Regional Review: Globalization Is Vital Part of Midwest States’ Economies

Mali R. Schantz-Feld (Location USA / April 2013)

States in the Midwest are taking an active part to build their own destiny. While manufacturing has always been a part of the region’s history,diversification has spurred growth in the tourism, business services, and finance sectors as well. More

The States Leading the U.S. Manufacturing Resurgence

Mark Crawford (Q1 / Winter 2013)

Exhibiting know-how and innovation, U.S. manufacturers are adding to their payrolls and economic growth across the nation. We have identified 19 states where manufacturing is leading the way... More

Powerful Trends: Public Power Utilities Meet the Reliability, Cost, And Service Needs Of Demanding Customers

Steve Stackhouse (Q1 / Winter 2013)

By offering great rates, reliable service, energy-efficiency measures, and attentive service, public power companies are creating a win-win situation for their customers as well as the communities they serve. More

Regional Supply Chains: A Win for OEMs and Their Locations

Clare Goldsberry (Q1 / Winter 2013)

Regional sourcing is helping manufacturers save time and money; with that in mind, savvy suppliers are moving closer to the end users of their products. More

Federal and State Legislative Moves to Boost Competitiveness & Business Climate

Jason Hickey, President, Hickey & Associates, LLC (Q1 / Winter 2013)

Understanding the competitive economic climate across the United States, Congress and state legislatures continue to propose new legislation to compete in today’s economic environment. More

Highway Accessibility: An On-Ramp to Success

(November 2012)

Area Development’s 26th annual survey of corporate executives (published Winter 2012) found that highway accessibility topped the list of individual site selection factors, with 93.8 percent of those surveyed ranking this factor as “very important” or “important.” Here is an analysis of its importance… More

Right-to-Work/Low-Union-Profile States: Making or Breaking a Deal

Beth Mattson-Teig (November 2012)

Low-union and right-to-work (RTW) status may not rank at the top of the list when it comes to site selection criteria, but those factors certainly carry considerable weight in the overall decision-making process for many manufacturers. Choosing a state with a low-union profile or locating in a RTW state only ranked 10th and 12th respectively among a list of 26 different site selection factors, according to Area Development’s 26th Annual Corporate Survey. More

Indiana, The Nation's Newest Right-to-Work State, Ranked Eighth Among the Top States for Doing Business

Area Development Magazine Special Presentation (Fall 2012)

Indiana ranked eighth overall among the Top States for Doing Business. The state tied for a number- one ranking for its rail and highway accessibility. It also scored in the top five in several other categories including tying for third among states that are leading in the economic recovery. More

INDIANA at a glance

POPULATION: 6,516,922 (2011)

LABOR FORCE: 3,188,260 (2011)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Agriculture, steel, automotive, life sciences, wood and wood products, electronics, plastics, food processing

EXPANDING INDUSTRIES: Life sciences, advanced manufacturing, distribution and logistics, information technology, telecommunications, hybrid vehicles, alternative energy/wind power, national security, motorsports

COLLEGE GRADUATES: Age 25 and over): 22.7%

BASIC BUSINESS TAXES:
Corporate Adjusted Gross Income Tax: 8 percent (fouryear phased reduction to 6.5 percent began on July 1, 2012)

Individual Income Tax: Flat rate of 3.4 percent covers most business types as well as individuals.

Sales and Use Tax: 7 percent Property Tax: Real estate and personal property are assessed at 100 percent of true value; rates vary locally; business property taxes capped at 3 percent of assessed value

BUSINESS INCENTIVES:
21st Century Research and Technology Fund

Economic Development for a Growing Economy (EDGE) tax credits

Headquarters Relocation Tax Credit

Hoosier Business Investment Tax Credit

Industrial Development Grant Fund

Industrial Recovery Tax Credit

Patent-Derived Income Exemption

Property tax abatement

Research and Development Tax Credit

Skills Enhancement Fund

State and local financing programs

Tax increment financing