We're already paying. Five billion dollars leaves Indiana every year. Every time you flip a light switch, fill your tank, buy groceries, see a doctor, deposit a paycheck. The money leaves. It doesn't come back.
The question isn't "Can we afford to build the Indiana Century Project?" The question is "Can we afford to keep watching our money leave Indiana?"
This episode is about the funding flywheel. The system that captures value that's already ours and puts it to work for us. Not higher taxes. Not more debt. Capturing value that's already leaving.
The revenue streams:
Truck tolls on out-of-state trucks generate $150-200 million a year from non-Hoosiers. Cannabis revenue captures $300-400 million a year that's currently going to Illinois and Michigan. Host Community Fees from reactors send $10-12 million per year directly to host counties. Federal grants bring our tax dollars back from Washington.
The engine: The Bank of Indiana.
A state owned bank, like North Dakota has had for over a century. State deposits go into our own bank. Two billion dollars to start. Then local governments can deposit their money. Then, eventually, you can deposit yours. That money stays in Indiana. It doesn't fund hedge funds in New York. It gets lent at 3-4% to Hoosier small businesses, farmers, homebuyers, and towns building infrastructure.
The Bank of Indiana doesn't compete with local community banks. It partners with them. Provides liquidity. Shares risk. Offers services at cost. That's the model. Not competing. Completing.
The accumulator: The Indiana Future Fund.
A sovereign wealth fund. Target: $100 billion by 2050. At 5% earnings, that's $5 billion a year. Every year. Forever.
What does $5 billion a year buy? Permanent property tax relief. The Hoosier Birth Grant: $5,000 for every child born in Indiana, invested until age 18, growing to $14,000-17,000. Infrastructure maintenance. Healthcare for people who can't afford it.
Objections:
The Chirinko study (April 2025) says the Bank of North Dakota's success is due to the fracking boom, tax exemption, and risk shifting. We design around that. The Bank of Indiana pays taxes. It gets FDIC insurance. We don't rely on a boom. We create our own.
Featured book: Doughnut Economics by Kate Raworth. Meeting needs. Circulating value. Not endless growth, but thriving communities.
This is how we stop being extracted from and start investing in ourselves.
IndianaCentury.org