#5 Indiana


#10 in Taxation and Regulation

#4 in Workforce Quality

#17 in Living Environment

Right to Work?

Regional Profile – Midwest

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Illinois
12
12
12
12
Indiana
1
3
2
2
Iowa
4
5
3
4
Kansas
7
6
9
8
Michigan
11
10
10
10
Minnesota
10
11
6
7
Missouri
9
8
11
6
Nebraska
8
4
1
1
North Dakota
6
2
8
11
Ohio
2
7
4
5
South Dakota
5
1
7
9
Wisconsin
3
9
5
3

Key Industries

Avaiation/Areospace, Agribuisiness, Energy, Information Technology, Film, Life Sciences, Logistics, Manufacturing, Motorsports

Key Companies

Cummins

Eli Lilly

Nestle

Raytheon

Republic Airways

Steel Dynamics

Wellpoint

Advantages

Indiana’s corporate tax rate was cut by a half percentage point for the fourth straight year since 2011, from 7 percent to 6.5 percent.

A new contract between the Southwest Indiana Regional Development Authority and the Indiana Economic Development Corp. will open up the region to as much as $42 million in state matched funding for quality of life and talent attraction projects.

Challenges

Both income and population growth are sluggish.

Key Contacts

Indiana Economic Development Corporation

Stephen Akard
Director, International Development
Indiana Economic Development Corporation (IEDC)
One North Capitol. Suite 700
Indianapolis, IN 46204
T: (317) 232-4146
Victor Smith
Secretary of Commerce
Indiana Economic Development Corporation (IEDC)
One North Capitol. Suite 700
Indianapolis, IN 46204
T: 317-234-1359

CEO Comments

“Indiana … has its act together and is impressive.”

“Indiana … [has] consistently ranked in the top 3 in offering not just competitive incentives for business, but also packages that improve the skill sets to hire a qualified, work-ready workforce.”

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No 6: Indiana

No. 6

Indiana

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 8.5%
  • Highest Personal Income Tax Rate: 3.4% of federal adjusted gross income with modification
Workforce Quality
  • % with High School diploma or more: 86.2
  • % with Bachelor’s degree or more: 22.9
  • % with Advanced degree or more: 8.1
  • Patents per 100K: 23.23
  • % of Employed Represented by Unions: 12.2
Quality of Life
  • Hopsitals per 10K: 0.179
  • Elementary/Secondary Schools per 1000 people: 0.292
  • Violent Crimes per 100K: 309.45
Key Companies
  • Eli Lilly and Company
  • Republic Airways Holdings Inc.
  • Wellpoint
  • Steel Dynamics
  • Cummins
  • Nisource
Other Highlights
  • Indiana rose sharply from #16 in 2010 to #6 in 2011 — the state took #11 in 2009
  • Indiana ranks 20th in state debt per capita with $3702

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education