News From Terre Haute, Indiana

February 4, 2014

Economic outlook in the eyes of the expert

Forecast breakfast attendees hear varying degrees of concern

Staff Report
The Tribune-Star

---- — Gloomy forecasts of slow home sales and continued income disparity were among concerns discussed this morning at the 2014 Ground Hog Day Economic Forecast breakfast conducted on the campus of Indiana State University.

On a brighter note, Indiana Secretary of Commerce Victor Smith, the event’s keynote speaker, highlighted Indiana’s efforts to create new jobs. Smith leads the state’s domestic and international economic development agenda through the Indiana Economic Development Corp.

“We want to be a little bit more aggressive this year in how we go about selling Indiana. We are really doing a lot more of a ‘hunter’ mentality, going out and grabbing companies and grabbing industries and bringing them back into Indiana,” Smith told about 200 business people, academians and others gathered for the economic forecast.

The IEDC already has attracted 19 new companies to the Hoosier state in January alone, adding 3,600 new job commitments and investments of $358 million, Smith said. In 2013, the state added 261 new companies with more than 21,000 new job commitments and $2.6 billion in new investments, he said.

Smith also noted that the state is looking to encourage more capital investments from existing companies.

See Wednesday’s Tribune-Star and revisit for a complete report on the economic outlook.