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Indiana Economic Development Corporation
The Indiana Economic Development Corporation is a body corporate and politic (i.e., a public-private company) in Indiana that focuses on encouraging business to set up shop or expand their existing operations within the state with tax benefits, grants, and other incentives authorized by the state. When Mitch Daniels was elected Governor of Indiana, he stated his number one priority was job creation. To achieve that goal, he created the quasi-public Indiana Economic Development Corporation (IEDC), became chairman of its board, and ordered it to “act at the speed of business, not the speed of government” to attract new jobs. In March 2010, WTHR Indianapolis News reported that up to 40% of the jobs the corporation reported to have helped create never came to fruition, and questioned the job numbers produced by the IEDC. The news story cited changes in companies' plans as the primary reason for the failures and criticized IEDC's annual report for prematurely claiming credit f ...
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Indiana
Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th state on December 11, 1816. It is bordered by Lake Michigan to the northwest, Michigan to the north, Ohio to the east, the Ohio River and Kentucky to the south and southeast, and the Wabash River and Illinois to the west. Various Indigenous peoples of the Americas, indigenous peoples inhabited what would become Indiana for thousands of years, some of whom the U.S. government expelled between 1800 and 1836. Indiana received its name because the state was largely possessed by native tribes even after it was granted statehood. Since then, settlement patterns in Indiana have reflected regional cultural segmentation present in the Eastern United States; the state's northernmost tier was settled primarily by people from New England and New York ...
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Tax Benefit
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner (non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but most ...
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Mitch Daniels
Mitchell Elias Daniels Jr. (born April 7, 1949) is an American academic administrator, businessman, author, and retired politician. A Republican, Daniels served as the 49th governor of Indiana from 2005 to 2013. Since 2013, Daniels has been president of Purdue University and plans to retire as of January 1, 2023. Daniels began his career as an assistant to senator Richard Lugar, working as his chief of staff in the Senate from 1977 to 1982. He was appointed executive director of the National Republican Senatorial Committee when Lugar was chairman from 1983 to 1984. He worked as a chief political advisor and as a liaison to President Ronald Reagan in 1985. He then moved back to Indiana to become president of the Hudson Institute, a conservative think tank. He later joined Eli Lilly and Company where he served as president of North American Pharmaceutical Operations from 1993 to 1997 and as senior vice president of corporate strategy and policy from 1997 to 2001. In January 2 ...
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Governor Of Indiana
The governor of Indiana is the head of government of the State of Indiana. The governor is elected to a four-year term and is responsible for overseeing the day-to-day management of the functions of many agencies of the Indiana state government. The governor also shares power with other statewide executive officers, who manage other state government agencies. The governor works out of the Indiana Statehouse and holds official functions at the Indiana Governor's Residence in the state capital of Indianapolis. The 51st, and current, governor is Republican Eric Holcomb, who took office on January 9, 2017. The position of the governor has developed over the course of two centuries. It has become considerably more powerful since the mid-20th century after decades of struggle with the Indiana General Assembly and Indiana Supreme Court to establish the executive branch of the government as an equal third branch of the state government. Although gubernatorial powers were aga ...
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National Governors Association
The National Governors Association (NGA) is an American political organization founded in 1908. The association's members are the governors of the 55 states, territories and commonwealths. Members come to the association from across the political spectrum; the NGA declares itself as nonpartisan. The NGA serves as a public policy liaison between the state governments and the federal government. NGA provides governors and their senior staff members with services that range from representing states on Capitol Hill and at the White House when discussing federal issues to developing policy reports on state programs and hosting networking seminars for state executive branch officials. The NGA Center for Best Practices focuses on state innovations and best practices on issues that range from education and health to technology, welfare reform, and the environment. NGA also provides management and technical assistance to both new and incumbent governors. History In 1907, the Inland ...
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Indiana Pacers
The Indiana Pacers are an American professional basketball team based in Indianapolis. The Pacers compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Central Division. The Pacers were first established in 1967 as a member of the American Basketball Association (ABA) and became a member of the NBA in 1976 as a result of the ABA–NBA merger. They play their home games at Gainbridge Fieldhouse. The team is named after the state of Indiana's history with the Indianapolis 500's pace cars and with the harness racing industry. The Pacers have won three championships, all in the ABA. The Pacers were NBA Eastern Conference champions in 2000. The team has won nine division titles. Six Hall of Fame players – Reggie Miller, Chris Mullin, Alex English, Mel Daniels, Roger Brown, and George McGinnis – played with the Pacers for multiple seasons. Franchise history 1967–1976: ABA dynasty In early 1967, a group of six investo ...
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National Basketball Association
The National Basketball Association (NBA) is a professional basketball sports league, league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United States and Canada. It is the premier men's professional basketball league in the world. The league was founded in New York City on June 6, 1946, as the Basketball Association of America (BAA). It changed its name to the National Basketball Association on August 3, 1949, after merging with the competing National Basketball League (United States), National Basketball League (NBL). In 1976, the NBA and the American Basketball Association (ABA) ABA–NBA merger, merged, adding four franchises to the NBA. The NBA's regular season runs from October to April, with each team playing 82 games. The league's NBA playoffs, playoff tournament extends into June. , NBA players are the world's best paid athletes by average annual salary per p ...
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Economy Of Indiana
The economy of the state of Indiana is reflected in its gross state product in 2017 of US$359 billion and per capita income of $44,165. A high percentage of Indiana's income is from manufacturing. Indiana has been the largest steel producing state in the U.S. since 1975, with the Calumet Region of northwest Indiana being the largest single steel producing area in the U.S., accounting for 27% of all U.S. steel production. Indiana is also the 2nd largest auto manufacturing state. Indiana's other manufactures include pharmaceuticals and medical devices, automobiles, electrical equipment, transportation equipment, chemical products, rubber, petroleum and coal products, and factory machinery. History Indiana's earliest economy revolved around trade with the Native American tribes in the northern and central parts of the state, which were connected by rivers to the Great Lakes, and ultimately the Atlantic. The state government established a trading monopoly with the tribes who beca ...
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