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INDIANAPOLIS REGION ADVANCED MANUFACTURING

111 Monument Circle Suite 1950 Indianapolis, IN 46204 1.877.236.4332

Indy Partnership

About Us

Who We Are

The viability of the Indianapolis region’s strong business climate is creating a buzz of growth. Expansion and attraction projects announced in 2015 will add nearly 11,000 jobs and over $1.6 billion in capital investment to the region, leading to an ever stronger business climate.

A business unit of the Indy Chamber, Indy Partnership is the regional marketing organization for the Indianapolis Region, concentrating its efforts in the following industry clusters: Life Sciences; Motorsports; Transportation, Distribution and Logistics; Advanced Manufacturing; Information Technology; and Located in the heart of the U.S., the Indianapolis Region is one Renewable Energy. of the best locations in all of North America from which to reach key U.S. and Canadian markets. The Partnership’s staff has decades of cumulative project experience and offers start-to-finish assistance Our Services to help businesses make an informed, strategic location decision. The Partnership provides clients Information and Data Assistance: with solid, quantifiable numbers on workforce, cost of Our research team can help you analyze doing business - including incentives and taxes, prospective locations by providing cost of doing available sites, transportation options and additional business analyses, utility rate estimates, community relevant data on a county-by-county or region-wide profiles, comparative information, wage data, basis. demographics and education and training resources.

Our business development professionals, working with Location Assistance: our local county partners, assist companies throughout We’ll provide accurate information on available the site selection process as they choose the ideal buildings and land to match your exact facility location for an expansion or location. Let us put our requirements. team to work for you. Business Incentives: For more information, visit www.indypartnership.com. We can assist you in identifying applicable incentive We look forward to hearing from and working with you! programs and estimate the value of qualifying programs, aid in interpretation of incentive packages and connect you to the state and local leaders who can help move your project to completion.

The 9-county Indianapolis Region includes Boone, Hamilton, Hancock, Indy Partnership Hendricks, Johnson, Madison, Marion, Morgan and Shelby counties. 317-236-6262 or Toll Free 1-877-236-4332

E-mail: [email protected] Last Updated 1/26/2016 Website: www.indypartnership.com

Indianapolis Region

Regional Partners

Regional Partners The Indy Partnership is a not-for-profit organization dedicated to strengthening the economic growth of the Indianapolis Region. We work closely with economic development organizations in the 9-county region that includes Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Morgan and Shelby counties. If you have questions about a specific area of the Indianapolis Region, we encourage you to talk to one of the professionals listed below.

HAMILTON COUNTY ECONOMIC CORPORATION FOR ECONOMIC DEVELOPMENT CORPORATION DEVELOPMENT Tim Monger (SERVING MADISON COUNTY) Executive Director Rob Sparks 317-573-4950 Executive Director [email protected] 765-642-1860 [email protected]

BOONE COUNTY ECONOMIC HANCOCK ECONOMIC DEVELOPMENT CORPORATION DEVELOPMENT COUNCIL Molly Whitehead Skip Kuker Executive Director Executive Director 765-482-5761 317-477-7241 [email protected] [email protected]

HENDRICKS COUNTY ECONOMIC DEVELOP INDY DEVELOPMENT PARTNERSHIP (SERVING MARION COUNTY) Jeff Pipkin Position Vacant Interim Executive Director Todd Cook, Interim Contact 317-745-2400 317-464-2276 [email protected] [email protected]

MORGAN COUNTY ECONOMIC SHELBY COUNTY DEVELOPMENT CORPORATION DEVELOPMENT CORPORATION Brian Asher Mike Dellinger Executive Director Executive Director 317-398-8903 317-831-9544 [email protected] [email protected]

JOHNSON COUNTY DEVELOPMENT CORPORATION Cheryl Morphew President and CEO 317-736-4300 [email protected]

Indianapolis Region Business Community

Largest Regional Employers

Regional Company County Industry Employees St. Vincent Health 17,398 Regional Hospitals and health care IU Health 11,810 Regional Hospitals and health care Eli Lilly and Company 10,565 Marion Pharmaceutical development and manufacturing Community Health 10,402 Regional Hospitals and health care Wal-Mart 8,830 Regional Retail department stores Marsh Supermarkets 8,000 Regional Retail grocers Indiana University-Purdue University 7,365 Marion Colleges and universities Indianapolis City of Indianapolis/Marion County 7,058 Marion City/County government Kroger 6,700 Regional Retail grocers FedEx Express 6,600 Marion Package and freight shipping Marion/ Surgical and medical diagnostic instrument Roche Diagnostics 4,600 Hamilton development, manufacturing and distribution Rolls-Royce 4,300 Marion Aircraft engine research and manufacturing Anthem 4,200 Marion Health benefits and insurance Franciscan St. Francis Health 4,100 Regional Hospitals and health care AT&T 4,000 Marion Telecommunications Boone/Marion/ Amazon 4,000+ Order fulfillment Hendricks Defense Finance & Accounting Service 3,865 Marion US Department of Defense payment services Eskenazi Health 3,688 Marion Hospitals and health care Archdiocese of Indianapolis 3,650 Regional Catholic organizations Meijer 3,365 Regional Retail department stores United Parcel Service 3,194 Regional Package and freight shipping Goodwill Industries of Central Indiana 2,933 Regional Education, training and commercial services PNC Financial Services 2,566 Regional Banking and financial services Allison Transmission 2,500 Marion Commercial-duty transmission manufacturing Chase 2,396 Regional Banking and financial services BMW Constructors 2,325 Marion Construction

Sources: Indianapolis Business Journal, Reference USA, Indy Chamber, Indy Partnership, 2014-2015

Indianapolis Region Business Community

Largest Regional Employers Continued

Regional Company County Industry Employees Duke Energy 1,835 Hendricks Electric utility Navient 1,650 Hamilton Student loan servicing Raytheon 1,600 Marion Electronics testing and analysis laboratory Salesforce/Exact Target 1,500 Marion Email marketing service Angie’s List 1,500 Marion Consumer ratings service CNO Financial 1,500 Hamilton Insurance Dow AgroSciences 1,480 Marion Agricultural chemicals & biotechnology Interactive Intelligence 1,437 Marion Communications software Indianapolis Power & Light Company 1,400 Marion Electric utility Heating, AC and security systems UTC/Carrier Corp 1,400 Marion manufacturing OneAmerica 1,353 Marion Insurance/financial products and services Republic Airways 1,300 Marion Passenger air transport F.A. Wilhelm Construction 1,300 Marion Construction Hendricks Regional Health 1,262 Hendricks Hospitals and healthcare Covance 1,200 Hancock/ Marion Drug development laboratory Sports Licensed Division of Adidas 1,200 Marion Licensed sports apparel Group Finish Line 1,187 Marion Athletic shoes and apparel Butler University 1,134 Marion Colleges and universities Citizens Energy Group 1,100 Marion Water and natural gas utility Simon Property Group 1,100 Marion Commercial real estate developers Keihin North America 1,047 Madison/ Hancock Motor vehicle parts Red Gold 1,000 Madison Tomato products Hoosier Park Racing & Casino 1,000 Madison Horse racing and casino Indiana Grand Casino & Downs 1,000 Shelby Horse racing and casino Ingram Micro Mobility 1,000 Hendricks/Marion Wireless device lifecycle services Ascension Ministry Service Center 1,000 Marion Support services for Ascension Health

Sources: Indianapolis Business Journal, Reference USA, Indy Chamber, Indy Partnership, 2014-2015

Indianapolis Region Cost of Business & Taxes

. In 2015 CNBC ranked Indiana #1 in lowest Tax Structure cost of doing business in the U.S. . 2nd lowest worker comp rates in U.S. Personal Income Tax . 5th lowest property tax ranking in U.S. Current State Rate 3.30% . 8th best overall tax climate in U.S. Effective 2017 3.23% . Lowest 25% of electricity cost in U.S. Local Option Tax (rates vary by county) . No inventory or franchise taxes Resident 1.0 – 2.72% . Non-Resident 0.25 - 0.502% No tax on most business services Rates are applied to adjusted gross income and do not vary based on . Indiana is a Right To Work State income. Source: Indiana Department of Revenue, 2016

