AMERICA PLACE AT RIVER RIDGE 350 SALEM DRIVE JEFFERSONVILLE, IN 47130 WHY INDIANA?
• Indiana has deliberately and aggressively built a business friendly environment where commerce thrives
• On February 1, 2012 Indiana became the 23rd state in the nation and the first state in the industrial Midwest to pass right-to-work legislation.
• Your “Southern Indiana Team” will support you long after the ribbons have been cut. WHY INDIANA? Fiscally Sound & Growing Our Economy
• A triple-A credit rating from all 3 agencies (Standard & Poor’s, Fitch, and Moody’s) • Outpacing the nation in job growth • NO Inventory Tax • NO Gross Receipts Tax • NO Local Sales Tax • NO Inheritance Tax • 2nd Lowest Workers’ Compensation Cost • 4th Lowest Business Property Tax Rate • 11th Lowest State Unemployment Tax • Falling Corporate Income Tax to 6.5% (4.9% by 2021) • Falling Individual Income Tax to 3.3% (3.23% by 2017) • 2016 Legislation—more than $1 billion toward state and local roads STATE BUSINESS RANKINGS INDIANA
CNBC 2 Cost of Doing Business
CNBC 3 Best State Infrastructure
The Pacific Research Institute Best Regulatory Environment 1
Area Development magazine 1 2015 Top State for Doing Business—Most Improved Economic Development Policies
Forbes 2015 Best States for Business & Careers—Regulatory Environment 4
Forbes Best States for Business 2017 4
Tax Foundation 8 State Business Tax Climate Index WHY SOUTHERN INDIANA?
Small Town Charm, Big City Amenities…
Easy Access to Downtown Assets
Without the challenges of urbanization WHY SOUTHERN INDIANA? WORK FORCE
• Southern Indiana’s workforce developed from its agrarian roots with a strong work ethic—a get to work on time attitude
• Potential Workforce Pool, Louisville MSA*: . Manufacturing: 78,724 . Transportation and warehousing, utilities: 43,880
• Recruitment and Retention
*Source: Greater Louisville, Inc., 05/2016 WHY SOUTHERN INDIANA? WORK FORCE
Southern Indiana enjoys access to nearly 30 universities and colleges in the area offering over 13,000 degrees
Top 5 Universities (by number of annual graduates) University of Louisville Sullivan University Jefferson Community and Technical College Indiana University Southeast Bellarmine University
Ivy Tech Community College has the ability to provide customized on-site training for Project Kane More than COLLEGES 50 AND UNIVERSITIES totaling more than 100 campuses around the state
INDIANA IS HOME TO LEADING RESEARCH UNIVERSITIES INDIANA UNIVERSITY PURDUE UNIVERSITY ROSE-HULMAN UNIVERSITY OF NOTRE DAME
Source: National Center for Education Statistics, LearnMoreIndiana.org NATIONAL LEADER IN EDUCATION
► #1 School of Engineering* ROSE-HULMAN INSTITUTE OF TECHNOLOGY
► #2 Midwest Regional University BUTLER UNIVERSITY
► #4 Entrepreneurship Program INDIANA UNIVERSITY #1 ► #4 Accounting Program UNIVERSITY OF NOTRE DAME
► #10 School of Engineering PURDUE UNIVERSITY
Source: U.S. News and World Report, 2014. *Rose-Hulman ranked with schools where doctorate not offered. Purdue ranked with schools where doctorate offered. WORKFOCE RECRUITMENT & DEVELOPMENT
Through our workforce development partners, Southern Indiana will support your project by: Providing On-the-Job Training Dollars Providing no-cost job postings through the state’s labor exchange system. These postings can be accessed conveniently online or through our local WorkOne office. Providing no-cost candidate screening for specialized qualifications by our local WorkOne staff Providing no-cost applicant assessments for career readiness through the ACT WorkKeys program Providing no-cost hiring events for recruiting, including support for screening and application process – all customized to Project Kane’s needs WHY SOUTHERN INDIANA? • The Ohio River Bridges Project is Complete • Now served by the new Lewis & Clark Bridge (I-265), the new Lincoln Bridge (I-65 North), and the renovated Kennedy Bridge (I-65 South)
• River Ridge Commerce Center • 6,000 acres of prime real estate
• Transportation Corridor • Direct Port Linkage
• Clark Regional Airport • Extension to 7,200 ft.
