Seymour has a new incentive program to attract5 more jobs to the city.
The program will use tax increment financing revenue to provide forgivable loans to new or existing companies for job growth.
Jim Plump, executive director of Jackson County Industrial Development Corp., said the new ECLIPSE (Economic Loan Incentive Program for Seymour) program is a necessary tool for the city to stay competitive with other communities when it comes to attracting business.
The program will provide a loan to help offset a business’s start-up or expansion costs based on how many new, permanent full-time positions are created. A minimum of 25 new jobs are required to be eligible, and only those positions filled by Jackson County residents will qualify for the forgivable loans.
For information on the new ECLIPSE program, contact the office of JCIDC at 812.522.4951.