Sources: CNBC, State of Indiana, Tax Foundation, US Dept. of Energy Indiana Corporate Adjusted Gross Income Tax Real Estate Q1 2016 (Indianapolis MSA) Current Rate 6.5% Rate will decrease annually, resulting in a 4.9% rate on July 1, 2021. Industrial Market Rates are applied to adjusted gross income and do not vary based on Inventory 249,012,067 Sq. Ft. income. Various incentives are available to eligible companies to reduce Vacancy Rate 5.8% this rate. Source: Indiana Economic Development Corporation, 2016 Manufacturing Avg. Net Lease Rate/Sq. Ft. $3.98 Modern Bulk Avg. Net Lease Rate/Sq. Ft. $3.72 Indiana Sales and Use Tax 7.00% Exemptions include: Manufacturing raw materials, manufacturing equipment, utilities and other consumables used in production and Office Market environmental control equipment used by manufacturers. Inventory 35,110,160 Sq. Ft. Most services are not subject to tax. Source: Tax Foundation, 2016 Vacancy Rate (Downtown) 17.5% Vacancy Rate (Suburban) 15.1% Indiana Real & Personal Property Tax Avg. Class A Lease $/Sq. Ft. (Downtown) $20.68 (Per $100 Assessed Value) Avg. Class A Lease $/Sq. Ft. (Suburban) $20.15 Average Tax Rate $2.4309 Sources: CBRE and Cushman & Wakefield Range by Taxing Districts $0.9464 - $5.0348 Business property taxes are capped at 3% of the assessed value. Energy Costs Source: STATS Indiana, 2015

Electricity $6.97 cents/kWh Indiana Unemployment Insurance Natural Gas $7.45 cents/MCF New Employer Rate 2.50% Indiana Industrial Average, 2014 Taxable Wage Base $9,500 Source: US Energy Information Administration Percentage rates may be lowered after 36 months of compliance, or raised due to non-compliance. $9,500 is the maximum taxable amount per employee. Wages Source: Indiana Department of Workforce Development, 2016

Average Annual Wage Indiana Workers' Compensation Indianapolis-Carmel-Anderson MSA $46,853 (per $100 of payroll) United States $51,361 Average Rate for Manufacturing $2.07 Source: US Bureau of Labor Statistics, QCEW, 2014 Average Rate for Office $0.26 Average Rate for All Industry Classes $1.34 Average Hourly Wage Source: Indiana Compensation Ratings Bureau, 2016 Indianapolis-Carmel-Anderson MSA $21.91 United States $22.71 Source: US Bureau of Labor Statistics, OES, 2014

Indianapolis Region Demographics

Population Race and Ethnicity Population Estimate (2015): 1,930,033 Population Projection (2020): 2,035,651 2015 Percent Estimate White 1,469,031 76.0% Black 293,061 15.2% Other Race 121,296 6.3% Two or More Races 46,645 2.4% Hispanic (of any race) 126,298 6.5%

Source: DemographicsNow

Household Income Median Household Income (2015): $52,482

Average Household Income (2015): $74,251 Source: DemographicsNow and Indiana Business Research Center Number of Percent Age Breakdown Households Median Age (2015): 35.9 Under $35,000 251,751 33.6%

2015 $35,000 - $49,000 107,617 14.4% Percent Estimate $50,000 - $74,999 134,595 18.0% Under 20 540,863 28.0% $75,000 - $99,999 93,654 12.5% 20 – 34 398,755 20.7% $100,000 - Above 35 – 64 762,818 39.5% 161,567 21.6%

65+ 227,597 11.8% Source: DemographicsNow

Source: DemographicsNow Employment Educational Attainment Population 16+ (2015): 1,489,634 Percent In Labor Force (2015): 943,697 2015 Percent Change Estimate 2000-2010 Daytime Population (2015): 1,918,098 High School 379,072 29.9% 10.3% Daytime Population 16+ (2015): 1,482,741 Graduate Some College, Number of 257,115 20.3% 13.8% Percent No Degree Households Associates Degree 94,815 7.5% 41.1% Employed in Blue Collar 325,954 36.6% Bachelors Degree 257,752 20.4% 34.8% Occupations Employed in White Collar 132,892 10.5% 32.7% 563,977 63.3% Graduate Degree Occupations

Source: DemographicsNow Source: DemographicsNow

Indianapolis Region Workforce

• Regional workforce of nearly one million Employment by Occupation • 22 colleges & universities within 70 miles; 23 technical schools within 50 miles • #1 business climate in the Midwest and 6th Service 19.5% best in U.S. (Chief Executive Magazine, 2015) Office and Administrative Support 15.3% • Indianapolis-Carmel has the second highest 10.8% employment location quotient among US Sales metro areas in pharmaceuticals & drugs Management, Business & Finance 10.3% (Battelle, 2012) Transportation & Material Moving 9.4% • Indianapolis-Carmel is the only US metro area 7.8% with a specialized employment concentration Education, Legal, Arts & Media in all five bioscience subsectors (Battelle, 2012) Healthcare Practitioners & Technical 7.1% • 6.5% of Indianapolis-Carmel MSA private Production 6.7% employment is in foreign owned enterprises 5.6% (Brookings, 2011) Computer, Engineering & Science

Installation, Maintenance & Repair 3.9% Employment by Industry Construction and Extraction 3.6%

Source: U.S. Bureau of Labor Statistics, 2014 Healthcare & Social Assistance 14.3%

Retail 11.7% Regional Labor Force Manufacturing 10.0% Accommodation & Food Service 9.8% Year Labor Force Unemployment Administration & Waste Services 9.3% 2014 Annual Average 969,398 5.7% Transportation & Warehousing 6.8% 2010 Annual Average 926,133 9.6% 5.8% Professional & Technical Svcs 2005 Annual Average 915,386 5.0%

Finance & Insurance 4.9% Source: U.S. Bureau of Labor Statistics; STATS Indiana

4.9% Federal, State & Local Govt Regional Degrees Granted 2013-2014 Wholesale 4.8% Construction 4.8% Degree Area Certificate Associate Bachelor Grad Other Services 3.3% Total 4,337 4,087 34,497 15,616 Education Services 2.1% Health 870 2,229 3,924 2,294 Professions

Source: QCEW, 2014 Business, Mgmt. 1,083 1,314 6,662 3,449 & Marketing Commuting Computer & Info 136 449 1,169 398 Average Commute Time – 24.7 minutes Sciences Engineering & Indianapolis-Carmel MSA 73 221 2,810 1,184 Average Commute Time – Technical 22.8 minutes Marion County Sources: National Center for Education Statistics Source: U.S. Census Bureau, 2014

Indianapolis Region State Industrial Electric Rates

Indiana has very competitive industrial electric rates, as well as other cost advantages.

Indiana 6.97 South Dakota 6.99 U.S. Average 7.10 Nevada 7.12 Pennsylvania 7.41 Colorado 7.47 Nebraska 7.47 Wisconsin 7.52 North Dakota 7.62 Michigan 7.68 Kansas 7.80 Florida 7.90 Delaware 8.58 Maine 8.95 Maryland 9.04 Vermont 10.23 New Jersey 11.38 California 12.34 Massachusetts 12.74 Rhode Island 12.86 Connecticut 12.92

0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00

Cents/kWh

Source: U.S. Department of Energy, Energy Information Administration, 2014 Annual

Indy Partnership will provide our customers with contact information and/or more details about all utilities (electric, water, gas, telecommunications) upon request.

Indianapolis Region – Warehouse/Distribution Average Rental Rates

Indianapolis, IN $3.78 Kansas City, MO $3.81 Milwaukee, WI $3.95 Dallas, TX $4.19 Philadelphia, PA $4.21 Buffalo, NY $4.25 Minneapolis, MN $4.41 Charlotte, NC $4.45 Omaha, NE $4.50 Detroit, MI $4.56 Phoenix, AZ $4.66 Baltimore, MD $4.67 Nashville, TN $4.73 Chicago, IL $4.81 San Antonio, TX $4.91 Pittsburgh, PA $4.93 Salt Lake City, UT $5.06 Raleigh, NC $5.37 Boston, MA $5.53 Denver, CO $5.57 Portland, OR $5.79 Houston, TX $5.89 Las Vegas, NV $6.50 Los Angeles, CA $7.89 Austin, TX $8.38

$0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00

Warehouse/Distribution Average Rent Per Square Foot

Source: Cushman and Wakefield 1st Quarter 2016

Indianapolis Region Crossroads of America

Within the United States, truck delivery is often more 4 hours economical than ships or trains. Ranking number one in pass- Chicago, IL through highways, Indiana is within a one-day drive of 80% of 12 hours Cincinnati, OH the U.S. population. The median center of U.S. population has Atlanta, GA Columbus, OH fallen within Indiana since 1950. Baltimore, MD Louisville, KY Jackson, MS • Four interstate highways intersect in central St. Louis, MO Little Rock, AR Indiana, making the Indianapolis Region the Minneapolis, MN leading metro area in America with direct 8 Hours interstate access to other markets. Omaha, NE Birmingham, AL • Indiana has three state-of-the-art international Charleston, SC Charleston, WV ports – each a Foreign Trade Zone – located on Raleigh, NC Cleveland, OH two of America’s busiest inland waterways. Richmond, VA • The world’s second-largest FedEx facility is Des Moines, IA Toronto, ON located at Indianapolis International Airport. Detroit, MI Washington, D.C. The eighth-largest cargo airport in North Kansas City, MO

America, Indianapolis International can Memphis, TN accommodate all cargo aircraft. Milwaukee, WI • Indiana ranks fourth in the United States in rail carloads carried and seventh in volume of Pittsburgh, PA

NAFTA exports, totaling $15 billion per year.

