Rankings That are Hard to Beat
#2 in the U.S. for Property Tax Rates#5 Best State for Business in the U.S.#1 Manufacturing State in the Nation
State Incentives
Preparing to expand? The Economic Development for a Growing Economy (EDGE) Tax Credit provides an incentive of refundable corporate income tax credit to businesses to support jobs creation, capital investment, and to improve the standard of living for Indiana residents.
Credit where credit is due. The Hoosier Business Investment Tax Credit provides an incentive of non-refundable corporate income tax credits to qualified businesses.
Training up your workforce? The Skills Enhancement Fund (SEF) provides assistance to businesses to support training and upgrading skills of employees required to support new capital investment. The grant may be provided to reimburse a portion (typically 50%) of eligible training costs over a period of two full calendar years from the commencement of the project.
Power Up Indiana is a state-supported reimbursement program that rewards employers for investing in the training, advancement, and retention of their current workforce. Open to businesses of all sizes and industries, the program supports upskilling efforts such as technical training, cross-training, leadership development, and apprenticeships. Eligible employers can receive reimbursement when training leads to measurable outcomes, including a 25% wage increase and a minimum starting wage threshold. Beyond funding, Power Up Indiana promotes a culture of continuous learning and recognizes companies that are building stronger, future-ready teams.
Indiana’s Data Center Gross Retail and Use Tax Exemption provides a sales and use tax exemption on purchases of qualifying data center equipment and energy to operators of a qualified data center for a period not to exceed 25 years for data center investments of less than $750 million. .
Ready to innovate? The state of Indiana offers two tax incentives targeted at encouraging investments in research and development.
Opportunity Knox – Knox County offers many reasons to relocate corporate facilities to our region. The state offers a Headquarters Relocation Tax Credit (HRTC), which provides a tax credit to corporations that relocate their headquarters to Indiana.
The Indiana Economic Development Corporation provides several types of grants and Incentives. Some are listed on this page, but there are a few others of potential interest: Industrial Development Grant Fund (IDGF), Patent Income Tax Exemption, Film and Media Tax Credit, Community Revitalization Enhancement District (CRED), as well as Venture Capital Investment Tax Credit (VCI).
Tax Foundation
Indiana is ranked to have the No. 3 most taxpayer-friendly tax system in America
Local Incentives
Tax Foundation: Indiana ranks #2 in the US for property tax rates
TIF Availability
Considering funding for redevelopment, infrastructure, or related needs for your relocation or expansion project?
Contact us about the availability of strategic Tax Increment Financing (TIF) opportunities in Knox County.
Tax Abatement
Tax abatement is offered by the local governmental taxing unit on real property and equipment. Real property can qualify for a three year, seven year or ten year abatement on new buildings and improvements or increases in assessed value on remodeled or renovated structures. Land does not qualify. Manufacturing equipment (new to the State of Indiana) qualifies for a deduction from assessed value over a ten year period. Equipment not used in direct production, such as office equipment, does not qualify. The amount of deduction, if granted, is determined by the County Council or City Council.
Industrial Revenue Bonds
Industrial Revenue Bonds may be available through state or local governments.
Click here for a downloadable FAQ summary of abatement and related community compliance issues.
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