhancing quality of life for Hoosiers. One of IP35’s key objectives is ensuring that more residents achieve higher-wage employment and greater financial stability.
Economic growth is one of the six foundational pillars of the IP35 vision, which also emphasizes maintaining a favorable business and regulatory climate, modernizing incentive tools, and positioning Indiana among the top five most competitive states for business expansion and relocation.
The recent improvements in wages and job creation metrics suggest that these goals are becoming reality. Indiana’s strong manufacturing base, expanding tech sector, and growing logistics network have all contributed to steady employment gains. Meanwhile, state efforts to reduce red tape, invest in infrastructure, and strengthen workforce training continue to make Indiana an attractive destination for employers.
The positive developments come at a crucial time, as states across the Midwest compete fiercely for new investment and skilled workers. Indiana’s ability to offer both a lower cost of living and rising wage opportunities could give it a decisive edge.
As the IEDC and the Indiana Chamber continue to align efforts with the governor’s economic agenda, the outlook for Hoosier workers appears bright. The combination of higher wages, efficient job creation, and a strong business environment points to sustained momentum heading into the next phase of Indiana’s growth.
For many residents, these numbers are more than statistics—they represent real opportunities for better pay, stronger communities, and renewed confidence in Indiana’s economic future.