Indianapolis Region Transportation

. One-day drive to 50% of U.S. and Canadian populations . One and a half day drive to 75% of U.S. and Canadian populations . Logistics workforce greater than 100,000 . Most highway convergence in nation . 2nd largest FedEx hub in world . New Indianapolis International Airport in 2008 . No toll roads in region . One of only 9 states with AAA bond rating

Indianapolis International Airport 3 runways: Longest is 11,200 feet Served by 8 commercial passenger airlines Airport Activity 2014 Total Passengers: 7,363,632 Non-stop Destinations: 42 Cargo Volume (tons): 1,102,241 Source: Indianapolis Airport Authority Rail 17 Small Commercial Airports, including: - CSX (Avon Switching Yard in Hendricks County) Anderson Municipal Airport – Darlington Field - Norfolk Southern (Anderson Switching Yard in Runways: 5,400/3,400 feet Madison County) Indianapolis Executive Airport (Zionsville) -The Indiana Railroad Runway: 5,500 feet -The Indiana Southern Railroad Hendricks County Airport – -The Louisville & Indiana Railroad Gordon Graham Field (Danville) Source: Association of American Railroads Runway: 4,400 feet Indianapolis Regional Airport (McCordsville) Foreign Trade Zones (Magnet Sites) Runways: 5,500/3,900 feet Indianapolis International Airport, Indianapolis Shelbyville Municipal Airport AllPoints Midwest Business Park, Avon Runways: 5,500/2,670 feet Source: Anderson, Montgomery Aviation, Shelby Aviation Park 100, Indianapolis EaglePoint Business Park, Brownsburg Eagle Park, Anderson Ports Flagship Industrial Park, Anderson Port of Indiana – Burns Harbor Scatterfield Business Park, Anderson Portage, Indiana on Lake Michigan Lebanon Business Park, Lebanon Port of Indiana – Jeffersonville Source: INZONE Jeffersonville, Indiana on Ohio River Port of Indiana – Mount Vernon A 2013 study ranked Indianapolis 10th lowest among Mount Vernon, Indiana on Ohio River major US metropolitan areas for traffic congestion Source: Ports of Indiana during peak travel periods.

Sources: Tom Tom, Texas A&M, INRIX

Indianapolis Region

Foreign Trade Zone

INzone – The Greater Indianapolis Foreign Trade Zone INzone is the not-for-profit administrator of the federal Foreign Trade Zone program in 41 counties in Central Indiana. It is an incentives program available to any business in the area and is designed to enhance foreign trade through savings and improved efficiency.

Foreign Trade Zone Advantages Indianapolis Region Foreign Trade Zone Foreign Trade Zones are specific physical areas that have been granted special status by the Federal Magnet Sites Government, allowing companies to import, manipulate, and/or manufacture goods while delaying, reducing or eliminating customs duties, among other benefits. Foreign trade zones can be established on-site at any company that wishes to participate in the program and receive these benefits. Some Central Indiana companies that have previously established foreign trade zones include Eli Lilly & Company, Ingram Micro, Rolls- Royce, Endress+Hauser, and many others.

In addition to being the administrator for all of Central Indiana, INzone also operates its own foreign trade zone at the Indianapolis International Airport (FTZ #72). This additional service helps businesses access program benefits if they are unable to operate their own foreign trade zone. Services offered on-site include: climate controlled warehouse, third-party logistics, repackaging/ relabeling, CBP-compliant inventory control A Allpoints Midwest software, transportation coordination, quality control services and import/export services. B Indianapolis International Airport C EaglePoint Business Park Because all Central Indiana counties are part of the D Park 100 new alternative site framework and have been pre- E City of Anderson designated as foreign trade zones, any interested company is able to establish an on-site foreign trade Flagship Industrial Park zone much more quickly and efficiently within these Eagle Park counties than in other areas of the country that are Scatterfield Business Park not part of the framework. F Lebanon Business Park Source: INzone

Indianapolis Region

Largest Manufacturers

Largest Regional Manufacturers

Regional Company County Products Employees Eli Lilly and Company 10,735 Marion Pharmaceuticals Roche Diagnostic Corporation 4,600 Marion Surgical & medical diagnostic instruments Rolls-Royce 4,300 Marion Aircraft engines Allison Transmission 2,800 Marion Commercial-duty transmissions Dow AgroSciences 1,800 Marion Agricultural chemicals & biotechnology Raytheon 1,600 Marion Defense electronics UTC Building & Industrial Systems 1,400 Marion Heating, air conditioning and security systems Sports Licensed Division of the 1,200 Marion Licensed sports apparel Adidas Group Keihin Indiana Precision Technology 1,050 Hancock Motor vehicle parts Q-Edge 1,000 Hendricks Computers Red Gold 1,000 Madison Tomato-based food products Knauf Insulation 970 Shelby Fiberglass insulation Hamilton Allegion 936 Security solutions, including Schlage & Von Duprin & Marion SMC Corporation of America 775 Hamilton Pneumatics Nestle USA 700 Madison Ready-to-drink beverages Indiana Mills & Manufacturing 650 Hamilton Safety belts & tie downs Coca-Cola Bottling Company 635 Marion Soft drinks Ryobi Die Casting USA 600 Shelby Motor vehicle transmission and power train parts Hendricks Harlan Bakeries 600 Bakery products & Marion Morgan & Nice-Pak Products 570 Sanitary and disinfectant products Hendricks Praxair Surface Technologies 500 Marion Coatings Rexnord 500 Marion Bearings PK USA 500 Shelby Automotive body & chassis parts/plastic injection Remy International 490 Madison Automobile alternators and generators

Sources: Indianapolis Business Journal, Reference USA, Indy Chamber, Indy Partnership, 2013-2014

Indianapolis Region

Largest Manufacturers

Largest Regional Manufacturers Continued

Regional Company County Products Employees TOA USA 460 Morgan Metal stamping & automotive suspension parts Tube Processing 450 Marion Fabricated pipe and pipe fitting Ambu (formerly King Systems) 420 Hamilton Medical devices Varsity Brands (formerly Herff Jones) 400 Marion Scholastic recognition and education products Vertellus Specialties 400 Marion Specialty chemicals NSK Precision America 400 Johnson Ball & roller bearings Steel Dynamics 390 Hendricks Steel bars Stanley Security Solutions 375 Marion Electrical security systems Indiana Automotive Fasteners 375 Hancock Automotive nuts, bolts & screws Automotive components, including fuel tanks & Elsa LLC 350 Madison exhaust systems Ingredion 350 Marion Starch products Pilkington North America 350 Shelby Automotive glass Automotive armrests & headrests, linear & rotary Porter Engineered Systems 350 Hamilton recliners and mechanisms KYB Manufacturing 350 Johnson Shocks and struts Major Tool & Machine 340 Marion Material conversion, machining, fabrication ConAgra Foods 340 Marion Butter, pies, energy bars Skojdt-Barrett Foods 325 Boone Baby food and fruit purees Grundfos/Peerless Pump 300 Marion Vertical pumps Maplehurst Bakeries 300 Hendricks Bakery products Aircom Manufacturing 300 Marion Sheet metal, machining, injection molding Industrial measurement and automation Endress+Hauser 300 Johnson equipment Meritor 250 Hendricks Axle, brake and suspension solutions Mitsubishi Heavy Industrial Climate 250 Johnson Automotive air conditioning systems Control

Sources: Indianapolis Business Journal, Reference USA, Indy Chamber, Indy Partnership, 2013-2014

