Incentives

LOCAL PROGRAM – TAX ABATEMENT

Jackson County has elected to provide tax abatement opportunities for new industrial investment in the county.  Click here for an overview of our tax abatement program>> (PDF)

Other detailed information – PDF formatted:
Statement of Benefits – Personal Property, SB -1 / PP
Statement of Benefits – Real Estate Improvements, SB-1 / Real Property
Compliance Statement – Personal Property, CF-1 / PP
Compliance Statement – Real Estate Improvements, CF-1 / Real Property

STATE PROGRAMS

Industrial Development Grant Fund (IDGF):  
The Industrial Development Grant Fund (IDGF) provides assistance to municipalities and other eligible entities with off-site infrastructure improvements needed to serve a proposed project site.  Click for more information >>

Economic Development for a Growing Economy (EDGE) Payroll Tax Credit:

The Economic Development for a Growing Economy (EDGE) Tax Credit provides an incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The refundable corporate income tax credit 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 business.  Click for more information>>

Headquarters Relocation Tax Credit (HQRTC):  

The Headquarters Relocation Tax Credit (HRTC) provides a tax credit to corporations that relocate their headquarters to Indiana. The credit is assessed against the corporation’s state tax liability.  Click for more information >>

Industrial Recovery Tax Credit:  

The Industrial Recovery Tax Credit, also known as the DINO tax credit for older buildings it benefits, provides an incentive for companies to invest in former industrial facilities requiring significant rehabilitation or remodeling expenses. Click for more information >>

Venture Capital Investment Tax Credit (VCI):  

The Venture Capital Investment Tax Credit program improves access to capital for fast growing Indiana companies by providing individual and corporate investors an additional incentive to invest in early stage firms. Investors who provide qualified debt or equity capital to Indiana companies receive a credit against their Indiana tax liability.  Click for more information >>

Hoosier Business Investment Tax Credit (HBI):  

The Hoosier Business Investment (HBI) Tax Credit provides incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The non-refundable corporate income tax credits are 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. Click for more information >>

Tax-exempt Bonds:

The Indiana Finance Authority (IFA) is authorized to issue tax-exempt bonds, which lower the cost of financing for manufacturing projects, health care facilities, private institutions of higher education and certain other qualified projects. Tax-exempt bonds are often structured similarly to a term loan or mortgage, and the interest rates vary based on the company’s financial situation, credit enhancements, method of sale of bonds and the current market.  Click for more information>>

Capital Access Program (CAP):

CAP-SSBCI (Capital Access Program – State Small Business Credit Initiative) is a small business credit enhancement program that creates a specific cash reserve fund for a lender to use as additional collateral for loans enrolled in the program by the particular lender. Click for more information>>

Regulatory Affairs:

The Indiana Economic Development Corporation’s regulatory affairs division assists in the process of obtaining the permits and approvals necessary for a business operation. Members of the regulatory affairs staff serve as liaisons between companies, communities, local economic development organizations, and regulatory agencies. Click for more information>>

Shovel Ready:

The Indiana Shovel Ready designation certifies sites that are ready for economic development. Shovel Ready is designed to ultimately help companies locate and develop a property site quickly. This provides a competitive advantage for Indiana and gets Hoosier jobs here faster.

Skills Enhancement Fund (SEF) – Workforce Training Grant:

The Skills Enhancement Fund (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. Click here for information>>