POPULATION: 6,376,792 (2008)
LABOR FORCE: 3,230,367 (2008)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Agriculture, steel, automotive, life sciences, wood and wood products, electronics, plastics, food processing
EXPANDING INDUSTRIES: Life sciences, advanced manufacturing, distribution and logistics, information technology, hybrid vehicles, alternative energy/wind power, motorsports
COLLEGE GRADUATES: (Age 25 and over) 19.4%
BASIC BUSINESS TAXES:
Corporate Adjusted Gross Income Tax: 8.5 percent
Sales and Use Tax: 7 percent
Property Tax: Real estate and personal property are assessed at 100 percent of true value; rates vary locally; beginning in 2010, business property taxes will be capped at 3 percent of assessed value
BUSINESS INCENTIVES:
21st Century Research and Technology Fund
Certified technology parks
Direct loans and loan guarantees
Economic Development for a Growing Economy (EDGE) tax credits
Headquarters Relocation Tax Credit
Hoosier Business Investment Tax Credit
Industrial Development Grant Fund
Industrial Recovery Tax Credit
Media Production Expenditure Tax Credit
Patent-Derived Income Exemption
Property tax abatement
Research and Development Tax Credit
Shovel-Ready Site Program
Skills Enhancement Fund
State and local financing programs
Tax increment financing
Trade Show Assistance Program
Venture Capital Investment Tax Credit