Tax Incentives

Investors providing qualified debt or equity capital to fast-growing Indiana companies receive a credit that applies toward their Indiana income tax liability.

Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. Elevate Ventures helps by funding entrepreneurs, providing assistance, helping secure grants, co-investing in start-ups and being a community partner.

The Skills Enhancement Fund (SEF) offered by the Indiana Economic Development Corporation provides financial assistance to businesses committed to training their workforce. Trainees must be Indiana residents. SEF reimburses eligible training expenses over a two-year term. Companies may reapply for additional SEF funds after their initial two-year term.

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.

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.

Corporations relocating their headquarters to Indiana are eligible for a state tax credit equal to half the moving costs. Eligible corporations will have $100 million or more in annual worldwide revenue the year prior to application, and 75 employees in Indiana after relocation.

The Economic Development for a Growing Economy (EDGE) program is a refundable tax credit that is calculated as a percentage of payroll tax withholding on net new jobs for Indiana on projects where Indiana is competing with another State.

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.