Business Information for Knox County Indiana
Companies located in Knox County maximize profits and minimize costs by taking advantage of the area's excellent operating environment. They benefit not only from the region's central location, but also from the skilled workforce, low utility rates, and low costs of doing business.
Major Employers in Knox County Indiana
| Major Industries (Vincennes) |
Product/Service |
Employment |
Union |
| Good Samaritan Hospital |
Health Care |
1,780 |
None |
| Vincennes University |
Education |
1,575 |
None |
| Schott Gemtron |
Glass Fabrication |
400 |
GWBPA |
| Futaba Indiana of America |
Automotive |
800 |
None |
| Vincennes Community School Corp. |
Education |
350 |
NES/ISTA |
| KCARC |
Textile, Finishing, Automotive |
380 |
None |
| Wal-Mart |
Retailing |
380 |
None |
| Bestway Express |
Trucking |
325 |
None |
| Knox County |
Services |
250 |
None |
| Lewis Bakeries |
Baked Goods |
188 |
BC&T |
| Lowes Home Improvement |
Retailing |
190 |
None |
| Sodexo, Inc. & Affiliates |
Catering/Food Services |
126 |
None |
| Wabash Steel |
Steel Fabrication |
65 |
IRONWORKERS |
| Packaging Corporation |
Corrugated Paper Containers |
132 |
USW |
| Excell USA |
Automotive-Plastics |
120 |
None |
Other Major Area Employers near Knox County include: GPC - 125 employees,
Toyota (TMMI) - 4,500 employees. |
Cost Of Doing Business
The overall cost of doing business is lower in Indiana than in the surrounding Midwest states. The state's pro-business attitude, conservative fiscal management, reasonable tax rates, low unemployment insurance and workers compensation rates make Indiana an excellent location for all types of businesses.
Figures below are based on 100 employees and net taxable due on $1M.
Business Costs |
Indiana |
Illinois |
Iowa |
Kentucky |
Michigan |
Minnesota |
Missouri |
Ohio |
Wisconsin |
Total for State* (2010) |
$151,136 |
$250,746 |
$212,453 |
$232,405 |
$168,927 |
$266,135 |
$195,070 |
$162,303 |
$200,932 |
Corporate Income Tax** (2009) |
$85,000 |
$73,000 |
$120,000 |
$100,000 |
$49,500 |
$98,000 |
$62,500 |
$2,600 |
$79,000 |
Average Annual workers comp*** (2010) |
$47,236 |
$135,926 |
$68,753 |
$110,805 |
$95,127 |
$106,775 |
$88,695 |
$135,403 |
$82,932 |
Average Workers comp rate (2008) |
1.23% |
2.79% |
1.86% |
2.96% |
2.15% |
2.33% |
2.20% |
3.32% |
2.12% |
Average Annual Unemployment Insurance**** (2010) |
$18,900.00 |
$41,820.00 |
$23,700.00 |
$21,600 |
$24,300 |
$61,360 |
$43,875 |
$24,300 |
$39,000 |
Other Data |
Average Annual Wage (2008) |
$38,403 |
$48.72 |
$36,964 |
$37,434 |
$44,245 |
$45,826 |
$40,316 |
$40,784 |
$39,119 |
Average Price of Electricity, Industrial Sector (2009) (cents/kWh) |
5.82 |
$7.62 |
5.38 |
4.99 |
7.3 |
6.42 |
5.57 |
6.89 |
6.83 |
* Total Business Costs – sum of Corporate State Income Tax, Workers’ Compensation and Unemployment Insurance
** Business Income Tax – Business Income Tax due per net taxable income of $1,000,000
*** Workers’ Compensation – Average Workers’ Compensation annual premium based on 100 employees
**** Unemployment Insurance – Average Unemployment Insurance based on 100 employees
Source: Indiana Economic Development Corporation June 2010
Click here to download as an Excel Spreadsheet. |
For a quick calculation on the cost of workers compensation, try this tool Courtesy of Hoosier Energy.
Financial Institutions
| Financial Institution |
Assets |
| Integra |
$68,974,000 |
| Fifth Third |
$66,092,000 |
| Old National Bank |
$152,287,000 |
| Regions |
$195,689,000 |
| German American |
$116,049,000 |
| First Financial Bank |
$34,961,000 |
| First Vincennes Savings Bank |
$30,960,000 |
| Heritage State Bank |
$12,012,000 |
| Source: FDIC June 2010 |
Major Employers | Cost of Doing Business | Financial Institiutions | Incentives | Taxes | Government/Services | Tools for Business
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