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Site Selection - Distribution & Logistics
Anderson benefits from a strategic interstate and highway access system. Positioned in the heart of Midwest U.S.A., Anderson is located on the I-69 corridor just northeast of Indianapolis, Indiana’s capital city where four major interstate highways, I-69, I-65, I-70, and I-74 intersects via I-465. Anderson not only offer an immediate access to I-69, but it also offer a quick 15- to 20-minute drive to I-70 via State Roads 9 and 109. 75% of the U.S. population is within 8 hours of drive from Anderson.
The State of Indiana ranks in the top 10 in 30 national logistics categories. Among those top rankings are:
- 1st in interstates
- 1st in shortest distance to median center of U.S. population
- 1st in rail tons of primary metals originated (19% of U.S. total)
- 1st in rail tons of primary metals terminated (15% of U.S. total)
Click here to view the complete listing of the Indiana’s logistics ranking.
Labor Force (Madison County/Anderson MSA) (12/2009)
| Total Labor Force |
59,111 |
| Employed |
52,591 |
| Unemployed |
6,520 |
Unemployment Rate (12/2009)
| Madison County |
11% |
| Indiana |
9.8%
|
Source: Indiana Department of Workforce Development.
Note: Metropolitan Statistical Areas are currently published as unofficial/Non-BLS area estimates. BLS funding for Anderson MSA was suspended for 2008 but Indiana will continue to estimate for these areas.
Quick Facts – Transportation & Warehousing Sector (2008 4th quarter)
| |
Madison County |
Indiana |
| Total Employment |
1,923 |
115,228 |
| Net Job Flows |
-80 |
-3,786 |
| Job Creation |
37 |
4,811 |
| New Hires |
193 |
15,270 |
| Avg. Monthly Earnings |
$3,082 |
$3,283 |
| Avg. New Hire Earnings |
$2,428 |
$2,388 |
Source: US Census Bureau Local Employment Dynamics, 4th Quarter 2008 (Transportation and Warehousing)
Employment & Median/Mean Wage per Classification – Distribution & Logistics Sector (Combined Indianapolis-Carmel MSA, Anderson MSA & Muncie MSA)
Click here to view the complete listing Commuting Patterns
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Top 5 Counties Sending Workers Into Madison County
| Delaware County |
1,928 people |
| Hamilton County |
1,503 people |
| Henry County |
1,335 people |
| Marion County |
832 people |
| Grant County |
524 people |
| Total of Above |
6,122 people |
| (8.2% of Madison County Workforce) |
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Top 5 Counties Receiving Workers From Madison County
| Marion County |
7,384 people |
| Hamilton County |
4,878 people |
| Delaware County |
1,697 people |
| Grant County |
787 people |
| Hancock County |
764 people |
| Total of Above |
15,510 people |
| (18.3% of Madison County Workforce) |
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Source: STATS Indiana & city-data.com
Bruce Boerner, AML&P Superintendent
bboerner@cityofanderson.com
(765) 648-6464
You may be interested in some of the AML&P department’s statistics and operating philosophies. We are rather unique among electric utilities in that we have a relatively compact system. This allows us to operate with relatively short distribution circuits and relatively flat voltage profiles on our circuits. We often talk about the voltage levels on our circuits on a 120 volt base. A voltage of 120 volts indicates we are running our primary at our nominal voltage. Utilities with long circuits may want to operate at 126 volts at the substation to allow for voltage drop on the system. Our management has observed that keeping the primary voltage at the nominal level reduces losses on our system from what they would be for higher distribution voltages. This will also be true for the losses on the customer’s system. Our management has also chosen to utilize 636 Kcm all aluminum conductor. This is relatively large compared to many utilities. This results in lower line losses and a flatter voltage profile.
Our distribution voltage is 7,620groundedwye/13,200 volts. Depending on where it is in our system, we can feed a load of up to 5,000 KVA with one of these lines. If the customer wants service at 277grdy/480 volts, we try to limit our pad mounted transformers to 1,500 KVA. If one of these becomes overloaded, we can replace it with a 2,500 KVA pad mounted transformer. If a customer wants to own their own transformers, our rate LP rate gives them a credit of $0.29 per KVA of billing maximum load each month.
Our sub-transmission distribution voltage is 34.5 KV. This supplies the energy to our 13.2 KV substation sources. If a customer wanted service at 34.5 KV, we would ask that they plan ahead to the time when our sub-transmission voltage will go to 69 KV. This may happen in the 2016 to 2020 time period. We currently build our sub-transmission at 69 KV and buy dual voltage supply transformers to accommodate a future conversion.
In the material on the web page mentioned above, you see that the Indiana Municipal Power Agency (IMPA) is our only energy supplier. If a customer has a need for more energy than we have discussed so far, we would go to IMPA and ask them to discuss other connections with other utility high voltage lines in the area. Our 34.5 KV system is supplied from 138 KV lines in the area and the IMPA peaking plant on the southwest side of our system. IMPA has one 80 megawatt (MW) unit and two 45 MW units. American Electric Power (AEP) has 138 KV supply at 3 substations in Anderson and several 138 KV lines coming into Anderson. If the demand is larger, IPALCo (AES Energy) has a 345 KV line passing the IMPA peaking plant. It goes to the AEP 345 to 138 KV substation 17 miles south and to the PSI (Duke Energy) substation north of Noblesville.
The IMPA peaking plant units can run on either diesel oil or natural gas. The cost of these fuels limits the hours for which these units are economical. They do supply a source to Anderson for “Islanding” us if our external sources of supply are compromised. The peakers will be utilized at times of system peaks when the load exceeds the capacity of lower cost sources.
Darren Grile, Facilities Designer
dgrile@cityofanderson.com
(765) 648-6492
The City Light and Power Department has made a significant investment in the City owned and operated fiber optic system. The City offers both dark and lit fiber. We use multiple private Internet Service Providers (ISP) to offer up to OC192.
