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
