Economic Development for a Growing Economy Program (EDGE): A refundable tax credit is available to companies that create new jobs and make capital investments. The EDGE credit is calculated as a percentage of the projected tax withholdings that will be generated by the newly created jobs.
Hoosier Business Investment Tax Credit Program (HBI): Companies that create new jobs and make capital improvements to a business facility may qualify for a non-refundable tax credit. The maximum credit is equal to 10% of qualified capital investment. Unused credits may be carried forward for up to 9 years.
Headquarters Relocation Tax Credit: Businesses that relocate a corporate headquarters operation to Indiana, create at least 75 jobs, and have annual worldwide revenue of at least $50 million are eligible to receive a tax credit of up to 50% of business relocation costs. The credit is non-refundable and non-transferable; however unused credits can be carried forward for up to 9 years.
Research and Development Tax Credit: Provides a tax credit equal to 15% of qualified research expenses on the first $1 million of investment. This non-refundable credit may be carried forward for up to 10 years.
Sales & Use Tax Exemptions: Manufacturing and research and development equipment (including computers, computer software, and testing equipment) are exempt from sales and use tax.
Customized Training: Provides special funds for training new and existing Indiana-resident workers. The Skills Enhancement Fund (SEF) reimburses eligible training expenses for a two year-term. Companies may reapply for additional SEF funds after their initial two-year term. The State also has the discretionary funds to reimburse – up to $200,000 – for retraining existing workers. Separate supplemental grant awards may be available for training new employees.
Skills Enhancement Fund (SEF): This program provides reimbursable grants to businesses for costs associated with training and upgrading skills of employees. Grants are typically valued at up to 50% of eligible training costs over a 2-year period.
Last updated: April 2016