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Indiana sets record for small business growth


INDIANAPOLIS (WOWO): 2018 was a good year for small businesses in Indiana.

The Indiana Economic Development Corporation says it was a record-breaking year as the state helped launch 318 small businesses and secure $86.3-million in government contracts for Indiana businesses, respectively.

Those two accomplishments led to the creation of 1,554 new jobs.

“With more than 508,000 companies employing 1.2 million Hoosiers, small businesses play a critical role in maintaining long-term economic growth in Indiana and supporting good jobs in our communities,” said Elaine Bedel, president of the IEDC. “As a state, we’re excited to celebrate not only another record-breaking year for job creation, but also for small business growth in Indiana. Working hand-in-hand with the Indiana SBDC and Indiana PTAC networks, we’ll continue to strengthen Indiana’s entrepreneurial ecosystem and provide Hoosier innovators with the resources and expert counseling needed to help launch and grow their dream businesses.”

The IEDC recently celebrated a second-consecutive, record-breaking year for new job commitments.

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