Indiana is an ideal state for entrepreneurs looking to start a business. With its low cost of living, talented workforce, and business-friendly environment, it’s no wonder that so many startups are choosing the Hoosier State as their base of operations. If you’re looking to start a business in the region, here are five of the fastest growing businesses in Indiana and the best locations to get started.
#1. Technology
This sector includes everything from web development and coding to IT services and software engineering. Indianapolis is one of the most tech-friendly cities in the Midwest, with dozens of organizations dedicated to helping local startups succeed. There are also plenty of shared workspaces where entrepreneurs can network and collaborate on projects with other like-minded individuals.
#2. Healthcare
With its many hospitals and universities, Indianapolis is quickly becoming one of the Midwest’s top destinations for healthcare professionals. For entrepreneurs looking to get into this industry, there are plenty of opportunities available both within existing healthcare institutions as well as independent startups focused on developing new technology or treatments.
#3. Manufacturing
Indiana has been historically known for its strong manufacturing sector, which accounts for around 10% of all jobs in the state. Companies such as Toyota and Cummins have developed large factories here over the past few decades, helping create thousands of new jobs throughout rural parts of Indiana and beyond.
#4. Education
If you’re looking for a more creative enterprise, why not try your hand at education? With hundreds of private schools located throughout Indiana, there’s a great opportunity for entrepreneurs who want to build their own educational institution or provide courses online through digital platforms like Udemy or Coursera.
#5. Agriculture & Food Production
Indiana is home to some of the nation’s most prominent agricultural producers such as Perdue Farms and Elanco Animal Health Products Inc., making it an ideal place for those interested in food production or agriculture-related businesses ventures. There are several incubators throughout rural parts of Indiana that provide resources and support for small farmers who want to get started in this field.
BEST LOCATIONS TO START A BUSINESS IN INDIANA
Indianapolis – As mentioned previously, Indianapolis has become one of the most popular places for startup businesses due its abundance of resources (such as co-working spaces) and proximity to major universities like Purdue University and IUPUI (Indiana University–Purdue University Indianapolis).
Fort Wayne – Known as “The Summit City” due its high concentration of corporate headquarters (including Do It Best Corporation), Fort Wayne is an ideal location if you’re looking for access to local capital markets or need help getting your ideas off the ground via mentorship programs offered by nearby universities such as IPFW (Indiana University–Purdue University Fort Wayne).
Evansville – This city along southern part offers plenty advantages such as low cost living options, easy access highways, railroads etc. Evansville has seen a recent explosion growth due presence Fortune 500 companies such Koch Enterprises Inc., Old National Bank, Vectren Corporation etc. These companies have made Evansville highly attractive destination budding entrepreneurs.
South Bend – Located just east Lake Michigan, South Bend offers great opportunities growing business owners. Home Notre Dame University, South Bend has strong history culture which makes it perfect launching pad any type business venture. Additionally, city’s robust infrastructure makes easily accessible all kinds customers potential investors.
Bloomington – Bloomington offers variety advantages budding entrepreneurs including low cost living options, diverse cultural attractions, close proximity major university town Indinana University etc. Additionally, city also provides access world class restaurants art galleries which adds extra appeal overall experience starting business here.
Starting own business can be daunting task but with right guidance knowledge anyone can take plunge into entrepreneurial journey. Thankfully Hoosier State provides number advantages budding entrepreneurs including wide range resources numerous locations choose from depending upon nature type business venture they wish pursue. Whether you’re looking set shop bustling metropolis big city feel small cosy setting quaint college town across state there something everyone when comes starting successful business venture in Indiana!