Indiana Business Incentives
From low business taxes to available tax credits, an Indiana relocation brings with it a variety of significant financial advantages. Some of the financial benefits available in the Hoosier Energy service territory include:
- State grants and incentives
- Local incentives
- Tax abatements
- Low workers compensation and unemployment insurance costs
Grant and Incentive Programs
State and local grants and incentives reward job creation, facility rehabilitation, capital investment and more. For detailed information on available Indiana business incentives and grants, click on the links below or download our PDF.
21st Century Research & Technology Fund
Created to encourage diversification of the state’s economy, this grant may be available to Indiana businesses involved in advanced technology development.head
Industrial Development Grant Fund
Businesses expanding or relocating in Indiana may be eligible for this off-site infrastructure grant.
Small Business Innovation Research Initiative
These competitive programs are built to encourage small business innovations in technology.
Training Acceleration Grant
This workforce training grant is designed to increase the skill sets of existing employees.
Skills Enhancement Fund
Providing financial assistance for workforce training, this fund is available for employees who reside in Indiana.
Technology Enhancement Certification for Hoosiers (TECH)
This reimbursement grant program is designed to assist companies with training and certifying IT workers.
Media Production Sales Tax Exemption
Qualified production expenditures may be eligible for up to a 15% credit through this tax credit.
Venture Capital Investment Tax Credit
Designed to encourage early investment, application for this tax credit is available through IEDC.
Hoosier Business Investment Tax Credit
HBITC was created to drive capital investment through the provision of a credit against an Indiana business’ tax liability.
Headquarters Relocation Tax Credit
Provided to companies who relocate headquarters to Indiana, this credit covers half the cost of the relocation.
For more incentives and grants, click here.
More Financial Incentives for Indiana Business
In addition to available grants, incentives and tax credits the Hoosier Energy service territory boasts an overall low cost of living:
- Low workers compensations and unemployment insurance
- No inventory tax
- One of the lowest Sales and Use taxes in the Midwest
- Affordable real estate in a financially reliable housing market
Learn more about special incentive programs, grants, tax credits and workforce training to support your Indiana relocation or expansion by
downloading our PDF or
contacting Hoosier Energy Economic Development.