• Downtown re-birth • New Albany • Jeffersonville CROSSROADS OF AMERICA ► AIR Indianapolis International Airport is the 5th largest cargo airport and is home to the 2nd largest FedEx hub worldwide
► RAIL 1st in the U.S. for rail tons of primary metal products originated and 3rd in the U.S. for total freight railroads
► ROAD Leading state in pass-through interstates
► WATER With 3 international ports and 407 miles of navigable waterways, Indiana is home to the only statewide port system providing international connections for America’s Heartland via the Great Lakes and Ohio Mississippi river system.
► INFRASTRUCTURE INVESTMENT By the end of calendar year 2015, over $11 billion will be invested.
Source: Conexus Indiana, INDOT, Ports of Indiana 12 EASY ACCESS TO MAJOR U.S. MARKETS
INDIANA IS WITHIN A ONE-DAY DRIVE OF
80% OF THE U.S. POPULATION
Source: Indiana Chamber of Commerce (5/2012) 2 LOGISTICS – AIR FREIGHT 2nd largest FedEx hub in Indianapolis, IN Largest UPS hub in Louisville, KY DHL Americas hub in Hebron, KY 1.9 million tons of cargo passed through O’Hare International Airport in Chicago, IL FAA, All-Cargo Landed Weight for FY2013 WHY AT RIVERRIDGE?
America Place is the inspired leader in commercial real estate in the Louisville Metro market. America Place’s unique properties will redefine your company’s real estate presence and enhance your corporate identity.
Office Campus currently under construction! WHY AT RIVERRIDGE?
America Place offers the latest in architectural and landscape environments. Our campus communities are designed to reshape corporate America’s workplace form and function and transform corporate identities into Landmark Companies.
Winner’s Circle Campus WHY AT RIVERRIDGE? America Place at River Ridge has welcomed two Fortune 500 companies to our tenant mix over the past two years – Tenneco and Mondelez subsidiary Enjoy Life Foods.
America Place’s long term hold strategy has led to several long lasting client relationships, with some calling our properties home for more than 30 years.
Our facilities at River Ridge are intended for single tenants. Our company is locally-based, internally funded, and can offer quality tenants unique financing options that might not be available from other developers. America Place would be willing to discuss amortizing equipment purchases and warehouse build-out over the initial term of the lease. WHY AT RIVERRIDGE?
• Fast-growing business park in close proximity to downtown center of Louisville, Kentucky • Access to: • Major Interstates – including I-65, I-64, and I-71 • Clark Regional and Louisville International Airports • Port of Indiana-Jeffersonville • Major Railways • UPS Worldport Hub • U.S. Foreign Trade Zone • Indiana Urban Enterprise Zone • Abundant Water Supply WHY AT RIVERRIDGE? Join a growing number of top-tiered international businesses that have discovered the power of River Ridge Commerce Center. Locate in a business park with the first-rate logistics and resources needed to establish a world-class business. Global business leaders that have found success at River Ridge Commerce Center include: STATE INCENTIVES • Economic Development for a Growing Economy (EDGE) • Provides a REFUNDABLE tax credit to Project Kane • Based on employee payroll withholdings
• Skills Enhancement Fund (SEF) • Provides assistance to Project Kane to support training and upgrading of skills of employees • Grant may reimburse a portion (up to 50%) of eligible training costs over a period of two full calendar years
• Hoosier Business Investment Tax Credit (HBITC) • Non-refundable corporate income tax credits calculated as a percentage of the eligible capital investment to support Project Kane • The credit may be certified annually, based on the phase-in of eligible capital investment, over a period of two full calendar years from the commencement of the project. LOCAL INCENTIVES
• Urban Enterprise Zone (UEZ) 10-year Investment Deduction (property tax abatement, real property)
• Urban Enterprise Zone (UEZ) 10-year Investment Deduction (property tax abatement, personal property)
• Investment deduction incentive can capture Project Kane’s future investments along with the initial investment
• As a qualified UEZ business, Project Kane will not require public approval to receive this incentive
• These local incentives will be utilized in conjunction with incentives from the State of Indiana AMERICA PLACE CONTACTS Debbie Smith Chief Financial Officer America Place [email protected] 812.288.4251
Taylor King Director of Leasing and Marketing America Place [email protected] 812.288.4251