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Hoosier Business Investment (HBI) Tax Credit

Hoosier Business Investment Tax Credit — Discretionary

Funds capital tax credits in Indiana for enterprise expansion and manufacturing strengthening in priority growth sectors.

The Hoosier Business Investment (HBI) Tax Credit is a non-refundable corporate income tax incentive administered by the Indiana Economic Development Corporation (IEDC) to encourage capital investment in Indiana business expansions, relocations, and facility upgrades. The credit is calculated as a percentage of eligible capital investment; third-party summaries indicate rates of up to 10% of qualif

Non-refundable corporate income tax credits for Indiana businesses making eligible capital investments, with rates up to 10–25% of qualifying investment certified over two calendar years.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.

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Last verified: 24 Jul 2026Source: iedc.in.gov