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IN
Economic Development for a Growing Economy Tax Credit
Provides refundable Indiana payroll tax credits to businesses creating new jobs and investment in the state.
About this program
The Economic Development for a Growing Economy Tax Credit, known as EDGE, supports job creation, capital investment, and improved living standards for Indiana residents. The refundable corporate income tax credit is calculated as a percentage of expected increased tax withholdings generated from new jobs and may be certified annually for up to 20 years based on the company's employment ramp-up.
Eligibility
Eligible applicants are businesses whose Indiana projects create net new jobs, are economically sound, and need the tax credit as a major factor in proceeding with the Indiana project.
Requirements
- Project must result in net new jobs that were not previously performed by employees of the applicant.
- Project must be economically sound and benefit Indiana by increasing employment opportunities and strengthening the state economy.
- Receiving the credit must be a major factor in the applicant's decision to proceed.