Taxes & Incentives

Taxes The advantages of Indiana's tax structure have resulted in the following recent accolades:

 
General Tax InformationVisit the Indiana Economic Development Corporation for a summary of Indiana taxes.  

Unemployment Insurance
Employers pay into the fund based upon statutorily determined rate schedules. The minimum tax rate is 1.1% and the average rate is 2.71%. New employers begin with a tax rate of 2.7% and after three years an experienced rate will be determined based on the losses occured. The taxable wage base is $7,000. For more information see the Indiana Unemployment Insurance Employer Handbook.
 
Worker's CompensationEmployers must have insurance, whether through a private company or self insurance. Injury compensation awards are statutorily established by the General Assembly. Indiana does have a Worker's Compensation Board that has the authority to review all claims for worker's compensation. For further information visit the Worker's Compensation Board at IN.gov.
 
To see how Indiana compares to other states in unemployment insurance and worker's compensation see our Cost of Business page.
 
Business Formation FeesFor information on business formation fees and how to start a business in Indiana see the Entrepreneur's Guide to Starting a Business in Indiana provided by the Indiana Secretary of State.
 

Northeast Indiana Business Incentives
Below you will find information on Indiana business expansion and incentives for those who relocate to Northeast Indiana. For Indiana’s business expansion, the Northeast Indiana Regional Partnership and its affiliates offer tax credits, grants, workforce training, special programs and a willingness to not only answer your questions, but to make good deals even better.

Northeast Indiana Business Expansion Tax Credit InformationTax credits are often a major factor in choosing to relocate to Northeast Indiana. Here at the Northeast Indiana Regional Partnership, we provide the latest information on tax credits available to your business. See the downloads below for more information on tax credits for those who relocate to Northeast Indiana. Tax Credit Information Downloads

Northeast Indiana Business Expansion Grant InformationRelocate to Northeast Indiana and you will find ample grant opportunities. We have provided further information on available grants in downloads below.  Grant Information Downloads

Northeast Indiana Workforce TrainingBelow you will find information provided by the Northeast Indiana Regional Partnership about workforce training credits. When you relocate to Northeast Indiana, we will not only provide a skilled workforce, but we’ll help you continue to train them. Workforce Training Information Downloads

Northeast Indiana Business Expansion Special ProgramsNortheast Indiana business expansion is further facilitated by a number of special programs offered to businesses in the region. Information on these programs and how they will affect you as you relocate to Northeast Indiana, can be found in the downloads below. Special Programs Information Downloads


  
Northeast Indiana Business Expansion Tax Credit Information

EDGE - Economic Development of Growing Economy
A refundable tax credit program designed to help companies creating new jobs in Indiana.
More Information    PDF Download 

HRTC Headquarter Relocation Tax Credit
Provides an incentive for companies to relocate their principal office of principal executives to Indiana.
More Information    PDF Download

HBITC Hoosier Business Incentive Tax Credit
Provides a credit against a company’s Indiana tax liability to encourage capital investment in Indiana.
More Information  
 PDF Download 

Industrial Industrial Recovery Tax Credit

Provides an incentive for companies to invest in facilities requiring significant rehabilitation or remodeling expense.
More Information     
PDF Download
 

VCI Venture Capital Tax Credit

Provides individual and corporate investors an additional incentive to invest in early stage firms, improving access to capital for fast growing Indiana companies.   
More Information   
 PDF Download
 

Northeast Indiana Business Expansion Grant Information

 

21st Century Fund

Designed to stimulate the development and commercialization of advanced technologies in Indiana.
More Information  

 

IDGF Industrial Development Grant Fund

Provides financial support for infrastructure improvements in conjunction with projects creating jobs and generating capital investment in Indiana. 
More Information    PDF Download

 

SBIR/STTR Small Business Innovative Research Initiative

Provides matching grants to recipients of Phase I awards from the Small Business Innovation and Research (SBIR) and Small Business Technology Transfer (STTR) programs.  
More Information   

 


 Northeast Indiana Workforce Training

SEF Skills Enhancement Fund

Provides financial assistance to businesses training their workforce.
More Information    PDF Download

 


 

Northeast Indiana Business Expansion Special Programs


CAP Capital Assets Program
Provides a small business credit enhancements that creates a specific cash reserve fund for the lender to use as additional collateral for loans.
More Information   

Loan Guaranty Program
Provides a loan guaranty to a lender for the benefit of a high-growth/high-skilled company that creates or retains a significant number of Hoosier jobs.
More Information
    

Tax Exempt Bonds
Provides tax-exempt bonds which lower the cost of financing for manufacturing projects and certain other qualified projects
More Information