Anderson has a Switching and Routing Hub located on The I-Light Fiber Optic Network.
Tom Brewer, Anderson Water Department Superintendent
tbrewer@cityofanderson.com
(765) 648-6429
Click here for Schedule of Rates and Charges
The Anderson Water Utility is one of the larger municipal water utilities in the State of Indiana that procures from groundwater sources, processes and distributes to all classes of customers through 21,500 individual customer service connections.
This utility serves the public with two separate well fields and treatment plants to create a greater level of reliability for this highly important aspect of infrastructure. It is important to note that all raw water sources are groundwater and therefore have a much more consistent composition when compared with the fluctuating characteristics associated with surface sources. We are already in the process of expanding our surplus groundwater supply to become even more drought resistant and for any potential industrial candidates.
Each treatment plant hosts individual auxiliary power, with basic treatment processes such as aeration, sand filtration, fluoridation, chlorination and the addition of polly/ortho phosphates. Water is then delivered to the 320 linear mile distribution system and its six elevated storage tanks with a total storage capacity of 4.5 MG. The grid network multidirectional flow distribution system can accommodate large industrial users in a wide range of locations throughout the city.
With some of the more competitive rates in the State of Indiana, this utility has the excess capacity to become even more of an attraction to various perspective commercial and industrial users.
Nara Manor
Superintendent
Anderson Water Pollution Control Department
nmanor@cityofanderson.com
(765) 648-6560
The City of Anderson sewer collection system consists of both separated sewers and combined sewers in the older areas that make up the core of the City. The City is currently working on a plan to dramatically reduce the effects of the combined sewer system. At this time, in conjunction with the plan to address the combined sewer system the City of Anderson is taking a proactive approach to increase the overall capacity of the wastewater treatment plant. While there is currently ample excess dry weather capacity to accommodate future large users the City is in the process of implementing a plan that will more than double the current treatment capacity of the wastewater facilities. The City of Anderson’s Industrial Pretreatment and Laboratory personnel have received multiple awards and strive to assist local businesses in resolving any technical or administrative challenge that may arise.
The following paragraphs provide a brief description of the existing facilities.
The majority of the Anderson wastewater treatment plant actually consists of two wastewater treatment systems located on one property, “The New System” and “The Old System”. Secondary effluent from the New and Old System combine for the remainder of treatment. Each system has its own service area. The current permitted capacity of the two systems combined is 21.25 mgd.
New System
The “New System” consists of headworks and primary treatment at the Dewey Street site and secondary treatment at the Gene Gustin Way site. The headworks has an installed capacity of 40 mgd, with a firm capacity of 20 mgd. The primary treatment system has a capacity of 40 mgd. The primary effluent is pumped to secondary treatment with a 26 mgd firm capacity pump station. The Dewey Street Primary Effluent Bypass (Outfall 005) discharges flow greater than the capacity of the primary effluent pump station to the White River. The secondary treatment facility has a capacity of 26 mgd.
Old System
The “Old System” consists of headworks, primary treatment, and secondary treatment at the Gene Gustin Way site, each unit having a capacity of 8 mgd. Shared System. The secondary effluent from both systems combines and flows to tertiary treatment including bio-towers, gravity sand filters, chlorination and dechlorination at the Gene Gustin Way site. The bio-towers have a capacity of 54 mgd. The filters have a capacity of 21 mgd with the capability for filter bypass for excess flows. The Chlorine contact tank has a capacity of 35 mgd.
Positioned in the heart of Midwest U.S.A., Anderson is located on the I-69 corridor, in Central Indiana, just north of the Indianapolis metropolitan area. Anderson benefits from a strategic interstate and highway access system, with 75% of the US population is within 8 hours of drive from Anderson. The City of Anderson also offers great rail access, and it has its own regional airport with two large runways and control tower. Indianapolis International Airport is less than an hour away from Anderson.
Driving Time to Major Interstates
| I-69 |
Immediate Access |
| I-70 |
15 to 20 minutes |
| I-465 |
15 to 20 minutes |
| I-74 |
30 to 35 minutes |
| I-65 |
35 to 40 minutes |
|
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Other Highways
State Road 9, State Road 67, State Road 37, State Road 232, State Road 236, State Road 109
For Distance to Other Cities, please click here.
Local Trucking Companies
| ABF Freight Systems |
Atlas Trucking |
Carter Logistics |
| Cheshier Trucking |
Conway Freight |
Lapel Transportation |
| TB&P Express |
Rail Road Access
CSX Transportation
Nearest International/Commercial Airport
| Indianapolis International Airport (IND) |
50 minutes |
Major Air Freight Services (IND)
| FedEx World Wide |
70+ flights/day, 90-100,000 packages/hour |
| Tradewinds |
To Puerto Rico 5 times/week |
| CargoLux |
To Europe/Luxembourg 2 times/week |
For the complete listing of air freight services to and from the Indianapolis International Airport, please contact the Cargo Department at the commercial airlines listed below.
Commercial Passenger Airlines (IND)
| Air Canada |
American Airlines |
AirTran |
| Continental Airlines |
Delta Airlines |
Frontier Airlines |
| Midwest Airlines |
Northwest Airlines |
Southwest Airlines |
| United Airlines |
US Airways |
Nearest Regional Airport
(Runway 12/30 – 5400 x 100 ft; Runway 18/36 – 3400 x 75 ft)
The overall cost of doing business in Indiana is lower than in most other states. The City of Anderson - Madison County region is no exception.
