Indiana

STARTING A BUSINESS IN INDIANA

Region: Indiana

Capital City: Indianapolis

State Governor: Eric Holcomb

Principal Cities: Evansville, South Bend, Gary, Hammond, Bloomington, Muncie, Fishers, Lafayette, Carmel, Anderson, Terre Haute

Welcome to Indiana - Where Innovation and Business go further

Indiana’s economy is bright and getting brighter. We will build on a remarkable foundation of nearly two decades of balanced budgets, strong fiscal navigation and an impeccable credit rating. Our strength and stability drive our strategy and accelerate us toward the economy of the future and next-generation industries. We will continue to support our entrepreneurs and small businesses while planning for a transition that will impact everything from our sources of energy to the way we live, work, play and study.

It’s time to confront the challenges the world is facing across a wide range of industry sectors. We need to address them with a pragmatic approach to ensure healthy, thriving communities, individuals and families.

With our robust workforce, infrastructure and technology, Indiana is the fast-paced, research-forward innovation hub that can help companies solve these challenges.

As host to hundreds of branches of internationally based companies, Indiana is a nexus to the world’s most forward-thinking business minds. Starting an LLC in Indiana will help your business thrive.

Why start a Business in Indiana?

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  • As host to over a thousand branches of internationally based companies, Indiana is a nexus to the world’s most forward-thinking business minds.
    → 1,050+ foreign-based Businesses

 

  • Bring your biggest, most ambitious ideas to life with the resources and expertise available in Indiana to play a defining role in the world’s future.
    Indiana is home to the highest percentage of private sector jobs from foreign-owned firms in the Midwest.

 

 

Indiana boasts a skilled workforce with experience in manufacturing between university graduates and current workers. With almost 20% of Hoosiers working in advanced manufacturing (well above the national percentage), companies can draw from a vast talent pipeline.


First-Class Engineering Education
Home to 36,000 engineers and 24 engineering schools, the state boasts the fourth highest concentration of industrial engineers in the country and many of the nation’s top aeronautics programs.

Although Indiana has a skilled advanced manufacturing workforce, automation and new technologies will necessitate reskilling or upskilling — and the state already offers training initiatives like Next Level Jobs, which has, for example, an advanced manufacturing track dedicated to automation and robotics technology.

Financial Benefits
Indiana’s corporate income tax rate of 4.9%, mean hourly wage of $23.57 and cost of living index at 95.3 are more competitive than peer states (e.g., California, Illinois, New York), creating more favorable business and living conditions for better company profitability and personal standards of living.

Favorable Tax Environment
A sub-5% corporate income tax rate, no inventory tax and no manufacturing equipment tax contribute to a highly competitive tax situation- perfect for starting an LLC in Indiana. These are further bolstered by tax credits for HQ relocation, community revitalization, brownfield redevelopment, data center construction and job creation.

Indiana is 1st in pass-through highways, located at median center of the U.S. population, and 1st in rail tons of primary metals, making shipping hassle-free – and Indiana a prime location for the U.S. supply chain.

Indiana is home to the second largest automotive industry in the nation and exports ~$34.8 billion in manufactured goods annually, making advanced manufacturing a defining and critical piece of Indiana’s economy.
The state’s unparalleled availability of research programs and facilities, from Purdue’s Research Park to Notre Dame’s Hessert Laboratory for Aerospace Research, provides credible avenues to ensure you have the safest, most efficient product or solution possible.

To underline how confident we are in Indiana’s ability to help businesses flourish as they move to or expand in Indiana, we provide resources that give companies additional flexibility:


Research and Development
Indiana’s R&D tax credits offer a 100% sales tax exemption for
qualified equipment and property purchased.
Relocation
Our Headquarters Relocation Tax Credit provides a nonrefundable tax credit to a business that relocates its headquarters to Indiana, an incentive we hope makes your decision to come to Indiana even easier.


Job Creation
The Economic Development for a Growing Economy Tax Credit offers a refundable tax credit to businesses creating new jobs that improve the standard of living for Indiana residents — so new manufacturers can save in upfront or relocation costs.


For the full list of incentives Indiana offers, visit iedc.in.gov

Indiana - a Global Business Destination

2022 Indiana Global Economic Summit

Taking Indiana to the World.

Indiana's Key Infrastructural Industries

Air

  • 2nd largest FedEx hub worldwide
  • Best airport in North America, Indianapolis
    International Airport, Airports Council International 2010-2020

Rail

  • 1st in the U.S. for rail tons of primary metal products originated
  • 3rd in the nation for total freight railroads — 41

Road

  • 1st in shortest distance to median center of U.S. population
  • 1st in pass-through interstates

Water

  • 3 international ports
  • 400 miles of navigable waterways

Infrastructure Investment

  • $1.2 billion per year allocated through 2024 for transportation infrastructure projects
  • $1 billion in new infrastructure investments to assure continued global connectivity

State Demographics Indiana’s Economy

6.8 % million
Population (2021)
2.7 %
Latest Unemployment Rate (2021)
$ 375 billion
GSP (2020)
9 %
Unionization Rate (2021)
$ 41.1 billion
Exports (2021)
$ 51926
Per Capita Personal Income (2020)
3.3 % million
Labor Force (2021)

Our Commitment to you starting your Business in Indiana

We believe your business can exceed all expectations in Indiana, which is why we’re willing to make your expansion worth your while.


By investing in solutions for your company upfront, we want to demonstrate our commitment to being a long-term partner of yours, and we hope to show you that we’re committed to your ongoing success in Indiana.


Bring your expertise and creativity to Indiana — we’d be thrilled to work with you in shaping the future.

Contact Information for starting a Business in Ohio

Jan Christoph Wiedemann
Director
Contact Business in Indiana

IEDC – US State of Indiana
European Office

Potsdamer Platz 1
10785 Berlin
Germany