|
Highly competitive operating costs combined with an
available, dedicated workforce make Indianapolis a desirable
business location and one of the nation’s most
affordable cities. Local and state incentive programs
for new businesses complete the package of benefits.
Office, industrial, and green space lease rates in Indianapolis
are the lowest in the nation for a market of comparable
size.
Favorable Tax Structure
Indianapolis’ favorable tax structure makes it
an extremely competitive location for your business
and employees:
- Indianapolis' personal income tax rate is one of
the lowest in the country – which means your
employees take home more of what they earn
- Indianapolis' sales tax rate is generally lower
than competing communities and is of benefit to Indianapolis
businesses.
Lower Worker’s Compensation
and Unemployment Insurance Rates
- At $1.37 (per $100 of payroll), Indianapolis’s
workers’ compensation rate is far lower than
comparative cities. Our unemployment insurance rate
is also competitive.
|
Workers Comp Rate
(per $100 of payroll) |
Unemployment Insurance
Rate
(% of payroll) |
Indianapolis
|
$1.37
|
2.70% |
Atlanta
|
$2.32
|
2.70% |
Charlotte
|
$2.17
|
1.20% |
Chicago
|
$2.73
|
3.10% |
Cincinnati
|
$2.89
|
2.70% |
Columbus
|
$2.89
|
2.70% |
Greensboro
|
$2.17
|
1.20% |
Kansas City
|
$2.39
|
2.97% |
Louisville
|
$2.87
|
2.70% |
| Memphis |
$2.30
|
2.70% |
| St. Louis |
$2.39 |
2.97% |
|
Lower Utility Rates
- According to a Citizen’s
Gas & Coke Utility study, gas cost per therm is
19.27% below average compared to 13 Snow Belt cities.
Total non-gas costs are 58.44% lower.
- Indianapolis has the lowest industrial
service rates
and the 2nd lowest commercial/industrial service rates
out of the 20 largest U.S. cities with investor-owned
utilities.
- Monthly water and sewer costs
are also extremely competitive.
|
Monthly
Water
& Sewer Costs |
Indianapolis
|
$17,886
|
Atlanta
|
$32,232
|
Charlotte
|
$32,303
|
Chicago
|
$17,165
|
Cincinnati
|
$28,391
|
Columbus
|
$28,507
|
Greensboro
|
$30,124
|
Kansas City
|
$24,870
|
Louisville
|
$25,704
|
| Memphis |
$9,283
|
| St. Louis |
$18,923 |
|
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