Cost of Doing Business Comparison (2007)
* Total Business Costs – sum of Corporate State Income Tax, Workers’ Compensation and Unemployment Insurance
** Business Income Tax – Business Income Tax due per net taxable income of $1,000,000
*** Workers’ Compensation – Average Workers’ Compensation annual premium based on 100 employees
**** Unemployment Insurance – Average Unemployment Insurance based on 100 employees
| State |
Total Business Costs* |
Business Income Tax** |
Workers’ Compensation*** |
Unemployment Insurance**** |
| Indiana |
$179,199 |
$85,000 |
$75,299 |
$18,900 |
| Alabama |
$242,277 |
$65,000 |
$155,677 |
$21,600 |
| California |
$461,734 |
$88,400 |
$349,534 |
$23,800 |
| Colorado |
$218,616 |
$46,300 |
$155,316 |
$17,000 |
| Georgia |
$231,915 |
$61,000 |
$148,965 |
$22,950 |
| Illinois |
$314,531 |
$73,000 |
$205,881 |
$35,650 |
| Iowa |
$234,531 |
$80,000 |
$116,345 |
$22,000 |
| Kentucky |
$236,836 |
$70,000 |
$155,236 |
$21,600 |
| Michigan |
$186,212 |
$19,000 |
$142,912 |
$24,300 |
| Missouri |
$266,401 |
$62,500 |
$174,201 |
$29,700 |
| Mississippi |
$241,360 |
$50,000 |
$115,106 |
$24,300 |
| New York |
$420,130 |
$75,000 |
$316,230 |
$28,900 |
| Ohio |
N/A^ |
$85,000 |
N/A^ |
$24,300 |
| Pennsylvania |
$299,498 |
$99,900 |
$171,598 |
$28,000 |
| South Carolina |
$209,064 |
$50,000 |
$124,783 |
$18,480 |
| Tennessee |
$274,607 |
$65,000 |
$172,043 |
$18,900 |
| Texas |
$364,184 |
$45,000 |
$226,726 |
$24,300 |
| Virginia |
$188,806 |
$60,000 |
$108,806 |
$20,000 |
| Wisconsin |
$235,739 |
$79,000 |
$122,614 |
$34,125 |
^No private workers’ compensation insurance; handled through state
Source: U.S. Labor of Statistics/US Department of Labor/Actuarial & Technical Solutions Inc/Bureau of Economic Analysis
Indiana Taxes
Inventory Tax
Indiana has no gross receipts tax and no inventory tax.
Corporate Income Tax
The Corporate Adjusted Gross Income Tax is calculated at a flat 8.5 percent of adjusted gross income. Adjusted gross income is a company’s federal adjusted gross income with certain adjustments. This method of determination simplifies tax calculations for corporations and does not apply to S corporations and not-for-profit organizations.
Single-Sales Factor
Indiana is phasing in the single-sales factor for apportioning corporate income tax. Indiana had determined its share of an interstate or international corporation’s taxable income by weighing the Indiana portion of a company’s property and the proportion of its employees in Indiana. The single-sales factor will calculate the Indiana portion based solely on the portion of a company’s sales in Indiana. This change is being phased in and will be complete by 2011.
Sales and Use Tax
The tax is calculated at a rate of 7 percent. In manufacturing, the following are exempt from the sales tax: raw materials, equipment, power, electricity, and utilities. Wholesale sales, items used directly in production, and sales made in interstate commerce are exempt. In addition, the purchase of research and development equipment is exempt from the tax.
Property Tax
Real and personal property tax is assessed at 100 percent of market value. Tax rates and exemptions vary among local jurisdictions. Property Tax rate in Indiana is capped at 3.5% for 2009 and 3% for 2010 and thereafter.
Research and Development Tax Credit
This credit (also known as the Research Expense Tax Credit) is based on the increase in Indiana R&D over the prior three-year base. In the base year, research expenses must have been at least half of the research expenses in the current year. The credit amounts to 10 percent of qualified research expenses on the first $1 million of investment. Beginning in 2008, the credit increases to 15 percent. The credit is applied against income tax liability and may be carried forward for fifteen years before 2008 and ten years beginning in 2008. There is no carry back, and the credit is nonrefundable. This program operates under the Department of Revenue and uses the definition of “qualified research expense” from the Internal Revenue Code (which includes the costs of wages and supplies).
Patent Income Exemption
Taxpayers are exempt from certain income derived from qualified utility and plant patents. Qualified taxpayers are eligible for an exemption of 50 percent of patent income for each of the first five years. The exemption percentage decreases over the next five years to 10 percent in the tenth year. The total amount of exemptions claimed by a taxpayer may not exceed $5 million per year. This benefit is available only to companies with 500 or fewer employees.
Individual Income Tax
Indiana’s personal income tax is 3.4 percent of federal adjusted gross income (with certain exemptions and deductions).
A taxpayer is entitled to a credit against the taxpayer's state and local tax liability for a taxable year if the taxpayer makes a qualified investment in that year. The amount of the credit to which a taxpayer is entitled is the qualified investment made by the taxpayer during the taxable year multiplied by twenty-five percent (25%). A taxpayer may assign any part of the credit to which the taxpayer is entitled to a lessee of property redeveloped or rehabilitated.
Special incentive packages offered to private entities based on recoupment of sale tax and/or state income tax amounts.
Click here for a CRED Application
This tax credit reduces the taxpayer's state and local tax liability for a taxable year if the taxpayer makes a qualified investment in that year. Qualified investments are investments made for the redevelopment or rehabilitation of property located within a designated areas.
City of Anderson has established a Revolving Loan Fund (RLF) program that operates through the Department of Community Services and Economic Development. The major goal of the RLF is to create new permanent jobs or retain existing jobs for Anderson.
Click here for a RLF Application
Eligible applicants and projects:
Generally, any small business is eligible if they meet the definition of SBA size criteria. Exceptions are retail/commercial businesses in well developed areas, real estate development companies or construction firms. In addition, the applicant must be within the Anderson city limits or commit to locate within the city limits sixty days after the loan closing.
