Business Attraction

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Competitive Comparison

Business Cost	Indiana	Illinois	Kentucky	Michigan	Ohio	Pennsylvania	Tennessee
Business Expenses Estimated Payroll Based on 100 Employees (Avg. Annual Wage) (2003)	$3,815,600	$4,534,300	$3,599,600	$4,612,100	$3,883,100	$3,110,900	$3,894,000
Avg. Mfg. workers' Compensation Annual Tax Based on 100 Employees	$71,733	$165,502	$145,784	$197,398	$155,324	$89,275	$166,274
Workers’ Compen sation Rate for Mfg. Per $100 of Payroll	$1.88	$3.65	$4.05	$4.28	$4.00	$4.24	$4.27
Total State Business Taxes*	$172,133	$274,802	$243,409	$302,811	$257,124	$309,418	$250,874
Average Annual Wage, 2003(Private Industry)	$38,156	$45,343	$35,996	$46,121	$38,831	$41,490	$38,940
Industrial Electricity Costs, 2003 (cents/kWh)	$.04	$.049	$.032	$.047	$.047	$.058	$.043