The Indiana Economic Development Corporpation put together a cost comparison for businesses looking at Indiana, Illinois, Iowa, Kentucky, Michigan, Minnesota, Missouri, Ohio and Wisconsin.
The data was taken from the US Bureau of Labor and the Bureau of Economic Analysis.
When loooking at the cost of doing business they made the assumption of:
Taxable income = $1,000,000
Employment = 100
We rated in the following categories against the 9 Midwest States:
1st Place - Total State Business Taxes
1st Place - Average Workers Compensation Annual Premium
1st Place - Average Workers Compensation Rate
1st Place - Average Unemployment Insurance
3rd Place - Average Annual Wage
4th Place - Average Price of Electricity
6th Place - Corporate Income Tax Due
Because of these ratings, we have been noted by CNBS, Forbes, Chief Executive and Tax Foundation as being one of the most favorable environments for business.
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