These are just a few examples of how the RLF can be used:
- Site Acquisition or working capital
- Plant acquisition or construction or property rehabilitation
- Equipment purchases or leases, as well as, inventory acquisition
Following a loan selection criteria, the RLF is structured as a tandem loan program that works in cooperation with the major banks in Anderson. Any loan request must have the support of at least one participating bank that will supply a minimum percent of the total loan request, negotiated under their normal loan conditions and criteria. If the bank determines it can make the loan with RLF assistance, then the bank will submit a request to the Anderson Economic Development Revolving Loan Fund Board.
The RLF program is designed such that up to 33% of the total project is lent through the RLF and at least 67% is lent by a private lender. In addition, the borrower may be required to make an equity injection of 10% of the total project cost.
The private lender’s portion of the project will be an interest rate as negotiated between the lender and the borrower. The RLF’s portion of the loan will be flexible in terms of interest rates, but in no case will the rate be lower than four percentage points below the U.S. Treasury rate.
City of Anderson has established a Revolving Loan Fund (RLF) program that offers low interest loans up to $100,000. Rates are as low as four percentage points below prime rate.
The purpose of the Foreign Trade Zone is to facilitate trade and increase the global competitiveness of U.S.-based companies. There are several FTZ subzones* within the City of Anderson. Legally, a FTZ is an area within the United States that the Government considers outside the country, or at least, outside of the U.S. customs territory. Certain types of merchandise can be imported into a FTZ without going through formal Customs entry procedures or paying import duties. Some of the benefits of operating within an FTZ are:
- Imports may be admitted and held in a foreign-trade zone without paying U.S. Customs duties.
- FTZ users can pay the duty rate on component material or merchandise produced from component material, whichever is lower.
- Customs duties are not paid on merchandise exported from a zone.
- Duties are reduced or eliminated on materials subject to defect, damage, obsolescence, waste, or scrap.
- Merchandise may be exported and returned to an FTZ without duty payment.
- Spare parts may be stored, returned, or destroyed without duty payment.
- Delays in Customs clearances and duty drawback are reduced or eliminated.
- Duties are not owed on labor, overhead, or profit attributed to FTZ production operations.
- Quality control inspections can identify sub-standard goods to be destroyed or returned without duty payment.
- No duty is owed on in-bond, zone-to-zone transfer of FTZ merchandise.
* The FTZ subzones can be re-designated to accommodate project development needs.
The FTZ program helps American companies improve their competitive position versus their counterparts abroad. The FTZ program allows U.S.-based companies to defer, reduce or even eliminate Customs duties on products admitted to the zone.
Industrial Revenue Bond financing is a method of financing which the City of Anderson can help private business development and expansion by issuing low-interest tax exempt bonds. The low-interest feature of Industrial Revenue Bond financing is attributed to the fact that interest on the bonds is exempt from federal and state income tax.
Click here for Preliminary Application for Issuance of Economic Development Bonds
The Program:
The Anderson Economic Development Commission was established in 1975 with the authority to issue tax-exempt revenue bonds to help industrial and commercial development. In 1985, the Anderson Economic Development Commission (AEDC) granted final approval to more than twenty million dollars in Industrial Revenue Bonds.
The maximum bond amount available is ten million dollars per project, with maturity up to 30 years and interest rates ranging from 75% to 85% of the prevailing prime market rate. Bonds are available for 100% financing of the project with no equity injection required. Bonds may be used for the purchase, construction, renovation or improvement of manufacturing plants, industrial site development, warehouses, distribution facilities and pollution control without consideration of location within the city.
Bond application for retail and commercial facilities will be considered if they are located in the Anderson Enterprise Zone or other "Economic Development Target Areas." These bonds may also be used with other economic development programs.
The Process:
The programs of the AEDC are incentives to attract new business and retain existing business in the Anderson area. The AEDC will accept applications for a wide range of uses. However, the Commission is particularly interested in encouraging those projects that create new permanent jobs or preserve existing jobs. By law, in Indiana, the Commission also must consider any possible "Adverse Competitive Effects" upon similar existing or planned facilities.
Several of the attractive aspects of Industrial Revenue Bonds include:
- Rapid issue process
- 100% financing of projects
- Favorable interest rates and up to a 30-year term on loans.
Industrial Revenue Bond financing is a method of financing which the City of Anderson can help private business development and expansion by issuing low-interest tax exempt bonds.
With the intent to encourage the development of arts, cultural activities, and fine dining within the Central Business District, and as per the Indiana Code Sections 7.1-3-20-16 and 7.1-3-20-16.1, the City of Anderson has established a Municipal Riverfront Development Project in the downtown area. This designation allows business owners located in this area to purchase alcoholic beverage permits without regard to the quota provisions of Indiana Code 7.1-3-22. Applicants must comply with all requirements and controls imposed by Indiana statues, specifically stated in 905 1AC 1-41-2 and the City of Anderson Zoning Ordinance. Other restrictions to obtain these permits are as follows:
- If a for-profit establishment, the business must have a history of $200,000.00 annually in food receipts or projection of this amount if a new business.
- If a not-for-profit establishment,
- The proposed permit premises is located in a building or structure which is designated historical;
- The proposed permit premises is used primarily in connection with a community-based activity or event that is artistic or cultural in nature, including, but not limited to, music, including folk, contemporary, classical or jazz, theatre, including media arts, dance, including contemporary or ballet; painting, sculpture; and architecture; and which may be eligible for funding from the Indiana Arts Commission pursuant to IC-4-23-2.
In order to be considered for the permit, a completed application with the following documents must be submitted to the Alcohol and Tobacco Commission:
- A detailed map showing the definite boundaries of the entire municipal riverfront development project and the location of the proposed permit within the project.
