A Great Place to Work.
Southern Indiana has a wide range of employers. Many are nationally known companies that have grown to prominence from their start-up here and maintain their headquarters in the region. A great many are national companies that have a major presence in our region.
Products vary from barge construction to heavy truck assembly, from large home appliances to kitchen cabinets and from electronic components to specialty chemical catalysts. Our workforce is well-trained with a strong work ethic and supported by our excellent education system for all age levels and needs.
Clark and Floyd Counties are part of a seven-county Southern Indiana region that comprises a “Labor Market” as defined by the Indiana Department of Workforce Development. These counties are made up of small communities with traditional agrarian roots. As a result, the labor force adheres to traditional values and outstanding work ethics.
These labor force characteristics offer employers a real competitive advantage as wage rates are generally lower than other regions of the country, as well as those in the metropolitan area of Louisville. These rates still allow for a high quality of life for our workers as the cost of living in the region is proportionately less.
Southern Indiana is the home of many progressive businesses seeking the values, attitudes and work ethic that are found here. A well-educated workforce with a “get to work on time” attitude is easy to recruit.
The cost of doing business in Indiana is very favorable as the state’s total business taxes are lower than our adjoining states. This is due in part to Indiana having one of the best workers’ compensation rates and unemployment tax rates. In addition, the state’s average weekly wage is very competitive.
In fact, in June 2003, the Washington, DC-based research organization Tax Foundation released the results of a study measuring the “business tax friendliness” of all states. In the study, entitled State Business Tax Climate Index, Indiana tied with Tennessee for tenth place, making Indiana the only Midwestern state in the top ten. The study examined composites of five indexes devoted to major features of a state’s tax system that influence business decisions or the state’s economy in general.
In addition, the cost of living is very favorable. Places Rated Almanac ranked the Louisville, KY-IN MSA 174th out of 354 Metropolitan Areas when ranking cost of living.
Did you know…
• With an estimated 15,548 Indiana residents working in the medical technology field, a study conducted by Advanced Medical Technology Association places Indiana among the top 10 states in the nation for number of workers in the medical technology field, wages and new jobs created to support the industry, ranking the state eighth in terms of actual employment and fifth in terms of the field’s share of the state’s overall employment, at 1.9 percent.
• Indiana is also ranked second in the nation for the number of jobs created to support the medical technology industry. An estimated 63,300 Indiana residents are employed as a direct result of the industry, the study said.
•Key Southern Indiana advanced medical manufacturers include MedVenture (minimally invasive devices, 200 employees), Kelley Dental Laboratory (dental appliance manufacturer, 35 employees), and TechSHOT (medical engineering product development, 35 employees).