Local Incentives

We are the source. Our Growth Alliance team fully administers the incentive process and compliance reporting for the City of Evansville and Vanderburgh County, Indiana.

We Are The Source

Our Growth Alliance team fully administers Tax Phase-In and Compliance reporting for the City of Evansville and Vanderburgh County, Indiana. We’re happy to assist your company with the incentive application process and filing of resolutions. We’ll also present your qualifying project before the appropriate governing body with a recommendation for incentives. FROM START TO FINISH, WE’RE HERE FOR YOU! 

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Greater Evansville Incentives

Local property and personal business property tax incentives are available to eligible companies making significant property and/or building investments, creating new jobs at competitive wages, and/or creating a significant economic impact on the community.

Workforce Training Grants may be available to assist businesses with employee training and skill upgrades required to support new capital investment. Examples may include: on-the-job training programs, recruitment assistance, applicant screening, and job profiling.

Tax Increment Financing Funding – Property taxes generated from new construction in a designated area that are set aside by the local government and reinvested in the area to promote development.

Evansville Enterprise Zone – Available to Evansville Enterprise Zone (map) businesses on qualified investments on real and personal property. Qualifying capital investments include:

    • purchase or construction of a building
    • purchase of new manufacturing or production equipment
    • costs associated with repair, rehabilitation or modernization of an existing building and related improvements
    • onsite infrastructure improvements
    • costs associated with retooling existing machinery

Utility Business Rebates and Incentives
Identify savings opportunities, available rebates and custom incentive plans.

 

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Opportunity Zones

A new incentive for investing in low-income areas, opportunity zones encourages investment in the City of Evansville by providing a long-term tax advantage to individuals who invest realized capital gains in projects within a zone.

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State of Indiana Incentives

Hoosier Business Investment Tax Credit

Provides credit toward a company’s state taxes. The amount of the credit is calculated by the Indiana Economic Development Coalition, and is based on the company’s proposed capital investment and the economic benefits of that investment.

Industrial Recovery Tax Credit

An incentive for companies to invest in facilities requiring significant remodeling. A building is first designated an industrial recovery site, then companies may qualify for tax credit equal to a percentage of rehabilitation expense.

Next Level Jobs Training Funds

An Employer Training Grant available to help fill in-demand positions within six priority sectors. The grant will reimburse employers up to $5,000 per employee who is trained, hired, and retained for six months, up to $50,000 per employer.

EDGE - Payroll Tax Credit

Economic Development for a Growing Economy (EDGE)Refundable corporate income tax credit is calculated as a percentage (not to exceed 100%) of the expected increased tax withholdings generated from new jobs creation. Credit is phased in annually for up to 10 years based upon the employment ramp-up outlined.

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