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.
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 6.5% corporate income tax on adjusted gross income that will incrementally decrease to 4.9% 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 2015)
- Indiana ranks 1st for Cost of Doing Business in CNBC’s “America’s Top States for Business 2015” (June 2015)
- Indiana ranks 1st in the mid-west and 4th in the nation in Business Facilities magazine’s 11th Annual Rankings Report, “Best Business Climate” (August 2015)
- Indiana ranks 1st in the mid-west and 8th nationally in the Tax Foundation’s 2015 “Business Tax Climate Index” (October 2014)
- Indiana ranks 2nd in Regulatory Environment and 8th nationally for Best State for Business in Forbes annual “Best States for Business” listing (October 2015)
- Since 2010, Indiana has maintained a triple-A credit rating 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
Indiana is reaping the benefits of its business-friendly environment, evidenced by large investment totals from foreign companies. During 2012-2014, Indiana totalled $4.6 billion in international investment with 13,300 new jobs from international investors. The top five international investors in Indiana are the UK, Japan, Germany, Canada and Italy. UK companies based in Indiana include, with many others, Rolls-Royce, BAE Systems, Rexam, Bodycote, Tate & Lyle, Logicalis, Undersea Sensor Systems and GKN.
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.