State Incentives

Looking for a right-to-work state with all 
the right resources, business incentives, 
low corporate tax rates and AAA credit
 rating in place to reach your full potential? 
Indiana has it all. In 2012, Indiana ranked as a top state in which to do business, coming in 5th in both the Pollina Corporate Top 10 Pro-Business States study and Chief Executive’s survey of CEO opinion of best and worst states in which to do business. Pollina’s study highlighted states whose leadership truly understands the importance of producing the best business environment, and thus the best opportunities for job growth and economic prosperity. The CEO Executive surveyed 650 business leaders concerning the states in which they do business.

The THEDC facilitates business requests in the City of Terre Haute and Vigo County for assistance programs. All information required for qualification remains confidential.

For assistance, call (812) 234-2524 or e-mail us at info@terrehauteedc.com.

Workforce Training Assistance

Businesses can apply for reimbursement grants to subsidize the cost of training and retraining employees through the states' SKills 2016 program.  This reimbursement program covers up to 50 percent of eligible training costs which include instructor wages, tuition, and training materials.  The maximum award for retraining is $200,000.  Programs included in the states' reimbursement grant program are described below:

Tax Credits and Exemptions

Infrastructure Assistance

Industrial Development Grant Funds (IDGF) are awarded to eligible units of government to help them meet the infrastructure needs of a new or expanding business. The infrastructure project must support new business development, which is defined as either an expansion of an existing company or the location of a new manufacturing facility. Public-installed infrastructure may be improved up to, but not onto, the company's property; except in the case of rail spurs which may be funded on company property. Eligible Activities include water lines, sewer lines, drainage facilities, wastewater treatment facilities, road improvements, rail spurs and fiber optic cable.

 Indiana Finance Authority Loan Guaranty Program

The IFA can guarantee loans for high-growth/high-tech companies, manufacturers, rural development projects, value-added agricultural enterprises and other types of businesses that create a significant number of Hoosier jobs. To date, IFA has provided over $83 million guaranteed loans to Indiana businesses.

SBIR/STTR Initiative

After more than two decades of existence, the SBIR Program has established itself as one of the most effective technology programs administered by the federal government.  SBIR/STTR programs are highly competitive and encourage small businesses to explore their technology potential.  SMIR/STTR funding is available from 11 participating agencies throughout the United States and focus on various technology areas.

The 21st Century Research and Technology Fund, an office of the Indiana Economic Development Corporation (IEDC), oversees the mission of the program--to help Indiana businesses compete for and win federal funding.  Additionally, the IEDC SBIR/STTR initiative is committed to assisting Indiana businesses in the commercializing of their prototypes and understands the impact that these companies can have on the economy.  This, coupled with the matching program, will provide Indiana companies with the fuel needed to excel in the SBIR/STTR programs.

Permit and Regulatory Assitance 

The Indiana Department of Commerce's Office of Regulatory Ombudsman acts as a mediator, expediter and problem-solver in areas affecting businesses, communities and economic development organizations. The Ombudsman's office can assist in the permitting process, serve as a liaison with state agencies and provide information about state regulations and requirements. The ombudsman is the secretary of commerce's proxy on three environmental rulemaking boards: the Air Pollution Control Board, the Water Pollution Control Board, and the Solid Waste Management Board.  The ombudsman establishes early communications with technical staff of the regulatory agencies to ensure that permits are effiently processed.  This service is an effort to minimize the amount of time spent on regulatory compliance. 

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