Page 53 - FDI Alliance International Magazine. Winter 2020 Digital Interactive Issue.

HUNTINGTON COUNTY
GOVERNOR WELCOME TO

ERIC HOLCOMB INDIANA OFFERS A WORLD CLASS
WORKFORCE WITH EXCELLENT

SITE LOCATIONS ALL OF WHICH

CREATE ROI FOR THE INVESTORS.

Indiana is known as the Hoosier State and is Many pharmaceutical research companies The Data Center Gross Retail and Use Tax FDI ALLIANCE
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 exemption on the purchases of qualifying
Michigan, Ohio, Kentucky and Illinois. The state’s largest corporation. A worldwide data center equipment and energy to
Governor is Eric Holcomb and the capital headquarters of Mead Johnson Nutritionals operators of a qualified data center. This
city is Indianapolis. This is also the largest is also located in the Evansville area. cannot exceed 25 years for data center
city in the state. investments of less than $750 million. WORKFORCE • LOCATION • VALUE
Transportation is provided by air, land and
Known for its auto racing, Indianapolis host water. Being ranked #1 as the leader in The Economic Development for Growing
the Indianapolis 500 race over Memorial pass-through interstates and highways. They Economy Tax Credit provides incentives
Day weekend every year. The name of are the #2 FedEx air hub in the world and to businesses to support job creation.
the race is usually shortened to the “Indy #3 in total freight railroads. While ranking This also supports capital investment and
500” and is held at the Indianapolis Motor #4 in rail tons of food products, #5 in Class then provement of the standard of living
Speedway. Such an event, brings many I railroads and lastly #6 in being the largest for Indiana residents. The refundable
tourist to the area. Attendees visiting bring cargo airport. coorporate income tax credit is calculated
revenue to communities. This creates jobs as a percentage of the expected increased
and enhances the local economy while In order to promote growth, profits and tax withholdings generated from new jobs
improving the quality of life for residents. innovation the state offers many business that can be created.
tax 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 corporate income tax is decreasing from Investment Tax Credit, the Industrial
exports include motor vehicles and auto 6.5% to 4.9% by 2021. Development Grant Fund, Research and
parts, industrial machinery, optical in Development, a Workforce training Grant,
medical equipment, electrical machinery The Community Revitalization Enhancement Venture Capital Investment Tax Credit and a 2019 RIVERFORK INDUSTRIAL AERIAL VIEW MARKLE INTERSTATE 69 AT
and pharmaceutical products. District Tax Credit, which provides an Redevelopment Tax Credit to name a few. PARK WEST INDUSTRIAL PARK EXIT 278
Indiana is located in the Corn Belt region incentive for investment in community
of the Midwestern United States. This area revitalization enhancement districts. With Creating new opportunities for businesses
has dominated corn production and is this program, the credit amount is equal to through lowering business taxes, incentives MARK WICKERSHAM
dominated by farming and agriculture. The the amount of qualified investment made and grants, economic strength and growth. Executive Director,
state grows corn used as feed for cattle and by the taxpayer during the taxable year and Indiana is the state ideal for such industries
hogs. Dairy, egg production and horticulture multiplied by 25%. This credit is applied as manufacturing, aerospace and aviation, Huntington County Economic Development
are popular as well. Other crops include against the taxpayer’s state or local tax agriculture, cyber security, energy, life
grapes, mint, melons, popping corn, liability and may be carried forward to the sciences, logistics and transportation and Address: 8 West Market Street, Huntington, IN 46750
tomatoes and tobacco. following taxable years. technology.
Office: 260-356-5688 | Cellular: 260-388-3939
Email: mark@hcued.com | Website: www.hcued.com

53. FDI ALLIANCE INTERNATIONAL