Table of Contents Table of Contents
Previous Page  13 / 74 Next Page
Information
Show Menu
Previous Page 13 / 74 Next Page
Page Background

July/August 2017 – BizVoice/Indiana Chamber

13

workforce, improving our per capita income rank will be difficult and

reaching our three postsecondary attainment goals impossible.

Companies are not able to meet their talent needs, negatively

impacting their job and growth prospects. Talent is the number one

factor in ultimate individual, business, community and state success.

Indiana has much work left to do.

Attractive Business Climate

As we’ve noted in previous Report Cards (2013 and 2015), this is

Indiana’s leading area of strength as a result of previous dedicated efforts.

The driver is a diverse one. A few highlights:

• The numbers tell us government spending is generally kept under

control. What they don’t reveal is the inefficiencies that result from

too many local units – townships and school districts being the

primary examples.

• Indiana’s regulatory and legal climates rate highly – both statistically

and in practical application.

• The state’s tax climate is highly regarded in most areas, although

existence of the business personal property tax remains a black

mark. A new metric (business taxes per share of government

expenditures benefitting businesses) shows Indiana companies paying

$1.20 for every $1.00 received in services.

The biggest concerns are in the health care metrics. The eternal

optimist will point to a decrease in Indiana’s adult smoking rate – from

more than 25% earlier this decade to 20.6% in the latest numbers – and

a six-state improvement in obesity rates. But nearly a third of adults

still being obese and that state rank of 36th are nothing to celebrate.

The unhealthy lifestyle choices have led to tragic outcomes – high

cancer and diabetes rates to name a few – for years. Recently,

Hoosiers in growing numbers in both urban and rural locations have

succumbed to a deadly opioid epidemic with widespread impacts on

families, communities and businesses. Addictive behaviors are a

common theme connecting smoking and use of stronger drugs.

The workforce survey results shed some additional light, with

employers reporting an increasing difficulty in finding job candidates

who can pass a drug screening test. While 56% drug test employees

DYNAMIC & CREATIVE CULTURE

Achieve a "Top 12" ranking among all patents per worker

Utility Patents

(Patents per 100,000 workers)

Indiana, 2009-2015

2009

2011

2013

2015

State Ranking (1 = best)

50

43

36

29

22

15

8

1

1. California . . . . . . . .246.67

2. Washington . . . . . . .204.24

3. Massachusetts. . . . . .197.69

4. Minnesota . . . . . . .158.25

5. Vermont. . . . . . . . .146.88

22. Indiana. . . . . . . 69.10

46. Hawaii. . . . . . . . . 19.91

47. Arkansas. . . . . . . . 19.78

48. West Virginia. . . . . . 18.24

49. Mississippi . . . . . . . 12.38

50. Alaska . . . . . . . . . 12.06

U.S. Average. . . . . . . .101.06

State

Per 100,000 Workers State

Per 100,000 Workers

U.S. Trade and Patent Office; U.S. Bureau of Labor Statistics

Design Patents

(Patents per 100,000 workers)

Ind ana, 2009-2015

2009

2011

2013

2015

State Ranking (1 = best)

50

43

36

29

22

15

8

1

1. Oregon . . . . . . . . . 20.59

2. Washington . . . . . . . 20.56

3. California . . . . . . . . 19.82

4. Wisconsin . . . . . . . . 18.61

5. Colorado . . . . . . . . 16.76

19. Indiana. . . . . . . .8.12

46. North Dakota . . . . . . 2.06

47. Louisiana . . . . . . . . 1.97

48. Alaska . . . . . . . . . . 1.81

49. Wyoming . . . . . . . . 1.42

50. West Virgi ia. . . . . . . 1.01

U.S. Average. . . . . . . . 10.28

State

Per 100,000 Workers State

Per 100,000 Workers

U.S. Trade and Patent Office; U.S. Bureau of Labor Statistics

Achieve "Top 12" ranking among all states in venture capital invested per capita

Venture Capital Invested, Three-Year Rolling Average

(Per worker)

Indiana, 2008-2016

2008-10

2010-12

2012-14

2014-16

State Ranking (1 = best)

50

43

36

29

22

15

8

1

The U.S. median in this measure ($84.64) is informative due to the average

being skewed by results from the top two states. Indiana, nevertheless, continues

to struggle in this area.

1. California . . . . . . $2,506.24

2. Massachusetts. . . . $2,001.65

3. New York . . . . . . . $887.91

4. Utah . . . . . . . . . $739.58

5. Washington . . . . . . $571.86

35. Indiana. . . . . . $39.31

46. West Virginia. . . . . . $8.49

47. Hawaii. . . . . . . . . $7.10

48. Mississippi . . . . . . . $3.83

T49. Alaska . . . . . . . . $0.00

T49. North Dakota . . . . . $0.00

U.S. Average. . . . . . . $536.26

State

VC Dollars State

VC Dollars

PriceWaterhouseCoopers; U.S. Bureau of Labor Statistics

Venture capital, one of 62 metrics in the Report Card, is in need of improvement.

Indiana Vision 2025

INDIANA CHAMBER FOUNDATION

PLOYER WORKFORCE SURVEY

MEETING TALENT NEEDS IS OUR

BIGGEST OR NEXT BIGGEST CHALLENGE

2014

2015

2016

2017

70%

72%

74%

76%

78%

80%

LEFT JOBS UNFILLED DUE TO

UNDER-QUALIFIED APPLICANTS

2014

2015

2016

2017

30%

35%

40%

45%

50%

MEETING TALENT NEEDS IS OUR

BIGGEST OR NEXT BIGGEST CHALLENGE

2014

2015

2016

2017

70%

72%

74%

76%

78%

80%

2014

2015

2016

2017

30%

Key Workforce Survey Findings