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State of Indiana Incentives
The Indiana Economic Development Corporation (IEDC) is the state’s lead economic development organization. Through it, many incentive programs are available for companies creating jobs and raising income in Indiana. Economic development incentives include tax credits based on job creation and capital investment, training grants, and public infrastructure assistance.
- Skills Enhancement Fund (SEF) provides financial assistance to new and expanding companies committed to training their Indiana resident workforce
- Technical Enhancement Certification for Hoosiers (TECH fund) provides financial assistance to help companies train their information technology (IT) workers
- Industrial Development Grant Fund (IDGF) to help communities meet the public infrastructure needs of a new or expanding business.
- Economic Development for a Growing Economy (EDGE) based on additional employee payroll withholdings for net new job creation in Indiana
- Industrial Recovery Site Tax Credit (Dinosaur Building) available for rehabilitant buildings that 1) have been empty for the previous two years, 2) were in operation at least 20 years ago, and 3) have at least 250,000 sq. ft. of interior space.
- Hoosier Business Investment Tax Credit (HBI) available to a company making a “qualified investment” in an Indiana Facility
- Venture Capital Investment Tax Credit (VCI) a non-refundable tax credit available to qualified applicants that provide investment capital to qualified Indiana businesses
- 21st Century Research and Technology Fund (21 Fund) helps develop and commercialize advanced technologies in Indiana.