- A copy of the local resolution of the local governing body authorizing the municipal riverfront development project;
- Detailed information concerning the expenditures of state and city funds on the municipal riverfront development project;
- A listing of the types of events being held at the proposed permit premises;
- Information concerning historical characteristics of the permit premises, if applicable.
The application is available at www.in.gov/atc. All other documents needed for the application process are available through the Economic Development Department.
This designation allows business owners located in this area to purchase alcoholic beverage permits without regard to the quota provisions of Indiana Code 7.1-3-22. Applicants must comply with all requirements and controls imposed by Indiana statues, specifically stated in 905 1AC 1-41-2 and the City of Anderson Zoning Ordinance.
New Markets Tax Credit Enacted as part of the Community Renewal Tax Relief Act of 2000, the New Markets Tax Credit (NMTC) Program pro-motes economic development in rural and urban low-in-come communities.
Click here for a NMTC Application
The Program is a federal tax initiative de-signed to increase the amount of investment capital available to business and economic development programs in low-income communities. The NMTC is administered by the Community Development Financial Institutions (CDFI) Fund under the U.S. Department of the Treasury. The CDFI Fund was created for the sole purpose of expanding the availability of credit, investment capital, and financial services in distressed urban and rural communities. Each year, tax credits are allocated for distribution to certain qualifying entities through the CDFI Fund. These qualifying community groups are known as Community Development Entities, or CDEs.
A CDE must invest substantially all (85 percent) of the equity investments received from investors in qualified low-income communities. Qualified low-income communities include particular “population census tracts,” defined as those with a poverty rate of at least 20 percent, or with median family income of not more than 80 percent of statewide median family income. Investments may also be made in “target areas,” those within a census tract not meeting the poverty or median income guidelines, but which have demonstrated an inadequate access to investment capital in the area. Investments by community banks in CDEs are then reinvested by the CDE in low-income communities, generally in the form of business loans, lines of credit, or direct equity investments in active low-income community businesses.
The NMTC federal tax credit is worth 39 percent of the cost of the initial investment and claimed over a seven-year period. In each of the first three years, the bank receives a credit equal to 5 percent of the total amount paid for the stock or capital interest in the CDE. For the remaining four years, the value of the credit is 6 percent annually. During the seven-year tax period, if the equity investment is redeemed or if the CDE ceases to be a qualified CDE, then the community bank investment is subject to recapture of the tax credit and interest.
New Market Tax Credit (NMTC) program allows taxpayers to receive a federal tax credit for making qualified equity investment in the designated areas. The credit totals 39% over a seven-year credit allowance period.
The City of Anderson offers up to a ten (10) year partial tax abatement on increased tax assessments as a result of improvements made to real property. A ten (10) year partial tax abatement is also available for increased business personal property as a result of the installation of new manufacturing equipment. Tax abatements in each instance, are allowable only within the City’s corporate limits in areas designated as “Economic Revitalization Areas.”
Click here for a Real Property Abatement Application
Click here for a New Equipment Tax Abatement Application
Click here for a Residential Tax Abatement Application
Economic Revitalization Area designation:
Under Public Law (I.C.6-1.1-12.1-1, as amended), the Common Council of the City of Anderson is empowered to designate geographic areas of the City as Economic Revitalization Areas. An Economic Revitalization area must have “become undesirable for, or impossible of, normal development and occupancy” because of such factors as lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors that have impaired values or prevents a normal development of property. Additionally, an economic revitalization area includes an area with a facility in danger of losing either employment or tax revenues to the City as a result of impending economic or energy obsolescence.
Property tax abatement:
The taxes payable as a result of increased assessment from improvements to real property within designated economic revitalization areas are eligible for abatement.
New manufacturing equipment abatement:
Any owner of newly installed (can be used) manufacturing equipment in the designated Economic Revitalization Area is entitled to a partial abatement of the taxes payable on that equipment for a period of up to ten (10) years. This equipment must be used in the direct production, manufacture fabrication, assembly, extraction, mining, processing, refining or finishing of other tangible personal property.
Logistics/High-Tech Tax Abatement:
Along the I-69 Corridor in Anderson, Tax Abatements are available for New Logistical Distribution Equipment. New Logistical Distribution Equipment means tangible personal property that:
- Consists of: Racking equipment; Scanning or Coding equipment; Separators; Conveyors; Fork Lifts or Lifting Equipment (including “walk behinds”); Transitional Moving Equipment; Packaging equipment; Sorting an Picking equipment; or Software for Technology used in Logistical Distribution.
- Is used for the storage or distribution of goods, services, or information;
- Before being used as described in clause “C”, was never used by its owner for any purpose in Indiana
For additional information regarding the tax abatement program, the application and the procedure for getting started, contact Diana Priser in the Economic Development Department at (765) 648-6112.
The City of Anderson offers up to a ten (10) year partial tax abatement on increased tax assessments as a result of improvements made to real property. A ten (10) year partial tax abatement is also available for increased business personal property as a result of the installation of new manufacturing equipment.
Tax Increment Financing (TIF) provides for the temporary allocation to redevelopment or economic districts of increased tax proceeds in an allocation area generated by increases in assessed value. Thus, TIF permits cities, towns, or counties to use increased tax revenues stimulated by redevelopment or economic development to pay for the capital improvements needed to induce the redevelopment or economic development.
The use of TIF is initiated by the declaration of a tax allocation area by a county, city, or town Redevelopment Commission. Property tax assessments are frozen at predevelopment levels in the allocation area. Municipal bonds are then issued to finance the public improvements. As property values in the allocation areas increase as a result of new development, the increment in tax revenues is used to meet debt service on issued bonds. Once the bonds have been paid of, the taxes collected from the allocation area are distributed to the remaining taxing districts. Bonds payable from TIF may be used to finance the cost of redevelopment and the construction of public improvements in the redevelopment area or for projects that directly serve or benefit that area. Proceeds may also be used for training.