Indianapolis Region Manufacturing Employment & Wages

Employment and Wages for Selected Manufacturing Occupations

Number of Hourly Wage** Occupation Title Employees* Entry*** Median Engineers Operating engineers/other construction equipment operators 3,390 $15.87 $28.35 Industrial engineers 3,480 $25.00 $35.54 Mechanical engineers 5,330 $25.95 $37.15 Electrical engineers 1,350 $24.64 $39.30 Materials engineers 250 $23.99 $37.61 Aerospace engineers 40 $23.82 $36.21 Electronics engineers, except computer 660 $16.57 $34.12 Health and safety engineers 110 $24.56 $37.46 Engineers, all other 870 $23.90 $39.88 Total Engineers 15,480+ - - Engineering Technicians Electrical and electronic engineering technicians 690 $15.70 $25.32 Industrial engineering technicians 550 $14.36 $24.94 Mechanical engineering technicians 320 $16.79 $29.07 Engineering technicians, except drafters, all other 320 $14.14 $24.45 Electro-mechanical technicians 70 $20.22 $26.81 Total Engineering Technicians 1,950+ - - Machinists Machinists 4,140 $13.11 $19.70 Tool and die makers 1,330 $12.40 $21.55 Cutting, punching, and press machine setters, operators, and 2,460 $9.41 $13.45 tenders, metal and plastic Molding, coremaking, and casting machine setters, operators, 3,780 $9.90 $12.65 and tenders, metal and plastic Grinding, lapping, polishing, and buffing machine tool setters, 820 $12.70 $22.40 operators, and tenders, metal and plastic Computer-controlled machine tool operators, metal and plastic 2,100 $12.49 $16.64 Extruding and drawing machine setters, operators, and 330 $9.56 $13.45 tenders, metal and plastic Multiple machine tool setters, operators, and tenders, metal 550 $9.27 $16.02 and plastic Cutting and slicing machine setters, operators, and tenders 430 $12.03 $16.45

Indianapolis Region Manufacturing Employment & Wages (continued)

Number of Hourly Wage** Occupation Title Employees* Entry*** Median Machinists (continued) Lathe and turning machine tool setters, operators, and 730 $12.60 $18.69 tenders, metal and plastic Crushing, grinding, and polishing machine setters, operators, 360 $8.77 $13.50 and tenders Metal-refining furnace operators and tenders 70 $13.37 $17.70 Forging machine setters, operators, and tenders, metal and 450 $11.63 $14.30 plastic Computer numerically controlled machine tool programmers, 200 $15.91 $20.40 metal and plastic Total Machinists 17,750+ - - Other Skilled Production Workers Industrial truck and tractor operators 9,090 $11.03 $14.68 Electrical and electronic equipment assemblers 1,670 $9.31 $13.15 Inspectors, testers, sorters, samplers, and weighers 5,790 $9.94 $17.11 Packaging and filling machine operators and tenders 3,480 $8.61 $13.35 Industrial production managers 1,750 $28.43 $42.82 Maintenance workers, machinery 400 $12.94 $22.00 Industrial Machinery Maintenance 3,020 $16.08 $23.41 Team assemblers 25,830 $9.40 $11.27 Electromechanical equipment assemblers 250 $10.35 $14.75 Assemblers and fabricators, all other 4,290 $8.48 $13.76 Total Other Skilled Production Workers 55,570+ - - Drafters/Designers Mechanical drafters 650 $16.79 $28.22 Commercial and industrial designers 210 $14.46 $32.08 Drafters, all other 100 $16.99 $26.47 Electrical and electronics drafters 160 $17.54 $31.52 Total Drafters/Designers 1,120+ - - Supervisors First-Line Supervisors of Production and Operating Workers 6,520 $15.81 $26.63

* Employment data are for the Indianapolis-Carmel-Anderson, Bloomington, Columbus, Kokomo, Lafayette and Muncie MSAs. ** Wage data are for the Indianapolis-Carmel-Anderson MSA. *** Entry wages = wages in the lowest 10th percentile. Source: US Bureau of Labor Statistics, OES, May 2015 (released May 2016)

Indianapolis Region Manufacturing Job Applicants

The following are manufacturing occupations job applicants looking for work in Central Indiana.

Occupation Title Applicants Assemblers and fabricators, all other 10,408 Production workers, all other 7,886 Helpers--production workers 6,676 Laborers and freight, stock, and material movers, hand 4,606 Industrial truck and tractor operators 2,630 Packers and packagers, hand 2,336 First-line supervisors/managers of production and operating workers 1,775 Shipping, receiving, and traffic clerks 1,707 Inspectors, testers, sorters, samplers, and weighers 1,426 Maintenance and repair workers, general 1,421 Engineering technicians, except drafters, all other 1,261 Engineering technicians, except drafters, all other 1,261 Packaging and filling machine operators and tenders 1,170 Team assemblers 1,044 Machinists 1,034 Electrical and electronic equipment assemblers 935 Engine and other machine assemblers 823 Cutting, punching, and press machine setters, operators and tenders, metal & plastic 777 Maintenance workers, machinery 654 Industrial machinery mechanics 634 Molding, coremaking and casting machine setters, operators and tenders, metal & plastic 615 Material moving workers, all other 583 Machine feeders and offbearers 573 Multiple machine tool setters, operators and tenders, metal and plastic 501 Computer-controlled machine tool operators, metal and plastic 474 Grinding, lapping, polishing and buffing machine tool setters, operators and tenders 386 Cutting and slicing machine setters, operators and tenders 368 Engineers, all other 302 Lathe and turning machine tool setters, operators and tenders, metal and plastic 290 Industrial production managers 284 Electrical and electronics repairers, commercial and industrial equipment 279 Electrical and electronics engineering technicians 264

Indianapolis Region Manufacturing Job Applicants (continued)

Crushing, grinding and polishing machine setters, operators and tenders 258 Mechanical engineers 211 Electro-mechanical equipment assemblers 192 Tool and die makers 177 Metal-refining furnace operators and tenders 169 Electro-mechanical technicians 163 Forging machine setters, operators and tenders, metal and plastic 141 Electrical engineers 130 Industrial engineers 124 Mechanical engineering technicians 121 Mechanical drafters 108 Extruding and drawing machine setters, operators and tenders, metal and plastic 102 Drafters, all other 85 Computer numerically controlled machine tool programmers, metal and plastic 66 Industrial engineering technicians 63 Commercial and industrial designers 53 Health and safety engineers, except mining safety engineers and inspectors 51 Electrical and electronics drafters 40 Aerospace engineers 35 Electronics engineers, except computer 34 Materials engineers 34 Chemical engineers 18

Source: Indiana Department of Workforce Development, April 2016.

Data represent all active applicants in the Indiana Career Connect system (www.indianacareerconnect.com) from May 1, 2014-April 30, 2016 for the Indianapolis Regional Labor Shed, which is composed of the following counties:

Bartholomew Boone Brown Clinton Decatur Delaware Grant Greene Hamilton Hancock Hendricks Henry Howard Jackson Johnson Lawrence Madison Marion Monroe Montgomery Morgan Owen Putnam Rush Shelby Tippecanoe Tipton

Note: Data do not include applicants from private job matching services like Craig’s List, Monster and CareerBuilder. Therefore, the data are likely to under-represent the total available application pool in the labor shed.

Note: Data are reported by target occupation. Some applicants have indicated more than one target occupation. This means that some occupations that require similar skills may be subject to “double counting” of applicants when added together.

TheThe 109--countycounty Indianapolis Indianapolis Region Region includes includes Boone, Boone, Hamilton, Hamilton, Hancock, Hancock, IndyIndy Partnership Partnership Hendricks,Hendricks, Johnson,Johnson, Madison,Madison, Marion,Marion, Monroe,Morgan &Morgan, Shelby and counties. Shelby counties. 317317-236-236-6262-6262 or or Toll Toll-Free Free 1 -1877-800-236-236-4332-4332 E-E-mail:mail: [email protected] [email protected] Last updated 6/3/2016 Produced with support from the Indy Partnership Foundation. 8/9/10 Website:Website: www.indypartnership.com www.indypartnership.com

