State Resources
The Indiana Economic Development Corporation (IEDC) has many incentive programs including tax credits based on job creation and capital investment, training grants and public infrastructure assistance.
- Economic Development for a Growing Economy Tax Credit - EDGE tax credits are based on the additional employee payroll withholdings for net new job creation in Indiana.
- Hoosier Business Investment Tax Credit - HBI tax credits are available to a company making a "qualified investment" in an Indiana facility.
- Skills Enhancement Fund - The SEF program provides financial assistance to new and expanding companies committed to training their Indiana resident workforce.
- Technical Enhancement Certification for Hoosiers Fund - The TECH Fund provides financial assistance to companies to assist with training their information technology workers.
- Industrial Development Grant Fund - These grants help communities meet the public infrastructure needs of a new or expanding business.
The IEDC also manages two programs to assist with business finance:
Capital Access Program (CAP) The CAP program provides businesses with access to capital by encouraging lenders who participate in the program to make loans they may not otherwise make.
Industrial Development Project Guaranty Fund The Guaranty Program can help a borrower obtain financing from their lender when they do not qualify for conventional financing.
Finally, Indiana has available a number of programs to encourage research & development activities in Indiana:
Patent Income Exemption - To spur additional patent activity, taxpayers are exempt from certain income derived from qualified utility and plant patents.
Research and Development Sales Tax Exemption - This program exempts a business from 100 percent of the sales tax on research and development equipment acquired after June 20, 2007
Research and Development Tax Credit - The qualified research expense credit has been increased to 15 percent on the first $1 million of investment.