• Aerial shot of businesses

A City Built For Top Companies & Strong Talent

Carmel leaders have spent the last 25 years transforming a high-quality traditional suburb into an internationally recognized, vibrant city where more than 130 corporate headquarters have chosen to establish their base in order to thrive and recruit from around the globe and from a talented pool of Carmel residents that are among the best educated and most productive in the nation.

Carmel has carefully planned the development of its residential and commercial projects, striking a balance between (i) higher-density corridors like U.S. 31 and the central core (City Center, Midtown) that offer corporate and residential live-work-play and retail opportunities and (ii) traditional, family-oriented suburban neighborhoods on Carmel’s east and west sides (including the nationally-recognized Village of West Clay). City Center is home to The Center for the Performing Arts, which includes the Palladium, a 1,600-seat concert hall that is among the acoustically best venues in America, and the luxury-boutique Hotel Carmichael, the state’s only Marriott Autograph Collection hotel. Carmel’s award-winning history of partnering with our corporate citizens and developers has created a built environment that attracts even more large corporate headquarters, unique small businesses and entrepreneurs, and the young and talented workforce needed to fill local jobs now and in the future.

Carmel takes talent attraction and retention seriously. The City’s public schools are some of the best in the State of Indiana, where students are able to choose from a diverse curriculum that includes nine foreign languages, advanced academics, the arts, music and an athletic program recently named best-in-the-nation. The City is also home to a world-class public library that is nationally recognized and in such high demand that it recently announced a major expansion of its campus. In addition, Carmel has both a professionally accredited police department and fire department that has kept Carmel, statistically, one of the safest cities in America. The City has also built a nationally renowned local transportation network of more than 145 roundabouts that has contributed to making Carmel one of the safest cities in which to drive in Indiana.

Carmel residents and corporate citizens have enjoyed a strong quality of life with one of the lowest property tax rates in Indiana and these rates continue to fall as Carmel continues building responsible low-urban-density in its core. In addition, Carmel has maintained ownership of its local utilities in order to keep water and sewage rates low. Capital markets continue to recognize Carmel’s long-term fiscal strengths and the City’s S&P AA bond rating ranks it in the top 25 percent of cities nationally. For all these reasons and many more, Carmel continues to be celebrated nationally as one of the Best Places to Live, Work, Launch a Career, Raise a Family and Retire.

Carmel at a Glance

Workforce
Top Industries by Jobs
Income
State Tax Rate
Municipal Tax Rate
Privately Owned and Operated Municipal Water and Sanitary Sewer
Rainy Day Fund
Transportation
Sister Cities: Japan, China, Italy and Latvia
Pro Business Relationship

State Incentives

WORKFORCE TRAINING GRANT - SKILLS ENHANCEMENT FUND (SEF)
HEADQUARTERS RELOCATION TAX CREDIT (HQRTC)
HOOSIER BUSINESS INVESTMENT TAX CREDIT
PATENT INCOME TAX EXEMPTION
RESEARCH & DEVELOPMENT INCENTIVES
PAYROLL TAX CREDIT - ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY (EDGE)
COMMUNITY REVITALIZATION ENHANCEMENT DISTRICT TAX CREDIT
VENTURE CAPITAL INVESTMENT TAX CREDIT (VCI)