Bond amounts are determined by the size of the project and the amount of the increment available. The 1992 General Assembly passed legislation allowing depreciable personal property (machinery and equipment) to be used in computing the increment in addition to real property.
Tax Increment Financing (TIF) provides for the temporary allocation to redevelopment or economic districts of increased tax proceeds in an allocation area generated by increases in assessed value.
The Anderson Urban Enterprise Association (UEA) has established a Revolving Loan Fund (RLF) program that operates through the Department of Economic Development. The major goal of the UEA is to provide small businesses within the former UEA zone as well as designated areas in Park Place and the Westside, access to a flexible source of capital for facade improvements at rates and terms more desirable than conventional financing; and to improve the physical appearance of the targeted areas through low interest financing.
Click here for a UEARLF Application
Eligible Applicants and Projects:
Generally, any small business is eligible if they meet the definition of Small Business Administration (SBA) size criteria. in addition, the applicant must be located within the specified target areas. Access to the UEARLF is open to property owners and tenants with the consent of the property owner.
Eligible Facade Uses of Fund:
- Landscaping
- Parking lot improvements
- Exterior decorative renovation
- Replacement of exterior windows, roofing, etc.
Following a loan selection criteria, the RLF is structured as a tandem loan program that works in cooperation with major banks in Anderson. Loan applicants must find a sponsoring bank to support fifty percent or more of the total loan. If the bank determines it can make the loan with RLF assistance, then the bank will submit a request to the Anderson Urban Enterprise Association.
The UEARLF will be accessed in an amount of up to thirty-three (33%) percent of the total loan package with the UEARLF portion not to exceed $15,000 or a minimum of $3,000.
The private lender's portion of the project will be an interest rate as negotiated between the lender and the borrower. UEARLF interest rates will be set at 4 points under the New York Prime interest rates as published in the Wall Street Journal, with a floor of 4.00%. Interest rates will be set for the length of the loan.
The Anderson Urban Enterprise Association (UEA) has established a Revolving Loan Fund (RLF) program that provides small businesses within the designated areas access to a flexible source of capital for façade improvements at rates and terms more desirable than conventional financing.
21st Century Research and Technology Fund
The Indiana 21st Century Research and Technology Fund was created to stimulate the process of diversifying the State's economy by developing and commercializing advanced technologies in Indiana.
Industrial Development Grant Fund (IDGF)
This grant provides money to local governments for off-site infrastructure projects associated with an expansion of an existing Indiana company or the location of a new facility in Indiana.
Small Business Innovation Research Initiative (SBIR/STTR)
The Small Business Innovation Research (SBIR) — along with its sister program, the Small Business Technology Transfer program (STTR) — are highly competitive and encourage small businesses to explore their technological potential.
Training Acceleration Grant
TAG provides financial assistance to companies and organizations committed to expanding the skills of their existing workforce through training that results in a transferable and industry-recognized credential.
Tax-exempt Bonds
Private Activity Bonds are often called Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) and are issued by state or local governmental entities for the benefit of a private company, usually manufacturers. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower.
Loan Guaranty Program
IEDC can provide a loan guaranty to a lender for the benefit of a high-growth/high-skilled company, manufacturer, rural development project, value-added agricultural enterprise or another type of business that creates or retains a significant number of Hoosier jobs.
Capital Access Program (CAP)
The Capital Access Program (CAP) is a small business credit enhancement program that creates a specific cash reserve fund for the lender to use as additional collateral for loans enrolled in the Program.
Economic Development for a Growing Economy (EDGE) Tax Credit
The Economic Development for a Growing Economy (EDGE) is a refundable tax credit program that rewards companies creating jobs and contributing to the growth of Indiana’s economy. EDGE credits are calculated as a percentage of payroll tax withholding for net new Indiana jobs.
Headquarters Relocation Tax Credit
When a business relocates its corporate headquarters (defined as the location of the principal office of the principal executives) to Indiana, it is entitled to a credit against its state tax liability equal to half of the costs incurred in relocating the headquarters.
Hoosier Business Investment Tax Credit (HBITC)
This program encourages capital investment in Indiana by providing a credit against a company’s Indiana tax liability. The credit amount is based on a company’s qualified capital investment with the final credit amount determined based on an analysis of the economic benefits of the proposed investment.
Industrial Recovery Tax Credit
The Industrial Recovery tax credit provides an incentive for companies to invest in facilities requiring significant rehabilitation or remodeling expense.
Skills Enhancement Fund (SEF)
The Skills Enhancement Fund (SEF) provides financial assistance to businesses committed to training their workforce. Trainees must be Indiana residents. SEF reimburses eligible training expenses over a two-year term. Companies may reapply for additional SEF funds after their initial two-year term.
Technology Enhancement Certification for Hoosiers (TECH)
The Technology Enhancement Certification for Hoosiers (TECH) Fund is a reimbursement grant program designed to help companies meet the demands of the new IT economy by increasing the number of certified information technology workers in Indiana.
Certified Tech Parks – Flagship Certified Tech Park
The Certified Technology Parks program was created as a tool to support the attraction and growth of high-technology business in Indiana and promote technology transfer opportunities. The Flagship Certified Tech Park at I-69 Exit 22 in Anderson currently houses some of the most innovative alternative energy and military equipment companies.
