CEO Guide to Site Selection

Indiana

HOLDING MANUFACTURING MOMENTUM IN THE HOOSIER STATE

The Hoosier State continues to capitalize on the growth in renewable energy. It is home to more than 1,200 wind turbines and the fourth-largest wind farm in the country. The electric vehicle industry is thriving in the state, with a $2.5 billion EV battery manufacturing facility being built in Kokomo. The state has made an effort to bring in international investors, with the governor making more than a dozen trips to foreign lands since taking office, meeting with European companies interested in doing business in the Hoosier State. While agriculture remains a key industry, there’s been more focus on growing the life sciences and advanced manufacturing sectors.

“Obviously, a state like Indiana that provides certainty, stability, continuity and predictability is a very attractive ecosystem for [manufacturers] to grow their operation, and we want them to grow in Indiana, not in the other 49 states or territories.”
Eric J. Holcomb
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Economic Development for a Growing Economy (EDGE): Offers a refundable corporate income tax credit based on the tax withholdings generated from new job creation.

Headquarters Relocation Tax Credit (HRTC): Offers a tax credit of up to 50% of business relocation costs, including capital investment.

Hoosier Business Investment (HBI) Tax Credit: Businesses that create jobs and make capital improvements to a facility may qualify for this nonrefundable tax credit. The maximum credit is 10% of qualified capital investment.

Industrial Development Grant Fund: Offers assistance (reimbursement up to 50%) to municipalities to perform infrastructure improvements and upgrades needed to serve proposed projects.

Skills Enhancement Fund Workforce Training Grant: Offers assistance to support the training and upgrading of skills of employees required to support new capital investments. The grant may be provided to reimburse up to 50% of eligible training costs over a two-year period.

EDCs

Indiana Economic Development Corporation
iedc.in.gov

Indy Chamber
indychamber.com/economic-development

Greater Fort Wayne Inc. Economic Development
greaterfortwayneinc.com/economic-development

Growth Alliance for Greater Evansville
growthallianceevv.com

HIGHLIGHTED PROGRAM OR INITIATIVE

To further grow and diversify the state’s industries, in August 2022, Indiana announced that it would be offering a new Film and Media Tax Credit for television, film, music or digital media productions. The goal is to help forge a robust, competitive and sustainable media and infrastructure in Indiana while attracting new investment and tourism to the state.

BIG DEALS

  • Stellantis and Samsung SDI announced a joint venture in May 2022 to invest more than $2.5 billion to build a new electric vehicle battery manufacturing facility and create 1,400 jobs in Kokomo.
  • SkyWater Technology announced in July 2022 an $1.8 billion semiconductor facility and 750 new jobs in West Lafayette.
  • ZrO Waste Group announced in August 2022 a $42 million plant and 259 new jobs in Mooresville.
  • Fashion retailer SHEIN announced in September 2022 a warehouse expansion and 1,000 new jobs in Whitestown.
  • Diamond Pet Foods announced in September 2022 a $259 million distribution center and 170 new jobs in Rushville.
  • RxLightning announced in October 2022 an expansion of its headquarters and 175 new jobs in New Albany.
  • Bunge announced in October 2022 a $445 million expansion and 70 new jobs in Morristown.

BIG COMPANIES

8 Fortune 500 companies headquartered in state, including:

  • Corteva
  • Eli Lilly
  • Cummins
  • Steel Dynamics
  • Zimmer
  • Biomet
  • Berry Global
  • Thor Industries
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.