Across our service area, we offer an abundance of available sites and buildings for site selectors to choose from. Whether you’re seeking industrial, office, mixed-use or greenfield and shovel-ready sites, Hoosier Energy has options. We also have the workforce to help fill jobs and power your operations. Our service area benefits from a robust talent pool with a wide variety of skills, offering a competitive edge for both start-ups and expanding businesses.
A Robust Workforce
Our regional workforce is comprised of nearly 1.1 million people. With an average of over 22,000 new graduates entering the workforce every year, we have a consistent pipeline to ensure businesses can fill jobs with well-educated and skilled talent. By the numbers, Hoosier Energy offers employers access to a highly qualified workforce:
- More than 50% of our population is of working age (25-64); the median age is 40.
- Over 81% have a high school diploma.
- 14% hold a bachelor’s degree and 8% possess a graduate degree.
- 10% of the country’s primary metal and transportation equipment workforce reside in Indiana.
- Regional unemployment rate: 3.4%.
The Hoosier Energy service area also offers access to several higher education institutions with robust workforce development programs.
Regional Advantages for Site Selectors
Our service area offers a range of advantages for businesses seeking a suitable site. Hoosier Energy’s service region offers site selectors access to a bounty of valuable resources, including a highly interconnected transportation network and prosperous industry clusters.
- Indiana boasts the fifth best cost of doing business in the U.S.
- Cincinnati, Louisville, Nashville, Chicago and St. Louis are all within a four-hour drive of Hoosier Energy’s territories.
- Indiana is ranked second for strength of state infrastructure (trailing only Texas).
- As the “Crossroads of America,” Indiana is home to the median center of the U.S. population, resulting in superior access to markets.
- Indiana is the fourth most business-friendly state.
- Of the 1 million automotive jobs in the U.S., about half are in Indiana or its four neighboring states: Michigan, Illinois, Ohio and Kentucky.
- Illinois ranks second in the U.S. for business creation and number of headquarters.
- The Prairie State is the second largest producer of computer science graduates.
- Annually, Illinois sees $100 billion in direct foreign investment and is home to more than 1,900 international companies and five international airports.
- Illinois is the only state with all seven Class I railroads.
- Illinois claims the fifth highest GDP in the nation, boasts the 19th largest economy in the world and is home to 37 Fortune 500 companies.
Recent Relocations and Expansions
Hoosier Energy’s economic development team helps recruit a range of new businesses to our service territory and facilitates expansions for existing organizations. We’re proud to partner with some of the largest businesses in the U.S. Some of our recent success stories include:
IKIO LED Lighting
- $80 million distribution facility in Johnson County, Indiana.
- IKIO is a leading U.S.-based manufacturer of LED lighting solutions.
- $25 million in new capital expenditures.
- 30 new expected full-time positions.
AboutBit – Earth-Friendly Crypto
- A Kentucky-based firm looking to transform property near Merom Generating Station in Sullivan County into a cryptocurrency mining facility.
- $50 million in new capital expenditures.
- Starting with 15 new high-tech jobs with more to come once operational.
Boar’s Head Expansion Project
- $160 million new facility for biofuels producer in Shelbyville, Indiana.
- New Castle food processor Boar’s Head announced plans to expand its current facility with an additional 100,000 square feet of space.
- $126 million in new capital expenditures.
- 120 new full-time positions.
The largest employers in our service area provide jobs to tens of thousands of Indiana and Illinois residents. These employers span multiple industries, from pharmaceuticals to manufacturing to agriculture, and continue to boost the economies in the communities we serve.