Today, Amazon Web Services (AWS) announced plans to invest an estimated $11 billion in Indiana, creating at least 1,000 new jobs and marking the largest capital investment in the state’s history. With the support of Governor Eric Holcomb and the Indiana Economic Development Corporation (IEDC), AWS will build new data centers in St. Joseph County. AWS will also contribute up to $7 million to support road infrastructure improvements being built by the state and local community surrounding the company’s planned development.
This planned investment is part of Amazon’s long-term commitment to Indiana. Since 2010, we’ve invested $21.5 billion in the Hoosier State and have added $19.8 billion to Indiana’s gross domestic product, helping support customers, employees, and communities. Amazon’s investments have created 26,000 full- and part-time jobs in the state. Amazon’s commitment to Indiana also includes enabling four solar farms and a wind farm, with a combined capacity of more than 600 megawatts of renewable energy, enough to power approximately 146,000 homes.
“AWS’s unwavering commitment to supporting our customers and helping drive digital transformation has been evident through our infrastructure investments across the United States,” said Roger Wehner, AWS director of economic development. “Building upon this, we are thrilled to be expanding our operations in Indiana through this planned $11 billion investment, which will create numerous well-paying job opportunities and tap into the state’s burgeoning tech sector, while contributing significantly to the state’s growing economy. This investment will include our continuing commitment to fostering workforce development and educational initiatives in areas where we operate, and we look forward to helping nurture the next generation of talent in the Hoosier State. We are excited to partner with Governor Holcomb, IEDC, and other state and local leaders to forge a path toward a brighter future for Indiana’s tech landscape.”
Empowering local communities
AWS is dedicated to the communities where our data centers operate. Building upon our commitment to St. Joseph County and the surrounding area, AWS is launching the AWS InCommunities St. Joseph County Community Fund, a grant program aimed at supporting initiatives focused on six key themes: science, technology, engineering, arts, and math (STEAM) education; sustainability and environment; economic development; future workforce development; inclusion, diversity, and equity; and homelessness, hunger, health, and well-being.
AWS is committing $100,000 to this fund, which will be managed and administered by the nonprofit ChangeX. The program is open to individuals, local community groups, schools, nonprofits, and other organizations across St. Joseph County and the wider South Bend region. Applicants can apply for grants of up to $10,000 for new or existing community projects that align with at least one of the six themes outlined by the fund. As part of our long-term community investment plan, the Community Fund marks the first steps through which we will collaborate with local partners to implement high-impact programs aimed at fostering the sustained growth and prosperity of the county.
Supporting STEAM awareness
Additionally, AWS will start a fund to support a curated set of STEAM awareness and learning opportunities for K-12 school systems. This fund will support implementation of programs such as the We Build it Better program, which provides industry-designed curricular experiences and resources that engage middle-school and older students in a work-like STEAM environment equipped with industry-grade tools. This program aims to foster interest and develop skills in STEAM fields from an early age, preparing students for future careers in these dynamic and rapidly evolving sectors.
Investing in education and skills training
AWS is also committed to empowering local communities by offering a range of educational programs and skills training opportunities. In collaboration with local educational and workforce development institutions, we aim to raise awareness about the region’s emerging needs for a robust technology workforce and collaborate to create opportunities that lead to rewarding careers.
Among the local training programs that will be offered in the area is the Fiber Optic Fusion Splicing Workshop, which trains individuals in new fusion splicing techniques and equipment. Upon completing the free two-day workshop, learners earn a fusion splicing certificate and are immediately connected to employers who are currently seeking in-demand talent in the field of fiber broadband.
The Information Infrastructure Workshop, another upcoming program, is designed to help students, educators, and workforce leaders better understand the physical layer of cloud computing and our information economy, and the many different career options available. Through a series of workshops with employers, the program creates pathways to careers associated with building, connecting, operating, and powering data centers.
“Indiana’s long-term economic strategy is paying dividends for Hoosiers as we cultivate the growth of critical sectors like technology infrastructure,” said Governor Holcomb. “Amazon has long been an important economic partner in Indiana, and we are excited to welcome AWS. This significant investment solidifies Indiana’s leadership position in the economy of the future, and will undoubtedly have a positive ripple effect on the town of New Carlisle, the north central region and the state of Indiana for years to come.”
“The AWS announcement today will be a generational boost to our local and regional economy, and we are excited for the opportunity to welcome the AWS team and workforce into our community,” said Carl Baxmeyer, president, St. Joseph County Board of Commissioners. “This new data center campus to be built in the Indiana Enterprise Center (IEC) over the next decade will be a major employment center for all of northern Indiana. This project announcement also shows our alignment with the state’s goal to create next level jobs that benefit all Hoosiers.”
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
