The Indiana Economic Development Corporation is a major catalyst for attracting businesses to the Hoosier State
The Indiana Economic Development Corporation (IEDC) has offered up to $1.58 million in performance based tax credits for the creation of the new MonoSol facility in Portage. The IEDC has been a major proponent for taxing policies that encourage businesses to invest and expand within Indiana. The effects of those policies have enabled a resurgence in Indiana's manufacturing economy.
The impact that the IEDC's influence has had is evident through the continued influx of new manufacturing facilities in the state. Several of those facilities bring high skilled, good paying manufacturing jobs to the state. MonoSol is one enterprise that is contributing those kinds of jobs to Indiana.
MonoSol spokesperson Gail Kemper remarked upon a separate PVA films facilities' expansion in La Port, IN in addition to a recent decision to open a new facility in Portage. The simultaneous expansion of these two projects speaks to the rapid growth of Indiana's manufacturing sector. The IEDC's role in policy making that attracts businesses has stimulated job growth.
The effects that these policies have had on the community is evident via the job training initiatives that have been introduced in order to stimulate manufacturing growth further in the future. Portage's Mayor James E. Snyder conveyed that MonoSol is a partner in the city's youth employment training programs. By stimulating job preparedness for manufacturing employment, the enterprise has contributed to the future growth of Indiana's expert labor force. MonoSol's training program highlights the influence enterprises can have on improving education and other communal interests.
Accent Software, Inc. provides local Indiana businesses with business management software that can improve their operational management. In doing so, manufacturing enterprises have the ability to further embed themselves in the Hoosier state and the communities that encompass its workforce of skilled manufacturers.