Indiana Business Facts

STATE BUSINESS RANKINGS

-> #1   in the Midwest and #5 nationally. (Chief Executive Best & Worst States 2017)

-> #1   Regulatory Environment (Forbes 2017)

-> A+ rating for small business friendliness (Thumbtack 2017)

PRO-GROWTH BUSINESS CLIMATE

-> Affordable

• Corporate tax cuts - 5.75% (4.9% by 2021)
• Individual tax cuts - 3.23% (down from 3.4% in 2014)
• No inventory or inheritance tax
• $100=$110.74 in Indiana, according to The Bureau of Economic Analysis

-> Reducing Administrative Burdens

• HEA 1157 - Reduce duplicate requirements to support small businesses 

-> Right-To-Work - 23rd nationally to enact a right-to-work law
 

CROSSROADS OF AMERICA

-> Next Level Roads: $1.2B/year in new funding by 2024 for transportation infrastructure

-> Next Level Connections: $1B new investment in infrastructure projects

-> Next Level Trails: $90M to expand Indiana's network of hiking, biking, and riding trails

-> Increasing direct and international flights for airports statewide

So far in 2019, businesses have committed to creating 1,067 new Hoosier jobs and investing $300 million in their Indiana operations in the coming years. Of these planned jobs, the average wage is $25.93/hour, which is nearly 16% higher than the state's average wage. 

In 2018, businesses committed to creating 31,112 new jobs with a total investment of $7.38 billion and an average wage of $26.84/hour.

EDUCATION & WORKFORCE

-> Next Level Jobs - Focuses on connecting Hoosiers to high-priority industries & high-demand jobs

-> Governor's Workforce Cabinet - Develop and align plans for workforce programming 

-> You Can. Go. Back. - Increase post-high school education to 60% by 2025

-> Regional Cities Initiative - Attract top talent by improving quality of place

INNOVATION & ENTREPRENEURSHIP

-> Next Level Fund - Cultivate and invest in Indiana's entrepreneurial ecosystem

-> Supporting Small Business

• Indiana SBDC - 98 businesses starts and 297 jobs created so far in 2018
• Indiana PTAC - $4.4M awarded in government contracts so far in 2018