Indiana | Economic Development Report
TerraMetrics
May 9, 2026
Total Employment
155.0K
Resilience Score
82/100
Diversification
104/100
Net Impact (Probable)
+2.3K
AI Exposure Index: 52/100 -- moderate vulnerability to AI-driven workforce disruption.
Highest risk sector: Financial services back-office
Metro jurisdiction -- larger government apparatus with more regulatory complexity.
Economic Vitality: competitive -- strong governance capacity and fiscal health reduce political risk.
Median household income $107K (+64.6% vs state median) -- well above state average, providing economic cushion.
Unemployment 2.8% with 195,000 total employed. Poverty rate 4%.
62% bachelor's+ attainment -- above-average workforce readiness for knowledge-economy transition.
96.5% high school+ completion rate -- strong foundation for workforce training programs.
Financial/insurance sector (12% of employment) faces disruption from Bitcoin's parallel financial infrastructure.
Higher household income ($107K median) correlates with greater crypto adoption and investment exposure.
Moderate ecological risk profile -- no extreme climate events but regional exposure persists.
Housing median value $380K -- higher property values increase disaster loss potential.
Research institutions (Indiana University Health North) provide local quantum/STEM workforce pipeline, though direct quantum compute facilities are rare outside major metro areas.
62% bachelor's+ rate provides a STEM-capable workforce base for post-quantum cryptography (PQC) migration.
Lower poverty (4%) means most residents already have bank access. CBDC impact would be through payment efficiency, not financial inclusion.
Retail/hospitality sector (10%) would be early adopters of CBDC point-of-sale infrastructure.
Low poverty rate (4%) supports stable community networks.
Population growing (+8.5% since 2020) brings new residents but can stress existing community bonds.
Signature: Technology & Professional Services - Salesforce, Genesys, Resultant, KAR Global. Carmel/Fishers tech corridor. $81K avg professional services wage.
Top Commodities:
Net employment change by sector under probable futures scenario. Green = growth, Red = displacement risk.
Address healthcare worker shortages by building accelerated training programs, especially for AI-augmented care roles.
Attract remote-first tech companies and satellite offices by promoting quality of life, lower costs, and existing professional workforce.
Leverage existing healthcare employment density to attract AI health startups, clinical trial operations, and telehealth infrastructure.
Position construction workforce for the modular housing revolution where AI designs and factories produce housing components.
Under the probable future, this county's strongest opportunity is healthcare workforce pipeline (feasibility: 82/100). The economic outlook is net positive with 2,326 potential new positions. Additionally, technology & remote work hub scores 81/100 feasibility.
IU Health North Hospital
Beck's Hybrids (agtech)
KAR Global (auto auctions)
Fishers city government
Carmel Clay Schools
Economic Development for a Growing Economy (EDGE)
Refundable income tax credits based on projected new payroll. Indiana's primary incentive for job creation. Credits calc...
tax_creditHoosier Business Investment (HBI) Tax Credit
Non-refundable tax credit against Indiana income tax liability based on qualified capital investment. Supports companies...
tax_creditIndustrial Development Grant Fund (IDGF)
Performance-based grants for significant job creation and capital investment projects. Typically reserved for large-scal...
grantSkills Enhancement Fund (SEF)
Grants to reimburse eligible training costs for new and existing employees. Supports workforce upskilling in advanced ma...
trainingHeadquarters Relocation Tax Credit
Relocating a corporate headquarters to Indiana unlocks enhanced income tax credits. Designed for companies moving decisi...
tax_creditData Center Tax Exemptions
Sales tax exemptions on qualifying data center equipment, electricity, and infrastructure purchases. Indiana's incentive...
exemptionTarget Sectors
Active Programs
Recent Wins
| Name | Investment | Jobs | Year |
|---|---|---|---|
| INCOG BioPharma ~1000 employees | - | 1,000 | 2025 |
| Koola Logistics 200+ employees | - | 200 | 2025 |
| Round Room Holdings 190K sqft campus | - | - | 2024 |
| Priority | Dimension | Action | Impact | Control |
|---|---|---|---|---|
| high | AI > AGI > ASI | Convert AI Vulnerability into First-Mover Advantage | +6 | local |
| high | Economic Disruption | Reduce Professional Services Concentration Risk | +5 | local |
| high | Economic Disruption | Mitigate INCOG BioPharma ~1000 employees Concentration Risk | +5 | local |
| high | Education Value | Pre-emptive Reskilling Pipeline: Financial services back-office | +5 | local |
| high | Education Value | Sector-Aligned K-12 + Community College Pipeline | +5 | local |
| high | AI > AGI > ASI | Leverage Broadband Advantage for AI Sector Growth | +4 | local |
| high | Education Value | Registered Apprenticeship Expansion: Healthcare & Social | +4 | local |
| high | Social Trust | Pre-Positioned Displaced Worker Rapid Response | +4 | local |
| medium | Education Value | Sector-Pivot Scholarship Voucher | +3 | local |
| high | Economic Disruption | Logistics Automation Readiness Program | +5 | local |
Total Impact
+46 pts
10 actions
Local Control
100%
10 of 10 actions
Critical Actions
0
highest priority
Impact estimates are modeled projections based on STEEPE dimension sensitivity analysis. Actual outcomes depend on implementation quality, timing, and external conditions.
Census CBP 2022, USDA Census of Agriculture 2022, Census ACS 2024, BLS QCEW, BEA County GDP, WARN Act Notices, TerraMetrics STEEPE Engine. Census QuickFacts: Hamilton County. Hamilton County Tourism.
STEEPE Framework: A multi-dimensional disruption assessment covering Social, Technology (AI, Blockchain, CBDC, Quantum), Ecological, Economic, Political, and Education. Each dimension is scored 0-100, where higher values indicate greater disruption intensity. Scores shown in this report reflect the Probable scenario projection.
Resilience Score (0-100): How well-positioned a county is to absorb economic disruption. Calculated from economic diversification (40%), opportunity-to-threat ratio (35%), and average sector wage levels (25%). Higher scores indicate greater capacity to weather change.
Diversification Score (0-100): Economic diversity across industry sectors, based on the inverted Herfindahl-Hirschman Index (HHI). A score of 100 indicates a perfectly diversified economy; lower scores indicate concentration in fewer sectors, increasing vulnerability to sector-specific shocks.
AI Exposure Score (0-100): Degree of exposure to AI-driven disruption based on knowledge worker concentration, tech company density, and manufacturing automation exposure. Higher scores indicate greater exposure, meaning both higher risk of displacement and higher potential for AI-driven growth.
Futures Cone (Probable / Possible / Preferable): Based on the Voros (2003) futures cone methodology. Probable represents where current trends lead (highest confidence). Possible covers what could happen across a wider range of conditions. Preferable describes the abundant future that proactive policy and investment can build toward.