Indiana: Growth Industries Help Power State Through Recession-Related ChallengesThe automotive downturn has hit Indiana hard, but the future looks stronger, with growth in wind power and logistics. More |
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Clean Energy, Green EconomyRenewable energy stands poised to create opportunities across the country. More |
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2009 Gold & Silver Shovel AwardsArea 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 |
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Smaller Towns Teaming Up Through Regional Economic Development PartnershipsMore second- and third-tier markets, both rural and suburban, are combining their economic development resources. More |
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NEWS ITEMS
AROUND THE WEB
NEWS ITEMS
AROUND THE WEB
|
LABOR FORCE: 3,281,535 (2007)
RIGHT TO WORK: ContractualTRADITIONAL INDUSTRIES: Agriculture, steel, automotive, wood and wood products, electronics, plastics, food processing
EXPANDING INDUSTRIES: Life sciences, advanced manufacturing, distribution and logistics, information technology, motorsportsCOLLEGE GRADUATES: (Age 25 and over) 19.4%
BASIC BUSINESS TAXES: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