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The Indiana Advantage

 

The information in this report was prepared by Cinergy Corporation. 

 

 

  • Admitted as the 19th state in 1816
  • 36,185 square miles (93,720 square km)
  • Population - 5,907,617 (U.S. Rank - 14)*
  • State Capital - Indianapolis - population 1,519,194 MSA*
  • State motto - "The Crossroads of America"

Climate:

  • Four seasons
  • 18° to 35°F (-8° to 1.7°C) average January temperature
  • 61° to 82°F (16° to 28°C) average June temperature

Labor force:**

  • 3,130,165 total
  • Employed - 3,035,165

*Bureau of the Census 1998 estimate
**Source: Indiana Department of Workforce Development 1999

Cost of Living Cost Comparison

Indiana offers a comfortable lifestyle at an affordable cost. Using a national cost of living comparison, Indianapolis is 8% below the 104.6 national average.

Source: ACCRA Quarterly Cost of Living Index 1999

United States Housing Cost Comparison

Using Indiana's state capital as a basis for comparison, Indiana offers very affordable housing compared to other major metropolitan areas across the country.

1,800 sq. ft. (167.2 sq. m) living area new house, 8,000 sq. ft. (743.2 sq. m) lot, urban area with all utilities.
Source: ACCRA, 1999


Population Estimates

Age
1998     
Age
1998
0 - 4 years 410,739      50 - 54 years 346,219
5 - 9 years 420,045      55 - 59 years 280,175
10 - 14 years 419,777      60 - 64 years 229,775
15 - 19 years 444,226      65 - 69 years 206,516
20 - 24 years 394,132      70 - 74 years 189,408
25 - 29 years 413,646      75 - 79 years 154,085
30 - 34 years 425,060      80 - 84 years 101,610
35 - 39 years 483,666      85+ years 87,968
40 - 44 years 477,568     
45 - 49 years 414,580     
Total
5,889,195


 

 

 

 

 


Source: U.S. Census Bureau 1998

Indiana's growth rate of 7.2% compares favorably with that of neighboring states. The Midwest region grew by 6.1% during the same nine-year period. Indiana has grown faster than Michigan, Illinois and Ohio, with a slightly lower rate of growth than Kentucky.

 

Population Increase

Percent Change
1990 - 99 1990 - 99
Illinois 697,768 6.1
Indiana 398,745 7.2
Kentucky 273,933 7.4
Michigan 568,488 6.1
Ohio 409,539 3.8
Source: U.S. Census Bureau 1998

Indiana Manufacturing Rankings

Product Classification National Ranking
Aluminum ingots 1st
Burial caskets 1st
Electrical engine equipment 1st
Limestone 1st
Magnetic wire 1st
Mobile homes 1st
Raw steel production 1st
Travel trailers 1st
Truck & bus bodies 1st
Hardwood veneer 2nd
Musical instruments 2nd
Electrical coils & transformers 3rd
Motor vehicle parts 3rd
Plastic electronic parts 3rd
Pharmaceuticals & medical instruments 5th
Surgical supplies 5th

Source: Annual Survey of Manufacturers U.S. Department of Commerce

  • Central location to U.S. manufacturing heartland
  • Solid transportation distribution network
  • Seven interstate highways
    • 1,173 interstate miles (1,888 km)
    • 11,313 highway miles (18,206 km)
  • 1 day drive to 60% of the U.S. markets
  • Only 5.3% of Indiana's highways (interstate highways, freeways and expressways) are congested or nearly congested at peak periods, compared to 15.1% nationally.
    •

    Source: U.S. Department of Transportation Federal Highway Administration

    Indiana and the Midwest Advantage

    Indiana's primary market area, a 625 mile (1,006 km) radius, includes 65% of the nation's population, more than 200 U.S. cities and Canada's principal industrial belt.

    Indiana's economy benefits from its road, rail, water and air transportation systems.

