Page 41 - FDI Alliance International Magazine Summer 2020 Digital Interactive Issue

GOVERNOR
GOVERNOR
ERIC HOLCOMB
BRIAN KEMP

HUNTINGTON COUNTY

STATE OF OFFERS A WORLD CLASS
WORKFORCE WITH EXCELLENT

INDIANA 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
located in the Midwestern area of the United are headquartered in Indiana. The company Exemption provides a sales and use tax
States. It borders Lake Michigan, the states of Eli Lilly located in Indianapolis is the state’s exemption on the purchases of qualifying data
Michigan, Ohio, Kentucky and Illinois. The largest corporation. A worldwide headquarters center equipment and energy to operators of WORKFORCE • LOCATION • VALUE
Governor is Eric Holcomb and the capital city of Mead Johnson Nutritionals is also located in a qualified data center. This cannot exceed 25
is Indianapolis. This is also the largest city in the the Evansville area. years for data center investments of less than
state. $750 million.
Transportation is provided by air, land and
Known for its auto racing, Indianapolis host water. Being ranked #1 as the leader in pass- The Economic Development for Growing
the Indianapolis 500 race over Memorial Day through interstates and highways. They are the Economy Tax Credit provides incentives to
weekend every year. The name of the race is #2 FedEx air hub in the world and #3 in total businesses to support job creation. This also
usually shortened to the “Indy 500” and is held freight railroads. While ranking #4 in rail tons supports capital investment and then provement
at the Indianapolis Motor Speedway. Such an of food products, #5 in Class I railroads and of the standard of living for Indiana residents.
event, brings many tourist to the area. Attendees lastly #6 in being the largest cargo airport. The refundable coorporate income tax credit
visiting bring revenue to communities. This is calculated as a percentage of the expected
creates jobs and enhances the local economy In order to promote growth, profits and increased tax withholdings generated from new
while improving the quality of life for residents. innovation the state offers many business tax jobs that can be created.
incentives and corporate tax credits. They
Manufacturing is a big business in Indiana. also offer economic development programs Other incentives include, the Headquarters
A very high percentage of Indiana’s income for companies creating new jobs. Indiana’s Relocation Tax Credit, the Hoosier Business
comes from manufacturing. The leading exports corporate income tax is decreasing from 6.5% Investment Tax Credit, the Industrial Development
include motor vehicles and auto parts, industrial to 4.9% by 2021. Grant Fund, Research and Development, a 2019 RIVERFORK INDUSTRIAL AERIAL VIEW MARKLE INTERSTATE 69 AT
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
dominated corn production and is dominated the credit amount is equal to the amount of through lowering business taxes, incentives Executive Director,
by farming and agriculture. The state grows qualified investment made by the taxpayer and grants, economic strength and growth. Huntington County Economic Development
corn used as feed for cattle and hogs. Dairy, during the taxable year and multiplied by 25%. Indiana is the state ideal for such industries
egg production and horticulture are popular as This credit is applied against the taxpayer’s state as manufacturing, aerospace and aviation, Address: 8 West Market Street, Huntington, IN 46750
well. Other crops include grapes, mint, melons, or local tax liability and may be carried forward agriculture, cyber security, energy, life sciences,
popping corn, tomatoes and tobacco. to the following taxable years. logistics and transportation and technology. Office: 260-356-5688 | Cellular: 260-388-3939

Email: mark@hcued.com | Website: www.hcued.com

41. FDI ALLIANCE INTERNATIONAL