Page 56 - FDI Alliance International Magazine. Spring 2021 Digital Interactive Issue

HUNTINGTON COUNTY

OFFERS A WORLD CLASS

STATE OF GOVERNOR WORKFORCE WITH EXCELLENT

INDIANA ERIC HOLCOMB SITE LOCATIONS ALL OF WHICH

CREATE ROI FOR THE INVESTORS. FDI ALLIANCE

Indiana is known as the Hoosier State and is Many pharmaceutical research companies The Data Center Gross Retail and Use Tax WORKFORCE • LOCATION • VALUE
located in the Midwestern area of the United States. are headquartered in Indiana. The company Exemption provides a sales and use tax exemption
It borders Lake Michigan, the states of Michigan, Eli Lilly located in Indianapolis is the state’s on the purchases of qualifying data center
Ohio, Kentucky and Illinois. The Governor is Eric largest corporation. A worldwide headquarters equipment and energy to operators of a qualified
Holcomb and the capital city is Indianapolis. This is of Mead Johnson Nutritionals is also located in data center. This cannot exceed 25 years for data
also the largest city in the state. the Evansville area. center investments of less than $750 million.

Known for its auto racing, Indianapolis host Transportation is provided by air, land and The Economic Development for Growing
the Indianapolis 500 race over Memorial Day water. Being ranked #1 as the leader in pass- Economy Tax Credit provides incentives to
weekend every year. The name of the race is through interstates and highways. They are the businesses to support job creation. This also
usually shortened to the “Indy 500” and is held #2 FedEx air hub in the world and #3 in total supports capital investment and then provement
at the Indianapolis Motor Speedway. Such an freight railroads. While ranking #4 in rail tons of the standard of living for Indiana residents.
event, brings many tourist to the area. Attendees of food products, #5 in Class I railroads and The refundable coorporate income tax credit
visiting bring revenue to communities. This lastly #6 in being the largest cargo airport. is calculated as a percentage of the expected
creates jobs and enhances the local economy increased tax withholdings generated from new
while improving the quality of life for residents. In order to promote growth, profits and innovation jobs that can be created.
the state offers many business tax incentives and
Manufacturing is a big business in Indiana. corporate tax credits. They also offer economic Other incentives include, the Headquarters
A very high percentage of Indiana’s income development programs for companies creating Relocation Tax Credit, the Hoosier Business
comes from manufacturing. The leading exports new jobs. Indiana’s corporate income tax is Investment Tax Credit, the Industrial Development 2019 RIVERFORK INDUSTRIAL AERIAL VIEW MARKLE INTERSTATE 69 AT
include motor vehicles and auto parts, industrial decreasing from 6.5% to 4.9% by 2021. Grant Fund, Research and Development, a
machinery, optical in medical equipment, electrical Workforce training Grant, Venture Capital PARK WEST INDUSTRIAL PARK EXIT 278
machinery and pharmaceutical products. The Community Revitalization Enhancement Investment Tax Credit and a Redevelopment
District Tax Credit, which provides an incentive Tax Credit to name a few.
Indiana is located in the Corn Belt region of for investment in community revitalization MARK WICKERSHAM
the Midwestern United States. This area has enhancement districts. With this program, Creating new opportunities for businesses through Executive Director,
dominated corn production and is dominated the credit amount is equal to the amount of lowering business taxes, incentives and grants, Huntington County Economic Development
by farming and agriculture. The state grows qualified investment made by the taxpayer economic strength and growth. Indiana is the
corn used as feed for cattle and hogs. Dairy, during the taxable year and multiplied by 25%. state ideal for such industries as manufacturing,
egg production and horticulture are popular as This credit is applied against the taxpayer’s state aerospace and aviation, agriculture, cyber security, Address: 8 West Market Street, Huntington, IN 46750
well. Other crops include grapes, mint, melons, or local tax liability and may be carried forward energy, life sciences, logistics and transportation Office: 260-356-5688 | Cellular: 260-388-3939
popping corn, tomatoes and tobacco. to the following taxable years. and technology.
Email: mark@hcued.com | Website: www.hcued.com

56. FDI ALLIANCE INTERNATIONAL