Why Indiana Over Illinois?
Savings, Stability, Quality of Life.
For Illinois companies contemplating expansion and relocation, the decision to move just minutes across the border to Indiana cities like Hammond boils down to facts and figures. How much will moving reduce your tax burden and operational expenses? How friendly is the regulatory climate? What quality of life awaits employees who choose to come along? To make informed relocation decisions, owners and executives need relevant facts.
Fact: Indiana Business Costs are Lower
The cost of doing business in Indiana is significantly lower than in Illinois. Examples of areas where your Illinois business can realize immediate cost savings in Indiana include:
(Workers Comp Source: Oregon Workers’ Compensation Premium Rate Ranking Calendar Year 2018)
For perspective, this is how Indiana and Illinois rank on two tax benchmarks.
(Source: 2019 State Business Tax Climate Index)
When analyzing the potential benefits of relocating your business from Illinois to Indiana, there are many variables to consider. Park Development Partners can help with your analysis.
Fact: Indiana is Stable
Since 2010, Indiana has held the highest possible credit rating (AAA) from all three credit rating agencies (Standard and Poor's, Moody's and Fitch), and is currently one of only 12 AAA rated states.
Fact: Indiana is Pro-Business
In recent polls by the national business media, Indiana consistently ranks at or near the top for its business-friendly environment. Indiana has been rated:
#1 by CEO Magazine as best Midwest state for business
#2 by US News & World Report for best long-term stability
#2 by CNBC for state infrastructure quality
#3 by Forbes for regulatory environment
In addition, Indiana is a Right to Work state.
Fact: Employees Also Get More for their Money
Employees that relocate with your company will find Hammond’s cost of living attractive.
(Source: 2019 BestPlaces.net)
Get to Know Hammond
The City of Hammond is the 5th largest city in Indiana with a population of around 80,000. Mayor Thomas M. McDermott Jr. and city officials continually invest in the city and upgrade amenities, creating a solid base for companies to grow and flourish. There is a new state-of-the-art Sportsplex, a new indoor hockey rink, miles of bike trails connecting Hammond to Chicago and its surrounding communities and plans for significant improvements to four major parks. In addition, the upcoming West Lake Corridor Project will extend the South Shore train line from Hammond south to Dyer, Indiana. Hammond is dedicated to improving the quality of life of its residents and thus creating a great place to work, live and play in Northwest Indiana.