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Inward Investment Guides

Improving the Commute - and Economic Development - With BRT

Tom Ewing, Staff Editor, Area Development (Q2 2016)
Bus Rapid Transit (BRT) offers communities many advantages, but systems across the nation have met with varied measures of success. More

Global Companies Partnering with U.S. Universities

Dave Claborn , Director of Development and Community Relations, Ohio State University, Marion (Location USA 2016)
Hundreds of U.S. universities are collaborating with global companies to help them bring innovative ideas to the American marketplace. More

U.S. Legislative, Incentives, & Economic Development Policies Update

Jason Hickey, President, Hickey & Associates, LLC (Q1 2016)
Growing companies need to be aware of the many changes states are making to their incentives policies. More

Regional Report: Industrial Diversification Helps Midwest Meet Today’s Economic Challenges

Dale D. Buss, Staff Editor, Area Development (Directory 2016)
The largely Midwest-based automotive is humming along to record sales and hauling hundreds of companies in the region along with it while technology companies have begun to warm up to the talent and work ethic that resides in America’s heartland. More

A Win-Win for Veterans & Companies Requiring Skilled Workers

Dan Emerson (Workforce Q4 2015)
Government and corporate initiatives are helping companies to utilize the skills of returning veterans to fill their need for qualified workers. More

Critical Site Selection Factor #7: Right-To-Work State Often the First Factor in the Location Decision

Steve Stackhouse-Kaelble (Q4 2015)
Manufacturers often will not consider a state that’s non–right-to-work, but today that rules out about half the country. More

Georgia Once Again Leads the 2015 Top States for Doing Business

Mark Crawford (Q3 2015)
An attractive business environment, quality labor pool, and well developed infrastructure are among the shared advantages of those states ranked by the location consultants as the top choices for business. More

Leading Locations for 2015: Creating a Track Record of Economic Success, Denver-Aurora-Broomfield Ranks First

Area Development Special Presentation (Q2 2015)
Area Development analyzed economic and workforce data for 373 MSAs to determine which U.S. cities are creating jobs and nurturing sustainable economic development. The results of the Leading Locations 2015 study clearly reflect the strength of the western half of the United States: eight of the top-10 MSAs are in the West — three in Colorado, two in California, two in Texas, and one in Washington State. More

INDIANA at a glance

POPULATION: 6,537,334 (2012 Annual Estimate, US Census)

LABOR FORCE: 3,149,743 (2012 Annual Average BLS)

RIGHT TO WORK: Yes

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

EXPANDING INDUSTRIES: Aerospace, life sciences, advanced manufacturing, automotive, distribution and logistics, information technology, national security and defense, motorsports health care services, entrepreneurship and innovation, insurance and financial services

COLLEGE GRADUATES: (Age 25 and over): 23.4% (ACS 2012 estimates)

BASIC BUSINESS TAXES:
Corporate Adjusted Gross Income Tax: 7 percent in 2014 and declining to 6.5 percent in 2015

Individual Income Tax: Flat rate of 3.4 percent covers most 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

Community Revitalization and Enhancement District Tax credit

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

Research and Development Tax Credit

Skills Enhancement Fund

State and local financing programs, including real and personal property tax abatement and tax increment financing

Venture Capital Investment Tax Credit

Principal Manufacturing industries

  • Transportation Equipment
    23.0%
  • Fabricated Metal Products
    11.0%
  • Primary Metal Industries
    8.5%
  • Machinery
    8.2%
  • Food Mfg.
    7.1%
  • Rubber & Plastic Products
    6.6%
  • Furniture & Related Products
    6.1%
  • Chemicals
    5.5%
  • Computer & Elecronic Products
    3.3%
  • Printing
    2.9%
  • Other Manufacturing Industries
    17.8%