Hoosier Business Investment (HBI) Tax Credit

The Hoosier Business Investment Tax Credit sits inside the Indiana Economic Development Corporation and Elevate Ventures portfolio as a negotiated tax-credit route for business expansion in Indiana. It is a non-refundable corporate income tax credit tied to eligible capital investment, with annual certification available over two full calendar years from the start of a project. The credit is aimed at businesses that are creating jobs and adding capital in the state. The available award structure is tied to the scale and type of investment. Public summaries cited in the source materials place the credit at up to 10 percent of qualifying capital investment, with higher rates noted for digital manufacturing equipment and logistics investments. Companies apply through PIMS rather than through an open call, and the route is discretionary rather than competitive. The strongest fit is a company with a real Indiana expansion plan, a defined capital budget, and a project that can justify certification year by year. The credit is useful when a firm wants state support for investment rather than cash grant funding, and it works best when the project timeline, investment phase-in, and job creation assumptions are already clear.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.