Riverfork West Industrial Park
Huntington, Indiana
Contents
Interstate Highway Map ............................................................................................................... 5
45-Minute Drive Time Commute ................................................................................................. 6
Available Due Diligence Reports ................................................................................................. 7
Utility Providers ............................................................................................................................ 8
State Incentives .............................................................................................................................. 9
2023 Economic Development for a Growing Economy (EDGE) Tax Credit Facts. ................ 9
2023 Hoosier Business Investment Tax Credit ........................................................................11
Local Incentive Opportunities in Huntington County ............................................................ 12
City of Huntington ...................................................................................................................... 13
Huntington County ..................................................................................................................... 17
(Data source supplied by Geographic Solutions, 2023) ........................................................... 17
Workforce Report ....................................................................................................................... 21
Demographic Report .................................................................................................................. 23
Labor Force Report .................................................................................................................... 28
Consumer Expenditures Report ................................................................................................ 46
Business Report ........................................................................................................................... 55
Wages Report .............................................................................................................................. 56
Talent Report ............................................................................................................................... 71
Site Selection Magazine’s 2022 Top Micropolitans .................................................................. 75
Video Links .................................................................................................................................. 76
Interstate Highway Map
45-Minute Drive Time Commute
Available Due Diligence Reports
Riverfork West Industrial Park Huntington, Indiana
•
Archeology Study (Includes approval letter from the State of Indiana)
•
Electric - Duke Energy
•
Environmental Phase I Report (No findings)
•
Geo-technical Study
•
Natural Gas - CenterPoint/Vectren Energy
•
Property Control (owned by the Huntington County United Economic Development Corp.)
•
Telecom/Internet - Comcast or MetroNet
•
Water - Municipal City of Huntington
•
Wastewater- Municipal City of Huntington
•
Wetland Determination Study (includes Army Corps jurisdiction letter)
•
Zoning (zoned 1-2 Manufacturing)
Utility Providers
Duke Energy
Erin Schneider, Managing Director, Economic Development–Midwest
erin.schneider@duke-energy.com
Haley Tomlinson, Regional Economic Development Manager–North
haley.tomlinson2@duke-energy.com
CenterPoint Energy
Brian Gildea, Economic Development Manager
brian.gildea@centerpointenergy.com
MetroNet Business
Chris Thorn, Community Development Manager
business-customer-service@metronetinc.com
Comcast Business
Jeremy Burton, Manager, Government & Regulatory Affairs
Jeremy_burton@comcast.com
State Incentives
2023 Economic Development for a Growing Economy (EDGE) Tax Credit Facts.
DESCRIPTION
The Economic Development for a Growing Economy
(EDGE) Tax Credit provides a refundable tax credit
to businesses that create new jobs that improve the
standard of living for Indiana residents. The credit
certification is phased in annually for up to 10 years
based upon the employment ramp up outlined by
the business.
ELIGIBILITY
To be eligible for the tax credit,the project:
»Will result in net new jobs that werenot previously
performed by employees of the applicant
»Is economically sound and will benefit the people
of Indiana by increasing opportunities for emp-
loyment and strengthening the state’s economy
»Will not go forward if the applicant does not
receive the tax credit
»Is supported by the political subdivisions or
municipalities affected by the project,as shown
by significant incentives provided to the business
EVALUATION CRITERIA
Each project will be evaluated on its individual
merits and will undergo a cost-benefit analysis
after it has met the basic requirements as follows:
»Business commits to new capital investment
in Indiana
»Business commits to the creation of full-time,
permanent jobs for Indiana residents at the
project location
»Project supports the purpose of the tax credit
and meets all of the requirements as set forth
in Indiana Code § 6-3.1-13
CALCULATION OF THE CREDIT
The tax credit is calculated as a percentage (not to
exceed 100%) of the expected incremental tax withhol-
dings generated by new jobs created by the business
at the project location.
REPORTING REQUIREMENTS
Upon execution of an EDGE tax credit contract with
the IEDC,the business will be required to report for
every calendar year during the term of the contract,
up to 12 years.
Information required:
»Summary statistics relating to capital investment
that occurred in the applicable year
»Individual employee data to support contractual
employment and wage thresholds
EDGE
ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY TAX CREDIT
INDIANA ECONOMIC DEVELOPMENT CORPORATION
iedc.in.gov
PROJECT ELIGIBILITY
Company commits to creating new jobs that will result
in an incremental increase in the amount of withholdings
generated by the company in Indiana
AMOUNT
An amount not to exceed 100% of the incremental
withholdings generated by new jobs created by the
business at the project location
PASS THROUGH
Yes
CARRY FORWARD
None
CARRY BACK
No
REFUNDABLE
Yes
ASSIGNABLE
No
PROJECT CAP
Award cannot exceed 100% of incremental withholdings
generated by the project
PROGRAM CAP
None
EDGE
ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY TAX CREDIT
INDIANA ECONOMIC DEVELOPMENT CORPORATION
iedc.in.gov
10