There is a bright future for Indiana’s economy, according to economists, as cited in IndyStar. Economists at Indiana University project that the GDP in Indiana will grow at a rate of 2.8 percent. In fact, this is higher than the projected GDP growth for the country in general, which is 2.6 percent.
In addition, Indiana has a lower unemployment rate than the national average. The national unemployment rate is 4.3 percent, while unemployment in Indiana stands at 3.8 percent.
One reason why jobs may be growing in the Indiana area is because people may be needing more workers to help out after recent hurricanes in the area surrounding Indiana. In addition, job growth in growing in the United States in general.
There are also more and more companies moving to Indiana. For example, a company based in India will be arriving in Indiana to set up shop. It will create another five hundred jobs, according to IndyStar. The local government is planning on giving it tax credits and other incentives for it to come and create jobs. In addition, they may receive up to half a million dollars in training grants. Many engineers in Indiana will be able to find employment through this company. As economic opportunities grow in Indiana, and as it becomes a better environment for businesses that is conducive for their success, more and more jobs will be created. This will be the second time this year a company from India will set up shop in Indiana.