MIDCOR Madison Jefferson County Industrial Development in Madison Indiana

| cost comparison | state taxes in brief |

Your Competitive Advantage:

Jefferson County
and
Historic Madison,
Indiana

Community Fact

Jefferson County observes Eastern Standard Time year round.

Community Fact

Much of the beautiful iron work that graces the French quarter in New Orleans came from the advanced foundries of Madison.

If you are looking for an accessible, affordable, pro-business environment in which to grow your business, Jefferson County and Historic Madison, Indiana, is the answer.

Recent surveys indicate that Jefferson County and Historic Madison, Indiana, is a good place to do business. The relationships between city and county, between business and government and between management and labor are all reported to be strong and healthy. There is no local income tax, little union activity and the wage scale in Southeastern Indiana is very competitive. Click here to view Indiana Department of Workforce Development Labor Market Data for Region 9.

According to the U.S. Department of Energy (DOE), energy rates for Indiana's industrial customers are 17% lower than the national average. For specific rate information, please contact the utility representatives.

Cost of Doing Business Graph

Including Corporate State Income Tax, Workers Compensation and Unemployment Insurance. Based on 100 employees and Net Taxable Income of $1M. Source: Indiana Department of Commerce, August 1999.

(ACCRA) Second Quarter 2000
Total Cost of Living Composite Index (U.S. Average = 100.0)

Indianapolis (IN) 94.7 Charlotte (NC) 99.2

Nashville (TN) 94.8 Columbus (OH) 105.3

Louisville (KY) 96.6 Madison (WI) 110.3

Lexington (KY) 96.9 Detroit (MI) 110.5

Cincinnati (OH) 98.3 Chicago (IL) 116.5

New employer rate:	2.7%
Experienced employer average rate:	1.3%
Taxable wage base:	$7,000

The average rate for manufacturing is $1.99 per $100 of Indiana payroll.

All corporations doing business in Indiana, except for S-corporations and not-for-profit organizations, pay corporate adjusted gross income tax at a rate of 8.5%.

Property taxes in Indiana are imposed at the local level on real property (land and buildings) and certain types of personal property. Business personal property consists of inventories, machinery and equipment, special tooling and construction in progress. The assessment date is March 1st. The City of Madison's property tax rate for the year 2000, payable 2001, is 9.9703/$100 of assessed value. Property tax abatement is available for qualifying capital investments.

For detailed information about Indiana's tax structure, please visit the Indiana Department of Commerce website at www.in.gov/doc

For specific information, please do not hesitate to contact us at 812-265-4769 or E-mail at midcor@seidata.com.

MIDCOR serves as the single point of contact for new or expanding industry in Jefferson County and Historic Madison, Indiana. MIDCOR facilitates industrial development by helping companies access the myriad of governmental assistance programs (financing, tax incentives, workforce training, international trade, etc.) MIDCOR staff is available to help coordinate your expansion or relocation project. Do not hesitate to contact us at 812-265-4769 or E-mail at midcor@seidata.com.

Click here to access information regarding Indiana's Tax Incentive programs.

Click here to access information regarding Indiana's Business Incentive programs.

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