    The ability of these systems to support economic development and growth continues to be an important objective of state and local government.

  • Seven interstate highways (more than any other state in the nation)
  • Ranked 7th in nation, with 654 airport facilities
  • Four class I railroad carriers
  • 3,590 miles of class I track
  • Three outstanding water ports
    •

    Source: Indiana Department of Transportation

    Truck Driving Times

    Actual driving time from Indianapolis in hours:minutes
    2:00 to Louisville
    2:30 to Cincinnati
    3:30 to Columbus, OH
    3:50 to Chicago
    5:00 to St. Louis
    5:30 to Milwaukee
    6:20 to Detroit
    7:15 to Charleston, WV
    7:20 to Cleveland
    7:30 to Pittsburgh
    8:30 to Memphis
    10:00 to Des Moines, IA
    10:00 to Winston Salem
    10:30 to Little Rock
    10:30 to Toronto
    10:45 to Birmingham
    11:30 to Kansas City
    12:00 to Atlanta
    13:30 to Charleston, SC
    14:10 to Jackson, MS
    15:15 to Richmond, VA
    Source: Automap software

    Indiana Air Transportation Advantage

    654 airports; ranked 7th in the nation

    Indianapolis International Airport
    Indiana areas within 65 miles (105 km) of an international airport.
      - 8th largest cargo airport in the nation
     - 16th largest cargo airport in the world
     - 18 airlines
     - Direct flights throughout the U.S.
     - Below national average fares
     - Direct international cargo to Europe, Asia and Canada
     - 7.4 million passengers in 1999
     - Hub for U.S. Postal Service's express mail service
     - Federal Express has 2nd largest hub located here
     - Federal Express maintenance hangar
    - United Airlines maintenance center
    - ATA headquarters (9th largest airline in the U.S.)

    Source: Indianapolis Airport Authority 2000

    Indiana Rail Transportation

    • 3,590 miles (5,777 km) of class I track
    • 63,855,628 tons (57,927,780 metric tons) of freight per year
    • Major rail company service
      - CSX transportation
      - Norfolk Southern
      - Canadian Pacific
      - CP/SOO
      - Grand Trunk Western Railroad, Inc.
    • Indiana Rail Road is a fast growing short line operating within the state

    Source: Indiana Department Of Transportation

    Indiana Water Transportation

    • Three major ports
    • Year-round access to intercoastal waterway
    • Clark Maritime Centre, Jeffersonville
           - 3 berths
           - 1.4 million tons (1.27 million metric tons) of shipping per year
           - Established 1985
           - 450 ton (408 metric ton) lift capacity
    • Indiana's International Port, Lake Michigan
           - 11 berths
           - 2.07 million tons (1.88 million metric tons) of shipping per year
    • Southwind Maritime Centre, Mt. Vernon
           - Established 1977
           - 1 million tons (.91 million metric tons) of shipping per year
           - Fourth largest port on the Ohio basin

    Source: Indiana Port Commission, 2000

    A state of many countries

    Total Indiana Exports in 1999 $13,970,000,000
    Top Seven Industries
    Transportation Equipment $4,095,839,000
    Ind. Machinery & Computer Equipment $2,158,642,000
    Chemicals $2,070,425,000
    Electronic Equipment $1,335,296,000
    Sophisticated Equipment, Etc. $854,530,000
    Fabricated Metal Products $826,346,000
    Primary Metal Industries $656,738,000
    Top Seven Countries
    Canada $7,447,347,000
    United Kingdom $885,880,000
    Mexico $812,079,000
    Japan $758,460,000
    France $432,618,000
    Germany $410,658,000
    Netherlands $280,460,000
    Source: Global Business Information Network

     

    Distribution of Indiana non-agriculture wage and salaried employment

    Source: Indiana Workforce Development, 2000

    Indiana Business Climate

    Workers' Compensation Average Net Insurance Costs

    It costs less to do business in Indiana as demonstrated by the state's low workers' compensation insurance cost -- the lowest
    in the region.

