Newspaper article Evansville Courier & Press (2007-Current)

Pence: Tight Budget, Tax Cuts Attracting Jobs

Newspaper article Evansville Courier & Press (2007-Current)

Pence: Tight Budget, Tax Cuts Attracting Jobs

Article excerpt

INDIANAPOLIS - Gov. Mike Pence challenged members of the Kiwanis Club of Indianapolis on Friday to encourage out-of-state entrepreneurs to consider building their businesses in Indiana. Pence told the club Indiana is seeing faster job growth than 42 other states. He also said the state's last economic forecast showed continued job growth, a decrease in unemployment and growth in the overall economic output over the next several years.

"These are the economic revenue forecasts upon which we built the fiscal integrity that our state currently enjoys," Pence said. "They are cautious, they are careful, but they are optimistic."

Pence said Site Selection Magazine ranked Indiana as the most competitive state for business in the Midwest and the second best state for business in the country. Similarly, Chief Executive Magazine ranked Indiana as the fifth best state in the country for business and the best in the Midwest.

But despite Indiana's positive economic outlook, Pence said the state still must cut unemployment.

"There's a great sense of optimism, there's reason to be encouraged as Hoosiers, but this is a difficult time for too many in our state," Pence said.

The governor's speech came just two hours after Pence announced the creation of the Center for Education and Career Innovation, which is to coordinate the education and workforce development efforts of a number of other boards and departments.

Pence said earlier in the day that the new center would help the state focus on employment and training efforts to try to boost the state's economy.

Indiana's unemployment rate has remained around 8.4 percent during the last year, Pence said. That translates to 250,000 Hoosiers without jobs.

FOURFOLD PATH

Pence proposed four strategies to the club that he said he believes will help the state improve its employment levels.

Fiscal stability is the first step to growing the Hoosier economy.

And the basis of that fiscal responsibility is to be found in the budget Legislature passed in the spring.

The spending plan caps spending increases at 2.5 percent each year and includes a surplus of more than $100 million over the next two years. …

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