Indiana

State Profile

Indiana’s pro-business climate, low taxes and central location make it one of the most attractive locations on the map to develop, manufacture and deliver products and services globally. Our pro-business environment makes it no surprise that the Hoosier state has become a magnet for job growth and new business investment.

COMPETITIVE CLIMATE
Known as the “Crossroads of America” and located in the heart of the mid-west, Indiana is at the junction of innovation and ability. Moreover, it has positioned itself as a low cost, high-efficiency destination for firms looking to invest in the US. Indiana’s competitive business tax structure includes a flat 7 per cent corporate income tax on adjusted gross income that will incrementally decrease to 4.9 per cent by 2021, no gross receipts tax or inventory tax and one of the lowest workers’ compensation rates in the country. Indiana also recently cut property taxes by one-third and capped taxes on all classes of property.

• Indiana ranks 1st in the mid-west and 6th in the nation in Chief Executive magazine’s annual “Best & Worst States” survey (May 2014)
• Indiana ranks 1st in the mid-west and 5th in the nation in Business Facilities magazine’s 10th Annual Rankings Report, “Best Business Climate” (August 2014)
• Indiana ranks 1st in the mid-west and 10th nationally in the Tax Foundation’s 2014 “Business Tax Climate Index” (October 2013)
• Indiana is one of 9 states that now have triple-A credit ratings from all 3 agencies (Standard & Poor’s, Fitch and Moody’s)
• Indiana offers a full range of tax credits and incentives for relocating or expanding companies, including a refundable tax credit programme to companies that will create jobs and contribute to the state’s growth

INVESTMENT LEADER
Indiana is reaping the benefits of its business-friendly environment, evidenced by large investment totals from foreign companies. The top five international investors in Indiana are the UK, Japan, Germany, Canada and Italy with the UK investing and employing more than other European partners. Indiana ranks among the top six states for UK investment with nearly 29,000 Indiana residents employed by more than 80 British firms. UK companies based in Indiana include, with many others, Rolls-Royce, BAE Systems, Rexam, Bodycote, Tate & Lyle, Undersea Sensor Systems and GKN.

WORLD-CLASS LOGISTICS
Indiana is a centrally located leader in distribution and logistics and offers companies a strong competitive advantage when it comes to reaching North American and global markets. It has more intersecting interstates than any other state, the world’s second-largest FedEx hub and three international ports – each a foreign trade zone.

Indiana’s economic climate, low business costs and world class logistics infrastructure are key factors in any successful business venture. Indiana’s efforts to improve these assets helps create a pro-business environment that nurtures ideas and companies from R&D to ROI and makes it one of the top international locations to grow a business.

Further Information

For further information, contact

Salena Lee
Indiana Economic Development Corporation
1 North Capitol Street
Suite 700
Indianapolis, IN 46204

Tel: +1 317-232-8845
Email: SLEE@iedc.in.gov
Website: www.iedc.in.gov

Read More
30