Best Cities to Start a Business in Indiana
Indiana is consistently recognized as one of the best Midwestern states to do business. With the second lowest cost of living in the nation and forgiving tax rates, the state does well to limit the financial strain on developing businesses. Indiana also boasts an excellent talent pool of graduates from the University of Notre Dame, Purdue, and Indiana University, all nationally recognized schools.
Always an agricultural giant, Indiana has recently fostered a number of startups hoping to revolutionize its industry and farming networks.
One example is Tyner Pond Farm, which purchases pasture-raised cattle, poultry, and pigs from a number of regional farms and sells them to wholesalers. People are able to use an app to purchase meat which is delivered without additional cost. Due to its aging network of distribution of meat products and domination by several large companies, the demand for greater technological integration and less wasteful production in the meat industry is high, and Indiana provides great opportunities for those up to the challenge.
Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of living, Best state for business, Unemployment, Kauffman index, and Universities.
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