Wayne County - The QTI Group

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Wayne County Community Profile Cincinnati/Northern Kentucky International Airport (CVG) Location 64 miles Southeast # of Runways 4 Runway Lengths 12,000,’ 11,000,’ 10,000,’ 8,000’ Lighted Runway Yes – High Intensity Aircraft Storage Hangars and Tiedowns Aircraft maintenance Airframe and Powerplant Airline Carriers 8 Major Airlines Freight Carriers FedEx, DHL Source: AirNav, 2012 CVG Airport, 2012 Indianapolis International Airport (IND) Location 80 miles West # of Runways 3 Runway Lengths 11,200,’ 10,000,’ 7,280’ Lighted Runway Yes – High Intensity Aircraft Storage Tiedowns Aircraft Maintenance Airframe and Powerplant Airline Carriers 9 Major Airlines Freight Carriers FedEx Hub Source: AirNav, 2012 Indianapolis Airport, 2012 Motorized Transport Taxi Companies 4 Car Rental Companies 3 Motor Freight Carriers 15 Source: WayNet, 2012 Visit Richmond, 2012 Rail Service Freight Indiana boasts almost 4,000 miles of track operated by Class I railroads, providing maximum connectivity to Indiana’s major ports. • C & NC Railroad is a short-line operator that runs between New Castle and Connersville, Indiana. This railway connects to the main CSX and Norfolk Southern lines in the area. • CSX provides services across the state of Indiana covering over 1,900 miles and allows maximum connectivity for businesses. CSX connects with local short-line providers and operates an intermodal facility in Indianapolis. • Indiana Eastern Railroad provides many links to local short-line railways throughout its 11 miles of track in Wayne County. This railway connects directly to the Norfolk Southern System. • Norfolk Southern operates a major North-South rail artery throughout Wayne County, giving businesses access to major Eastern ports including Pittsburg and New York. Norfolk Southern operates 25 miles of track across Wayne County and over 1,500 miles in Indiana alone. This railway also operates an intermodal facility nearby in Cincinnati, Ohio. Source: Bureau of Transportation Statistics, 2012 Indiana Eastern Railroad, 2012 Norfolk Southern, 2012 CSX, 2012 Provider Amtrak Passenger Location 20 miles Southwest of Richmond Indiana Freshwater Ports Port Location Access Burns Harbor 226 miles NW Great Lakes, Atlantic Ocean Jeffersonville 176 miles SSW Mississippi and Ohio Rivers, Gulf of Mexico Mississippi and Mount 264 miles SW Ohio Rivers, Vernon Gulf of Mexico Source: Ports of Indiana, 2012
Wayne County Community Profile Financial/Income Per Capita Income $ 28,916 Median Household Income $ 36,424 Poverty Rate 20.3% Source: STATS Indiana, 2010 ACCRA Cost of Living Index The ACCRA Cost of Living Index measures relative price levels for consumer goods and services in participating areas. The average for all participating areas equals 100 and each participant’s index is read as a percentage of the average for all places. City Composite Grocery Housing Utilities Index Items Richmond, IN 86.3 80.9 79.1 91.2 Chicago, IL 114.7 114.4 133.8 97.6 Louisville, KY 91.7 87.9 83.4 102.3 Detroit, MI 93.7 95.8 84.6 104.0 St. Louis, MO 91.1 95.1 75.3 104.4 Cincinnati, OH 93.3 104.1 78.9 99.4 Columbus, OH 90.3 94.3 76.8 99.9 Pittsburgh, PA 94.8 104.8 76.7 100.6 Memphis, TN 85.9 91.3 72.4 88.2 Twin Falls, ID 92.3 91.1 85.9 100.3 Quincy, IL 95.4 96.9 94.9 92.7 Hutchinson, KS 94.6 92.4 93.6 87.6 Findlay, OH 96.6 102.2 80.2 98.8 Source: 2011 Annual ACCRA Cost of Living Index www.coli.org Cost of Doing Business Midwestern States Tax Comparison (Taxable Income = $1,000,000; Employees = 100) Total State Business Business Taxes (2010) Income Tax Indiana $151,136 $85,000 Illinois $250,746 $95,000 Iowa $212,453 $120,000 Kentucky $232,405 $60,000 Michigan $168,927 $49,500 Minnesota $266,435 $98,000 Missouri $195,070 $62,500 Ohio $162,303 $85,000 Wisconsin $200,932 $79,000 Source: IEDC, 2010 Midwestern States Worker’s Comp. (WC) Comparison (Taxable Income = $1,000,000; Employees = 100) WC WC Unemp. Premium Rate Insurance (2010) (2010) (2010) Indiana $47,236 $1.16 $18,900 Illinois $135,926 $3.05 $41,820 Iowa $68,753 $1.82 $23,700 Kentucky $110,805 $2.29 $21,600 Michigan $95,127 $2.12 $24,300 Minnesota $106,775 $2.27 $61,360 Missouri $88,695 $1.90 $43,875 Ohio $135,403 $2.24 $24,300 Wisconsin $82,932 $2.21 $39,000 Source: IEDC, 2010 Taxes Excluded Taxes: Indiana has no gross receipts or inventory taxes. Sales and Use Tax Indiana’s Sales and Use 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. Source: Indiana Department of Revenue, 2012 Property Tax Real and personal property tax is assessed at 100 percent of market value. Tax rates and exemptions vary among local jurisdictions, with key districts averaging 2.6408%. For relevant jurisdictional rates, refer to the Incentives & Taxes section. Source: Wayne County Auditor, 2012 Individual Income Tax Indiana’s personal income tax is 3.4 percent of federal adjusted gross income (with certain exemptions and deductions). Source: Indiana Department of Revenue, 2012
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