Indianapolis Region Education

Regional Degrees Granted 2013-2014 Selected National Rankings Degree Area Certificate Associate Bachelor Grad . #1 Undergraduate Engineering Program – Total 4,337 4,087 34,497 15,616 Rose-Hulman Institute of Technology Health 870 2,229 3,924 2,294 . #7 Undergraduate Pharmacy Program – Professions Purdue University Business, Mgmt, . 1,083 1,314 6,662 3,449 #1 Graduate Civil Engineering Program – & Marketing Purdue University Computer & Info . #6 Graduate Engineering Program – 136 449 1,169 398 Purdue University Sciences Engineering & . #4 Online Graduate Engineering Program – 73 221 2,810 1,184 Purdue University Technical . #4 Undergraduate Entrepreneurship Program – Biological & Indiana University Biomedical 1 15 1,341 349 . #1 Online MBA Program – Indiana University Sciences . #1 Online Graduate Business Program – Indiana University Regional Data by Campus . #2 Regional University in Midwest – Butler . #1 Regional College in Midwest – Taylor Total Degrees . #6 Regional College in Midwest – Franklin Enrollment Awarded Fall 2014 2013-2014 Source: U.S. News and World Report, 2015 4-Year Colleges/Universities Indiana University-Bloomington 46,416 10,021 The International School of Indiana (ISI) was the first Purdue University-WestLafayette 39,752 9,876 school in Indiana to be authorized by the International IUPUI 30,690 6,427 Baccalaureate (IB) Organization to offer all three IB Ball State University 20,655 5,214 programs, and only the second school in the entire Indiana Wesleyan University 14,943 5,112 Midwest to achieve this distinction. ISI is the 14th school Indiana State University 13,183 2,100 in the United States to be authorized for all three University of Indianapolis 5,442 1,271 programs, and only the 8th private school. An additional Butler University 4,848 1,072 ten public high schools in the region offer an IB diploma. Indiana University-East 4,573 598 Indiana University-Kokomo 4,180 526 The Indianapolis Region is home to 47 charter schools Marian University 2,771 726 and over 30 magnet schools. Anderson University 2,399 551 Rose-Hulman 2,388 505 DePauw University 2,215 535 Regional High School Graduates Taylor University 2,146 461 Earlham College 1,076 288 Public Schools Private Schools Franklin College 1,075 199 2010 17,941 1,336 Wabash College 926 172 2011 18,232 1,294 Martin University 402 63 2012 18,710 1,395 Community College 2013 19,502 1,963 Ivy Tech Community College - 2014 20,009 1,588 25,785 2,606 Central Indiana Region (16 sites)

Source: Indiana Department of Education Sources: National Center for Education Statistics & Indiana Commission for Higher Education

4 Year 1. Ball State University 2. Indiana State University 3. Indiana University 4. Indiana University East 5. Indiana University Kokomo 6. Indiana University Northwest 7. Indiana University South Bend 8. Indiana University Southeast 9. IUPUI Columbus 10. IUPUI Fort Wayne 11. IUPUI Indianapolis 12. Purdue University 13. Purdue University Calumet 14. Purdue University North Central 15. University of Southern Indiana 2 Year 1. Ivy Tech Anderson 2. Ivy Tech Bloomington 3. Ivy Tech Columbus 4. Ivy Tech E. Chicago 5. Ivy Tech Elkhart 6. Ivy Tech Evansville 7. Ivy Tech Fort Wayne 8. Ivy Tech Gary 9. Ivy Tech Indianapolis 10. Ivy Tech Kokomo 11. Ivy Tech Lafayette 12. Ivy Tech Lawrenceburg 13. Ivy Tech Logansport 14. Ivy Tech Madison 15. Ivy Tech Marion 16. Ivy Tech Michigan City 17. Ivy Tech Muncie 18. Ivy Tech Richmond 19. Ivy Tech Sellersburg 20. Ivy Tech South Bend 21. Ivy Tech Terre Haute 22. Ivy Tech Valparaiso 23. Ivy Tech Warsaw 24. Vincennes University 25. Vincennes University Jasper Private 1. Ancilla Domini College 14. Hanover College 26. Saint Mary’s College 2. Anderson University 15. Holy Cross College 27. Saint Meinrad School of Theology 4. Bethel College 16. Huntington University 28. Taylor University 5. Butler University 17. Indiana Tech 29. Trine University 6. Calumet College of Saint Joseph 18. Indiana Wesleyan University 30. University of Evansville 7. Christian Theological Seminary 19. Manchester University 31. University of Indianapolis 8. Concordia Theological Seminary 20. Marian University 32. University of Notre Dame 9. DePauw University 21. Martin University 33. University of Saint Francis 10. Earlham College 22. Oakland City University 34. Valparaiso University 11. Franklin College 23. Rose-Hulman Institute of Technology 35. Wabash College 12. Goshen College 24. Saint Joseph’s College 36. Western Governors University (online only) 13. Grace College 25. Saint Mary-of-the-Woods College

Indiana Engineering Schools

One of the top university research parks in the United States.

Undergraduate Rankings #1 Biological/Agricultural Engineering #3 Production/Operations Management #4 Quantitative Analysis #4 Industrial/Manufacturing Engineering #4 Civil Engineering #5 Aerospace/Aeronautical/Astronautical Engineering #7 Mechanical Engineering #9 Electrical/Electronic/Communications Engineering #10 Supply Chain Management/Logistics

Graduate Rankings #1 Biological/Agricultural Engineering #4 Online Graduate Engineering #6 Aerospace/Aeronautical Engineering #6 Civil Engineering #7 Production/Operations #8 Industrial/Manufacturing/Systems Engineering #10 Mechanical Engineering #10 Electrical/Electronic/Communications Engineering

The Nation’s #1 School of Engineering. (where Doctorate is not offered)

#1 Chemical Engineering Bethel College, Earlham College, Franklin College, Indiana State University, Manchester University and University of #1 Civil Engineering Indianapolis offer 3/2 or dual degree engineering programs. #1 Computer Engineering #1 Electric/Electronic Engineering #1 Mechanical Engineering

Source: US News and World Report, 2015

Indianapolis Region Manufacturing-Related Programs

Program Degrees Offered Colleges and Universities

Engineering Chemical Engineering Bachelor to PhD Rose-Hulman, Purdue University Franklin College, Indiana Tech, Taylor University, Computer Engineering Bachelor to PhD University of Indianapolis Indiana University-Purdue University Indianapolis Electrical and Computer Engineering Master (IUPUI) IUPUI, Purdue University, Rose-Hulman, Franklin Electrical Engineering Bachelor to PhD University, Indiana Tech, University of Indianapolis, Electronics Engineering Associate Lincoln College of Technology Electronic Systems Engineering Associate Lincoln College of Technology Engineering, General Bachelor, Master Butler University Engineering Management Master Rose-Hulman, Indiana Tech Engineering Science Associate, Bachelor Manchester College Industrial & Manufacturing Engineering Associate, Bachelor Indiana Tech Industrial Engineering Bachelor to PhD Purdue University Interdisciplinary Engineering Bachelor Purdue University Materials Engineering Bachelor, Master Purdue University Franklin College, Indiana Tech, University of Mechanical Engineering Bachelor to PhD Indianapolis, Purdue University, Rose-Hulman, IUPUI Multidisciplinary Engineering Bachelor Purdue University Engineering Technology Automation & Control Engineering Technology Bachelor Indiana State University Computer & Electronics Engineering Associate ITT Tech Technology Computer Engineering Technology Associate, Bachelor Indiana State University Electrical and Computer Engineering Bachelor Purdue University Technology Electrical Engineering Technology Associate, Bachelor Ivy Tech, Purdue University, IUPUI Electronics Engineering Technology Bachelor Indiana State University Engineering Technology Associate Ivy Tech Industrial Automation Engineering Technology Bachelor ITT Tech Manufacturing Engineering Technology Associate, Bachelor Purdue University, Ball State University Ivy Tech, Purdue University, Ball State, IUPUI, Indiana Mechanical Engineering Technology Associate, Bachelor State University Packaging Engineering Technology Bachelor Indiana State University

Indianapolis Region Manufacturing-Related Programs

Program Degrees Offered Colleges and Universities

Industrial Design Industrial (Consumer Product) Design Bachelor Purdue University Industrial Quality and Safety Indiana State University, Indiana University- Safety Management Bachelor to PhD Bloomington Industrial Programs, Other Industrial Management Bachelor Purdue University Industrial Technology Associate to PhD Ivy Tech, Purdue University, Ball State University Manufacturing Advanced Manufacturing Associate, Bachelor Ivy Tech Advanced Manufacturing Management Certificate, Bachelor Indiana State University Manufacturing Production and Operations Associate Ivy Tech Welding Certificate Ivy Tech Supply Chain Management and Logistics Global Supply Chain Management Master Indiana University-Bloomington Industrial Distribution Bachelor Purdue University Operations and Supply Chain Management Bachelor Franklin University, University of Indianapolis Ball State University, Indiana University- Operations Management and Analysis Bachelor to PhD Bloomington, Indiana State University Supply Chain and Operations Master Indiana University-Bloomington Supply Chain Management Bachelor Indiana University-Bloomington, IUPUI Technology and Manufacturing, Other Computer Science—Machine Intelligence Bachelor Purdue University Electronics and Computer Technology Associate Ivy Tech Machine Tool Technology Associate Ivy Tech Robotics Certificate Rose-Hulman Technology Management Bachelor Indiana State University Technology Bachelor, Master IUPUI

Source: Indy Partnership, 2014

Indianapolis Region Advanced Manufacturing Announcements

Allegion plc - Schlage Lock Company LLC PacMoore Process Technologies February 2016 - Allegion plc (NYSE: ALLE), a leading November 2015 – The Mooresville Town Council global security products and solutions provider, approved real and personal property tax phase-ins announced its Indiana security company Schlage Lock (abatements) on PacMoore Process Technologies' $4 Company LLC plans to grow its Indianapolis operations, million investment in their food processing and packaging creating up to 158 new jobs by 2020. The company will facility. The project involves a new extrusion line. invest more than $13 million to grow its manufacturing and R&D capabilities in Central Indiana over the next five PacMoore received real and personal property tax years. abatement from the town of Mooresville.

