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The State of Indiana Helps Businesses Lower Their Costs!
Several state incentives exist to make locating in Wabash County an extremely efficient and cost effective endeavor. The State of Indiana seeks to support job creation and capital investment, reward corporations that relocate their headquarters to Indiana, encourage investments in former industrial facilities, offset the cost of research and development and assist with employee training.
The Indiana Economic Development Corporation has more information on these and other state incentives.
For a record of past incentive agreements awarded to Wabash County projects by the IEDC, check out the IEDC Transparency Portal. (Select “Wabash” under the county tab for full list.)
Results
The Community Revitalization Enhancement District (CRED) Tax Credit provides an incentive for investment in community revitalization enhancement districts (Indiana Code 36-7-13). The credit is established by Indiana Code 6-3.1-19. Please note that the CRED tax credit is not the same as the CRED financing tool...
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The Economic Development for a Growing Economy (EDGE) Tax Credit provides an incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The refundable corporate income tax credit is calculated as a percentage (not to exceed 100%)...
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Indiana’s Film and Media Tax Credit offers an income tax credit up to 30%, that can be applied to offset certain production expenses. Eligible productions include feature length films, including independent or studio production, or a documentary; a television episodic series, program, or feature; music...
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The Headquarters Relocation Tax Credit (HRTC) provides a tax credit to corporations that relocate their headquarters to Indiana. The credit is assessed against the corporation’s state tax liability. The Headquarters Relocation Tax Credit is established by I.C. 6-3.1-30.The Small Headquarters Relocation Tax Credit (S-HQRTC) provides...
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The Hoosier Business Investment Tax Credit provides incentive to businesses to support job creation, capital investment and to improve the standard of living for Indiana residents. The non-refundable corporate income tax credits are calculated as a percentage of the eligible capital investment to support the...
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The Industrial Grant Fund provides assistance to municipalities and other eligible entities as defined under I.C. 5-28-25-1 with off-site infrastructure improvements needed to serve the proposed project site. Upon review and approval of the Local Recipient’s application, project specific Milestones are established for completing the improvements...
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Certain income derived from qualified patents and earned by a taxpayer are exempt from taxation. The Tax Exemption for Patent-derived Income defines qualified patents to include only utility patents and plant patents. The total amount of exemptions claimed by a taxpayer in a taxable year may...
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The state of Indiana offers two tax incentives targeted at encouraging investments in research and development. Taxpayers may receive a credit against their Indiana state income tax liability calculated as a percentage of qualified research expenses. In addition, taxpayers may be refunded sales tax paid...
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The Skills Enhancement Fund (SEF) provides assistance to businesses to support training and upgrading skills of employees required to support new capital investment. The grant may be provided to reimburse a portion (typically 50%) of eligible training costs over a period of two full calendar...
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The Venture Capital Investment Tax Credit program improves access to capital for 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...
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