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Leading Locations for 2015: Creating a Track Record of Economic Success, Denver-Aurora-Broomfield Ranks First

Area Development Magazine Special Presentation (Q2 2015)
Area Development analyzed economic and workforce data for 373 MSAs to determine which U.S. cities are creating jobs and nurturing sustainable economic development. The results of the Leading Locations 2015 study clearly reflect the strength of the western half of the United States: eight of the top-10 MSAs are in the West — three in Colorado, two in California, two in Texas, and one in Washington State. More

2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Magazine Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

Auto/Aero Firms Redrawing the Map

Dale D. Buss, Staff Editor,  (Q2 2015)
Strong sales in the auto industry and a rebounding aerospace sector are spurring new facility/expansion projects in legacy as well as new locations. More

Front Line: Metro Areas Join in Export Initiatives

Karen Thuermer (Q2 2015)
To date, 28 cities across the country have come together under a pilot program called the Global Cities Initiative (GCI) to develop their foreign direct investment plans and volume of exports. More

10 Inland Ports to Watch

Tim Feemster, Managing Principal, Foremost Quality Logistics (Intermodal Sites)
Inland ports are poised to play an increasingly vital role and could be a large part of the answer to both the fuel and congestion concerns in the domestic supply chain. More

Veterans: A Natural Fit to Close the Skills Gap

Dan Emerson (Workforce Q1 2015)
National, regional, and corporate initiatives are helping to connect those leaving the military, who need careers, with U.S. employers, who need skilled workers. More

Slideshow: 2014 Gold and Silver Shovel Award Recipients

Area Development Magazine Special Presentation (Directory 2015)
Shown here are 12 of the recipients of Area Development’s 2014 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job creation. All told, 20 states were recognized for their efforts. More

Regional Report: Advanced Industry Clusters Fueling Growth in the Midwest States

Mark Crawford (Directory 2015)
Economic growth in the Midwest was steady in 2014, thanks to solid performances by the agriculture and manufacturing sectors, especially transportation equipment. The economy also got a boost from the surging energy sector, led by oil-shale production in Ohio, which improved sales for supporting industries like sand, chemicals, and steel drill pipe made in Midwestern steel plants. More

INDIANA at a glance

POPULATION: 6,537,334 (2012 Annual Estimate, US Census)

LABOR FORCE: 3,149,743 (2012 Annual Average BLS)

RIGHT TO WORK: Yes

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

EXPANDING INDUSTRIES: Aerospace, life sciences, advanced manufacturing, automotive, distribution and logistics, information technology, national security and defense, motorsports health care services, entrepreneurship and innovation, insurance and financial services

COLLEGE GRADUATES: (Age 25 and over): 23.4% (ACS 2012 estimates)

BASIC BUSINESS TAXES:
Corporate Adjusted Gross Income Tax: 7 percent in 2014 and declining to 6.5 percent in 2015

Individual Income Tax: Flat rate of 3.4 percent covers most individuals.

Sales and Use Tax: 7 percent

Property Tax: Real estate and personal property are assessed at 100 percent of true value; rates vary locally; business property taxes capped at 3 percent of assessed value

BUSINESS INCENTIVES:

21st Century Research and Technology Fund

Community Revitalization and Enhancement District Tax credit

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

Patent-Derived Income Exemption

Research and Development Tax Credit

Skills Enhancement Fund

State and local financing programs, including real and personal property tax abatement and tax increment financing

Venture Capital Investment Tax Credit

Principal Manufacturing industries

  • Transportation Equipment
    23.0%
  • Fabricated Metal Products
    11.0%
  • Primary Metal Industries
    8.5%
  • Machinery
    8.2%
  • Food Mfg.
    7.1%
  • Rubber & Plastic Products
    6.6%
  • Furniture & Related Products
    6.1%
  • Chemicals
    5.5%
  • Computer & Elecronic Products
    3.3%
  • Printing
    2.9%
  • Other Manufacturing Industries
    17.8%