2025 Office of Commerce Year End Report

A Record Year, Built on Discipline

2025 marked a record year for Indiana’s economy defined by discipline, alignment, and a clear set of priorities from Governor Mike Braun. Early in his administration, the Governor issued two executive orders that reshaped how Indiana approaches growth, emphasizing quality results driven by local and regional priorities with support from the state. Executive Order 25-44 set a higher bar for job quality, requiring state-supported economic development projects to deliver wages at or above the county average. Executive Order 25-45 reaffirmed a

“2025 was about building the systems required to deliver long- term growth.” — D avid J. Adams

region-led approach to economic development, building on the Regional Economic Acceleration and Development Initiative (READI) framework and recognizing that Indiana’s regions each with distinct strengths and goals are best positioned for growth. The results are clear: wages increased, incentives per job declined, nearly 11,000 new jobs were committed statewide in 2025, more than 30,000 employers are actively engaged in upskilling to improve productivity, and Indiana’s economic performance outpaced both the nation and the Midwest. At the same time, Indiana’s 15 READI regions were formally validated by IU’s Indiana Business Research Center as the state’s official economic planning regions, reinforcing

Secretary of Commerce State of Indiana

trust in local leadership and long-term regional strategies. Momentum is not theoretical. It is measurable and underway. A record year moves indiana confidently into 2026.

“Our strategic focus on increasing wages and jobs in Indiana is working. By supporting Indiana companies and the Main Street economy, we’re helping businesses to grow, encouraging more high-wage career opportunities, and creating the next generation of entrepreneurs. All in all, these results will deliver a more robust economy.” Indiana Governor Mike Braun

Governor’s Agenda: Executive Orders • EO 25-44: Wages & Jobs • EO 25-45: Regional Approach to Economic Development

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Office of Commerce 2025

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