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Logistics
Indiana's Advanced Logistics industry is a driving force in today's economy and offers a sustainable competitive advantage to the manufacturer's and distributors who rely upon it.
- 724 million tons of freight travel through Indiana annually, making it 5th in the rankings of States in volume of commercial freight.
- 75% U.S. population within day’s drive
- Location of the median center of population of the U.S. in Daviess County, Indiana.
- 14 limited access federal highways.
- 11,000 centerline highway miles
- 4200 miles of Class I rail tracks
- 3 maritime ports (http://www.portsofindiana.com) (1 on Lake Michigan, 2 on the Ohio River).
The Indiana workforce already leads the trucking and warehouse/distribution industry sectors:
- 60% higher employment in warehousing and storage establishments relative to the country average.
- Twice the national average employment among long distance trucking.
- A workforce of over 250,000 logistics employees.
- Customizable training options and high-quality university programs.
Indiana has some of the lowest business costs in the nation:
- Low workmen's compensation and unemployment insurance costs
- No inventory tax
- Corporate income tax based solely on the potion of a company’s sales in Indiana.
- Indiana’s Sales and Use Tax is one of the lowest in the Midwest.
- A low cost of living.
Thanks to the progressive State leadership, Indiana is pursuing an aggressive infrastructure plan, investing billions for the future:
- Recent legislation has allowed Indiana to develop a $3.5 billion infrastructure improvement fund called Major Moves (http://www.in.gov/indot/2276.htm )
- Upgrades to US 31, St Rd. 25, I-465, I-69, I-80/90 and others.
- A $974 million upgrade to Indianapolis International Airport is underway
- $2.8 billion in new highway construction in the next 10 years (over and above previously earmarked funds)
- $57.8 million in improvements to Gary Airport
- 117 public airports
- Brand-new intermodal port financing authority.
- The expansion of the I-69 artery will connect the NAFTA superhighway through southwest Indiana.
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“As we researched potential locations to grow our company, it became apparent that Indiana values the life sciences and health industry. We are eager to leverage the assets available in the state and introduce our technologies to the global market.”
Frank Cheng
President and Chief Executive
Oxford BioSignals Medical
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