The Indiana Economic Development Corporation (IEDC) NTN Driveshaft, Inc. considered performance-based incentives based on the November 2015 –NTN Driveshaft Inc. and its Japan- company’s job creation plans. The city of Indianapolis based parent company NTN Corporation announced also supports this project.. plans to grow their Indiana operations, establishing a new manufacturing plant in Anderson that is expected to Greenville Technology Inc. (GTI) ultimately create up to 510 new jobs. The company will February 2016 - Ohio-based Greenville Technology Inc. invest more than $87 million to establish NTN Driveshaft is expanding its plant in Anderson. The $24 million Anderson, constructing and equipping a new 406,596sf expansion is expected to create 110 jobs by the end of facility. 2018. The project will include increasing the size of the 161,000 square-foot facility by 140,000 square feet. The Indiana Economic Development Corporation offered up to $4,700,000 in conditional tax credits and up to "This plant expansion is needed to increase our $300,000 in training grants based on the company’s job production capacity for upcoming business," said Jon creation plans. The city of Anderson has approved Adams, general manager of GTI Anderson. "One very additional incentives as well as utility and infrastructure important aspect of this expansion is a new state of the improvements. art coating line for the painting of exterior automotive parts." The plant currently employs 240 workers. The Rolls Royce company says the expansion is an example of October 2015 - Rolls-Royce announced plans to invest Anderson's success in cultivating relationships with nearly $600 million in its operations and research in international companies and "attracting foreign capital, Indianapolis over the next five years, ensuring its future in talent and technologies." Indiana for years to come. Rolls-Royce’s investment will be used to modernize and upgrade its operations, Heartland Food Products Group enabling the company to become more competitive within December 2015 - Heartland Food Products Group, a the growing aerospace industry. producer and marketer of low calorie sweeteners, drink mixes, coffee and nutritional beverages, announced plans The Indiana Economic Development Corporation offered to expand its operations in Indianapolis, creating up to up to $17,000,000 in conditional tax credits and up to 187 new jobs by 2020. Heartland will invest $1,425,000 in training grants based on the company’s approximately $26 million to increase production capacity committed investment. The city of Indianapolis also at its Indianapolis facility. supports this project.

The Indiana Economic Development Corporation offered up to $1,750,000 in conditional tax credits and up to $150,000 in training grants based on the company’s job creation plans. The city of Indianapolis supports this project.

The 9-county Indianapolis Region includes Boone, Hamilton, Hancock, Indy Partnership Hendricks, Johnson, Madison, Marion, Morgan and Shelby counties. 317-464-2204 E-mail: [email protected] Last Updated 4/1/2016 Website: www.indypartnership.com

Indianapolis Region Incentives

Incentive/Credit Description Criteria /Requirements Real Property Tax Phase in of real property tax obligation Granted to a company according to local qualification Abatement over one to ten year period. criteria based on new and retained jobs, wages and IC 6-1.1-12.1-17 economic impact of project. Prior approval of local government agency. Approval must happen before construction permits are pulled.

Personal Property Tax Phase in of personal property (used Granted to a company according to local qualification Abatement: directly in production, R&D, criteria based on new and retained jobs, wages and Manufacturing, Research distribution processes) tax obligation economic impact of project. Prior approval of local and Development, over a one to ten year period. government agency. Approval must happen before Information Technology equipment is operational. and Logistics/Distribution Equipment IC 6-1.1-12.1-17 Sales Tax Exemption - Research and development equipment No Requirements Research and is exempt from state sales tax. Development Equipment IC 6-2.5-5

Sales Tax Exemption – Transactions involving tangible personal Tangible personal property must be owned, operated or Motorsports IC 6-2.5-5 property comprising any part of a leased by a professional racing team qualify. professional motor racing vehicle excluding tires and accessories are exempt from state sales tax.

Sales Tax - Personal Machinery, tools and equipment Exemption does not apply to transactions involving Property IC 6-2.5-5 acquired for direct use in the direct distribution equipment or transmission equipment acquired production, manufacture, fabrication, by a public utility engaged generating electricity. Meet assembly, processing, refining, finishing qualifications set by the Indiana Utility Regulatory of tangible personal property are tax Commission. exempt. Tangible personal property acquired for resale is also qualified for tax exemption.

Sales Tax – Utilities IC 6- Utilities used in certain manufacturing Utilities include electrical energy, natural or artificial gas, 2.5-5 capacities are tax exempt. water, steam and steam heat qualifications set by the Indiana Utility Regulatory Commission.

Economic Development This program provides refundable tax IEDC approval. for a Growing Economy credits based on the additional payroll * Significant new Indiana job creation (EDGE) - New Jobs IC 6- for new jobs created in Indiana. EDGE * Significant local participation 3.1-13 can be awarded on eligible gross payroll * Average wage exceeds the industry sector average (NAICS) for a period not to exceed 10 years * EDGE agreement required * Annual verification of amount of individual income taxes withheld will trigger release of credits.

Incentive/Credit Description Criteria /Requirements Hoosier Business Tax credits for qualified investment IEDC approval. Investment Tax Credit made in Indiana facility. * Increase total earnings of employee (HBITC) IC 6-3.1-26 * Economically sound project that will benefit Indiana * Major factor in decision to move forward * Overall positive fiscal impact * Average wage will be at least 150 percent of the hourly minimum wage Twenty percent of the qualified investment capital provided to a qualified Indiana business * Company must maintain operations for at least ten years during the term that the tax credit is available. * Annual report regarding new employees and average wage.

Headquarters Relocation Provides non-refundable tax credits to IEDC approval. Tax Credit IC 6-3.1-30 relocating corporate headquarters Credit is up to 50 percent of the qualified investment and based upon relocation costs. carry forward not to exceed nine consecutive years. Currently maintains HQ outside Indiana and no previous HQ in Indiana. Prior year international revenue of at least $50M. Commit contractually to moving HQ.

21st Century Fund IC 5-28- The Indiana 21st Century Research and IEDC Board approval. State Budget Committee review 16 Technology Fund was created to (public meeting). stimulate the process of diversifying the State's economy by developing and commercializing advanced technologies in Indiana.

Indiana Research Tax credit based on qualified research * Credit is the lesser of $1M or the increment of Indiana Development Tax Credit expense incurred for research qualified research expenses over the taxpayer's base amount (R&D) IC 6-3.1-4 conducted in Indiana. multiplied by 15 percent. * May be claimed when filing state income taxes by including the IT-20 REC form * Carry forward and unused credit for 10 years

Venture Capital Investors who provide qualified debt or IEDC approval. Investment Tax Credit IC equity capital to Indiana companies Available to any taxpayer who is an individual or entity that 6-3.1-24 receive a credit against their Indiana has any state tax liability. A taxpayer must apply to the IEDC income tax liability. for a certification that the proposed investment plan would qualify for a credit. The total amount of tax credits any calendar year may not exceed twelve and a half million dollars ($12,500,000). Patent Income Tax Exempt from certain income derived The patent income exemption applies only to companies Exemption IC 6-3-2-21.7 from qualified utility and plant patents. with 500 or fewer employees. Qualified taxpayers are The exemption percentage decreases eligible for 50 percent of patent income for each of the first over the next five years to 10 percent five years. in the 10th year.

Incentive/Credit Description Criteria /Requirements Certified Technology A state-designated area within a city, IEDC approval. Parks (CTP) IC 36-7-32 town or county where at least one *Investments in a CTP may qualify for a property tax credit. business is primarily engaged in high A CTP may access an incremental tax fund created from technology activity and creating jobs. business sales taxes of businesses within the park and A CTP is supported by higher education individual income taxes from companies within the park (see or a private research-based institute. Certified Technology Park Grant Fund.) Up to $5 million for CTP granted by IEDC leasing, construction or purchasing of capital assets located in CTP. * CTP applied for by local community. * Job creation * Engaged in high technology activity. * CTP may have other local requirements. * If a business is seeking EDGE credits, an ordinance must be adopted recommending the granting of EDGE credits.

