Indiana on Business Facilities Online

INDIANA Fast Facts

• Population (2008): 6,376,792
• Largest Cities (2008): Indianapolis (balance), 798,382; Fort Wayne, 251,591; Evansville, 116,309;
   South Bend, 103,807; Gary, 95,920
• Targeted Industries: Advanced Manufacturing, Agriculture, Film, Logistics, IT, Life Sciences
• Key Incentives: Economic Development for a Growing Economy, Industrial Recovery Tax Credit, Headquarters
   Relocation Tax Credit
• GDP (All Industry 2008): $254.8 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

INDIANA State Incentives

The Economic Development for a Growing Economy (EDGE) program provides credits that are calculated as a percentage of payroll tax withholding for net new Indiana jobs; they may be awarded for up to 10 years. In addition, each year a limited amount of EDGE credits are available for the retention of jobs in highly competitive situations.

Venture Capital Investment Tax Credits were 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 tax liability.

The Hoosier Business Investment Tax Credit (HBITC) program provides 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 (IEDC) based on an analysis of the economic benefits of the proposed investment.

The Certified Technology Parks Program was created as a tool to support the attraction and growth of high-technology business in Indiana. Designation as a Certified Tech Park allows for the local recapture of certain state and local tax revenue that can be invested in the development of the park.

Explore detailed community demographic information at ZoomProspector.com

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