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INCENTIVES

In Greater Lafayette, we recognize that incentives are an important component of site selection. That’s why our economic development team will work with your organization and our local governing bodies to create a tailored incentive solution that fits your needs.

LOCAL

Real Property Tax Abatement

Phase in of real property tax obligation over one to ten year period. Granted to a company according to local qualification criteria based on new and retained jobs, wages and economic impact of project. Prior approval of local government agency. Approval must happen before construction permits are pulled. To learn more contact us here.
pmoses@greaterlafayettecommerce.com

Personal Property Tax Abatement

Phase in of personal property (used directly in production, R&D, distribution processes) tax obligation over a one to ten year period.​Granted to a company according to local qualification criteria based on new and retained jobs, wages and economic impact of project. Prior approval of local government agency. Approval must happen before delivery of equipment.
pmoses@greaterlafayettecommerce.com

Job Training

Up to $1,000 per job to a maximum of fifty jobs. Average wages between $10.00 - $13.01 and above will be funded $500 -$1,000 per job.Award based on the average wage of the entire local facility. Average wages under $10 per hour will not qualify.
kwebb@greaterlafayettecommerce.com

Indiana at Work (WorkKeys)

State job profiling system for new or existing Indiana businesses providing evidence of workforce readiness. Award based on capital investment, quality of jobs, quality of training, number of employees trained and impact on economy operations.​
kwebb@greaterlafayettecommerce.com

Economic Development Income Tax (EDIT)

Funds available through the city and county for to assist with relocation cost, personal property purchases and buy down land/lease. Award based on capital investment, number and quality of new jobs, wages and economic impact of project.
pmoses@greaterlafayettecommerce.com

Tax Increment Financing (TIF)

Funds available through the city and county for to assist with relocation cost, personal property purchases and buy down land/lease. Award based on capital investment, number and quality of new jobs, wages and economic impact of project.
pmoses@greaterlafayettecommerce.com

Compliance Assistance

The Greater Lafayette Commerce economic development team provides guidance to companies that have been awarded job training and abatement incentives to help them through the state’s annual compliance and submission process.
pmoses@greaterlafayettecommerce.com

Talent Track

Local workforce team that analyzes, recruits, evaluates, train and retain your workforce. Award based on capital investment, number and quality of new jobs, wages and economic impact of project.
kwebb@greaterlafayettecommerce.com

STATE

Economic Development for a Growing Economy (EDGE)
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%) of the expected increased tax withholdings generated from new jobs creation. The credit certification is phased in annually for up to 10 years based upon the employment ramp-up outlined by the business.
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Skill Enhancement Fund (SEF)
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%) of the expected increased tax withholdings generated from new jobs creation. The credit certification is phased in annually for up to 10 years based upon the employment ramp-up outlined by the business.
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Research & Development Credit
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 on purchases of qualified research and development equipment. The Indiana Department of Revenue oversees these incentive programs. Learn more about our Research Expense Credits and our Research and Development Sales Tax Exemption. The potential value of incentive amount varies based upon the amount of the qualifying transaction. A taxpayer who qualifies for the exemption must claim the exemption in a manner prescribed by the Indiana Department of Revenue. The form used to claim the exemptions is available here:
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Industry Development Grant
The Industrial Grant Fund (IDGF) 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. IDGF will reimburse a portion of the actual total cost of the infrastructure improvements. The assistance will be paid as each Milestone is achieved, with final payment upon completion of the last Milestone of the infrastructure project.
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Indiana’s Workforce Ready Grant
The 2017 General Assembly approved funds for Indiana’s Workforce Ready Grant program to provide free training for working-age Hoosiers in the state’s highest demand jobs. These industries have higher median salaried jobs and are rapidly growing in Indiana including Advanced Manufacturing, Building & Construction, Health & Life Sciences, Information Technology & Business Services, and Transportation & Logistics.
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Employer Training Grant
Employers can also take advantage of the Employer Training Grant program from the Indiana Department of Workforce Development. Employers in any high demand business sectors can be reimbursed up to $2,500 for each new employee that is trained, hired and retained for 6 months. There is a $25,000 cap for each employer and the jobs must be middle skill, high-demand and high-wage jobs that require more than a high school diploma but less than an associate degree.
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