SOUTHWEST INDIANA BUSINESS INCENTIVES
There are a variety of incentives for those doing business in Southwest Indiana. They include:
Tax Credits
A number of state tax credits are available:
Provides credit toward a company’s state taxes. The amount of the credit is calculated by the Indiana Economic Development Coalition, and is based on the company’s proposed capital investment and the economic benefits of that investment.
An incentive for companies to invest in facilities requiring significant remodeling. A building is first designated an industrial recovery site, then companies may qualify for tax credit equal to a percentage of rehabilitation expense.
Investors providing qualified debt or equity capital to fast-growing Indiana companies receive a credit that applies toward their Indiana income tax liability.
Loan Guaranty Program
Loan Guaranty is available to qualified high-growth companies, manufacturers, rural development projects, value-added agricultural enterprises, and other businesses that create or retain highly-skilled jobs in Indiana. The program is flexible and can be tailored to meet your business’s needs.
Tax Abatement
Phasing in real taxes and personal property taxes over a period of 10 years
Use the tax abatement calculator to find out how this incentive can work for your business.
Tax Increment Financing
Property taxes generated from new construction in a designated area that are set aside by the local government and reinvested in the area to promote development.
Enterprise Zone Incentives
Tax deductions and credits available for businesses located in Enterprise Zones.
Training or funding for training to provide skills for new or existing employees.
Infrastructure Support
Grants and loans for roads, rail spurs, and water and sewer lines.
Workforce Training
Additional incentives are also available. Southwest Indiana business incentives packages are created and customized on a per-project basis.
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