State Resources


Indiana Business Resources

Indiana is located in the northern section of the Midwest. Its economy is based primarily on its strong manufacturing sector. The industry gained its roots from the mechanization of agriculture in the 19th century. In the early decades of the 20th century, steel-making was introduced, creating a base that allowed for the automobile manufacturing to gain a strong foothold. Today, Indiana possesses a diversified industrial base that is active in steel refining, tool-making, metalworking, petrochemicals, and pharmaceuticals. Contrary to the declining trend of manufacturing in many states, Indiana’s manufacturing output has grown steadily in recent years.

In addition to manufacturing, agriculture continues to contribute to the Indiana economy. Indiana is the fourth largest producer of corn in the nation, and ranks third for soybeans. Indiana’s agriculture industry is also noted for its pork production.

Business Data

Per Capita Real GDP$34,058 Rank: 33/50 (2006)
Population6,080,490 Rank: 14/50 (2000)
Per Capita Personal Income$32,526 Rank: 33/50 (2006)
Unemployment Rate4.50% Rank: 24/50 (2008)
Business Tax Climate IndexRank: 12/50 (2008)
Corporate Tax Rate8.5%
Individual Tax Rate 3.4%
Sales Tax Rate 6%

Business Tax Climate Index

Individual Income Tax Index Rank10
Sales Tax Index Rank12
Unemployment Insurance Tax Index Rank10
Property Tax Index Rank17
Business Tax Climate Index12
Corporate Tax Index Rank22

State Information

AbbreviationIN
CapitalIndianapolis
Nick NameCrossroads of America
State Web Sitehttp://www.indiana.gov
MottoThe Crossroads of America

Top 5 Export Partner Countries

Canada, Mexico, United Kingdom, France, Japan

Top 5 Export Merchandise

Primary Metals Sales Transportation Equipment Sales Primary Metals Manufacturing Transportation Equipment Manufacturing Electrical Equipment Manufacturing

Major Cities

Evansville, Fort Wayne, Indianapolis

GDP

Total Gross Domestic Product (USD Millions) $246,439.00 (2007)
Per Capita Real GDP (USD)$32,724.00 Rank: 39 (2007)

Population Stats

Population 6,376,792 Rank: 16 (2008)

Age Distribution

Under 18 Population1,574,400
Under 18 Percent of Total Population26%
65 and older Population752,831
65 and older Percent of Total Population12%

Gender Distribution

Male Population49%
Female Population51%
Non-English Speaker (at home)289,261
Net International Immigration55,656
Birth Rate13.9%
Percent of People Under Poverty Level12.2%
Rank27

Expenditure

Per Capita State Spending$24,089
Rank33
Energy Expenditures per Person$4,340
Expenditures of State and Local Government Employee-Retirement Systems$1,450,507

Revenue

Personal Income$49,142
Rank33
State Internal Revenue Collection$42,668,067
Rank22
Cash and Deposits by State Government$1,481,530
Per Capita State Tax Collection$2,170
Rank33

Education

High School Graduation Rate70.1%
Rank30
Percent of Population with a Bachelor's Degree13.7%
Rank44
Percent of Population with an Advanced Degree7.9%
Rank37

Largest Universities

Indiana University Indiana University-Purdue University Purdue University
High School Graduation Rate70.1%

Logistics

Public Road Length (Mile)96,250
Gas Tax Rate (%)18%
Highway Planning and Construction (USD Thousands)832,033
Number of Public Airports110

Main Airports

FWA: Fort Wayne IND: Indianapolis

Ports

Buffington Burns Waterway Harbor Gary Indiana Harbor Mount Vernon

Weather


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State Business Links

The Indy Star
http://www.indystar.com

Secretary of State

Indiana Secretary of State
http://www.in.gov/sos
Services, duties, biography, divisions, forms and contacts.

Small Business Administration

Indiana Small Business Administration
http://www.sba.gov/localresources/district/in/index.html
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government. Its purpose -- to aid, counsel, assist, and protect the interests of small business concerns; to preserve free competitive enterprise, and to maintain and strengthen the overall economy of our nation.

Top 10 Business Links

Indiana Business Journal
http://www.ibj.com/
From the Indiana Business Journal’s homepage, users can access the latest business news affecting Indiana. There are normal news articles as well as in-depth articles. Some features may require subscription.
Indiana Business Research Center
http://www.ibrc.indiana.edu/
The IBRC of the Kelley School of Business at Indiana University provides business and economic data, analysis, and services. The IBRC publishes periodicals interpreting data, as well as other commissioned reports or briefs. Two useful publications include IN Context, outputted monthly, and Indiana Business Review, outputted quarterly, which cover various mixtures of topics such as industry sectors or imports and exports.
Indiana Business Review
http://www.ibrc.indiana.edu/ibr/
This publication comes from the Kelley School of Business at Indiana University, and features many articles on economic conditions on Indiana. Outlook for 2008, The International Economy, Financial Forecast, and various metro area reports are typical.
Indiana Economic Development Corporation
http://www.in.gov/iedc/
The IEDC provides numerous business aids, including information on what makes Indiana a good place to do business, site selection assistance, grants and incentives, tax information, workforce information, and various industry information.
Indiana Health Industry Forum
http://www.ihif.org/
This is a member-based organization for professionals in the healthcare industry. In addition to listing industry-related news and events, there are also resources for economic development and opportunities for international relationships.
Indiana Small Business Development Center
http://www.isbdc.org/home.aspx
The ISBDC offers a lot of information to help small business, such as different resource and management guides, advice on starting and running a business, and more. Information is available either free or at low cost and is also available in Spanish.
Indiana University CIBER
http://www.kelley.iu.edu/ciber/outreach.cfm
The Center for International Business Education and Research at Indiana University offers assistance and support to the business community, among others, for international operations. Supports come in the form of Indiana Export Reports, Conferences and Workshops, Life Sciences Industry, Foreign Language Tutoring, and International Trade and IB Pedagogy resource links.
Inside Indiana Business
http://www.insideindianabusiness.com/
In addition to typical business news journalism, Inside Indiana Business provides its information through a network of television, radio, Internet, and print media. On their website, top videos, radio reports, and television broadcasts are available for viewing, in addition to articles. Special reports, an opinion section, and newsletters also provide valuable business content.
STATS Indiana
http://www.stats.indiana.edu/
This site provides extensive statistics, not only for Indiana, but for the U.S. as well. Data can be searched for using counties, or regions and metros for Indiana, or states, counties and metros for the U.S. Statistics are also searchable by topic and date.
The Mineral and Fuel Industry of Indiana
http://igs.indiana.edu/geology/minRes/m&findustry/index.cfm
This site provides detailed information about the mineral industry in Indiana, with reports dating from the current year to 1999. There is a wealth of technical and scientific information provided about different facets of the geology of Indiana, as well as various maps.

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