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Indiana Resources Page
 

Indiana: Growth Industries Help Power State Through Recession-Related Challenges

Cynthia Kincaid  (June/July 09)
The automotive downturn has hit Indiana hard, but the future looks stronger, with growth in wind power and logistics. More

Clean Energy, Green Economy

Steve Stackhouse (June/July 09)
Renewable energy stands poised to create opportunities across the country. More

2009 Gold & Silver Shovel Awards

Area Development Magazine Special Presentation (June/July 09)
Area Development’s annual Gold and Silver Shovel Awards recognize states for their achievements in attracting high-value investment projects that will create a significant number of new jobs in their communities. More

Smaller Towns Teaming Up Through Regional Economic Development Partnerships

Mark Crawford (Apr/May 09)
More second- and third-tier markets, both rural and suburban, are combining their economic development resources. More
State Contacts
Indiana  At A Glance
POPULATION: 6,345,289 (2007)

LABOR FORCE: 3,281,535 (2007)

RIGHT TO WORK: Contractual

TRADITIONAL INDUSTRIES: Agriculture, steel, automotive, wood and wood products, electronics, plastics, food processing

EXPANDING INDUSTRIES: Life sciences, advanced manufacturing, distribution and logistics, information technology, 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; raes vary locally. Beginning in 2010, homeowner property taxes will be capped at 1 percent of a home's assessed value, and business property will be capped at 3 percent of assessed value.

BUSINESS INCENTIVES:
21st Century Research and Development Fund
Certified technology parks
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
Research and Development Tax Credit
Shovel-Ready Site Program Tax increment financing
Technology Enhancement Certification for Hoosiers (TECH) Fund
Skills Enhancement Fund (SEF)
Training Acceleration Grant (TAG)
Trade Show Assistance Program
Venture Capital Investment
(VCI) Tax Credit

Indiana Chart
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