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Indiana...
rich in fertile land as well as natural resources, the backbone of Indiana’s
economy has always been manufacturing and agriculture. Northwestern Indiana
produces more steel than any other industrial region in the United States. Corn
and soybeans are the most common agricultural products, and the state also
supports a thriving hog and cattle industry.
In the 1980’s, the movement of jobs out of the Rust Belt affected the state's
economy severely. Unemployment rates were amongst the highest in the nation. Other
industries took the place of manufacturing jobs. Indiana is now a pharmaceutical
powerhouse. The state ranks fifth in the shipment and sale of pharmaceutical
products and second in bio pharmaceutical related jobs out of all of the
states.
Indiana is attractive to companies for a number of reasons. First, the state’s
worker population will work for less wages because the cost of living in the state
is lower than in other parts of the country. Second, the labor force is high
skilled which reduces training costs for companies that wish to relocate. These
factors contributed to the state being named the best place to do business in the
Midwest by CEO Magazine.
Additional information can be found
regarding Indiana's economy and key employers by visiting Wikipedia: Indiana Economy.
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