consultant-icon

contact an iedc consultant

Kim-Vinson 
Kim Vinson
Business Development
 








Please select your industry:

consultant-icon

contact an iedc consultant

David Watkins 
David Watkins
Director of
Network Operations
 








Please select your industry:

consultant-icon

contact an iedc consultant

Kim-Vinson 
Kim Vinson
Business Development
 








Please select your industry:
Does your business experience barriers to growth?
Are you considering plans for expansion in the next two years?
Have you experienced challenges in attracting or retaining your current workforce?

 

Subscribe to the IEDC Newsletter

Email Format
* Indicates Required Field
 

Sign up for news releases

* indicates required
Email Format
header-splash
IEDC_0001_2 - Incentives
Economic Development for a Growing Economy (EDGE) - Payroll Tax Credit

Eligibility

To be eligible for the tax credit:

  • Project will result in net new jobs that were not previously performed by employees of the applicant

  • Project is economically sound and will benefit the people of Indiana by increasing opportunities for employment and strengthening the economy of Indiana

  • Receiving the tax credit is a major factor in the applicant’s decision to go forward with the project and not receiving the tax credit will result in the applicant not creating new jobs in Indiana

  • Political subdivisions/municipalities affected by the project have offered significant incentives to the business


Evaluation Criteria

Each project will be evaluated on its individual merits and with a cost-benefit analysis after it has met the basic requirements as follows:

  • Business commits to new capital investment in Indiana

  • Business commits to the creation of full-time, permanent jobs for Indiana residents at the project location

  • Project supports the purpose of the tax credit, and meets all requirements as set forth in I.C. 6-3.1-13


Reporting Requirements

Upon execution of an EDGE tax credit contract with IEDC, the business will be required to report for every calendar year during the term of the contract (for every year the business may be certified a credit plus two years). The following is required information:

  • Summary statistics relating to capital investment that occurred in the applicable year

  • Individual employee data to support contractual employment and wage thresholds

Additional Materials