Indiana State Profile

Tight budget not lean enough as revenue collections fall below expectations; Governor promises no new taxes, but spending cuts are likely; state possess potential to be hub of renewable energy for wind power, ethanol, biopower, and biogas.

• State job growth fell 5.6% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 9.9% in August 2009; the national average was 9.7%
• Personal income fell 2.1% to $217 billion in Q2 2009 from a year ago.
• Tax revenue fell 9.5% in Q2 2009 from the previous year.
• Exports fell 22.1% to $11.3 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in IN rose 44% to $82.5 million in Q2 2009 from a year ago.