Business Resources
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5-10-2011 Chief Executive magazine has listed Indiana as the top state in the Midwest to do business. http://chiefexecutive.net/best-worst-states-for-business
Indiana Programs and
Initiatives
21st Century Research and Technology
Fund
The 21st
Century Research and Technology Fund stimulates the process of diversifying
Indiana's economy by financially supporting Indiana companies that are
developing and commercializing advanced technologies in Indiana.
More
Information on the 21st Century Research and Technology Fund
Small
Business Innovation Research Initiative
The Small Business Innovation Research (SBIR) and
Small Business Technology Transfer (STTR) programs stimulate technological
innovation and provide opportunities for Indiana small businesses to participate
in federally funded research and development programs.
More
Information on the Small Business Innovation Research Initiativ
Venture Capital Investment Tax
Credit
The Venture Capital Investment Tax Credit improves
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 income tax liability.
More
Information on the Venture Capital Investment Tax Credit
Indiana Small Business Development
Center
The Indiana Small Business Development Center (ISBDC)
offers free and low-cost information, management counseling, and educational
services to Indiana small business owners and potential entrepreneurs. The ISBDC
helps Indiana businesses grow and create new jobs within the state.
More
Information on the Indiana Small Business Development Center
Indiana Certified Technology
Parks
The
Certified Technology Parks program was created as a tool to support the
attraction and growth of high-technology business in Indiana and promote
technology transfer opportunities. Designation as a Certified Tech Park allows
for the local recapture of certain state and local tax revenue which can be
invested in the development of the park.
More
Information on the Indiana Certified Technology Parks
Indiana Development Funds
The Toolbox Guide to Development Funds, managed by
Ball State University, is a comprehensive listing of grants, loans, tax
programs, and incentives available in the state of Indiana. The searchable
database of programs and provides the information entrepreneurs require to
connect to projects that best fit their needs.
More
Information on the Indiana Development Funds
Indiana Tax Credits
Economic Development for a
Growing Economy Tax Credit (EDGE)
The
Economic Development for a Growing Economy (EDGE) is a program designed to
encourage companies to expand or locate operations in Indiana.
More
Information on EDGE
Hoosier Alternative Fuel Vehicle
Manufacturer Tax Credit
This program provides a credit up to 15 percent, as
determined by IEDC, of the qualified investment for the manufacture of
alternative fuel vehicles. An applicant must compensate its employees at least
150 percent of the state’s hourly minimum wage and agree to maintain operations
for at least 10 years.
More Information on the Hoosier Alternative Fuel
Vehicle Manufacturer Tax Credit
Hoosier Business Investment Tax
Credit
The
Hoosier Business Investment Tax Credit (HBITC) program encourages capital
investment in Indiana by providing 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.
More Information on the Hoosier Business Investment
Tax Credit
Headquarters Relocation Tax
Credit
When a business relocates its corporate headquarters
(defined as the location of the principal office of the principal executives) to
Indiana, it is entitled to a credit against its state tax liability equal to
half of the costs incurred in relocating the headquarters. A company must have a
worldwide annual revenue of at least $100 million to qualify.
More Information on the Headquarters Relocation Tax
Credit
Industrial Recovery Tax
Credit
The
Industrial Recovery Tax Credit provides an incentive for companies to invest in
facilities requiring significant rehabilitation or remodeling expense. After a
building has been designated as an industrial recovery site, companies may be
eligible for a tax credit calculated as a percentage of qualified rehabilitation
expense.
More Information on the Industrial Recovery Tax
Credit
Media Production Expenditure Tax
Credit
The
Media Production Expenditure Tax Credit exempts sales tax on personal property
if the taxpayer acquires the property for direct use in a qualified Indiana
media production.
More Information on the Media Production Expenditure
Tax Credit
R&D Tax Credit
The Research and
Development (R&D) Tax Credit provides an incentive for business investment
in Indiana by providing a credit against state tax liability for qualified
company research expenses. The R&D tax credit (also known as the Research
Expense tax credit) is based on the increase in Indiana R&D over the prior
three-year base.
More Information on the R&D Tax Credit
Venture Capital Investment Tax
Credit
The
Venture Capital Investment Tax Credit improves 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
income tax liability.
More Information on the Venture Capital Investment
Tax Credit
Exemptions
Patent Income Exemption
Taxpayers are exempt from certain income derived from
qualified utility and plant patents. Qualified taxpayers are eligible for an
exemption of 50 percent of patent income for each of the first five years. The
exemption percentage decreases over the next five years to 10 percent in the
tenth year.
More Information on the Patent Income
Exemption
R&D Sales Tax Exemption
The Research and Development (R&D) sales tax
exemption provides a refund of 50 percent of the Indiana sales taxes paid on
purchases of eligible research and development equipment purchased after June
30, 2007. Taxpayers may also file a claim for the refund for tax paid on retail
transactions that occur after June 30, 2005.
More Information on the R&D Sales Tax
Exemption