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Those losses are more than three times larger than the number of jobs that would have been created under the state’s incentive agreements, even if they had all came to fruition. Those records show that the same 10 companies or their related subsidiaries have laid off or plan to layoff more than 3,820 workers in Indiana because work has been shifted to other countries since 2013. The other six are in compliance with their incentive agreements, the IEDC said.īut those job growth figures pale in comparison to the jobs lost to offshoring, an IndyStar review of layoff announcements and trade adjustment filings with the U.S. Four fell short, as evidenced by the claw backs. The 10 companies that offshored jobs were supposed to create 1,087 new jobs, according to their incentive agreements. She said the IEDC’s transparency website, which was set up under Pence, includes information about how much money or tax breaks companies have received, “which is a reflection of the companies’ performance.” “As you know, I can’t give you employment figures for specific companies,” Gras said, “but collectively these companies have added hundreds of new jobs in Indiana.” While the IEDC makes the job retention and creation requirements public, it keeps secret the actual number of jobs a company retains, creates or loses. However, if a company chooses to neglect its commitment to the state and to its Hoosier employees, we aggressively seek to claw back any incentives the company has received.”īut the success of the state’s incentive program is difficult to gauge. “Unforeseen circumstances can affect business plans, and in those times, we offer our support and counsel to job creators. “In Indiana, our economic development incentives are performance-based, meaning a company must create the jobs it committed to creating in order to receive any incentive, which is not the case in many other states,” Smith said. Pence, who has been campaigning for Trump across the country since accepting the Republican vice presidential nomination in July, did not respond to interview requests for this story left with his office and campaign staff.īut his commerce secretary, Victor Smith, sent a statement to IndyStar defending the state’s economic development record and noting that 150,000 jobs have been added since Pence took office.
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That’s a net loss of more than 200 jobs across the company’s Fort Wayne area operations. The company now employs slightly more than 600 workers in Roanoke, a spokeswoman for the company said. Vera Bradley has claimed about $118,000 in tax credits so far and remains in compliance with its state incentive agreement, said Abby Gras, an IEDC spokeswoman, in an email. The factory’s 250 employees, who worked just 15 miles from the Roanoke headquarters, lost their jobs. In exchange, the company agreed to retain 567 employees and add 128 jobs by the end of 2017.īut the following year, the company closed its New Haven design center and moved production to factories in Asia to save money.
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The company was approved in December 2014 for a $1.75 million, 10-year tax break to assist with a $26.6 million expansion of its headquarters and distribution center in Roanoke, near Fort Wayne. Take, for example, handbag maker Vera Bradley. The primary reason: The job creation and retention requirements in the state’s incentive agreements are usually narrowly tailored to a single facility, leaving workers at other sites owned by the same company vulnerable to offshoring. But in the other six cases, the companies faced no consequences. The state has clawed back or put a hold on some or all of the incentives in four of those cases, returning $746,000 in taxpayer subsidies.
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Of those incentives, nearly $8.7 million has been paid out so far.ĭuring that same period, those companies terminated or announced layoffs of more than 3,800 Hoosier workers while shifting production to other countries, where labor tends to be far less expensive. Those production shifts have cost thousands of Hoosiers their jobs during Pence’s time in office.Īn IndyStar analysis found that the Indiana Economic Development Corporation - which Pence leads - has approved $24 million in incentives to 10 companies that sent work to foreign countries. Mike Pence is campaigning for a man who has promised to penalize companies that ship jobs overseas.īut since Pence became governor in 2013, the state has awarded millions of dollars in economic development incentives to companies that have moved production to foreign countries such as Mexico and China.