LIFE SCIENCES

Incentives & Investment

A DECADE OF GROWTH STARTS NOW.

With a $1 billion investment announced by Governor Mike Braun, Central Indiana is cementing its status as a global life sciences hub. By tasking CIRDA with the execution of this 10-year initiative, the state is providing the resources—$100M annually in tax credits—to scale manufacturing, research, and innovation in every stage of human, animal, or plant health. From urban centers to rural communities, this investment will drive job creation and economic vitality across all nine counties in Central Indiana.

AVAILABLE INCENTIVES

ECONOMIC DEVELOPMENT FOR A GROWING ECONOMY (EDGE)
TAX CREDIT DESCRIPTION

Fast Facts

• Refundable tax credit to entities that create new jobs
• Certifications phased in annually for up to 20 years based upon the employment ramp up
• Awarded on a project basis irrespective of location within the region

Eligibility

• The project will result in net new jobs that were not previously performed by employees of the applicant
• The project is economically sound and will increase opportunities for employment and strengthening the region’s economy
• The project requires the credits to proceed
• The project benefits the region and municipality where it is located
• The project commits to new capital investment and jobs in the region
• The project complies with Ind. Code § 6-3.1-13 et. seq.

REDEVELOPMENT TAX CREDITS (RTC)

TAX CREDIT DESCRIPTION

Fast Facts

• Incentive for investment in the redevelopment of vacant or underutilized land and buildings
• Assignable income tax credit for investing in the redevelopment of communities, improving the quality of place, and building capacity at the local level.

Eligibility

• Credit is available to taxpayers that make qualified investments in the redevelopment or rehabilitation of a qualified redevelopment site
• A qualified redevelopment site is considered vacant land or underutilized land and buildings
• Credit equal to the amount of qualified investment made by the taxpayer during the taxable year, multiplied by a percentage not to exceed 30%
• Expenditures must be made after contract entered into with IEDC
• Project complies with Ind. Code § 6-3.1-34 et. seq.

RTC Tax Credits