Anderson / Madison County, Indiana BUSINESS CLIMATE Madison County’s diversity in industry also reflects our strong Foreign Direct Investments. Companies from around the world now call Madison County their home. Switzerland –Nestlé -food processing and distribution Japan –GTI –auto parts manufacturing; Keihin –North American Headquarters; ELSA -auto parts; Carter Express (partners with Japan) –logistics China –Altairnano -energy systems storage Germany –Muhlen Sohn –precision heavy woven fabric belting &industrial fabrics; Israel –Taditel -microelectronic technologies; HDP Home Products -resign products Canada –Mancor -metal component precision Labor Force (2012-2013) County Labor Force: County Unemployment Rate Dec.13: High School Diploma +: Bachelor’s Degree +: Local Taxes 61,175 8.3% 87.1% 17.1% County Industry Overview (2013) Covered Employment 38,458 Avg. Wage: $33,906 Manufacturing 10% Avg. Wage: $53,759 Health Care & Social Assistance 16.5% Avg. Wage: $38,456 Transportation & Warehousing 5.5% Avg. Wage: $41,027 Finance & Insurance 2.5% Avg. Wage: $47,831 Commuting (2012) Into Madison County: 8,078 (11.3% of Madison Co. Labor Force) Out of Madison County: 16,614 (23.2% of Madison Co. Labor Force) Leading County Employers (2014) Red Gold 1,350 emp. Community Hospital 1,225 emp. St. Vincent Health System 1,125 emp. Pendleton Correctional 1,045 emp. Hoosier Park Racing & Casino 760 emp. Nestlé USA 700 emp. Carter Logistics 650 emp. Affiliated Computer Services 500 emp. (2011 per HEA 1001) Business Property Tax: Homestead Property Tax: Residential Property Tax: County Option Income Tax: Food & Beverage Tax: Innkeepers Tax: State Sales Tax: 3.0% capped 2.0% capped 1.0% capped 1% income 1% sales 5% hotel room 7% Cost of Doing Business State of Indiana (2013) Inventory Tax Rate: 0 –No Inventory Tax Corporate Income Tax Rate: 7.5%, reduced to (IN uses Single-Sales Factor) 7% by July 2014 6.5% by July 2015 State Sales Tax Rate: 7% Individual Income Tax Rate: 3.4%, reduced to 3.23% by 2017 Property Tax Index Rank: 11 Workers Compensation Premium Rate Rank: 2 Per Capita Income: $38,119 GDP: $298.6 Billion Avg. Retail $ of Electricity, Industrial Sector: 6.39 cents/kWh Unemployment Insurance Tax: New Employer 2.5% Minimum to Maximum 0.7% - 9.5% Wage Base $9,500 *As of 2012 Indiana is a “RIGHT TO WORK” State **As of 2014 Indiana is ranked 10th for lowest taxes Kevin Smith Mayor, City of Anderson 765-642-6000 [email protected] Greg Winkler ED Director, City of Anderson 765-648-6112 [email protected] Ron Arnold Mayor, City of Elwood 765-552-5076 [email protected] Bill Savage ED Director, City of Elwood 765-552-8384 [email protected] Jack Woods Mayor, City of Alexandria 765-724-4633 [email protected] Warren Brown ED Director, City of Alexandria 765-278-7345 [email protected] Tim McClintick Manager, Town of Pendleton 765-778-2173 [email protected]
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