South Bend, Ind. A lot of job creation promises are being kept in Indiana according to a new study. The Board of Directors of the state's Economic Development Corporation met in South Bend Tuesday.
Members heard results of an independent study, showing that nearly 92 percent of expanding companies that promised to create jobs, in exchange for state incentives, kept their end of the bargain.
“Number one, we do not tell a company what to tell us, we simply listen to what they say so if they say they are going to realize 50 jobs, we just take them at their word,” says Eric Doden the President of Indiana Economic Development Corporation. “What we are what we see is that our companies are very accurate in terms of assessing what they are going to realize in in terms of jobs and then they achieve that.”
Companies that fall short of their job creation promises are able to forgo their tax credits.