Mar 26, 2026
On March 17, Indiana Gov. Mike Braun revealed a new tax credit initiative aimed at creating 100,000 high-wage agriculture and life sciences jobs over the next decade, with the Indiana Economic Development Corporation (IEDC) committing $1 billion in tax credits toward those jobs. The initiative stems from an executive order from Braun last year directing Indiana’s 15 economic regions to submit formal growth plans to boost economies, per capita income, and educational attainment. To qualify for the credit, jobs will have to pay 125% of a county’s median annual wage.
As part of his 2025-2026 Chair’s Initiative, “Reigniting the American Dream,” Oklahoma Gov. Kevin Stitt, the National Governors Association chair, seeks to build upon his Executive Order (2026-04), which he issued earlier this year. The EO is aimed at removing obstacles for entrepreneurs to start and grow businesses in Oklahoma and provides a framework that other states can model.
Pennsylvania Gov. Josh Shapiro recently announced the commonwealth secured a $450 million investment from nuclear science company TerraPower Isotopes to establish a radioisotope manufacturing facility in Philadelphia that supports the development of cancer-fighting drugs. The state also will invest $10 million to support this project, which is expected to create 225 new full-time jobs over the next three years.
Washington State lawmakers made state history earlier this month with their session-ending passage of a millionaire’s tax. The measure creates the first income tax in the state’s history, by imposing a 9.9% tax on personal income above $1 million annually—affecting roughly 21,000 filers, or less than 1% of Washington’s population, and is projected to generate $3.5 to $4 billion per year once it takes effect in 2029. While Gov. Bob Ferguson is expected to sign the measure, it is also expected to generate legal and voter challenges. Washington is one of nine states with no income tax.