LAFAYETTE, Ind. (WLFI) – More than 300,000 jobs are expected to come to the Hoosier state over the next eight years.
Advanced manufacturing is one of the leading industries in Greater Lafayette when it comes to growth.
“We’ve had a lot of success in the past few years from Subaru with their expansion with bringing over the Impreza line over here to Heartland Automotive, which is one of their suppliers, that is going to be expanding. Nanshan Aluminum, a company from China, making their investment here and more recently GE Aviation,” Lafayette Economic Development Director Dennis Carson said.
A new study by the Indiana Department of Workforce Development estimates by 2022 Indiana will have 336,640 new jobs. Healthcare, retail and manufacturing industries are expected to make up a third of the new jobs. According to Greater Lafayette Commerce Director of Economic Development Jody Hamilton, the industries go hand-in-hand.
“For every job, one job, that’s created in the manufacturing industry adds additional jobs in the service industries as well including healthcare and retail,” Hamilton said.
With a nearly 12 percent growth in jobs across the state, Hamilton said she expects some of that growth to happen locally over the next few years.
“More hiring, more expansions being done and hopefully additional companies coming into the area,” Hamilton said about what residents can expect.
Hamilton said this year Greater Lafayette brought in more than $600 million dollars in capital investment.
“Along with that is obviously some job creation, but the most important part of that is the capital investment because that means companies are investing in our community,” Hamilton said.
“Indiana is very well positioned. We’ve taken a lot of the right steps in the last many years to be more business friendly to attract more companies and such and we’ve been working very hard on that in the Greater Lafayette area with our different organizations that we work with,” Carson said.
According to the study more than 660,000 Hoosiers will retire over the next eight years meaning the state will need more than a million new employees in the next decade. Hamilton said working with the next generation is the key to filling those positions.
“One thing the community is doing right now is working with those high school students and getting them into the manufacturing facilities so that they see there is high-tech and career opportunities,” Hamilton said.