Community Revitalization Tax credit available to companies IEDC approval. Enhancement District Tax located in a designated CRED. Credits There must be no reduction or cessation of operations in Credit (CRED) IC 6-3.1-19 are for 25 percent of qualified Indiana to locate within CRED. If a business is seeking EDGE investment. credits, an ordinance must be adopted recommending the granting of EDGE credits. Industrial Development IDGF grant is awarded to eligible units IEDC approval. Grant Fund (IDGF) of government to help in meeting the Contributions made to tax-exempt, 501c organizations. IC 5-28-25 infrastructure needs of the new or * Credits are awarded to 501c's for distribution to individuals expanding facility. Up to 50 percent of or businesses. eligible off-site infrastructure may be * Local community matching funds awarded. * Submit description of costs and map and design of proposed improvements.

Neighborhood Assistance Tax credits for corporations or A building or complex of buildings which: Credit individuals who contribute to an * contains 300,000 interior square feet or greater. organization to build public-private * Was placed in service at least 20 years ago. partnerships in economically * At least 75 percent of the interior floor space has been disadvantaged areas. The credit is vacant for at least two years. equal to 50 percent of contribution to * Only contribute to an IEDC approved neighborhood organization. Credit is applied against organization and plan. Indiana income tax liability. Industrial Recovery Site Tax credits are based on a percentage No Requirements Tax Credit of qualified investment for IC 6-3.1-11 rehabilitation of property made to an existing building which meets square footage, age and vacancy requirements. Credits are applied to state income tax liability and can be carried over.

Enterprise Zone Credits Various incentive opportunities exist for IEDC approval. companies within EZ. Available credits * Credits are assignable to qualified businesses: Loan Interest * Limited carry forward of credits Tax Credit (IC 6-3.1-7), Gross Income * Requirements are specific to individual incentive Tax Exemption, Wage Exemptions, programs. Investment Credit and Investment Cost Credit (IC 6-3.1-10).

The 9-county Indianapolis Region includes Boone, Hamilton, Hancock, Indy Partnership Hendricks, Johnson, Madison, Marion, Morgan and Shelby counties. 317-236-6262 or Toll Free 1-877-236-4332 E-mail: [email protected] Last updated 2/24/15 Website: www.indypartnership.com Incentive/Credit Description Criteria /Requirements Vacant Building Tax One year abatement based on the *Prior approval by local government agency. Approval must Abatement occupation of a qualifying vacant happen before occupying the facility. IC 6-1.1-12.1-16 building. Granted to a company *Three years at 100% if certain conditions met according to local qualifications based on occupying a previously vacant building. *Must be used for commercial or industrial purposes

Indiana Training Grant Two year grant awarded directly to the IEDC approval. Programs: company for reimbursement of eligible training costs associated with a project. Skills Enhancement Fund Grant can be up to 50 percent of total IC 5-28-7 training budget with cap of $200,000.

Indiana at Work (Work State job profiling system for new or Award based on capital investment, quality of jobs, quality Keys) existing Indiana businesses providing of training, number of employees trained and impact on evidence of workforce readiness. economy operations.

Site Assessment Grant Various grants and loans available for * LILI - up to $7,500 with interest rates of 2.5 or 3.0 (SAGI), Low Interest Loan environmental investigation, percent. Private parties can be co-applicants with local Incentive (LILI), remediation, demolition and petroleum government. Petroleum Remediation remediation at brownfield sites. * PRGI - up to $250,000. Private parties can be co- Grant Incentive (PRGI) applicants. and Federal Grant * FGMI - matching grants up to 20 percent of federal Matching Incentive (FGMI) brownfields award. Only available to local government. Maximum amount of credit is equal to the lesser of 10 percent of the qualified investment or $100,000. Interest in redevelopment of brownfield site(s). Voluntary Remediation Credit available for voluntary cleanup Criteria are specific to individual financing programs. Tax Credits at eligible brownfield sites * Remediation plan developed * Application filed with IFA * A qualified investment certification must be received prior to start of remediation. * Local legislative body must pass resolution approving the brownfield redevelopment project and credit.

Financing Programs There are several financing vehicles for Requirements are specific to individual financing programs. companies to review on both a state and local level. Both taxable and tax exempt bonds, lease financing, Tax Increment Financing (TIF), SBA loans through CDCs, Indiana Port Commission and various utility loan programs.

Brownfield Tax A partial or full waiver of delinquent A history of the property is needed and outline a Reduction/Wavier tax liability for Brownfield properties remediation and reuse plan to qualify for approval of the reduction/waiver. *Requires approval from various government agencies, and IFA *Must provide proof of ownership of property and proof that the owner was not involved in cause of environmental issues. *The cleanup and reuse must occur by date provided by applicant for the reduction/waiver to become permanent.

Incentive/Credit Description Criteria /Requirements Renewable Energy Commercial and industrial operations, * Exemption is allowed every year that a qualifying system Property Tax Exemption as well as residential households, with functions. systems that generate energy using * The entire renewable energy system and affiliated solar, wind, hydropower, or geothermal equipment that is unique to the system, including equipment resources – including geothermal heat for storage and distribution, are exempt from the property pumps – are exempt from property tax. tax. * The exemption applies to both real property and mobile homes equipped with renewable energy systems, and may only be claimed by property owners.

Information Technology Enterprise information technology * Enterprise information technology includes: servers and Personal Property equipment is exempt from personal routers, equipment within the “enterprise” or “data center” Exemption property taxation for a period agreed to for networking or data storage, and generators for by local designating body. uninterrupted power supply to data center systems. * Equipment cannot include computer hardware designed for single user, workstation, or departmental level use. * Eligible businesses include: business operates one or more facilities for computing, networking, or data storage; entity is located in a facility or data center in Indiana; investment is at least $10,000,000 in personal and real property and average employee wage of the entity is at least 125% of the county average wage.

Indianapolis Region Quality of Life

“Indianapolis is the best of both worlds – Monon Trail The Monon Trail, completed in 2003, measures all the sophistication of a modern approximately 10.4 miles from 10th Street to 96th metropolis, while retaining its hometown Street – the Marion-Hamilton county line, where it Hoosier demeanor.” connects with the 5.2-mile Monon Greenway in Carmel. It also has direct connections to the Fall

- Home and Away magazine Creek Greenway and the Central Canal Towpath, which leads to the White River Wapahani Trail to With the nation’s 12th largest city at its center and no form a trail network that reaches to the west side of shortage of thriving towns and small communities the downtown district. throughout the nine counties, the Indianapolis Region draws attention for being vibrant and Central Canal progressive as well as culturally rich and hospitable. In the 1830’s, the Central Canal was envisioned as part of an eight-canal system to cross the state and link major points of commerce. After three years of Greenways construction and the introduction of railroads, debts

halted the project, leaving the Central Canal with no Indianapolis Cultural Trail connections to other navigable waterways. In 1881, The Indianapolis Cultural Trail: A Legacy of Gene & the Indianapolis Water Company purchased the Marilyn Glick is a world-class urban bike and canal. The Central Canal is still a primary source of pedestrian path that connect neighborhoods, Cultural drinking water for the Indianapolis metro area and Districts and entertainment amenities, and serves as receives its water from the White River in the Broad the downtown hub for the entire central Indiana Ripple area. The Central Canal Towpath provides greenway system. The 8 mile trail provides connection from Broad Ripple to Downtown along downtown connectivity, bicycle friendliness and the historic Indianapolis Water Company Canal. urban walkability to the city.

Additional greenways traverse the region, including

Eagle Creek Trail, Fall Creek Trail, Little Buck Creek

Trail, Pennsy Rail Trail, Pleasant Run Trail, Pogues

Run Trail, White River Trail, White Lick Creek Trail,

Zionsville Rail Trail, Tracy Trail, Landersdale Trail, th 146 Street Trail, Vandalia Trail, Carey Road Trail

and many others.

Bicycling

There are currently 64 miles of on-street bike lanes

in operation in Marion County with another 200+

miles planned. With 25 stations and 250 bikes located

on or near the Indianapolis Cultural Trail, the Pacers Bikeshare bicycles are available to anyone with a 24- Hour Pass or Annual Membership. Carmel also has a bike rental program with two downtown locations.