    Source: Workers' Compensation State Rankings Manufacturing Industry Rates and Statutory Benefit Provisions, 1999 Edition. Actuarial and Technical Solutions, Inc. The state of Ohio was not included in the 1999 edition

    Average State Unemployment Insurance Compensation Benefits

    Indiana is a leader in terms of low labor-related costs. State-regulated employment costs, specifically average unemployment compensation benefits, are very low for the Midwest.

    Source: U.S. Department of Labor, UI Data Summary, 4th quarter 1999. Average weekly benefit amount -- benefits paid for total unemployment divided by weeks compensated
    for total unemployment over the previous twelve months.

    Indiana Higher Education

     

    Eighty percent of all Indiana residents live within 30 - 45 minutes of at least one public campus.

    1. Anderson College, Anderson
    2. Tri-State University, Angola
    3. Indiana University, Bloomington
    4. Wabash College, Crawfordsville
    5. University of Evansville, Evansville
    6. University of Southern Indiana, Evansville
    7. Fort Wayne Bible College, Fort Wayne
    8. St. Francis, Fort Wayne
    9. Indiana Institute of Technology, Fort Wayne
    10. Franklin College, Franklin
    11. Goshen College, Goshen
    12. DePauw University, Greencastle
    13. Hanover College, Hanover
    14. Huntington College, Huntington
    15. Butler University, Indianapolis
    16. IUPUI, Indianapolis
    17. Marian College, Indianapolis
    18. University of Indianapolis, Indianapolis
    19. Manchester College, North Manchester
    20. Indiana Wesleyan University, Marion
    21. Ball State University, Muncie
    22. I.U. Southeast, New Albany
    23. Oakland City College, Oakland City
    24. St. Joseph's College, Rensselaer
    25. Earlham College, Richmond
    26. Bethel, South Bend
    27. St. Mary's College, South Bend
    28. University of Notre Dame, South Bend
    29. Indiana State University, Terre Haute
    30. Rose-Hulman Institute of Technology, Terre Haute
    31. St. Mary-of-the-Woods, Terre Haute
    32. Taylor University, Upland
    33. Valparaiso University, Valparaiso
    34. Vincennes University, Vincennes
    35. Purdue University, West Lafayette
    36. Calumet, Whiting
    37. Grace College, Winona Lake

    Ivy Tech campuses

    Ivy Tech State College is a public statewide, open access, community based, technical college. The College provides courses, degree programs, technical assistance and community service to individuals, communities and businesses across the state.
    1. East Chicago
    2. Michigan City
    3. South Bend
    4. Elkhart
    5. Gary
    6. Valparaiso
    7. Warsaw
    8. Fort Wayne
    9. Logansport
    10. Marion
    11. Kokomo
    12. Muncie
    13. Lafayette
    14. Anderson
    15. Indianapolis
    16. Richmond
    17. Columbus
    18. Bloomington
    19. Terre Haute
    20. Lawrenceburg
    21. Madison
    22. Sellersburg
    23. Evansville

    The Indiana Tax Advantage
    State/Local taxes per $1,000 of personal income.

    State
    Ranking
    		Total Taxes*
    Indiana 1 $109.59
    Michigan 2 111.28
    Illinois 3 111.67
    California 4 115.56
    Ohio 5 115.69
    Kentucky 6 119.36
    Wisconsin 7 136.66
    New York 8 152.55
    U.S. Average 116.94
    Industrial Average 119.93
    Midwest Average 116.52

    *Tax Receipts are total state and local taxes paid per $1,000 of state personal income.
    Source: Indiana Tax Climate, Indiana Fiscal Policy Institute

    Indiana's strategic location within 625 miles (1,006 km) of 84% of U.S. car production
    is a factor contributing to its importance as a site for automotive investment.

    Passenger car and truck assembly facilities located within 625 miles of Indianapolis.