Business Demographics

Although incorporated in 1887, Noblesville has experienced its most significant surge in residential, commercial and industrial growth within the past decade. For an in depth look at Noblesville’s economic and business climate click on the headings below.

SMC Corporation of America 620 Pneumatic automation products manufacturing
King Systems Corporation 450 Anesthesia/respiratory care product manufacturing
Ryan Fireprotection, Inc. 195 Design/installation of custom fire protection systems
Riverwalk Village 170 Skilled nursing facility
Industrial Dielectrics, Inc. 170 Engineered thermoset plastic compounds/laminates/parts
Hare Chevrolet 165 Chevrolet dealership and service center
Perfecto Manufacturing, Inc. 150 Aquarium products/accessories manufacturer
Helmer Labs, Inc. 145 Design/manufacture refrigerated lab equipment
Cardon & Associates 120 Skilled nursing/assisted living facility
Stanley Security Solutions, Inc. 118 Produce/install correctional facility electronic systems
Atkins Elegant Desserts, Inc. 90 Dessert foods processing
Riverwalk Commons 80 Assisted living facility
Perkins Logistics 76 Long-haul/regional truckload distribution
Warner Bodies, Inc. 70 Truck body manufacturing/metal stamping
EnerDel, Inc. 67 Lithium-ion battery pack manufacturing
Metro Plastics Technologies, Inc. 61 Custom plastic injection molding
Noble Industries, Inc. 55 Sheet metal fabrication/powder coating
Ambassador Medical/GE 50 Refurbished ultrasound equipment/parts
Index Corporation 43 CNC turning machine manufacturing
Burco Corporation 43 Custom plastic injection molding
Taylored Systems, Inc. 32 Design/install telecommunications systems
Public Sector
Riverview Hospital 1,358 Healthcare
Noblesville Schools 1,250 Public schools
Hamilton County 980 County government
City of Noblesville 420 Municipal government
Hamilton East Public Library 135 Regional library
Indiana Corporate Income Tax
  1. Tax Rate
  1. 8.5% of Federal Adjusted Gross Income (but will be lowered to 6.5% over the next three years

 

Indiana Personal Income Tax
  1. Tax Rate
  1. 3.4% of Federal Adjusted Gross Income

 

Indiana Sales and Use Tax
  1. Tax Rate
  1. 7.0% Exemptions: Manufacturing raw materials and equipment, power, electricity and utilities. Wholesale sales, items used directly in production and sales made in interstate commerce. Purchase of R&D equipment.

 

Property Tax
  1. Real Property
  2. Personal Property
  3. Noblesville Tax Rate
  1. Assessed at 100% of Market Value
  2. Assessed at 100% of Market Value
  3. $2.76 per $100 of Assessed Value

 

Unemployment Insurance
  1. New Employer Rate
  2. Taxable Wage Base
  1. 2.7% for first 36 months—after which a variable merit rate is calculated
  2. $7,000

 

Worker's Compensation
  1. Avg Rate by Industry Group
  1. Manufacturing—$2.22, Contracting—$4.06, Office—$.26, Goods & Services—$1.93, Misc—$3.83, All Classes Avg—$1.42

 

Local Personal Income Tax
  1. Hamilton County Resident
  2. Non-Resident
  1. 1.0%
  2. .25%
Duke Energy Indiana, Inc (Electric Service):
Selected Average Monthly Rates

Residential: 1,000kWh—$.09662/kWh (no demand charge)
Commercial: 500kW demand & 180,000kWh—$.07696/kWh (i.e. sizable office building)
Industrial: 1,000kW demand & 650,000 kWh—$.05553/kWh (i.e. small-medium manuf. facility)

Economic Development Rider 59: 12 month rate reduction available for qualified customers 1,000kW+

 

Vectren Corporation (Natural Gas Supplier):
Rate 220—Non Residential Customers with Annual Usage less than 50,000 Therms
Distribution Charge (per therm): $.1743 (first 500)/$.1541 (over 500)

Rate 245—Non Residential Customers with Annual Usage from 50,000-500,000 Therms
Distribution Charge (per therm):$.1713 (first 2,500)/$.0776 (over 2,500)

Rate 260—Non Residential Customers with Annual Usage of 500,000 Therms or Greater
Distribution Charge (per therm):$.0561 (first 50,000)/$.0441 (next 250,000)/$.0293 (over 300,000)

 

Indiana-American Water (Water Supplier):
Noblesville System Capacity—9.0 MGD
Average Daily Demand—3.7 MGD

Rate per 1000 Gallons
First 15—$4.6360 per 1000
Next 3,735—$3.2356 per 1000
Over 3,750—$1.7791 per 1000

Monthly Meter Charge
5/8"—$13.20, 3/4"—$16.32, 1"—$22.57, 1.5"—$38.20, 2"—$56.95, 3"—$100.70, 4"—$163.21, 6"—319.47, 8"—506.99, 10"—$819.51, 12"—$1350.81

 

City of Noblesville Wastewater Utility
Treatment Plant Capacity—10 MGD (expansion underway)
Average Daily Demand—5 MGD
Monthly Flow Charge per 1000 Gallons—$3.58

Monthly Meter Charge
5/8"-3/4"—$12.30, 1"—$27.45, 1.25"—$42.65, 1.5"—$60.90, 2"—$103.20, 3"—234.60, 4"—$406.40, 6"—$921.65
  1. Population 16+ Years
  2. In Labor Force
  3. Not in Labor Force
  4. Employed
  5. Unemployed
  6. Unemployment Rate
  1. 36,244
  2. 26,527
  3. 9,717
  4. 25,586
  5. 934
  6. 7.4%

 

Occupation
  1. Employed Population 16+ Years
  2. Management, Including Farmers and Farm Managers
  3. Business & Financial Operations
  4. Computer and Mathematical
  5. Architecture & Engineering
  6. Life, Physical, and Social Science
  7. Community and Social Services
  8. Legal
  9. Education, Training, Library
  10. Arts, Design, Entertainment, Sports & Media
  11. Healthcare Practitioners and Technical
  12. Healthcare Support
  13. Protective Service
  14. Food Preparation & Serving Related
  15. Building and Grounds Cleaning & Maintenance
  16. Service: Personal Care and Service
  17. Sales and Related Occupations
  18. Office & Administrative Support
  19. Farming, Fishing & Forestry
  20. Construction & Extraction
  21. Installation, Maintenance & Repair
  22. Production
  23. Transportation & Material Moving
  1. 25,586
  2. 3,016
  3. 1,609
  4. 827
  5. 924
  6. 270
  7. 662
  8. 185
  9. 1,997
  10. 411
  11. 1,626
  12. 302
  13. 443
  14. 1,043
  15. 633
  16. 709
  17. 3,419
  18. 3,636
  19. 16
  20. 861
  21. 743
  22. 1,418
  23. 1,008
John Ditslear
Mayor of the City of Noblesville
Christy Langley
Assistant Director Economic Development
Judi Johnson
Assistant Director Economic Development
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