Buttigieg, a Democrat, will face incumbent Republican State Treasurer Richard Mourdock in the Nov. 2 election.
"Indiana has a little over $7 billion in bank accounts and CDs," Buttigieg said. "We really do have a lot of money. What I want is to be more transparent and more innovative. The state treasurer has a very wide range of options for doing those things."
One of Buttigieg's top priorities as treasurer would be job creation. He said he planned to "create good paying jobs by investing our tax dollars in Hoosier businesses and communities."
"He will serve as a watchdog, protecting taxpayers from risky Wall Street schemes while insisting that banks treat consumers fairly," a release from Buttigieg's campaign Web site said. "And Pete will fight to keep taxes low by using common sense to invest and spend state money more responsibly."
Buttigieg, whose parents were both educators, grew up in South Bend. He is a graduate of Harvard University, and studied economics at Oxford University as a Rhodes Scholar.
Buttigieg was employed as a consultant in the private sector, where he specialized in economic development, retail strategy, energy and logistics. He left his job to concentrate on his campaign. This will be his first time running for office.
Buttigieg is a co-founder of the Democratic Renaissance Project, serves as a fellow at the Truman National Security Project and has worked on a number of political campaigns.
More information on Buttigieg and his campaign can be found online at in.peteforindiana.com.