DOING BUSINESS IN INDIANA

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Doing Business in Indiana

We’re building an economy of the future, and Indiana is ranked the No. 1 place to start a business. We secured over $33 billion of committed capital investment in just six quarters. That’s a figure that normally would have taken six years to achieve.

— David Rosenberg, Secretary,
Indiana Department of Commerce
Doing Business in Indiana
Indianapolis is the largest city in Indiana, with a population of 887,382, according to recent U.S. Census data. (Photo: Adobe Stock/Sean Pavone Photo)

  TARGETED GROWTH SECTORS

Industry 4.0: Robust talent and research pipeline, central location and innovative new tech mega park sites make Indiana ideal for industry 4.0.


Electric Vehicle Sector: Home of production facilities for global leaders such as Samsung SDI and Stellantis, Indiana offers superior cluster advantages for the EV sector.


Microelectronics & Semiconductor Manufacturing: Research and training leaders such as Purdue, plus the assets of the I-65 Hard Tech Corridor, make Indiana a strategic choice for microelectronics and semiconductor manufacturing.

  TOP PROJECTS

COMPANY
LOCATION
INVESTMENT
Eli Lilly and Company
Boone County
$3.7 billion
General Motors-Samsung SDI
St. Joseph County
$3 billion
ENTEK
Terra Haute
$1.5 billion
General Motors
Fort Wayne
$632 billion
Stellantis
N/A
$155 billion

FEATURED LOCATIONS

Hoosier Energy

Hoosier Energy has a dedicated team committed to building relationships with businesses and organizations that are looking to expand. Our team has intimate knowledge of the communities we serve and can help your organization find the solutions you need. We’re committed to bringing affordable, reliable, and sustainable energy to you..

New Castle Henry County Indiana

Conveniently located on I-70 in Central Indiana, Henry County offers small-town living with large cities nearby. Local schools enhance quality of life and provide practical vocational training. Site selection opportunities range from a growing industrial park to rural destinations with room to expand. Discover why Henry County is an ideal location, especially for manufacturing and food processing companies.

  FAST FACTS

Population (July 2022 est.): 6,833,037¹
Largest Cities (2020): Indianapolis (887,382); Fort Wayne (264,169); Evansville (117,258); Fishers 99,451); South Bend (103,527)¹
Real GDP: $353 billion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

ECONOMIC ACCELERATION

Indiana’s nationally recognized READI (Regional Economic Acceleration and Development) 2.0 program has awarded more than $487 million in grants to support 361 unique quality of place, quality of life, quality of opportunity, and workforce projects across the state. Another $500 million round of funding is upcoming in fall 2023.

  TOP BUSINESS FACILITIES RANKINGS

#1 Manufacturing Jobs
2023 State Rankings
#1 Manufacturing Output (% of GDP)
2023 State Rankings
#2 Automotive
2023 State Rankings
Top 10 EV Industry Investment
2023 State Rankings
Top 10 Agribusiness
2023 State Rankings
Top 10 Medtech/Medical Devices
2023 State Rankings
Top 10 Outdoor Recreation
2023 State Rankings
#1 Manufacturing Hubs (Small): Elkhart-Goshen
2023 Metro Rankings
Top 5 Fastest Growing Cities (Over 50K Pop.): Westfield
2023 Metro Rankings
Top 10 Most Affordable (Small; Under 50K Pop.): Richmond
2023 Metro Rankings

From the July / August 2023 issue of Business Facilities

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