At Greater Lafayette Commerce, we recognize that incentives are an important component of site selection, that’s why the Economic Development team will work with your organization and the local governing body to create a tailored incentive solution that fits your needs.

LOCAL INCENTIVES

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.

Personal Propery 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.

Enterprise Zone Credits

Various incentive opportunities exist for companies within EZ. Available credits to qualified businesses: Loan Interest Tax Credit, Gross Income Tax Exemption, Wage Exemptions, Investment Credit and Investment Cost Credit.​Credits are assignable.Limited carry forward of credits. Requirements are specific to individual incentive programs.

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STATE INCENTIVES

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.

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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JODY HAMILTON

NEED FURTHER ASSISTANCE?

Vice President, Economic & Workforce Development

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337 Columbia St

Lafayette, IN 47901

(765) 742-4044

(765) 742-6276

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©2018 Greater Lafayette Economic Development