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2013 economic development: More but smaller deals

INDIANAPOLIS – Indiana economic development officials ended the year with a record number of deals but lagging in job commitments and capital investment.

The Indiana Economic Development Corporation closed 261 deals in 2013 – up from 256 in 2012.

But Gov. Mike Pence conceded the deals were smaller, noting the economy continues to struggle but IEDC’s hard work provides “a solid foundation for growth in the future.”

The closed deals promise 21,420 jobs in the coming years and planned capital investments of $2.6 billion.

In 2012, the deals projected 27,620 jobs and $6.4 billion investment.

Pence reiterated that most of Indiana’s incentives for businesses are given when the jobs are created – not before.

“Today is really about making sure Hoosiers know our economy is strong and growing stronger,” he said. “It’s a source of encouragement.”