Bureau of Mines / Minerals yearbook: Area reports: domestic 1978-79
Year 1978-79, Volume 2 (1978-1979)
Hill, James J.; Prosser, L. J., Jr.
Indiana, pp. 189-200 PDF (1.2 MB)
U) cc -J -J 0 0 z 0 -J -J ~TAL I I I I I I 1985 192 MINERALS YEARBOOK, 1978-79 600 400 200 — 1977 1980 Figure 1.—Total value of nonfuel mineral production in Indiana. berths of steel companies that abut the port on both the east and west. Mount Vernon's new Ohio River port, the Southwind Maritime Center, was dedicated in 1979 and has provided a financial boost to southern Indiana's economy. Another Ohio River port, the Clark Maritime Center, was scheduled for construction near Jeffersonville. A permit to start work was issued by the U.S. Army Corps of Engineers in 1979. Along with an extensive transportation network, Indiana's tax structure provides a favorable climate for economic growth. The State excludes business inventories from the personal property tax, and does not have a sales tax on industrial machinery. According to the Indiana Department of Commerce, the State gained about 1,500 companies during 1974-78, which resulted in a total investment of $6.2 billion and the creation of about 47,000 jobs. Foreign investors also contributed significantly to Indiana's economy in bOth dollars and jobs. There were 47 firms with at least 10% foreign ownership in mid-1976. By June 1977, there were 54 such firms, employing 12,500 people. During 1978, nearly 21,000 people were employed by foreign-owned companies, with a combined annual payroll totaling nearly $300 million. Legislation and Government Programs.—During 1978-79, the Indiana Legislature enacted several laws that relate to the mineral industry; two of these laws are listed below: Public Law 13 required the purchase of domestic steel for all public works projects in Indiana, except when the domestic steel price exceeds the foreign price by 15%, or when there is an insufficient quantity of domestic steel to meet the requirements of a public works contract. Public Law 159 empowered the Department of Natural Resources to enforce provisions of the Federal Surface Mining Control and Reclamation Act of 1977 and established performance standards. Other State legislation established and revised air pollution control standards and monitoring procedures, amended standards concerning occupational exposure to lead
http://rightsstatements.org/vocab/NoC-US/1.0/| As a work of the United States government, this material is in the public domain.| For information on re-use see: http://digital.library.wisc.edu/1711.dl/Copyright