IEDC Board Passes Resolution in Support of Right-To-Work Laws

• Release Date: Thursday, February 09, 2012
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INDIANAPOLIS - The board of directors of the Indiana Economic Development Corp. (IEDC) voted today to approve a resolution in support of right-to-work laws for the state of Indiana. "The last seven years of IEDC experience tell us that Indiana is blocked from too many job opportunities because we do not provide right-to-work protection to our workers," said John Mutz, former president of PSI Energy and member of the IEDC board of directors and chairman of the policy committee. "Especially in this tough national economy, it's a handicap." "I know 'right to work' is not a cure-all, but given the call of the General Assembly to create a business-friendly tax and regulation environment, Hoosiers cannot continue to eliminate ourselves from opportunity based on our adherence to compulsory unionism," said Bob Taylor, president and chief executive officer of Do it Best Corp. and member of the IEDC board of directors and policy committee. "I believe Indiana should be a right-to-work state so that we can maximize our opportunities for economic development." As IEDC board chairman, Governor Mitch Daniels does not vote on motions and did not vote on today's resolution. About IEDC Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC. The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

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