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Indiana Municipal Power Agency
Contact: Bryan Brackemyre
11610 N College Ave
Carmel, IN 46032
Phone: 317-573-9955
www.impa.com

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Overview

The Indiana Municipal Power Agency (IMPA), the wholesale power provider to 60 communities in Indiana and Ohio, is proud to partner with its Members and their local economic development teams, supporting local economic development efforts.

IMPA understands that the cost of electricity is a major factor in a business’ cost of operation, and IMPA is striving to offer competitive wholesale rates to its Members for the foreseeable future. In fact, due to careful planning and resource management, IMPA now offers some of the lowest electric wholesale rates in the state of Indiana. IMPA is fiscally-strong, with assets totaling over $1.7 billion, including generation and transmission resources. IMPA’s newest resource, the Prairie State Energy Campus, is the “cleanest coal plant you can get” with current industry technology. As a result of wise investments in new generation and successful management decisions, IMPA expects its rates to remain stable and well below the rates of other utilities in Indiana. IMPA is in a strong financial position moving forward.

If your business is considering locating or growing, there is no better place than in one of IMPA’s public power communities. Like IMPA, Indiana is fiscally-strong and currently holds the highest bond ratings from all three major rating agencies. Please take a moment to learn more about IMPA’s Members and the competitive advantages of doing IMPA Mapbusiness in a public power community and in the state of Indiana.

IMPA and Indiana Advantages

IMPA focuses on commercial and industrial investment in communities because a strong industrial and commercial base helps support the overall welfare of these municipalities. One of the great things about being in a public power community is that IMPA’s Members are committed to helping business thrive in their community. Unlike investor-owned utilities, IMPA’s municipal utilities are non-profit and their top priority is to provide low-cost, reliable and environmentally-responsible electricity. In addition to electric utility revenues, businesses support the local tax base and contribute to the health and strength of these municipalities.

Indiana’s Gross Domestic Product grew 4.6% in 2010, compared to the national rate of 2.6%, and this is the third highest growth rate in the United States (U.S. Bureau of Economic Analysis). When compared to other states, Indiana consistently ranks among the top states in which to do business. Here is a summary of some of the recent pro-business accolades that Indiana has received:

  • First in the Midwest and 10th nationally – Tax Foundations’ 2013 Business Tax Climate Rankings (2012)
  • Top five best states in the nation – Chief Executive Magazine’s “Best & Worst States) (May/June 2012)
  • First in the Midwest and 8th nationally -Area Development magazine’s “Top States for Doing Business” ranking (Fall 2012).
  • Indiana has triple-A credit ratings (Standard & Poor’s and Moody’s).
  • Indiana ranked 5th nationally by Dr. Ronald R. Pollina for Pollina’s Corporate Real Estate’s Top 10 Pro-Business States for 2012 (2012).

There are competitive advantages about doing business in the State of Indiana. Indiana has world-renowned universities and colleges – providing unparalleled educational opportunities in science, engineering and medical fields. IMPA CommunitiesIn addition, Indiana also has a strong community college network of Ivy Tech College throughout the state where specific training can be developed to match local employers’ needs. Several IMPA communities, including, Anderson, Crawfordsville, Frankfort, Richmond, Lawrenceburg and Tell City, have an Ivy Tech presence.

Indiana’s workforce and infrastructure help position it for certain industries. The state is perfectly situated for manufacturing as well as the transportation, logistics and distribution industries. Indiana’s strong infrastructure includes:

  • Eight interstates, which connect in Indiana and run throughout the United States (more than any other state in the country).
  • Completing the largest new federal interstate project in the country – 1-69 in southwest Indiana
  • First in shortest distance to the median center of U.S. population
  • Strong rail systems
  • Air cargo capabilities, with the second largest FedEx air hub in the world; and
  • Port access, with three Indiana ports, connecting Indiana through the Ohio River and Lake Michigan.

The cost of skilled labor is also attractive in the industries compared with competing states, and this greatly contributes to the overall cost of doing business in the state.

 

 


 
 
 
 
         
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