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Indiana State Issue

Should Indiana get rid of #farmland to become more tech-company friendly?

Score for this "YES" opinion :
Score is TBD

"Farmland to techland: a tough decision for IN?" Sep 07, 2024

Technology is at the forefront of industry worldwide, primarily in the United States. Tech jobs have been gradually increasing since 2010. The past decade has seen a rise in tech jobs available for thousands. Seattle, Boston, San Diego, San Jose, and San Francisco lead the tech and innovation employment sector.

Smaller cities, such as Indianapolis, have also seen a rise in the availability of tech and innovation jobs. However, Indianapolis’ share in tech jobs remains the same, with just a slight rise in the past decade. 

After evaluating the five big tech hubs based in Indiana and Indianapolis, it is noted that progress is stagnant. This doesn’t mean that the tech sector is not growing in Indiana. On the contrary, many job opportunities in the tech sector have risen. Still, when drawing up a national average, Indianapolis holds just 2.8% of the national market shares of tech and related jobs. 

However, Indianapolis is being targeted to be the next tech hub. The basis for this projection is drawn from the fact that Indiana and Indianapolis provide a low cost of living, a steady and rising rate of qualified applicants locally as well as limited government control. The availability of farmlands available to develop tech infrastructure is also quite lucrative to tech companies. A low tax base also lures tech companies such as Genesys (a San Francisco-based IT company), Interactive Intelligence, and ExactTarget. 

However, the issue remains with the procurement of farmlands for building the infrastructure required to convert Indiana into a full-on tech hub. It helps to know that the United States aims to expand tech more in areas with low taxes and low housing costs for their employees.

This does not include Silicon Valley, Boston, or Seattle. This is where Indiana comes in, as it provides all the required criteria. A study states that running a company employing 500 people would cost around $55 million in California. However, the same company can run with an investment of $32 million in Indianapolis. That is a considerable difference and includes a wide profit margin set up in Indianapolis. 

With the resources and advantages over other targeted areas as tech hubs, Indiana indeed promises a lot more. To convert the area into a tech paradise includes the utilization of farmlands and wastelands. Therefore, to convert Indiana into a booming tech hub, it will be necessary to get rid of farmland to develop the land for tech infrastructure.

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