Incentives
Tipton County’s business-friendly local government works with the State of Indiana to offer an attractive package of incentives and grants to help you get started as quickly and inexpensively as possible.
Extremely competitive tax rates result in lower operating costs, helping you achieve a profitable bottom line more quickly. We want you to invest in Tipton County, and we will do our best to return the favor. Among other advantages, the State of Indiana provides a tax exemption for a long list of specific technology equipment and investments, which will particularly benefit companies with large technology needs, such as data centers and research facilities. The financial stability of the State of Indiana reduces the likelihood of future tax increases and is yet another reason to locate your operations in Tipton County. As you’ll see, people are not the only thing that will make you feel welcome here.
CHECK OUT LOCAL AND STATE INCENTIVES BELOW!
LOCAL
Tax Abatements - Tipton’s Tax Abatement program allows certain businesses to phase-in those new taxes that would otherwise be assessed to their property. The phase-in could be up to ten years and is based on a number of jobs, new building construction, or investment in new equipment to be used in the business.
EDIT Incentive Pool - Offered as a loan or grant from Tipton County to a company. The number of jobs created and the average annual wages paid is one determinant; another is the investment in real and personal property. Special circumstances may also apply to a company for specific needs.
Façade Program - Property owners in the commercially designated areas of the City of Tipton are eligible for the façade program. Amounts granted vary based on the overall investment of the improvement. Yearly facade grant amount is capped at $25,000.00 per property.
WorkForce Development - We will work one-on-one with you and your organization to determine your labor needs and help prepare for the future of your company. Want to hire veterans? Need to bridge a forecasted skills gap? Looking to start your own business? We can help you find the solutions to meet the challenges of your changing workforce! Whether it is a grant for training and development or helping you find talent to fill an open position, we are here to help you and your organization succeed! For general information click the WorkOne image below or contact us with any questions!
Interested in starting your own small business? Want to expand your existing small to medium business? Need help making the most of the resources you have? Find out how we can help by clicking here --> Small Business Development
STATE
Indiana ranks 10th in the Tax Foundation’s State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes; individual income taxes; sales taxes; unemployment insurance taxes; and taxes on property, including residential and commercial property. The ranks of neighboring states were as follows: Michigan (14th), Illinois (31st), Kentucky (27th) and Ohio (39th).
HBI - Hoosier Business Investment tax credits are available to a company making a "qualified investment" in an Indiana facility. Generally, a "qualified investment" includes new buildings, building improvements, and equipment. The credit award may equal up to 10 percent of the qualified investment and may be carried forward for up to nine years. The credit percentage and carry-forward term are determined by the Indiana Economic Development Corporation on a case-by-case basis.
Training Assistance - The Skills Enhancement Fund (SEF) provides financial assistance to new and/or expanding companies interested in training their Indiana resident workforce. Eligible companies can receive reimbursement of up to 50 percent of eligible training costs.
EDGE - Economic Development for a Growing Economy tax credits are based on the additional employee payroll withholdings for net new job creation in Indiana. The grant may be up to 10 years. Credits are applied against the company’s Indiana income tax liability and are refundable.
