Indiana

 

 

 

Indiana's top export industries are vehicles (not railways), machinery, electrical machinery, organic chemicals, pharmaceuticals, medical instruments, plastics, miscellaneous chemicals, iron and steel, iron & steel products.

The state's industrial development in Indianapolis, Gary, and other cities has been based on its plentiful natural resources—coal, natural gas, timber, stone, and clay—and on good transportation facilities. The northwestern corner of the state is the site of one of the world's greatest concentrations of heavy industry, especially steel.

Agriculture

Agriculture plays a vital role in Indiana's economy. The state has more than 59,000 farms covering approximately 15.4 million acres of farmland. In 2005, crop sales, totaling around $4.8 billion, were ranked ninth in the United States.

Indiana is a leader in the production of corn and soybeans and actively promotes the use of biofuels including ethanol and blended biofuels derived from corn and soybeans.

Indiana recently passed a comprehensive clean energy production incentive package to bring the state to the forefront of the advanced agricultural industry.

LIFE SCIENCES

Indiana was identified as one of the nation's top four life sciences leaders as defined by number and concentration of life sciences-related jobs. The major sectors are health care delivery, pharma, and medical devices, they generate s$14 billion a year for Indiana.

 

Indiana is a home to such industry giants as Eli Lilly, Biomet, Cook Group, Inc. and Zimmer, WellPoint. Indiana boasts the second largest medical school in the U.S. (Indiana University School of Medicine) and hosts the highly successful incubator, Indiana University's Emerging Technologies Center. This 40,000 square-foot incubator opened in 2003 and houses many biosciences businesses. The state’s pharmaceutical sector ranks fifth in the United States in terms of sales and employment. Orthopedics is an $8 billion industry in Indiana, with three Warsaw-based companies — Biomet, DePuy and Zimmer — controlling 30 percent of the overall global market in orthopedic joint replacement. Indiana is home to groundbreaking research in such fields as bio-engineering/tissue engineering, genomics/proteomics, bio-informatics and nanotechnology.

TRANSPORTATION/WAREHOUSING

Indiana's Advanced Logistics industry is a driving force in today's economy and offers a sustainable competitive advantage to the manufacturer's and distributors who rely upon it. The nation's second largest FedEx hub is located at the Indianapolis International Airport

• 724 million tons of freight travel through Indiana annually, making it 5th in the rankings of States in volume of commercial freight.
• Proximity to 65% of the U.S. population within a 2-day's drive.
• 3 maritime ports (1 on Lake Michigan, 2 on the Ohio River).
• 60% higher employment in warehousing and storage establishments relative to the country average.

Thanks to the progressive State leadership, Indiana is pursuing an aggressive infrastructure plan, investing billions for the future. Recent legislation has allowed Indiana to develop a $3.5 billion infrastructure improvement fund called Major Moves.

INFORMATION TECHNOLOGY

Central Indiana is home to more than 1,900 information technology firms, employing over 40,000 workers and producing $7.4 billion in economic output.

MANUFACTURING

Toyota's second largest vehicle production facility in North America is located in Princeton, Indiana. More than 11,000 Indiana manufacturers employ over 700,000 workers. By number of plants, Indiana’s top three manufacturing industries are: industrial machinery and equipment, printing and publishing, and metal fabricating. By employment, Indiana’s top manufacturing industries are: automotive (vehicles and parts), plastics (Indiana is a national leader) and steel.

 

AUTOMOTIVE

 

Indiana’s automotive industry is one of the nation’s largest. It ranks third or higher in almost every segment of this industry. Over the past decade, Indiana’s employment in making motor vehicle parts has grown by six percent, compared with the national average of one percent. Major automotive segments include motor homes, travel trailers &campers, motor vehicle & air-conditioning, motor vehicle power trains, vehicular lighting, truck trailers, electrical equipment, motor vehicle suspension & steering, motor vehicle bodies, brake systems, etc. The 2006 announcements of Honda and Toyota that they were establishing new plants in Indiana illustrates Indiana’s prowess in the motor vehicle industry.

http://www.in.gov/iedc/about/

http://www.city-data.com/states/Indiana-Economy.html

 

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