Why Fort Wayne

Choose Fort Wayne

Located in the heart of the Midwest, Fort Wayne boasts a population of nearly 264,488 and acts as the urban center of Northeast Indiana, a region of approximately 800,000 people. The city is conveniently located just two hours from Indianapolis and three hours to Chicago, Detroit, Cincinnati, Columbus and Cleveland. In addition to convenient drive times, Fort Wayne International Airport serves more than 700,000 passengers.

Fort Wayne is undergoing a long-term revitalization with new living options and economic development projects centered around downtown and the riverfront areas. Since 2009, downtown Fort Wayne has seen more than $459 million in new development with plans for nearly $500 million in private and public investments this year. In addition to development, business is booming in Fort Wayne due to Indiana’s competitive tax climate, business culture and state incentives. There is no shortage of talent in Fort Wayne as there are 774,000+ students enrolled at Tier 1 and Tier 2 research universities within 200 miles.

Residents in Fort Wayne have access to amenities one would expect to find in a large metropolis, like excellent entertainment options, amazing sports and a thriving arts scene. With it’s low cost of living, big city amenities and thriving business climate, Fort Wayne is an excellent place to buy a house, raise a family, start a career and launch a business.

Fort Wayne is becoming flat-out cool. Still in the phase where a visitor to the city will have to know just where to look for the signs… It’s clear that there’s something afoot here, and that in an age where we’re skeptical about everything, let alone lists making the rounds on the internet, Fort Wayne really is a place to keep your eye on.”

Food & Wine Magazine
October 2017

#1

Place to Raise a Family
smartasset.com, 2018

#4

Upcoming Hipster Market
yelp, realtor.com, 2017

#2

Hottest Housing Market
realtor.com, 2018

#6

Affordable Place to Live
liveability.com, 2017

TOP 5

Most Popular City Among Millennial Homebuyers
LendingTree, 2018

#9

Best-Run City in America
wallethub, 2017

PERFORMING ARTS

PERFORMING ARTS
Fort Wayne Ballet
Fort Wayne Philharmonic
Clyde Theatre
Embassy Theatre

FESTIVALS
Middle Waves Music Festival
Three Rivers Festival
Design Week Fort Wayne
Hobnobben Film Festival

Museams

MUSEUMS
Science Central
Fort Wayne Museum of Art
History Center
Artlink Gallery

Fort Wayne Children's Zoo

FAMILY FRIENDLY
Fort Wayne Children’s Zoo
Public Yoga
Farmers Markets
200+ lakes in Northeastern Indiana
2,805 acres of public parks

Education & Workforce

214,000+

Annual graduates from tier 1 and tier 2 research universities withing 200 miles

37%

Associate degree+ attainment among adults in Allen County

384,000

Workers in the 11-county northeast Indiana regional labor force

41,000

College students enrolled in Allen County colleges and universities

Economic Development in Allen County (2013-2017)

6,345

New Jobs

$271M

New Annual Payroll

$2.3B

Capital Investment

Fort Wayne Tincaps

Parkview Field
Home to the TinCaps and ranked Best of the Ballparks and #1 ballpark experience in Minor League.
Ballpark Digest, 2018

Allen County War Memorial Coliseum
Arena, expo and conference center home to NBA G-League Mad Ants and ECHL Komets, NCAA regional and national competitions, as well as a venue for national and international entertainers

Parkview Regional Medical Center

Parkview and Dupont hospitals are two of the nation’s Top 100 medical centers.
Truven Health Analytics, 2018

Indiana Stats

#5

State Cost for Doing Business
yelp, realtor.com 2017

#2

Top States for Business
CNBC, 2018

#10

State for Competitive Tax Climate
realtor.com, 2018

Local Business Incentives

TAX ABATEMENTS
Tax phase-ins give local governments the option of allowing certain businesses to phase in those new taxes that would otherwise be assessed to their purchase of equipment used for manufacturing, research and development, logistical distribution, and information technology.

NORTHEAST INDIANA WORKS
Northeast Indiana Works connects with various state and federal agencies to offer grants and incentives to businesses to help train workers. Northeast Indiana Works can also assist with hiring a skilled workforce for companies that are expanding their operations.

LOW-INTEREST LOANS
The Community Development Corporation (CDC) of Northeast Indiana facilitates five loan programs for new and existing businesses interrelated with job creation. These programs can fund a variety of business expenses ranging in size from a few thousand dollars up to $5.5 million on the CDC portion of the project.

SUMMIT CITY ENTREPRENEUR AND ENTERPRISE DISTRICT (SEED)
Administered by Fort Wayne’s Urban Enterprise Association, SEED focuses on programs that support entrepreneurship, innovation, technology development, and small business development.

FOREIGN TRADE ZONE #182
The Foreign Trade Zone (FTZ) program operates in a 12-county region in Northeast Indiana. Any company within this area can apply to be a FTZ operator, allowing it to defer or even void payment of import duties – often enjoying a lower tariff rate.

State Business Incentives

ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY TAX CREDITS (EDGE)
EDGE is a refundable tax credit program that rewards companies creating jobs and contributing to the growth of Indiana’s economy. EDGE credits may be awarded for a period of up to 10 years.

HOOSIER BUSINESS INVESTMENT TAX CREDITS (HBI)
This program encourages capital investment in Indiana by providing a credit against a company’s Indiana tax liability.

SKILLS ENHANCEMENT FUND (SEF)
SEF provides financial assistance to businesses committed to training their workforce. Trainees must be Indiana residents. SEF reimburses eligible training expenses over a two-year term. Companies may reapply for additional SEF funds after their initial two-year term.

PATENT INCOME EXEMPTION
The Patent Tax Exemption allows certain income derived from qualified patents to be exempt from taxation. The Tax Exemption for Patent-Derived Income defines qualified patents to include only utility patents and plant patents.

RESEARCH AND DEVELOPMENT (R&D) TAX CREDIT
The Research and Development credit provides a credit against state tax liability for qualified company research expenses.

ELEVATE VENTURES
Elevate Ventures is a private venture development organization that nurtures and develops emerging and existing high-potential businesses into highperforming, Indiana-based companies.

NEXT LEVEL JOBS
Next Level Jobs is a campaign that targets working-age Hoosiers and Indiana employers with the goal of skilling up our workforce to fill the high-wage jobs available right now in every part of the state.

These incentives are geographically driven, meaning only projects within certain census tracts or geographic areas qualify. Electric Works is eligible for all 3 incentive programs.

OPPORTUNITY ZONES
The Opportunity Zone program offers long-term federal tax deferral on capital gains for investors investing in Opportunity Zones and additional tax exclusion from new capital gains achieved from those Opportunity Zone investments. Opportunity Funds will own full assets or a shared ownership position in real estate and operating businesses located in the zones.

NEW MARKETS TAX CREDITS
The New Markets Tax Credit program attracts capital by providing private investors with a federal tax credit for investments made in economic development projects operating businesses including the provision of working capital, purchase of equipment, or other financing.

HUBZONE
The Historically Underutilized Business Zones (HUBZone) program helps small businesses gain preferential access to federal procurement opportunities. Certified small businesses in a HUBZone can receive contracting opportunities in the form of set-asides, sole-source awards, and price-evaluation preferences.

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