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Investments 

 

Hoosier Business Investment Tax Credit (HBI)

Eligibility

To be eligible for the Hoosier Business Investment (HBI) 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

 

Eligible capital investment includes new machinery and building costs associated with the project as outlined by I.C. 6-3.1-26-8.

 

For more information, please download the HBI Facts.

How can we help?

Whether you're starting up or expanding...Indiana offers the perfect environment for exploration, experimentation and research. Connect with one of our business development experts and be a part of solving the globe's most important challenges in a state that works.

contact-iconBusiness Expansion Specialist

BrockHerr-opt
Brock Herr,
Senior Vice President
Business Retention, Expansion & Attraction

317.503.6631
BHerr@iedc.IN.gov