Economic Development

We Roll up Our Sleeves so Everyone Else Can.

One Southern Indiana is the economic development engine of our region. In partnership with state and local governments, state agencies, site selectors and regional partners, we focus on attracting and retaining companies for our region who will enhance our portfolio of businesses, provide well-paying jobs for our residents and enhance the quality of life for our communities.

1si polka dot

For more information, contact John Launius, Vice President of Economic Development at
812-945-0266

1si polka dot
1SI economic development group photo

Find a Site

Whether you are leasing, buying or building, Southern Indiana has the perfect spot for your new or expanding business.

 
clark and floyd

Clark & Floyd County

Learn More
scott county png

Scott County

Learn More
Life Soin Hero

Experiencing the Fouridor

Roads, Rails, Runways and Rivers – the Four “R”s allowing Southern Indiana companies to move people, products, materials, and services, quickly and inexpensively.

Major Employers

Southern Indiana and the City of Louisville have a wide range of employers, including nationally-known companies that maintain headquarters or significant local presence in the region.

 

Amazon Fulfillment Services (2,500)
Clark Memorial Health (1,400)
New Albany – Floyd County Consolidated School Corp. (1,387)
Samtec, Inc. New Albany location (1,332)
Baptist Health Floyd (1,035)
Greater Clark County Schools (1,016)
CTDI (1,000)
Heartland, A Global Payments Company (861)
PharmaCord (800)
*as of 7/28/23

UPS (26,328)
Norton Healthcare, Inc. (18,000)
Jefferson County Public Schools (14,000)
U of L Health, Inc. (13,136)
Ford Motor Company (13,020)
Baptist Healthcare System, Inc. (8,657)
Walmart, Inc. (8,550)
GE Appliances (8,500)
Humana, Inc. (7,465)
University of Louisville (7,114)
*as of 7/28/23

Taxes & Incentives

Indiana is a cost-effective state in which to build a business, as the state’s total business taxes are lower than adjoining states. This is due in part to Indiana having one of the lowest workers’ compensation rates and unemployment tax rates. In addition, the state’s average weekly wage is very competitive. And the ease of doing business in Indiana offers businesses a competitive advantage over other locations.

1si polka dot
1si polka dot

Since every company has different needs, all business assistance programs offered in Southern Indiana are project specific, based on the specific needs of each individual customer. There are local incentives for property tax abatements and tax increment financing (TIF) benefits, as well as cooperation with the state on its infrastructure programs.

Each local governmental unit determines the extent of their programs. Depending on the location of your new venture, incentives could be available are through the five opportunity zones in Southern Indiana or by the multiple Urban Enterprise Zones (UEZs). Facade improvement programs and redevelopment tax credits, as well as Tax Increment Financing (TIF), may also apply.

The State of Indiana offers many business incentives, including corporate tax credits and economic development programs for companies creating new jobs and investments in our state. Indiana’s business tax structure is also extremely competitive. Indiana has a flat state corporate tax rate on adjusted gross income and no gross receipts tax or inventory tax.

In addition, Indiana offers:

Economic Development Investors

Meet the investors who help us build one of the most successful economic development track records in the Midwest.

Nobody can do it alone. No matter what we hope to achieve in life, very little is possible without the help and support of partners. Economic Development is no different. Southern Indiana and 1si are fortunate to have support from outstanding partners, visionary business leaders and trusted allies. Join us in celebrating our champions.

 

Champion Investors ($20,000 Annually)

Lead Investors ($10,000-$19,999 Annually)

· AML Construction

· Applegate Fifer Pulliam LLC

· CenterPoint Energy

· Centra Credit Union

· Cherry Bekaert

· Clark County

· Clark County REMC

· Clearpath Specialty

· Dan Cristiani Excavating Co., Inc.

· Denton Floyd Real Estate Group

· DMLO CPAs & Advisors

· First Financial Bank

· Floyd County

· Frost Brown Todd, LLC

· Geo. Pfau’s Sons Company, Inc.

· German American Bank

· Harding, Shymanski & Company, P.S.C.

· Indiana Members Credit Union

· Indiana-American Water Company

· Ivy Tech Community College

· Jacobi, Toombs, & Lanz, Inc.

· Kelley Construction

· Koetter Group

· Luckett & Farley

· McRae Enterprises, LLC

· Meta

· Mister ”P” Express, Inc.

· NWSB

· Ogle Foundation

· River City Bank of Kentucky

· Samtec, Inc.

· Schuler Bauer Real Estate Services

· SoIN Tourism

· Southern Indiana Realtors Association, Inc.

· Stock Yards Bank & Trust Co.

· Town of Clarksville

· UnitedHealthcare

· USI Insurance

· The Wheatley Group

Advocacy Investors ($5,000-$9,999 Annually)
  • Heritage Ford
  • Huber’s Orchard, Winery & Vineyards
  • Indiana University Southeast
  • K.M. Stemler Company, Inc.
  • Mariner Wealth Advisors
  • Metro United Way
  • Monroe Shine Foundation
  • Ogle Foundation
  • Republic Bank & Trust
  • Steel Dynamics, Inc.
  • Voss Clark
Trustee Investors ($1,000 - $4,999 Annually)

· Amatrol, Inc.

· Atlas Technical Consultants

· Axiom Financial Strategies Group

· Bennett & Bennett A Shepherd Insurance Partner

· Callistus Smith Agency, Inc. – Glenn Smith

· Capstone Realty, Inc.

· CBRE

· Church Langdon Lopp & Banet LLC

· Delta Dental of Indiana

· Force Construction Company, Inc.

· Harrison County Economic Development Corp.

· Kyana Packaging Solutions

· Libs Paving Co., Inc.

· LL&A Interior Design

· Medline Industries

· Monroe Shine & Co., Inc., CPA’s

· Orcutt Winslow + TEG

· Owings Patterns Inc.

· Park Community Credit Union

· Premier Capital Corporation

· Semonin Realtors – Brad DeVries

· Shireman Construction

· Signature Countertops, Inc.