The I&M Indiana Region

Indiana Michigan Power, AEP’s operating company in Indiana, provides electricity to 118 communities in 24 counties in northern and northeastern Indiana. The I&M economic development team can be your go-to resource for your move or expansion in our nearly 3,200 square mile service territory.

Property Search

Find the best site Indiana to grow your business. Search our portfolio of certified sites, or all available sites and buildings.

Contact us if you’d like assistance with your search.

Advantages of Doing Business in Indiana

Location & Infrastructure

Known as the “Crossroads of America,” Indiana is a global logistics leader.

  • Indiana is a national leader in pass-through interstates, home to the 2nd largest FedEx air hub worldwide, and 3rd in total freight railroads
  • Two major interstates, I-80/90 and I-69, run through I&M’s service territory
  • 60% of the US population and 40% of the Canadian population within one day’s truck drive
  • Indiana provides the only statewide port system with direct waterway access to two U.S. coasts

ShippingCosts_INDIANA

Business Climate

Indiana has created a business environment where conditions are set for success:

  • The corporate income tax rate is being cut from 7% to 4.9% by 2022 – As of 2015, the rate is 6.5%
  • Since 2011, Indiana has used the single-sales factor for apportioning corporate income tax, calculating the Indiana portion based solely on the portion of a company’s sales in Indiana
  • Indiana’s sales and use tax is calculated at 7% with several manufacturing and R&D exemptions available
  • Real and personal property tax is assessed at 100% of true value; rates vary locally; business property taxes are capped at 3 percent of assessed value
  • Indiana has no gross receipts tax and no inventory taxText_AAA
  • Indiana has a AAA credit rating from all three major credit rating agencies
  • Indiana is a right-to-work state

 

Workforce & Education

Pie Chart of Indiana's Sectors of Employment

Indiana has the right people on the ground to accomplish your business objectives.

  • Over 70 colleges and universities in the state
  • Average wages 16% below the nation
  • Worker availability in key occupations:
Table of Workers (2015)
Jobs    Average Hourly Earnings
STEM 129,657 $30.69
Engineers 35,293 $35.54
Business 122,416 $26.91
Automotive Production 249,635 $14.85
Source: EMSI 2015.2

Electric Service

I&M rates are among the lowest in the nation, plus we offer incentives to new and existing customers.

  • Industrial rates 5% lower than the national average and 9% lower than the state averageBar Chart I&M Indiana Industrial Rates
  • I&M offers Economic Development Rider (EDR) incentives to new and expanding businesses
    • I&M’s EDR is available to new or existing customers who: a) will be adding at least 10 jobs, b) will be adding at least 1,000 kVa of new load, c) are in a competitive situation where I&M’s EDR is a deciding factor in the site location process, and d) meet a qualifying SIC code
    • The I&M EDR can save customers between 30% and 40% on the demand portion of their bill of the new load
  • I&M owns 3,539 MW of generation
    • Coal: 47.2%
    • Nuclear: 43.2%
    • Hydro, Wind & Solar: 9.6%
  • I&M owns 4,382 transmission miles and 15,059 distribution miles in Indiana

 

The state of Indiana has been recognized as a leading state in economic development.

  • #1 in the Midwest and #6 in the U.S. – Chief Executive magazine’s Best States for Business 2015
  • #1 in the Midwest and #8 Nationally – The Tax Foundation’s 2015 State Business Tax Climate Index
  • #1 in the Midwest and #7 Overall – Area Development magazine’s Top States for Doing Business 2014
  • #1 in the Midwest and #5 in the Nation – Business Facilities’ 2014 State Rankings Report
  • #1 in the Midwest and #7 Overall – Pollina Corporate Top 10 Pro-Business States 2014

The principal industries we support:

  • Chemical Manufacturing
  • Fabricated Metal Products
  • Food and Beverage Manufacturing
  • Plastics
  • Primary Metals
  • Rubber Products
  • Transportation Equipment

I&M serves over 455,000 customers in Indiana, including:

  • Air Products & Chemicals, Inc.
  • Anchor Glass Container
  • Ball State University
  • BOC Gases
  • Cardinal Ethanol, LLC
  • GM Metal Fabricating Division
  • Honeywell International, Inc.
  • IN/Tek
  • Mullinix Packages, Inc.
  • New Energy Corporation
  • Praxair, Inc.
  • Red Gold
  • Saint Gobain Corporation USA
  • Steel Dynamics, Inc.
  • Ultimate Ethanol, LLC
  • Unifrax Corporation
  • Uniroyal Goodrich Tire Company
  • University of Notre Dame

Contact

Ashley Savieo, CEcD

Ashley Savieo, CEcD

Manager of Economic and Business Development

Indiana Michigan Power

260-408-3629

Email Me

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