Indiana

Professional teams[]

The following table shows the professional sports teams in Indiana. Teams in italic are in .

The following is a table of sports venues in Indiana that have a capacity in excess of 30,000:

College athletics[]

Indiana has had great sports success at the collegiate level.

In men's basketball, the have won five NCAA national championships and 22 championships. The were selected as the national champions in 1932 before the creation of the tournament, and have won 23 Big Ten championships. The Boilermakers along with the Notre Dame Fighting Irish have both won a national championship in women's basketball.

In college football, the have won 11 consensus national championships, as well as the , , and . Meanwhile, the Purdue Boilermakers have won 10 Big Ten championships and have won the Rose Bowl and .

Schools fielding athletic programs include:

In 2017, Indiana had a civilian labor force of nearly 3.4 million, the 15th largest in the U.S. Indiana has an unemployment rate of 3.4 percent, lower than the national average. A high percentage of Indiana's income is from manufacturing., nearly 17 percent of the state's non-farm workforce is employed in manufacturing, the highest of any state in the U.S.

Despite its reliance on manufacturing, Indiana has been less affected by declines in traditional manufactures than many of its neighbors. The explanation appears to be certain factors in the labor market. First, much of the heavy manufacturing, such as industrial machinery and steel, requires highly skilled labor, and firms are often willing to locate where hard-to-train skills already exist. Second, Indiana's labor force is primarily in medium-sized and smaller cities rather than in very large and expensive metropolises. This makes it possible for firms to offer somewhat lower wages for these skills than would normally be paid. Firms often see in Indiana a chance to obtain higher than average skills at lower than average wages.[154]

Business[]

In 2016, Indiana was home to seven companies with a combined $142.5 billion in revenue.-based and Indianapolis-based and were recognized in publication's "2017 World's Most Admired Companies List", ranking in each of their respective industries.[156]

has been the largest steel producing center in the U.S. since 1975 and accounted for 27 percent of American-made steel in 2016.[157]

Indiana is home to the international headquarters and research facilities of pharmaceutical company in Indianapolis, the state's largest corporation, as well as the world headquarters of Mead Johnson Nutritionals in Evansville.

Indiana is within the U.S. and . The state has a feedlot-style system raising corn to fatten hogs and cattle. Along with corn, are also a major cash crop. Its proximity to large urban centers, such as and Chicago, assure dairying, egg production, and specialty horticulture occur.
Other crops include melons, tomatoes, grapes, mint, popping corn, and tobacco in the southern counties.[160] Most of the original land was not prairie and had to be cleared of deciduous trees. Many parcels of woodland remain and support a furniture-making sector in the southern portion of the state.

In 2011 Indiana was ranked first in the Midwest and sixth in the country for best places to do business according to CEO magazine.[161]

Taxation[]

Tax is collected by the .[162]

Indiana has a flat state rate of 3.23%. Many of the state's counties also collect income tax. The state rate is 7% with exemptions for food, prescription medications and over-the-counter medications.

are imposed on both real and personal property in Indiana and are administered by the Department of Local Government Finance. Property is subject to taxation by a variety of taxing units (schools, counties, townships, municipalities, and libraries), making the total tax rate the sum of the tax rates imposed by all taxing units in which a property is located. However, a "circuit breaker" law enacted on March 19, 2008 limits to 1% of assessed value for homeowners, 2% for rental properties and farmland, and 3% for businesses.

State budget[]

Indiana does not have a legal requirement to balance the state budget either in law or its constitution. Instead, it has a constitutional ban on assuming debt. The state has a and for healthy reserves proportional to spending. Indiana is one of six US states to not allow a .[165]

In Fiscal year 2011, Indiana reported one of the largest surpluses among U.S states, with an extra $1.2 billion in its accounts. Governor Mitch Daniels authorized bonus payments of up to $1,000 for state employees on Friday, July 15, 2011. An employee who "meets expectations" will get $500. Those who "exceed expectations" will receive $750, and "outstanding workers" will see an extra $1,000 in their August paychecks. with the credit rating agencies, the highest possible rating.[167]

Energy[]

Indiana's power production chiefly consists of the consumption of fossil fuels, mainly coal. Indiana has 24 coal power plants, including the largest coal power plant in the United States, , across the Wabash River from . Indiana is also home to the coal-fired plant with the highest sulfur dioxide emissions in the United States, the power plant just west of New Albany.[169]

The state has an estimated coal reserves of 57 billion tons; state mining operations produces 35 million tons of coal annually., though not easily recoverable. While Indiana has made commitments to increasing use of renewable resources such as wind, hydroelectric, biomass, or solar power, however, progress has been very slow, mainly because of the continued abundance of coal in Southern Indiana. Most of the new plants in the state have been plants. Another source is hydroelectric power.

is now being developed. New estimates in 2006 raised the wind capacity for Indiana from 30 MW at 50 m turbine height to 40,000 MW at 70 m, and to 130,000 MW at 100 m, in 2010, the height of newer turbines.