21st Century Research and Technology Fund
The Indiana 21st Century Research and Technology Fund was created to stimulate the process of diversifying the State's economy by developing and commercializing advanced technologies in Indiana.

Industrial Development Grant Fund (IDGF)
This grant provides money to local governments for off-site infrastructure projects associated with an expansion of an existing Indiana company or the location of a new facility in Indiana.

Small Business Innovation Research Initiative (SBIR/STTR)
The Small Business Innovation Research (SBIR) — along with its sister program, the Small Business Technology Transfer program (STTR) — are highly competitive and encourage small businesses to explore their technological potential.

Training Acceleration Grant
TAG provides financial assistance to companies and organizations committed to expanding the skills of their existing workforce through training that results in a transferable and industry-recognized credential.

Tax-exempt Bonds
Private Activity Bonds are often called Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) and are issued by state or local governmental entities for the benefit of a private company, usually manufacturers. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower.

Loan Guaranty Program
IEDC can provide a loan guaranty to a lender for the benefit of a high-growth/high-skilled company, manufacturer, rural development project, value-added agricultural enterprise or another type of business that creates or retains a significant number of Hoosier jobs.

Capital Access Program (CAP)
The Capital Access Program (CAP) is a small business credit enhancement program that creates a specific cash reserve fund for the lender to use as additional collateral for loans enrolled in the Program.

Economic Development for a Growing Economy (EDGE) Tax Credit
The Economic Development for a Growing Economy (EDGE) is a refundable tax credit program that rewards companies creating jobs and contributing to the growth of Indiana’s economy. EDGE credits are calculated as a percentage of payroll tax withholding for net new Indiana jobs.

Headquarters Relocation Tax Credit
When a business relocates its corporate headquarters (defined as the location of the principal office of the principal executives) to Indiana, it is entitled to a credit against its state tax liability equal to half of the costs incurred in relocating the headquarters.

Hoosier Business Investment Tax Credit (HBITC)
This program encourages capital investment in Indiana by providing a credit against a company’s Indiana tax liability. The credit amount is based on a company’s qualified capital investment with the final credit amount determined based on an analysis of the economic benefits of the proposed investment.

Industrial Recovery Tax Credit
The Industrial Recovery tax credit provides an incentive for companies to invest in facilities requiring significant rehabilitation or remodeling expense.

Skills Enhancement Fund (SEF)
The Skills Enhancement Fund (SEF) provides financial assistance to businesses committed to training their workforce. Trainees must be Indiana residents. SEF reimburses eligible training expenses over a two-year term. Companies may reapply for additional SEF funds after their initial two-year term.

Technology Enhancement Certification for Hoosiers (TECH)
The Technology Enhancement Certification for Hoosiers (TECH) Fund is a reimbursement grant program designed to help companies meet the demands of the new IT economy by increasing the number of certified information technology workers in Indiana.


Certified Tech Parks – Flagship Certified Tech Park
The Certified Technology Parks program was created as a tool to support the attraction and growth of high-technology business in Indiana and promote technology transfer opportunities. The Flagship Certified Tech Park at I-69 Exit 22 in Anderson currently houses some of the most innovative alternative energy and military equipment companies.

Shovel Ready Program
A section of the Scatterfield Business Park area, containing 52 acres in Anderson located in the 30th block of Scatterfield Road, has been designated as “Shovel Ready” by the Indiana Economic Development Corporation. The “Shovel Ready” designation demonstrates to prospective purchasers that the site has undergone extensive title work, proof of ownership, legal and environmental review and qualifies for expedited permitting with state regulatory agencies. Prior completion of these basic procedures lowers the cost of site development and allows for speedy development of the property, reducing the state permitting time by up to 30 percent.  Approximately 32 acres still available.