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Executives Rank Indiana Best

Executives Rank Indiana Best. First in the Midwest and 11th nationally 2009 Best Places for Business survey of more than 500 chief executives. March, 2009. CNBC Names Indiana Top State for Business Friendliness. Fourth nationally for overall “business friendliness”. July, 2009.

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Executives Rank Indiana Best

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  1. Executives Rank Indiana Best • First in the Midwest and 11th nationally • 2009 Best Places for Business survey of more than 500 chief executives March, 2009

  2. CNBC Names Indiana Top State for Business Friendliness • Fourth nationally for overall “business friendliness” July, 2009

  3. National Leader for Low Cost of Doing Business • First in the Midwest and sixth nationally • July, 2008

  4. Best in Midwest for Low Taxes • First in the Midwest and 12th nationally (up from 14th in 2008) • Illinois (30th), Kentucky (20th), Michigan (17th), Ohio(47th) September, 2009

  5. State Taxes and Spending: Origins and DestinationsMetropolitan area share of total taxes paid: 82.5%Metropolitan area share of spending benefits: 76.7%Spread: -5.8%Non-metro share of total taxes paid: 17.5%Non-metro share of spending benefits: 23.3%Spread: +5.8%Source: Intrastate Distribution of State Government Revenues and Expenditures in Indiana, Indiana Fiscal Policy Institute (January 2010)

  6. State tax increases since beginning of recession States that have raised taxes States where taxes may be going up Source: State Tax Notes, various news clips

  7. AAA Bond Rating – Best in History • One of 11 States with AAA rating • S&P cited state’s diversifying economy, budgeting, property tax reform and low debt as rationale for upgrade

  8. Best “sandbox” results in new jobs Major initiatives since 2005 aimed at improving Indiana’s competitiveness: • Major Moves –Ten-year fully funded $12 billion highway plan that includes more than 200 new construction and 200 major preservation projects • Telecommunications Reform - Indiana’s Telecommunications Deregulation Act has brought increased competition, leading to new investments and jobs • Patent Income Exemption- Exempts certain income derived from qualified patents from the calculation of a company’s tax liability • Buy Indiana – Pumps up to $1.2 billion back into the Indiana economy by directing state agencies to purchase goods from Indiana businesses • Property Tax Relief – Cut property taxes by 1/3, capped property taxes on all classes of property, and eliminated nearly 1,000 township assessors • Regulatory Reform – All state agencies align objectives to job growth

  9. Commitments for New Jobs and Investment New Job Commitments • Since its creation, the IEDC has worked with over 800 businesses who have committed to create more than 100K new jobs and invest over $20B • The average wage for new jobs committed in 2009 is $20.95/hour – above state average of $18.32/hour. New Capital Investment Commitments Billions 2005 2006 2007 2008 2009 * As of 12/31/2009

  10. Project Volume By Year • As of 12/31/2009

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