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Indianapolis Region Logistics

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Indianapolis Region Logistics INDIANAPOLIS REGION LOGISTICS 111 Monument Circle Suite 1950 Indianapolis, IN 46204 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 2017 will add over 15,200 jobs and over $1.8 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; Distribution and Logistics; Advanced Manufacturing; Technology; and Agribusiness. Located in the heart of the U.S., the Indianapolis Region is one of the best locations in all of North America from which to reach The Indy Partnership’s staff has decades of key U.S. and Canadian markets. cumulative project experience and offers start-to-finish assistance to help businesses make an informed, Our Services strategic location decision. The Indy Partnership provides clients with solid, quantifiable numbers on Information and Data Assistance: workforce, cost of doing business - including Our research team can help you analyze incentives and taxes - available sites, transportation prospective locations by providing cost of doing options and additional relevant data on a county-by- business information, utility rate estimates, county or region-wide basis. community profiles, wage data, demographics and education and training resources. Our business development professionals, working with our local county partners, assist companies throughout Location Assistance: the site selection process as they choose the ideal We’ll provide accurate information on available location for an expansion or location. Let us put our buildings and land to match your exact facility team to work for you. requirements. For more information, visit www.indypartnership.com. Business Incentives: We look forward to hearing from and working with you! We can assist you in identifying applicable incentive 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. E-mail: [email protected] Website: www.indypartnership.com Last Updated 5/17/2018 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 CITY OF FISHERS CITY OF NOBLESVILLE CITY OF WESTFIELD Brandon Dickinson Judi Johnson Todd Burton Director of Economic Development Economic Development Director Chief of Staff, Economic & Community Development 317-595-3100 317-776-6345 317-804-3170 [email protected] [email protected] [email protected] CORPORATION FOR ECONOMIC DEVELOPMENT BOONE COUNTY ECONOMIC (SERVING MADISON COUNTY) DEVELOPMENT CORPORATION Rob Sparks Molly Whitehead Executive Director Executive Director 765-642-1860 765-482-5761 [email protected] [email protected] HANCOCK ECONOMIC HENDRICKS COUNTY ECONOMIC DEVELOPMENT COUNCIL DEVELOPMENT PARTNERSHIP Skip Kuker Jeff Pipkin Executive Director Executive Director 317-477-7241 317-745-2400 [email protected] [email protected] DEVELOP INDY MORGAN COUNTY ECONOMIC (SERVING MARION COUNTY) DEVELOPMENT CORPORATION Ian Nicolini Mike Dellinger Vice President, Indianapolis Executive Director Economic Development 317-831-9544 317-464-2218 [email protected] [email protected] JOHNSON COUNTY DEVELOPMENT CORPORATION SHELBY COUNTY DEVELOPMENT Dana Monson CORPORATION Interim President and CEO Brian Asher 317-736-4300 Executive Director [email protected] 317-398-8903 [email protected] The 9-county Indianapolis Region includes Boone, Hamilton, Hancock, Indy Partnership Hendricks, Johnson, Madison, Marion, Morgan and Shelby counties. E-mail: [email protected] Website: www.indypartnership.com Last updated 6/5/2018 Indianapolis Region Logistics in Brief Site selection consultants and local Central Simply the Best Indiana logistics and distribution companies are Indianapolis International Airport was ranked #1 in finding that available real estate, central location, 2016 and #2 in 20174 among mid-size airports in transportation infrastructure, strong work ethic, passenger experience and was ranked the #1 airport and low costs are making Central Indiana one of in North America in 2010 and from 2012-20175. the best places to do business. In 2017, Area Development magazine ranked Indiana the #1 The Indianapolis International Airport is home to the business climate in the Midwest and #7 in the second largest FedEx hub in the world which U.S. Indiana also has the second lowest workers’ provides a unique opportunity to move goods 1 compensation premium costs in the U.S. efficiently. Air Freight Leader Cargolux, Europe’s largest air cargo carrier, began Central Indiana moves more than one billion metric service to Indianapolis in 2006, and offers non-stop tons of air freight every year, ranking the airport the flights to/from Europe. In addition to Cargolux and 25th largest in the world and 8th in the United States FedEx, seven additional airlines provide cargo in total air cargo2. To further improve capacity, shipping services at Indianapolis International FedEx completed a major expansion in conjunction Airport. with the new main terminal construction in 2008, bringing the FedEx hub to more than 2 million square Foreign Trade Zone feet. Indianapolis International Airport has Indiana is one of the largest export states in the constructed a 300,000 sq. ft. cargo facility with nation, moving $37.7 billion total goods in 20176. almost 50 acres of apron specifically for INzone is Central Indiana’s foreign trade zone, temperature-controlled product. The facility meets providing international economic incentives designed industry regulatory standards. to enhance foreign trade and relieve tariff costs. More information is available at www.inzone.org. The Crossroads of America Indianapolis is dubbed the Crossroads of America for Skilled Workforce a reason – it is one of the most centrally located The Indianapolis metro area is home to nearly 1,500 major cities in the United States, 75% of all logistics-focused companies, employing over 57,000 businesses in the United States are within a 1½ day experienced workers7. Companies like Express truck drive and more interstate highway spurs Scripts, Target, Walmart, Amazon, FedEx, Celadon intersect in Central Indiana than any other metro Group, GEODIS, and Online Transport have found area, including I-65, I-70, I-74, and I-69. the skilled workforce needed to make their businesses successful. World-class universities Indiana is ranked #1 in the US in number of pass- offer degree programs and curriculum specifically through interstates and #9 in total rail miles, moving related to logistics, including Indiana University, 3 nearly 110.7 million rail tons of freight in 2012 . Purdue University, and Ivy Tech Community College. 4 J.D. Power and Associates, 2017 1 Oregon Department of Consumer and Business Services, 2018 5 Airports Council International, 2017 2 Federal Aviation Administration and Airports Council International, 2017 6 US Census Bureau, 2017 3 Association of American Railroads, 2012 7 County Business Patterns, 2016 The 9-county Indianapolis Region includes Boone, Hamilton, Hancock, Indy Partnership Hendricks, Johnson, Madison, Marion, Morgan and Shelby counties. E-mail: [email protected] Website: www.indypartnership.com Last updated 8/23/2018 Indianapolis Region Cost of Doing Business . Lowest cost of doing business among Great Tax Structure Lakes States . 2nd lowest worker comp rates in U.S. Personal Income Tax . Lowest property tax ranking in the Midwest Current State Rate 3.23% . Best overall tax climate in the Midwest Local Option Tax (rates vary by county) . Best infrastructure in the Midwest Range: 1.0 – 2.72% . Rates are applied to adjusted gross income and do not vary based on No inventory or franchise taxes income. Source: Indiana Department of Revenue, 2018 . No tax on most business services . Indiana is a Right To Work State Indiana Corporate Adjusted Gross Income Tax Sources: CNBC, State of Indiana, Tax Foundation Current Rate 5.75% Rate will decrease annually on July 1, resulting in a 4.9% Real Estate Costs rate on July 1, 2021. Rates are applied to adjusted gross income and do not vary based on income. Various incentives are available to eligible companies to reduce Industrial Market (Q3 2018) this rate. Source: Indiana Economic Development Corporation, 2018 Inventory 273,924,481 Sq. Ft. Vacancy Rate 4.5% Avg. Asking Lease Rate/Sq. Ft. $4.34 Indiana Sales and Use Tax 7.00% Exemptions include: Manufacturing raw materials, manufacturing equipment, utilities and other consumables used in production and Office Market (Q3 2018) environmental control equipment used by manufacturers. Inventory 36,735,793
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