Labor + Operating Costs
Operating costs are low in Northeast Indiana and support a range of businesses, from homegrown entrepreneurs like Sweetwater Sound and Vera Bradley to the region’s largest automotive manufacturer, General Motors.
With one of the nation’s top tax climates and best regulatory environments, Northeast Indiana has worked together to create a setting for success in Fort Wayne and surrounding counties. Paired with an affordable labor force of both skilled and educated workers, as well as below-average operating costs, Northeast Indiana is a top location for those looking to relocate or expand their business.
Business-Friendly Regulatory Environment
In 2012, Indiana became the first state in more than a decade to pass right-to-work legislation. This allows for greater freedom for businesses by increasing the economic opportunities in an increasingly globalized, competitive marketplace.
Skilled, Educated Workforce
Northeast Indiana combines an innovative, forward-thinking approach with a Midwestern work ethic to create a talent formula that is unparalleled anywhere in the U.S.
- Northeast Indiana’s higher education institutions produce 8,500 graduates annually from programs related to the region’s target sectors – and they make sure that talent is coming to you.
- The region boasts a wide array of career and technical programs, including the Northeast Indiana Colleges and Universities Network, a consortium of 10 institutions harnessing their collective 40,000 enrolled students to feed to the specific talent needs of companies to create custom training programs.
- In addition to quickly reaching private industry, there are more than 200,000 graduates from Tier 1 and Tier 2 universities within 200 miles of Northeast Indiana, with major universities like Notre Dame, Purdue University, Indiana University, Michigan State University and The Ohio State University all nearby.
Creating an environment that’s good for business is something Indiana takes seriously. Due to legislation in 2011, Indiana’s corporate income tax rate fell by 2 percent. This was the continuation of a scheduled multiyear reduction, which will ultimately see the corporate income tax rate reduced to 4.9 percent by 2022, making Indiana’s the second-lowest corporate tax rate of any state levying the tax.
Infrastructure + Utilities
Northeast Indiana’s geographic position and multimodal connection to major markets make it a principal “hub to the Midwest.” Northeast Indiana’s central location makes Chicago, Cincinnati, Cleveland, Columbus, Detroit and Indianapolis reachable within a three-hour drive. Northeast Indiana has an excess water supply and a highly reliable business infrastructure system from utilities to roads to ports.
Employment & Wages
The money saved on operating costs, including wages, is often a powerful deciding factor for businesses looking to call Northeast Indiana home.
Source: Emsi 2020.4; QCEW, non-QCEW and Self-employed (2021 Q4 Data will be released on 10/29/2021)
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