Shovel Ready Program
A section of the Scatterfield Business Park area, containing 52 acres in Anderson located in the 30th block of Scatterfield Road, has been designated as “Shovel Ready” by the Indiana Economic Development Corporation. The “Shovel Ready” designation demonstrates to prospective purchasers that the site has undergone extensive title work, proof of ownership, legal and environmental review and qualifies for expedited permitting with state regulatory agencies. Prior completion of these basic procedures lowers the cost of site development and allows for speedy development of the property, reducing the state permitting time by up to 30 percent. Approximately 32 acres still available.
Please Click Here For All Available Property Listings
DISCLAIMER: All information deemed reliable but not guaranteed!
Please Click Here For All Available Property Listings
DISCLAIMER: All information deemed reliable but not guaranteed!
Union Election Results In Madison County (1995-Present)
| Number of Union Elections |
12 |
| Number Lost by Union |
11* |
| Number Won by Union |
1* |
*One Union Win in 2002; Union Loss in the same company in 2003, resulting in no new union creation
| Number of New Unions in Manufacturing |
0 |
| Number of New Unions in Logistics |
0 |
Source: Anderson/Madison County Corporation for Economic Development
Local
Within Anderson there are several higher learning institutions such as Anderson University, Purdue University Extension, Indiana Business College and IVY Tech Community College. Other educational and training opportunities include the Flagship Enterprise Center, an innovative center for education, business incubation, technology transfer and training which supports the economic development vision for the City of Anderson, and JobSource in the WorkOne Anderson office.
Anderson University
( www.anderson.edu)
 US News and World Report again and again ranks Anderson University among the best universities in the Midwest offering master’s level degree programs. The University’s Falls School of Business is one of the highest ranked and the most recognized business schools in the region. Falls School of Business is one of Anderson University’s largest academic departments offering eight undergraduate majors as well as MBA (Master of Business Administration) and DBA (Doctor of Business Administration) programs. Through the Flagship Enterprise Center, the Anderson University Falls School of Business has an ongoing relationship with the center and the center’s clients. Both students and faculty members are actively involved in the community’s economic development and business development effort through various programs. Classes are offered both on main campus and at the Flagship Education Center.
Purdue University College of Technology
( www.tech.purdue.edu/anderson)
 Purdue University College of Technology at Anderson is a part of the world-class College of Technology at the university’s main campus in West Lafayette, Indiana. The College offers a variety of degree programs that allow students to extend their higher education in Anderson. Five degree programs are currently available. Purdue University is globally recognized as one of the premier schools of technology offering world-class instruction, cutting edge research, and state-of-the-art facilities. The College of Technology partners with many businesses and industries through research projects, industrial affiliate programs, research services and centers, seminars, workshops, and other activities. The newly opened Flagship Education Center houses Purdue University’s Anderson campus.
IVY Tech Community College
( www.ivytech.edu)
 Ivy Tech Community College is Indiana’s second largest public post-secondary institution with 23 campuses throughout the state. The School’s Department of Workforce and Economic Development (DWED) provides education, training, and assessment services to individuals, companies, businesses, and organizations. Various corporate training programs in Computer Skills & Certifications, Health Care, and Leadership Management are available. Continuing Education, Workplace Spanish, as well as online training courses, are also available. Eighteen programs are available at the Anderson Campus. These programs include Accounting, Business Administration, Computer Information Technology, Manufacturing and Industrial Technology, and Office Administration.
Harrison College
( www.harrison.edu)
 Harrison College focuses on teaching students the skills that are critical for them to succeed in today’s highly competitive job market. Programs are designed based on the input of key business and corporate professionals who have identified what it takes to be successful within a chosen career field. At Harrison College, an Associate Degree can be earned in as little as 18 months or a Diploma in 12 months. Career-focused Certificate Programs are also available. Harrison College at Anderson offers 11 programs in business, medical and criminal justice. Contract training is also available to assist companies with the professional development of their associates. The classes can be conducted at the school or at their place of business.
Flagship Enterprise Center & Flagship Education Center
( www.flagshipenterprise.org)
 The Flagship Enterprise Center is an innovative center for education, business incubation, technology transfer, and training which supports the economic development vision for the City of Anderson. The Flagship Enterprise Center serves as a specialized small business incubator and early business accelerator with an emphasis on providing education opportunities as well as fostering emerging manufacturing and electronic technology. Among the many services of the Flagship Enterprise Center is to provide access to university researchers and scientists, ongoing contact with business management consulting, developing student mentoring opportunities for research and development support, and access to state of the art telecommunications.
Flagship Education Center is an Anderson University initiative in collaboration with Purdue University. In addition to classes offered by both universities in the field of business, technology and engineering, the center houses an uniquely designed Anderson University Residential MBA Program.
JobSource
222 East 10th Street
Anderson, Indiana 46016
(765) 642-4981
JobSource is a partner in the WorkOne Anderson office, operates the Workforce Investment Act providing career counseling and tuition assistance. JobSource is a Community Action Agency serving residents of Madison County with energy assistance and weatherization programs and an IMPACT provider through the Division of Family and Children.
Secondary Schools
Anderson High School
Highland High School
Lapel Senior High School
Frankton Jr-Sr High School
Pendleton Heights High School
Alexandria Monroe High School
Liberty Christian School
Calvary Academy
Indiana Christian High School
Anderson Preparatory Academy
Regional Higher Education Facilities
Ball State University, Muncie, Indiana
Indiana Wesleyan University, Marion, Indiana
Taylor University, Upland, Indiana
Butler University, Indianapolis, Indiana
Christian Theological Seminar, Indianapolis, Indiana
Indiana University-Purdue University Indianapolis (IUPUI), Indianapolis, Indiana
Marian College, Indianapolis, Indiana
Martin University, Indianapolis, Indiana
University of Indianapolis, Indianapolis, Indiana
Lincoln College of Technology, Indianapolis, Indiana
ITT Technical Institute, Indianapolis, Indiana
TechSkills, Indianapolis, Indiana
DeVry University, Indianapolis, Indiana
International Business College, Indianapolis, Indiana
National College, Indianapolis, Indiana
University of Phoenix, Indianapolis, Indiana
Anderson is not only a great place for business, but also a wonderful community to live. In 2007, Anderson was ranked 7th in the Culture & Leisure category, Small U.S. Metro Areas, by Forbes Magazine. Anderson was also chosen as the 2007 Indiana Community of the Year by the Indiana Chamber of Commerce. Homes and cost of living in Anderson are very affordable.
