Incentives
Local Level Incentives
We understand the decision to invest in your company's growth is a significant one and Clinton stands ready to assist. With our diverse set of tools, we will work with you to customize an incentive package which supports your specific needs. The key to maximizing any of these programs is to bring us to the table early in your decision-making process.
Property Tax Abatement
This program allows for the phase-in of a company’s property tax liability associated with new investment in real and/or personal property. By Indiana statute, the period of phase-in can be anywhere from 1 to 10 years. Eligible investments include new construction and equipment used in manufacturing, research & development, logistics & distribution, information technology, and agri-business. Land is not eligible for abatement in Indiana.Additional information regarding tax abatement can be found here: IC 6‐1.1‐12.1.
Tax Increment Financing
This program empowers a local redevelopment commission to identify specific "allocation areas" aimed at economic development. The increased property tax revenues resulting from new investments within these areas can be earmarked and reinvested to fuel further development. The utilization of this funding mechanism varies depending on the project
.
Tax Increment Financing (TIF) captures property taxes and assessed value from a new development in a designated area to then finance incentives or infrastructure to support economic development or redevelopment projects. Additional information regarding Indiana TIF and procedural statutes can be found here: IC 36-7-14, IC 36-7-25, IC 36-7-11.9 and IC 36-7-12.
State Level Incentives
Indiana has a variety of tax credit and exemption programs available for new and expanding businesses. Our City's staff can be a liaison to guide you in pursuit of qualifying incentive programs.
A refundable corporate income tax credit, EDGE is calculated as a percentage (not to exceed 100%) of the expected increased tax withholdings generated from new job creation.
A non-refundable corporate income tax credit, HBI is calculated as a percentage of the eligible capital investment to support the project.
This grant can be utilized by companies to offset up to 50% of eligible expenses for training and up-skilling of employees.
Tax credit programs for businesses who relocate their headquarters to Indiana.
This program provides a sales and use tax exemption on purchases of qualifying data center equipment and energy to operators of a qualifies data center.
For more information or assistance with state incentive programs, please visit the Indiana Economic Development Corporation.