Hoosier Business Investment Tax Credit (HBI)
The Hoosier Business Investment Tax Credit supports companies investing in Indiana by offering tax credits to spur innovation, advanced technology, and economic growth, funded by the Indiana Economic Development Corporation.
Funder: Indiana Economic Development Corporation
Due Dates: Rolling
Funding Amounts: Tax credit amount varies by project; calculated as a percentage of qualified capital investment.
Summary: Incentivizes companies to make capital investments and expand job opportunities in Indiana through targeted tax credits.
Description
The Hoosier Business Investment Tax Credit (HBI) is a business tax incentive program administered by the Indiana Economic Development Corporation (IEDC). The HBI program is designed to encourage companies to expand their operations, create new jobs, and make qualifying capital investments within Indiana. By offering a targeted investment tax credit, the program aims to drive economic development, innovation, and reinforce Indiana’s competitive business environment. The HBI is part of a suite of incentives and tax credits for companies making significant investments in the state.
