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Expand or Relocate to Indiana
      

Indiana Business Data

Relocate or Expand to Indiana

IN business climate, manufacturer incentives, and advantages of local communities

Business Data for Indiana


Population
6,423,113

Total Labor Force
3,369,739

Unemployment Rate
5.0%

# Manufacturers
8,955

Manufacturing Jobs
564,333

Right to Work
Yes

Unemp. Insurance Tax
0.5–7.4%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
Currently 8.5%. Scheduled to be reduced to 6.5% by 2015 through 0.05% yearly reductions.

Sales Tax
7%. Exemptions include: Raw materials, equipment, power, electricity and utilities used in manufacturing; purchases of research and development equipment.

Property Tax
Assessed at market value and vary by local jurisdictions. Generally are capped at 3% for business property.

Leading Mfg. Industries
(by # of employees)
17% Transportation equipment
13% Industrial machinery and equipment
10% Fabricated metal products
9% Primary metal industries
8% Rubber and miscellaneous plastic products

Largest Mfg. Employers
(by # of employees)
Eli Lilly & Co. (Indianapolis) - 10,157
Toyota Motor Manufacturing, Indiana (Princeton) - 6,100
Drew Industries Incorporated (Elkhart) - 5,600
ArcelorMittal USA, LLC (East Chicago) - 5,020
Naval Surface Warfare Center, Crane Div. (Crane) - 5,000
 
Counties with the Most Mfg. Jobs
Marion - 81,846
Elkhart - 61,103
Allen - 33,331
Lake - 28,133
St. Joseph - 20,711

Cities with the Most Mfg. Jobs
Indianapolis - 80,943
Elkhart - 32,468
Fort Wayne - 29,109
Evansville - 17,442
Columbus - 16,328

Mfg. Related Business Incentives
• No gross receipts tax; no inventory tax
• Hoosier Business Investment (HBI) Tax Credit
• Industrial Recovery Tax Credit
• Headquarters Relocation Tax Credit
• Venture Capital Investment (VCI) Tax Credit
• R & D Tax Credit
• Patent Income Exemption
• Economic Development for a Growing Economy (EDGE) Tax Credit program
• Skills Enhancement Fund (SEF)
• Industrial Development Grant Fund
• Indiana 21st Century Research and Technology Fund
• Matching Indiana Phase 1 Grants from the Indiana Economic Development Corporation (IDEC)

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Indiana

Knox, IN
Terre Haute, IN
Global Success Starts Here
Fort Wayne, IN
Huntington, IN
A nonprofit organization created by the business community in 1997, providing businesses with start-up, expansion, relocation, incentives & workforce development services
Fishers, IN
Property Tax Reduction, Compliance and Economic Incentive Services
Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Machinery Movers & Riggers-Heavy Haulers-Installers-Millwrights
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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