We desire to have an 8.5" x 11" informational piece that will give information about the advantages of doing business in Indiana. Below are some facts and figures that may be included. Any graphics or other visual elements that can be used to add visual appeal would be appreciated. Maps showing where Hoosier Energy is, and where Indiana is, would be useful.
The Hoosier Energy Economic Development Rider offers a five year incentive for growing businesses, featuring a 20% first year reduction in electricity costs! Over five years, the average reduction in electricity costs is 12.5% annually. And the Hoosier EDR may be applied in addition to other state and local incentives. Plus, the EDR has flexible terms to qualify: 1) 25 new employees, 2) $8 million in new investment, or 3) 10 new employees with $1 million in new investment.
Indiana Logistics Tax Credit is now available through the Indiana Economic Development Corporation. The Hoosier Business Investor Tax Credit for Logistics is a non-refundable corporate income tax credit equal to up to 25% of eligible logistics investments. Highway, warehousing, port, and rail investments are eligible for consideration.
Indiana’s Workers Comp Insurance rates are the second lowest in the nation, providing a substantial reduction in business costs for companies that operate in Indiana. An index of the cumulative rates from all 32 WC rate categories has the following results:
Indiana 88.28 80.23
Illinois 337.74 316.34
KY 196.02 182.83
Michigan 199.2 180.335
Missouri 239.78 234.23
Ohio 175.6525 158.9082
Tennessee N/A 166.34
Wisconsin N/A 193.9
N. Carolina N/A 249.98
Alabama N/A 309.75
Georgia N/A 363.06
S. Carolina N/A 217.15
Recent rankings of note regarding Indiana’s business environment:
• Indiana is ranked as having the second best regulatory environment in the nation, according to Forbes Magazine
• Indiana has the best business climate in the Midwest, according to Business Facilities magazine, and 5th best in the nation
• Indiana is best in the Midwest and 10th nationally for low taxes, according to the Tax Foundation
• Indiana is one of 11 states with a AAA bond rating from all three credit rating agencies, and currently has a $2 billion surplus