The 9-county Indianapolis Region includes Boone, Hamilton, Hancock, Indy Partnership Hendricks, Johnson, Madison, Marion, Morgan and Shelby counties 317-236-6262 or Toll Free 1-877-236-4332 E-mail: [email protected] Last Updated 2/24/2015 Website: www.indypartnership.com

Indianapolis Region Quality of Life

Top Communities and Housing Indianapolis Museum of Art Founded in 1883, the Indianapolis Museum of Art is Indianapolis is the most affordable metropolitan among the 10 largest and 10 oldest general art home market in the United States, according to museums in the nation. With a collection of more multiple rankings and surveys. Throughout the than 54,000 works spanning 5,000 years, the IMA entire region, scores of exceptional communities offers significant holdings of African, American, offer diverse and plentiful lifestyle options, from Asian, European and contemporary art, textiles and college towns and planned communities to mid- fashion art, as well as a growing collection of sized cities and small towns. Whether you’re design arts.. Its $25 million Virginia B. Fairbanks looking for quiet country roads, bustling, child-filled Art & Nature Park, located on 100 acres of soccer fields and parks, or sophisticated urban untamed woodlands, wetlands, a lake and living, the Indianapolis Region has something for meadows adjacent to the museum, is one of the everyone. Here are just a few recent accolades: largest museum art parks in the country. The art park, completed in 2010, caps off a recent $74 Indianapolis: Top 10 Downtowns, Livability.com, 2015 million expansion that features three new wings Carmel: #6 Best City for Kids, Livability.com, 2014 and 50 percent more gallery space. Avon, Brownsburg, Fishers & Noblesville: Top Cities for Homeownership, NerdWallet.com, 2014 Eiteljorg Museum Westfield: Best Towns for Families, Family Circle, 2014 Located in downtown Indianapolis, the Eiteljorg Carmel: #3 Best Place to Live in America, Money, 2014 Museum houses an extensive collection of Native Johnson County: Where the Middle Class Thrives, CNN, American art, as well as Western American 2014 paintings and sculptures collected by businessman and philanthropist Harrison Eiteljorg. The museum houses one of the finest collections of Native Museums contemporary art in the World.

The Children’s Museum of Indianapolis James Whitcomb Riley Museum Home The Children’s Museum of Indianapolis is the The James Whitcomb Riley Museum Home is on world’s largest children’s museum, welcoming more the National Register of Historic Places and is than one million visitors each year. With a rich located in the Lockerbie Square Historic District at collection history of more than 80 years, the 528 Lockerbie Street. It was named a National museum has been using objects to inspire Historic Landmark in 1962. While never owned by imaginations and connect generations for decades. Riley, the Hoosier Poet and author of Little Orphan

Annie and The Raggedy Man, lived in the home for The 472,900 square-foot facility houses more than 23 years. 12,000 artifacts. Visitors can explore physical and

natural sciences, history, world cultures, and the President Benjamin Harrison Home arts. Highlights include Dinosphere, a 1917 vintage The Benjamin Harrison Home, in Indianapolis’ Old carousel, full-size and miniature trains, Dale Northside Historic District, was the home of the Chihuly’s five-story Fireworks of Glass sculpture Twenty-third President of the United States. and the SpaceQuest Planetarium. Harrison had the house built in 1870 and he lived

there until his death in 1901.

NCAA Hall of Fame and Museum Madame Walker Theatre Center The NCAA Hall of Champions boasts two-levels of Old National Centre/Murat Theatre interactive exhibits to engage visitors and create a Hilbert Circle Theatre true-to-life understanding of what it takes to make The Palladium the grade. On the first level, all 23 NCAA sports Paramount Theatre Center and Ballroom are represented and include a novice to historian trivial challenge, current team rankings, video Professional Sports Teams highlights, and artifacts donated from colleges Colts - Football around the nation. On the second level, is a fully Pacers – Men’s Basketball interactive area to compete virtually and hands-on, Fever – Women’s Basketball a media room displaying current games on seven Indianapolis Fuel – Ice Hockey television screens, and 1930's retro basketball Indianapolis Indians – AAA Baseball gymnasium. Indy Eleven – Soccer Indy 500 – Indy Car Indianapolis Zoo and Botanical Gardens Brickyard 400 - NASCAR The Indianapolis Zoo, a private non-profit NHRA Nationals – Drag Racing organization is the only institution accredited by the Association of Zoos and Aquariums and the Recreation American Alliance of Museums as a zoo, aquarium Golf Courses – Thirteen public golf courses are and botanical garden. The primary points where located in Marion County people connect with animals and plants are within Lakes and Reservoirs – Eagle Creek Reservoir, the Zoo's "biomes," or collection of habitats. The Geist Reservoir, Morse Reservoir, Heritage Lake biome concept presents approximately 250 species City Parks – Indy Parks manages 207 properties of animals and more than 2,000 varieties of plants State Parks – White River State Park, Ft. Harrison together in simulated natural habitats. State Park, Mounds State Park, Morgan Monroe State Forest, Atterbury State Fish & Wildlife Area Conner Prairie Interactive History Park Bark Parks – Four “bark parks” are located in Conner Prairie is a living history museum in Marion County Fishers, that preserves the William Conner home Indiana State Fairgrounds – Home to the annual (listed on the National Register of Historic Places) Indiana State Fair, Indianapolis Home Show, and and recreates a slice of life in 19th century Indiana. Indianapolis Boat, Sport & Travel Show

Indiana History Annual Festivals and Events The Indiana State Capitol, Indiana State Museum, International Violin Competition Indiana State Library, Indiana World War Memorial, Drum Corps International World Championships Indiana Soldiers and Sailors Monument are all Midwest Fashion Week located in downtown Indianapolis and afford Heartland Film Festival residents and visitors alike an opportunity to learn Gen Con about the Hoosier State in exciting ways. Symphony on the Prairie Circle City Classic Arts and Culture Venues Indiana Black Expo Indiana Repertory Theatre/Indiana Roof Ballroom Indy Jazz Fest Clowes Memorial Hall Indianapolis 500 Festival Phoenix Theatre Indiana State Fair

Just For Fun Indianapolis Motor Speedway Hall of Fame Kurt Vonnegut Memorial Library Museum, which opened in 1956. The museum The Kurt Vonnegut Memorial Library is dedicated to moved into its current building located in the infield championing the literary, artistic and cultural in 1975. Also on the grounds is the Brickyard contributions of the late writer, artist and Crossing Golf Resort, which originally opened as Indianapolis native Kurt Vonnegut, Jr. The library the Speedway Golf Course in 1929. The golf serves as a cultural and educational resource course has 14 holes outside of the track, along the facility, museum, art gallery and reading room. It backstretch, and four holes in the infield. supports language and visual arts education through programs and outreach activities with other Lucas Oil Raceway Park local arts organizations. is a racing circuit complex in Clermont. It has a 0.686-mile oval, 2.5-mile road course, and 4,400- Highlighted attractions of the library include a foot drag strip. museum, art gallery and reading room. The museum features rare remnants from Vonnegut’s Westfield Grand Park life, including the author’s Smith-Corona The 400-acre sports campus features 31 grass and Coronamatic 2200 typewriter, an unopened box of synthetic field sport fields and 26 baseball and the author’s Pall Mall cigarettes discovered by his softball diamonds along with other visitor amenities. children behind a bookcase following his death, a series of rejection letters sent to the author by Plainfield Recreation and Aquatic Center magazines, and a complete replica of his writing Splash Island Indoor Aquatic Center has studio. recreational and programmed swim times year- round! The 20,000 sq. ft. aquatic center features a Cultural Districts 5,742 sq. ft. leisure pool including three lap lanes, a Visit the Carmel Arts and Design District, two-story waterslide, zero depth entry, interactive Downtown Zionsville, and Indianapolis’ Mass Ave, children’s play area, gentle winding river and a Fountain Square, Broad Ripple and The Wholesale pulsating vortex. District for a vast array of cutting edge restaurants, vibrant bars, and thought provoking art galleries. Sister Cities Indianapolis has eight sister cities as designated by Dallara IndyCar Factory Sister Cities International. The new Dallara IndyCar Factory in Speedway lets you take the wheel in realistic driving simulators. Taipei, Taiwan (1978) Colgne, Germany (1988) Indianapolis Motor Speedway Monza, Italy (1993) In addition to the Indianapolis 500, the speedway Piran, Slovenia (2001) also hosts NASCAR’s Brickyard 400. From 2000 to Hangzhou, People's Republic of China (2009) 2007, the speedway also hosted the United States Campinas, Brazil (2009) Grand Prix for Formula One. The inaugural USGP Northamptonshire, United Kingdom (2009) race drew an estimated 400,000 spectators, setting Hyderabad, India (2010) a Formula One attendance record. In 2008, the speedway added the Indianapolis Motorcycle Grand Visit www.indypartnership.com for information on Prix. On the grounds of the speedway is the additional arts and cultural amenities.

Indianapolis Region Contact Us

Indy Partnership Staff

Chelsea Slack Executive Assistant for Economic Development 317-464-2226 [email protected]

Business Development

Paula Galloway Business Development Manager 317-464-2204 (office) 317-695-6613 (cell) [email protected]

Research

Jeff Barnett Research Director 317-464-2203 (office) 317-919-1444 (cell) [email protected]