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Brock Herr
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Morgan Allen
Small Business Program Administrator
 








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Brock-Herr 
Brock Herr
Vice President & Counsel, Business Development
 








Please select your industry:
Does your business experience barriers to growth?
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Have you experienced challenges in attracting or retaining your current workforce?

 

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Redevelopment
Redevelopment Tax Credit (RTC)

The Redevelopment Tax Credit (RTC) provides an incentive for investment in the redevelopment of vacant land and buildings as well as brownfields. This credit, established by Indiana Code § 6-3.1-34, provides companies and developers an assignable income tax credit for investing in the redevelopment of communities, improving quality of place and building capacity at the local level.

The IEDC may not award more than $50 million in credits each state fiscal year. Any credit award over $7 million must include a requirement that a portion of the credit be repaid by the company or developer.

The application for Redevelopment Tax Credits can be found here.

Notice: The IEDC has allocated the program’s $50 million cap for fiscal year 2020. The IEDC will continue to accept applications for redevelopment tax credits to support redevelopment projects through the remainder of this fiscal year; however, those applications will be considered during the next open timeframe, which begins on July 1, 2020.

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