Chris Carmen / May 10, 2023
Are you a Chicago small business owner who’s tired of being squeezed by high rents, taxes, and the general malaise of a city that’s lost its edge? Do you feel like you’re fighting a losing battle against a political establishment that seems more interested in catering to big corporations than to the needs of entrepreneurs like yourself? Well, we’ve got some news for you: there’s a better way, and it’s just a few hours’ drive away. We’re talking about the Indianapolis Area, a city that’s on the rise and that’s quickly becoming a magnet for businesses that want to thrive in a friendly, affordable, and pro-growth environment. And the best part? At CARMEN Commercial Real Estate, we can help you make the move with confidence, ease, and expertise.
HALF OF SMALL BUSINESS IN THE WINDY CITY PLAN TO MOVE IN THE NEXT FIVE YEARS.
Are you still sitting on the fence about whether to move your business from Chicago to Indianapolis Area? Well, we’ve got some news for you: you’re not alone, and you might want to make up your mind sooner rather than later. According to a recent survey from Crain’s Chicago Business, nearly half of all small businesses in the Windy City are planning to move in the next five years. That’s right, you heard it: half. And while some might dismiss this as just another statistic, we see it as a wake-up call for anyone who cares about the future of their business. Think about it: if you don’t take action now, you risk being left behind in a city that’s becoming increasingly inhospitable to small and medium-sized enterprises. But if you make the move to the Indianapolis Area and the surrounding suburbs, you’ll be tapping into a market that’s booming, affordable, and full of opportunities. The choice is yours, but we urge you to take the leap and make your mark in a city that’s on the rise.
THE INDIANAPOLIS AREA IS THE LOGICAL CHOICE
The Indianapolis Area is one of the most business-friendly cities in the country, and it’s no accident. The city has worked hard to create an environment that’s welcoming to businesses of all sizes and types, and the results speak for themselves. For example, according to Forbes, Indianapolis is the third-best city in the country for jobs, with a projected job growth rate of 2.7% and an unemployment rate of just 3.2%. The city also boasts one of the lowest costs of living of any major city in the Midwest, which means your business dollars go further here. Additionally, Indiana is consistently ranked as one of the most business-friendly states in the country, with low taxes, streamlined regulations, and a pro-growth attitude. In fact, Indiana recently landed a Chicago-based startup a whopping $3.8 million in incentives to move to the Hoosier State. Another company, Hoist Liftruck, discovered when they moved their business from Illinois to Indiana, they were able to save “many millions of dollars a year.” That’s right, millions! When you factor in the lower taxes, lower costs of living, and favorable incentives for businesses, it’s easy to see why Illinois simply can’t compete.
THOSE IN TECH BETTER PAY ATTENTION TO THIS
Listen up, businesses! If you haven’t heard, Indianapolis is fast becoming one of the hottest cities in the country for relocation and expansion, especially for those in the tech industry. This city has become a beacon for top talent, resources, and opportunities in tech, attracting giants like Salesforce, Infosys, and Genesys, as well as many up-and-coming startups. In fact, Salesforce recently received $17.2 million in tax incentives to establish their regional headquarters in Indianapolis, creating over 800 new jobs in the process. Infosys also received a package of $31 million in incentives to expand their operations in Indiana, while Genesys was awarded $1.2 million in tax credits and up to $500,000 in training grants for their expansion in Indianapolis. With a growing pool of highly skilled workers, world-class research institutions, and a supportive and collaborative business community, Indianapolis is quickly emerging as a tech hub that rivals the likes of Silicon Valley.
CARMEN LOVES INDY
We know, we know – it’s not just about the bottom line. Indianapolis is ALSO a great place to live, work, and play. With a thriving arts scene, world-class museums, and delicious food, Indianapolis has something for everyone. And with a cost of living that’s lower than Chicago, you can actually afford to enjoy it all.
Need a recapped list of all the reasons why the Indianapolis Area and surrounding suburbs is the most logical option to move your Chicago business to? Don’t worry – we got you.
• Lower taxes: Indiana’s tax burden is among the lowest in the country, with no state tax on business inventory or equipment. In contrast, Illinois has some of the highest taxes in the country, including high property taxes, income taxes, and sales taxes.
• More affordable cost of living: The cost of living in Indiana is significantly lower than in Chicago, with lower housing costs, lower healthcare costs, and overall lower expenses.
• Strong economy: Indiana has a diverse and growing economy, with a strong manufacturing base, a thriving tech sector, and a growing healthcare industry. This has led to a low unemployment rate and a stable business environment.
• Skilled workforce: Indiana has a highly skilled and educated workforce, with several top-ranked universities and vocational schools producing top talent in a variety of fields. This is particularly true in the tech industry, where Indiana is investing heavily in workforce development and training programs to meet the growing demand for tech talent.
• Infrastructure: Indiana has an extensive and well-maintained infrastructure, with a network of highways, railways, and airports that make transportation and logistics easy and efficient. Plus, the central location of Indianapolis makes it an ideal hub for businesses looking to serve customers throughout the Midwest and beyond.
• Political Environment: One advantage that Indianapolis has over Chicago is its safer and more secure environment. While Chicago has a reputation for high crime rates and violence, Indianapolis has consistently ranked as one of the safest cities in the country. The city has invested in public safety initiatives and community policing efforts, resulting in a decrease in violent crime and property crime rates over the past decade. Additionally, Indiana has a more business-friendly political climate, with a stable government and lower taxes, making it an attractive destination for businesses looking to relocate from Chicago. By choosing Indianapolis, businesses not only benefit from a more supportive business environment but also provide their employees with a safer and more secure place to live and work.
WE’VE CONVINCED YOU.. BUT HOW DO YOU MAKE IT HAPPEN?
If you’re worried about finding the right location for your business, don’t be. CARMEN Commercial Real Estate can help you find the perfect space for your needs, whether you’re looking for a downtown location or a suburban office park. With our expertise exclusively in tenant representation, we can help you negotiate favorable lease terms, identify tax incentives and abatements, and make the move to Indianapolis with confidence and ease.
So, what are you waiting for? Make the move to Indianapolis with the help of CARMEN Commercial Real Estate. Say goodbye to the high costs and unfriendly business environment of Chicago and hello to a thriving market that’s ready to welcome you with open arms.
CONTACT US TODAY TO LEARN MORE.
« Previous Next »