Indiana | Economic Development Report
TerraMetrics
May 9, 2026
Total Employment
485.0K
Resilience Score
83/100
Diversification
102/100
Net Impact (Probable)
+9.0K
AI Exposure Index: 65/100 -- moderate vulnerability to AI-driven workforce disruption.
Highest risk sector: Insurance back-office (Anthem/Elevance, OneAmerica automation)
Median household income $52K (-20% vs state median) -- significantly below state average, limiting consumer spending and tax base.
Unemployment 4.2% with 485,000 total employed. Poverty rate 18%.
Metro jurisdiction -- larger government apparatus with more regulatory complexity.
Economic Vitality: competitive -- strong governance capacity and fiscal health reduce political risk.
32% bachelor's+ attainment -- above-average workforce readiness for knowledge-economy transition.
87.5% high school+ completion rate -- adequate base but gaps remain in advanced skills.
Moderate ecological risk profile -- no extreme climate events but regional exposure persists.
Housing median value $195K -- lower property values reduce but don't eliminate climate exposure.
No significant financial sector employment -- BTC adoption impact is indirect through consumer behavior and investment flows.
Median income $52K -- moderate crypto adoption potential aligned with national trends.
Research institutions (Indiana University-Purdue University Indianapolis (IUPUI)) provide local quantum/STEM workforce pipeline, though direct quantum compute facilities are rare outside major metro areas.
32% bachelor's+ rate provides a STEM-capable workforce base for post-quantum cryptography (PQC) migration.
Government sector (13% of employment) -- federal CBDC rollout would first affect benefits distribution and government payroll here.
18% poverty rate means a larger unbanked/underbanked population. CBDC could improve financial access -- or create new surveillance concerns.
18% poverty rate strains community cohesion and institutional trust.
Population stable (+0.8% since 2020) -- community base is steady.
Signature: Life Sciences & Pharmaceuticals - Eli Lilly HQ ($35B revenue), Roche Diagnostics, Corteva. Indiana's largest private employer.
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.
Attract robotics and AI-augmented manufacturing companies to leverage existing manufacturing workforce and retrain for higher-wage automation roles.
Position existing manufacturing infrastructure to capture companies returning production from overseas, driven by supply chain security concerns.
Under the probable future, this county's strongest opportunity is healthcare workforce pipeline (feasibility: 83/100). The economic outlook is net positive with 9,028 potential new positions. Additionally, technology & remote work hub scores 83/100 feasibility.
Eli Lilly and Company (pharmaceuticals)
IU Health (healthcare system)
Salesforce (technology)
Elevance Health / Anthem (insurance)
Rolls-Royce (defense/aerospace)
FedEx (logistics hub)
Infosys (IT services, US HQ)
| Company | Date | Workers | Type |
|---|---|---|---|
| Allison Transmission | 2025-05-01 | 120 | layoff |
| Corteva Agriscience | 2024-04-01 | 95 | layoff |
| Anthem/Elevance Health | 2023-06-15 | 200 | layoff |
| Salesforce Indianapolis | 2023-01-20 | 80 | layoff |
| Rolls-Royce North America | 2022-03-01 | 150 | layoff |
| Simon Property Group | 2020-05-01 | 120 | layoff |
| Eli Lilly (contract workforce) | 2020-04-15 | 150 | layoff |
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 |
|---|---|---|---|
| Roche Diagnostics $550M expansion | $550M | - | 2025 |
| Eli Lilly $3.3B modernization | $3.3B | - | 2024 |
| Kimball Electronics | - | 345 | 2025 |
| Romet Limited US expansion | - | - | 2025 |
| Priority | Dimension | Action | Impact | Control |
|---|---|---|---|---|
| critical | Social Trust | Pre-Positioned Displaced Worker Rapid Response | +4 | local |
| high | AI > AGI > ASI | Convert AI Vulnerability into First-Mover Advantage | +6 | local |
| high | Economic Disruption | Reduce Healthcare & Social Concentration Risk | +5 | local |
| high | Social Trust | Targeted Poverty Reduction in Highest-Need Areas | +5 | local |
| high | Education Value | Pre-emptive Reskilling Pipeline: Insurance back-office | +5 | local |
| high | Education Value | Sector-Aligned K-12 + Community College Pipeline | +5 | local |
| high | Education Value | Registered Apprenticeship Expansion: Healthcare & Social | +4 | local |
| high | AI > AGI > ASI | Universal Broadband for AI Economy Participation | +1 | federal |
| medium | Education Value | Sector-Pivot Scholarship Voucher | +3 | local |
| critical | Economic Disruption | AI-Pharma R&D Cluster at 16 Tech | +7 | local |
| critical | Education Value | AI Workforce Reskilling Initiative | +6 | local |
Total Impact
+51 pts
11 actions
Local Control
91%
10 of 11 actions
Critical Actions
3
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: Marion County. BEA: Indianapolis MSA GDP. Indy Chamber.
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.