CEO’s Agree: GOP Governor Eric Holcomb’s Pro-Jobs Policies Have Indiana’s Economy On A Roll

In Indiana, GOP Governor Eric Holcomb’s pro-growth leadership has the state firing on all cylinders, spurring new investment and expanding opportunity. Chief Executive Magazine writes that Indiana “is on a roll in economic development” citing its low tax rates, reasonable regulations, and talented workforce. As Indiana works to raise the bar for business development in the states, Holcomb’s determination and focus on job growth continues to get results for Hoosiers.

Chief Executive Magazine writes:

“Indiana is on a roll in economic development. It ranked as the No. 5 Best State for Business by Chief Executive for 2017 and fares increasingly well in other state-to-state comparisons. Indiana already has become what former Gov. Mitch Daniels, now president of Purdue University, called the ‘best sandbox for businesses to play in.’

Now, Indiana’s goal under Gov. Eric Holcomb is to create America’s best climate for doing business, bar none, and to harness the robust economic and job growth that will result. Global competitors, including Eli Lilly, Cummins and Cook Medical, are spreading their wings from longtime bases in Indiana, while others, including Salesforce, Subaru and Infosys, have been digging in and spreading roots. Meanwhile, home-grown startups, such as Angie’s List, Beck’s Hybrids and Aerotronic, are validating their decisions to grow in Indiana.

‘Indiana is the best-kept secret in the country,’ says Bob Stutz, CEO of Salesforce Marketing Cloud, which became a primary employer in Indianapolis after acquiring ExactTarget in 2013. ‘There’s a lot of talent to pick from. There’s a great work environment for our people and a great quality of life.’

The state’s ‘reputation as a low-tax, company-friendly environment makes it a good place to do business, to place new investment and to secure future jobs and work,’ agrees Phil Burkholder, president of Rolls-Royce Defense North America, which has been making aircraft propulsion systems in Indiana for decades.

Business leaders like Indiana for a number of reasons:

Low taxes, reasonable regulations. Indiana’s corporate income tax rate is just 5.75 percent for 2018, and is on its way down to a scheduled 4.9 percent by 2021. Indiana’s property-tax rate is fixed, and the state is ranked No. 4 in the 2018 Tax Foundation property tax index. And at 3.23 percent, Indiana’s flat individual income tax rate is by far the lowest among all states contiguous to it.

Indiana’s regulatory environment was ranked No. 4 by Forbes for 2017. What’s more, state and local officials are acutely responsive to the concerns of individual businesses.”