IMPA & Indiana Advantages

A strong industrial and commercial base helps support the overall welfare of these municipalities.  One of the great things about being in a public power community is that IMPA’s Members are committed to helping business thrive in their community.  Unlike investor-owned utilities, IMPA’s municipal utilities are non-profit and their top priority is to provide low-cost, reliable and environmentally-responsible electricity.   In addition to electric utility revenues, businesses support the local tax base and contribute to the health and strength of these municipalities.

Indiana’s Gross Domestic Product grew 4.6% in 2010, compared to the national rate of 2.6%, and this is the third highest growth rate in the United States (U.S. Bureau of Economic Analysis).  When compared to other states, Indiana consistently ranks among the top states in which to do business.  Here is a summary of some of the recent pro-business accolades that Indiana has received:
  • Indiana ranked 5th in the nation in Area Development magazine’s “Top States for Doing Business” ranking (Sept. 2011).
  • Indiana’s business climate ranked sixth in Site Selection magazine’s 2011 business climate rankings (Nov. 2011).
  • Chief Executive magazine ranked Indiana the 6th best state for business in its annual “Best & Worst States” survey of more than 500 chief executives (May 2011).
  • The Indiana Economic Development Corporation was one of three states to receive Area Development magazine’s 2011 Gold Shovel award, which is the publication’s top honor for economic development efforts.
  • Indiana is one of only 9 states that now have triple-A credit ratings from all 3 reporting agencies (Standard & Poor’s, Fitch and Moody’s).
  • Indiana ranked in the top 10 by Dr. Ronald R. Pollina for Pollina’s Corporate Real Estate’s Top 10 Pro-Business States for 2011  (Aug. 2011).
There are competitive advantages about doing business in the State of Indiana.  Indiana has world-renowned universities and colleges – providing unparalleled educational opportunities in science, engineering and medical fields. In addition, Indiana also has a strong community college network of Ivy Tech College throughout the state where specific training can be developed to match local employers’ needs.  Several IMPA communities, including, Anderson, Crawfordsville, Frankfort, Richmond, Lawrenceburg and Tell City, have an Ivy Tech presence. 

Indiana’s workforce and infrastructure help position it for certain industries.  The state is perfectly situated for manufacturing as well as the transportation, logistics and distribution industries.  Indiana’s strong infrastructure includes:
  • eight interstates, which connect in Indiana and run throughout the United States
  • strong rail systems
  • air cargo capabilities; and
  • port access.
The cost of skilled labor is also attractive in the industries compared with competing states, and this greatly contributes to the overall cost of doing business in the state.  See the Indiana Economic Development Corporation’s cost comparisons by region.

Related Links:
11610 North College Avenue
Carmel, Indiana 46032
317-573-9955    317-575-3372 (fax)

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