INDIANA INCENTIVES 

Indiana shows an average deal value of $1.77 million with 112 new jobs created per deal

ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY (EDGE)

The EDGE Tax Credit is a refundable corporate income tax credit and is calculated as a percentage (not to exceed 100%) of the expected increased tax withholdings generated from new jobs creation. The credit certification is phased in annually for up to 10 years based upon the employment ramp-up outlined by the Project.

To be eligible for the tax credit:

  • Project will result in net new jobs that were not previously performed by employees of the applicant;
  • Project is economically sound and will benefit the people of Indiana by increasing opportunities for employment and strengthening the economy of Indiana;
  • Project is being provided incentives by the municipalities affected by the Project; and
  • Project must acknowledge that receiving the tax credit is a major factor in the decision to move forward with the Project and not receiving the tax credit will result in the applicant not creating new jobs in Indiana.

HOOSIER BUSINESS INVESTMENT (HBI) TAX CREDIT PROGRAM

The HBI Tax Credit provides a non-refundable corporate income tax credits calculated as a percentage of the eligible capital investment to support the project. The credit may be certified annually, based on the phase-in of eligible capital investment, over a period of two full calendar years from the commencement of the project.

To be eligible for the tax credit:

  • Project will result in net new jobs that were not previously performed by employees of the applicant;
  • Project is economically sound and will benefit the people of Indiana by increasing opportunities for employment and strengthening the economy of Indiana;
  • Project is being provided incentives by the municipalities  affected by the project; and,
  • Project must acknowledge that receiving the tax credit is a major factor in the decision to move forward with the project and not receiving the tax credit will result in the applicant not creating new jobs in Indiana.

SKILLS ENHANCEMENT FUND (SEF)

The SEF provides assistance to businesses to support training and upgrading skills of employees required to support new capital investment. The grant may be provided to reimburse a portion (typically 50%) of eligible training costs over a period of two full calendar years from the commencement of the project.  Eligible training expenses include all expenses associated with employee training except:

  • Training wages;
  • Orientation related to new hires; and,
  • Safety training (OSHA).

OTHER INDIANA INCENTIVE PROGRAMS

  • Research and Development Tax Credit
  • Hoosier Alternative Fuel Vehicle Manufacturer Credit
  • Headquarters Relocation Tax Credit
  • Industrial Recovery Tax Credit
  • Venture Capital Investment Tax Credit
  • Patent Income Exemption
  • Right-To-Work
  • Industrial Development Grant Fund
  • Certified Technology Ready Program
  • Indiana Shovel Ready Program
  • Small Business Innovation Research Initiative & Small Business Technology