Business IsGrowing in NWI

With the HBI Tax Credit, businesses receive an incentive to support job creation and capital investment and contribute to the great standard of living for Indiana residents. This is a nonrefundable corporate income tax credit that is calculated as a percentage of the eligible capital investment to support the project. The credit can be certified annually over a period of two years from the start of the project.

Also known as the DINO tax credit as it benefits older buildings, the Industrial Recovery Tax Credit incentivizes companies to invest in former industrial facilities that require significant rehabilitation or remodeling expenses.

SEF provides assistance to businesses to support training and upgrading the skills of employees that are required to support new capital investment. This grant can reimburse a portion of eligible training costs over two years from the start of the project.

Municipalities and other eligible entities that require off-site infrastructure improvements can receive assistance with the IDGF. After review and approval of the application, project milestones are established for completing the improvements, and IDGF will reimburse a portion of the actual total costs. Assistance is paid as each milestone is achieved until the project is complete.

For fast-growing Indiana companies, the VCI improves access to capital by providing individual and corporate investors an additional incentive to invest early. Investors who provide qualified debt or equity capital to these Indiana companies receive a credit against their Indiana tax liability.