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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 GRANTS & CREDITS
21st Century Research and Technology Fund:
The Indiana 21st Century Research and Technology Fund was created to stimulate the process of diversifying the State's economy by developing and commercializing advanced technologies in Indiana. The Board, representing most of the academic and commercial sectors of the State, approves awards. Click for more information >>
Industrial Development Grant Fund (IDGF):
This grant provides money to local governments for off-site infrastructure projects associated with an expansion of an existing Indiana company or the location of a new facility in Indiana. State funding through the IDGF program must be matched by a combination of local government and company financial support. Click for more information >>
Infastructure -- The Department of Commerce may assist the community by helping to provide public infrastructure through the Industrial Development Grant Fund (IDGF), to serve the company's facility. Assistance may be provided to support the opening of the new plant or at any time in the future if a plant expansion necessitates additional public improvements.
Small Business Innovation Research Initiative (SBIR/STTR):
The Small Business Innovation Research (SBIR) -- along with its sister program, the Small Business Technology Transfer program (STTR) -- are highly competitive and encourage small businesses to explore their technological potential. SBIR/STTR funding is available from 11 participating agencies throughout the United States and focuses on various technological areas. Click for more information >>
Economic Development for a Growing Economy (EDGE) Tax Credit:
The Economic Development for a Growing Economy (EDGE) is a refundable tax credit program that rewards companies creating jobs and contributing to the growth of Indiana's economy. EDGE credits are calculated as a percentage of payroll tax withholding for net new Indiana jobs. EDGE credits may be awarded for a period of up to 10 years. Click for more information>>
Headquarters Relocation Tax Credit:
When a business relocates its corporate headquarters (defined as the location of the principal office of the principal executives) to Indiana, it is entitled to a credit against its state tax liability equal to half of the costs incurred in relocating the headquarters. A company must have a worldwide annual revenue of at least $100 million to qualify. Click for more information >>
Industrial Recovery Tax Credit:
The Industrial Recovery tax credit provides an incentive for companies to invest in facilities requiring significant rehabilitation or remodeling expense. After a building has been designated as an industrial recovery site, companies may be eligible for a tax credit calculated as a percentage of qualified rehabilitation expense. Click for more information >>
Venture Capital Investment Tax Credit:
The Venture Capital Investment Tax Credit was established to improve access to capital to 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 income tax liability. Click for more information >>
Hoosier Business Investment Tax Credit (HBITC):
This program encourages capital investment in Indiana by providing a credit against a company's Indiana tax liability. The credit amount is based on a company's qualified capital investment with the final credit amount determined by the Indiana Economic Development Corporation, based on an analysis of the economic benefits of the proposed investment. Click for more information >>
STATE LOAN PROGRAMS:
Tax-exempt Bonds
Private Activity Bonds are often called Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) and are issued by state or local governmental entities for the benefit of a private company, usually manufacturers. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower. Click for more information>>
Loan Guaranty Program
IEDC can provide a loan guaranty to a lender for the benefit of a high-growth/high-skilled company, manufacturer, rural development project, value-added agricultural enterprise or another type of business that creates or retains a significant number of Hoosier jobs. Click for more information>>
Capital Access Program (CAP)
The Capital Access Program (CAP) is a small business credit enhancement program that creates a specific cash reserve fund for the lender to use as additional collateral for loans enrolled in the Program. CAP allows lenders to consider loans that might not meet conventional lending requirements. Click for more information>>
STATE SPECIAL PROGRAMS:
Regulatory Ombudsman
The Indiana Economic Development Corporation's regulatory ombudsman assists in the process of obtaining the permits and approvals necessary for a business operation. The ombudsman serves as a liaison between companies, communities, local economic development organizations and regulatory agencies. Click for more information>>
Shovel Ready
The Shovel Ready Program is a new state program created to help communities certify sites as "ready for 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.
Energy Policy
Loans or grants through the Indiana Department of Commerce's Energy Policy Division (EPD) might also be available. The EPD administers the Recycling Promotion and Assistance Fund (RPAF), which may provide a zero interest loan of up to $1 million dollars to support the use of recycled materials. The programs promote economic development by encouraging the responsible use of natural resources and helping businesses increase the energy efficiency of their manufacturing processes. Companies may be eligible for either, but not both. |