Cost of Living
Cost of Living Index shows Anderson is a very affordable place to live and work. To maintain the same standard of living, the average salary of $29,929 in Anderson, Indiana should be increased or decreased to:
| Community |
Salary |
% Increase /
(Decrease) |
Cost of
Living Index* |
| Anderson, IN |
$29,929 |
--- |
68.72 |
| Chicago, IL |
$55,070 |
84% |
126.45 |
| Dayton, OH |
$31,852 |
6% |
73.14 |
| Denver, CO |
$45,675 |
53% |
104.88 |
| Ft. Wayne, IN |
$32,486 |
9% |
74.59 |
| Huntsville, AL |
$35,528 |
19% |
81.58 |
| Indianapolis, IN |
$32,668 |
9% |
75.01 |
| Knoxville, TN |
$34,960 |
17% |
80.27 |
| Los Angeles, CA |
$67,793 |
127% |
155.66 |
| Owensboro, KY |
$32,021 |
7% |
73.52 |
| Saint Louis, MO |
$34,939 |
17% |
80.23 |
| Seattle, WA |
$57,481 |
92% |
131.98 |
| Tupelo, MS |
$33,575 |
12% |
77.09 |
|
* The Average of all participating places equals 100, and each participant’s index is read as a percentage of the average for all places Source: Sperling’s Best Places
Housing Costs
| Home Values in 2008 |
| |
Number |
% Distribution |
| Owner Occupied Units |
38,376 |
100.00% |
| Less than $50,000 |
4,604 |
12.00% |
| $50,001 to $99,999 |
15,652 |
40.8% |
| $100,000 to $149,999 |
10,550 |
27.5% |
| $150,000 to $199,999 |
4,226 |
11% |
| $200,000 to $299,999 |
2,020 |
5.3% |
| $300,000 to $499,999 |
1,025 |
2.7% |
| $500,000 to $999,999 |
229 |
0.6% |
| $1,000,000 or more |
70 |
0.2% |
| Median (dollars) |
$96,500 |
|
|
Source: American Community Survey
Climate
| Elevation: |
845 ft. |
| Latitude: |
40.05N |
| Longitude: |
85.40W |
| Average Temperature High / Low: |
62 / 43 |
| Average Precipitation: |
39.6 inches |
| Average Snowfall: |
18 inches |
Source: Weatherbase
Crime Rate
According to Sperling’s Best Places, Anderson, IN, violent crime, on a scale from 1 (low crime) to 10, is 3. Violent crime is composed of four offenses: murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.
Anderson, IN, property crime, on a scale from 1 (low) to 10, is 2. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.
Recreation
With Indianapolis being a 30 to 50 minutes drive from Anderson, additional recreational opportunities exist. The most famous sporting activities include the Indianapolis Colts (NFL), Indiana Pacers (NBA), the Indianapolis Indians (Minor League Baseball), and the Indianapolis Motor Speedway which is home to the Indianapolis 500, the Allstate 400 at the Brickyard, and the Red Bull Indianapolis GP. There are many cultural activities to attend such as museums, theater, symphony, etc. The Indianapolis Metro Area is also home to many global companies; ethnic restaurants and international grocery stores are only a 20 to 30 minute drive from Anderson.
Anderson has numerous attractions and recreational activities that appeal to a variety of tastes and ages. Here are just a few of the many attractions available:
 ANDERSON CENTER FOR THE ARTS is located in the historic 1905 Carnegie Library building. Enjoy exhibits and permanent collections, hands-on children’s gallery, tours, and gift shop. Room rentals available.
 ANDERSON SPEEDWAY is proclaimed as the fastest quarter mile high-banked oval motor speedway in the world. Different types of automobile racing are offered March through October.
 ANDERSON SYMPHONY ORCHESTRA performs five concerts at the Historic Paramount Theater from June to September. This professional orchestra also performs at a free celebration at Shadyside Park in June.
 HOOSIER PARK RACING & CASINO is more than just a great facility; it’s one of the nation’s premier horse racing venues and casino. Hoosier Park Racing & Casino is brimming with a broad array of exciting dining and entertainment options. From fine dining to quick, taste-tempting breaks in the racing and casino action, we offer an experience for every taste. Simulcasting 7 days a week, all year around. Live racing in Spring and Fall. Casino is open 24 hours a day 365 days a year.
 Indiana’s smallest State Park, MOUNDS STATE PARK, has some of the best preserved mounds in the state built by prehistoric Adena & Hopewell people. The park also offers camping, trails, picnic areas, Visitor Center with Naturalist activities, swimming, fishing and more.
 THE PARAMOUNT THEATRE & BALLROOM is a beautifully restored 1929 “atmospheric” theatre, with Moorish courtyard façade, designed by architect John Eberson. Anderson Symphony Orchestra performs at this historic Paramount Theatre.
WETLAND NATURE PRESERVE located at Broadway and Grand Avenue connects the Indian Trails Riverwalk with Shadyside Park. Enjoy 15 acres of lush green foliage and flowers as you commune with nature.
ANDERSON/MADISON COUNTY VISITORS & CONVENTION BUREAU
6335 South Scatterfield Road
Anderson, Indiana 46013
Phone: (765) 643-5633
Toll Free: (800) 533-6569
Fax: (765) 643-9083
www.heartlandspirit.com
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