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Entrepreneurship was a focus for Secretary Chambers, leading to record breaking results in the areas of Indiana's small business development efforts and the recruitment of the Global Entrepreneurship Congress to Indiana in 2025.
The Indiana Economic Development Corporation (IEDC) was founded in 2005 and is charged with growing the state economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Bradley B. Chambers and governed by a 14-member board chaired by Governor Eric J. Holcomb, the IEDC is ...
The Indiana Republican Party, which previously dominated the state and gave precedent to business interests, was destroyed in the elections of 1932, and the Indiana Democrats, led by newly elected governor Paul V. McNutt, swept to power and radically transformed the state, implementing public works projects and completely overhauling the state ...
The secretary of state oversees four divisions, and is the third highest constitutional office of the state government. The secretary serves as the state's chief election officer, enforces state securities regulations, regulates automobile dealerships in Indiana, and manages the state business services division.
Historically, the state was a swing state, voting for the national winner all but four times from 1816 to 1912, with the exceptions of 1824, 1836, 1848, and 1876. [9] Nonetheless, half of Indiana's governors in the 20th century were Democrats. Indiana has also elected several Democrats to the Senate in recent years.
In 2014, the Indiana state legislature passed a law that cut the corporate income tax from 8.50% in 2014 to 6.25% in 2016, with further decreases to be phased in until the rate falls to 4.9% in 2022. [5] Indiana is the only state that imposes corporate income taxes based on fiscal year instead of calendar year.
In 2021, nearly 130,000 Central Indiana residents were employed in healthcare. [43] Indianapolis is home to Indiana University Health, the state's largest healthcare system, with a workforce of 36,000 across 16 hospitals. [66]
The Indiana Business Research Center [1] (IBRC), established in 1925, is a research unit in the Kelley School of Business at Indiana University. [2] The IBRC provides and interprets economic information for the state’s business, government and nonprofit organizations, as well as users of such information throughout the nation.