Fifth in the nation for business climate.
Ninth in the nation for lowest taxes.
Second in the U.S. for regulatory climate.
Indiana Ranks in the Top Ten for Entrepreneurs.
Unleash Your Economic Potential
To establish a strong foundation for growth, the South Central Indiana Economic Development Group is poised to assist you. Indiana’s pro-business and pro-growth approach includes job-creating tax cuts and incentives for research and development in emerging technologies. Recent state tax reforms, coupled with proactive measures to attract new companies, position the South Central Indiana region as a premier business destination.
Our incentive programs are tailored to meet the unique needs of each client, and our team will guide you through the intricate aspects of relocation or expansion, including financing options.
Local Incentives
To foster business growth, local governing bodies in the ten counties of South Central Indiana offer tax abatements, showing their commitment to supporting companies. These tax abatements cover both manufacturing equipment and real estate improvements. The business-friendly environment that makes this region an excellent place to live also positions it as an ideal spot for businesses.
We’re here to highlight the upfront advantages of South Central Indiana, and rest assured, the entire region is eager to assist you.
State Incentives
- Skills Enhancement Fund (SEF) Grants
- Provides assistance to businesses to support training and upgrading of skills of employees
- Grant may reimburse a portion (up to 50%) of eligible training costs over a period of two full calendar years
- Economic Development for a Growing Economy (EDGE) Tax Credit
- Provides a REFUNDABLE tax credit to businesses that are creating jobs in Indiana and paying above county low-median income levels
- Based on additional employee payroll withholdings
- Hoosier Business Investment (HBI) Tax Credit
- Tax credit based on qualified capital investment (percentage and carry-forward term determined on a case-by-case basis)
- Qualified investments include new machinery and building costs associated with the project
Local Incentives
- Tax Abatement (“Tax Phase-In”)
- Allows companies to phase-in new property taxes up to ten years
- Standard abatement schedule will save company approximately 50% over term
- Tax Increment Financing (TIF)
- Can provide up-front cash, infrastructure, financing, or other project support
- Economic Development Income Tax (EDIT)
- Local individual payroll tax can help fund local projects, including business attraction or expansion support
* Varies by location. Please contact local economic development office for details.