State Grants and Incentives

The State of Indiana through the Indiana Economic Development Corporation offers a variety of financial incentives and tax credits to assist businesses who are creating and retaining jobs and making investments in Indiana. Incentives range from training grants for workers, like the Skills Enhancement Fund to tax credits awarded for venture capital investment in qualified Indiana businesses.

Read more about these programs at:http://www.in.gov/iedc/files/Business_Incentives.pdf.  

Local Incentives

The Chamber of Commerce of Southwest Indiana can serve as a resource for existing business in understanding local incentives that can help your business grow. We are also a resource for site selection assistance, access to capital and business advocacy and lobby efforts.

Companies of all sizes making investments that increase their property’s assessed value and add or retain employees could be eligible for a tax phase-in. Deductions are available for investments in real and personal property and are based on the increase in assessed value resulting from the expansion. Tax phase-in approval is subject to your city or county’s specific criteria. For more information about tax phase-ins, please contact Kim Howard, VP of Economic Development, at khoward@ccswin.com.