Indiana Business Development Programs: Financing and incentive programs provided through the Indiana Department of Commerce's Business Development Division

Population: 6.2 million Indiana Department of Commerce

One North Capitol, Suite 700

Indianapolis, IN 46204

Phone: [phone]

Fax: [phone]

www.indianacommerce.com

Contact: Tim Monger, executive director

Email: [email protected]

Indiana Bankers Association

3135 N. Meridian St.

Indianapolis, IN 46208

Phone: [phone]

Fax: [phone]

www.indianabankers.org

Indiana Economic Development Council

1 North Capitol Ave.

Indianapolis, IN 46204

Phone: [phone]

www.icdc.org

Contact: M Jacqueline Nytes, president

Phone: [phone]

Email: [email protected]

Top Banking Institutions

National City Bank of Indiana

Old National Bank

Irwin Union Bank & Trust

OFFICE OF INTERNATIONAL TRADE

This office helps Hoosier companies interested in exploring international markets through market research and overseas offices. The office also has a Trade Show Assistance Program that provides grants to businesses wishing to participate in international trade shows.

TRAINING

The Department of Commerce offers possible assistance from its Skills Enhancement Fund (SEF) program. This flexible training program will provide partial reimbursement for a wide variety of training costs. Eligible costs include instructional materials, instructor salaries and travel to training sites.

EDGE

The Department of Commerce may offer Economic Development for a Growing Economy (EDGE) tax credits based on the added payroll for Indiana jobs created. The payroll taxes withheld from those new employees, effectively 3% in Indiana, are the basis for the credits. Tax credits can be awarded up to that amount for a period not to exceed 10 years. The credits awarded are first applied against any Indiana corporate income tax liability, and any excess amount earned is refunded directly to the company.

PUBLIC INFRASTRUCTURE

The Department of Commerce may assist the community companies select by helping to provide public infrastructure, through the Industrial Development Grant Fund (IDGF), to serve a company's facility. Assistance may be provided to support the opening of the new plant or at any time in the future if a plant expansion necessitates additional public improvements.

PERMITTING ASSISTANCE

The Office of the Ombudsman serves as a liaison between companies, communities, local economic development...