The State of Indiana and Henry County provide an outstanding business climate. Emerging from a period of reliance on an automotive manufacturing employment base, Henry County is transitioning to a diversified economic base fueled by leveraging competitive advantages, a can do attitude, imagination, innovation and community involvement. We will lead East Central Indiana’s re-emergence with an inventive and sustainable economy while attracting growth-oriented businesses and enthusiastic talent.
Henry County has a track record of keeping their financial house in order and accommodating the needs of business by using development incentives to support new jobs and investment. The New Castle-Henry County Economic Development Corporation (NCHCEDC) is one of Indiana’s pioneering local economic development organizations. Established in 1980, the NCHCEDC has a long standing reputation of successful and effective economic development efforts.
Consider the following key considerations that make Indiana a great place for business:
- AAA credit rating without enacting or considering a general tax increase
- Property taxes capped and cut by one-third
- Ten-year infrastructure improvement plan that does not rely on gas or diesel taxes
- State tax exemption for patents developing new business technology or processes
- R&D sales tax credit on research and development equipment
- Personal property tax exemption on information technology equipment
Conexus Indiana has developed and interactive report-card website to describe the manufacturing and logistics conditions in all 50 states. Indiana received excellent marks in manufacturing, logistics, global reach, and tax climate.
The 2013 Indiana Business Outlook Report shows how Hoosier companies feel about business in the coming year.
Workforce dynamics is the most intuitive indication of regional economies. Persons will drive considerable distances for highly valued employment opportunities. Henry County is well positioned to attract labor from a number of metro areas including Muncie, Richmond,Anderson, and Indianapolis.
Indiana Department of Workforce Development prepares regular regional workforce reports. Recent Indiana Region 6 Labor Market Reviews: September 2014 Labor Market Report.
Here is a labor availability study for the Henry County labor shed. It was completed by Pathfinders.
Dr. Andy Bowne, Ivy Tech Chancellor, said "From a...economic development perspective its all about creating tomorrow's workforce..." Read more in the Chamber Magazine
Purdue University TAP
New Castle Area Careers Program
Drive Time Maps from Henry County Industrial Park