Growing Your Business in Steuben County? Indiana's EDGE Tax Credits Could Help!

Supporting Business Expansion, Job Creation, and Economic Growth in Steuben County 

Are you considering expanding your business, investing in new facilities, or creating additional jobs in Steuben County? The Indiana Economic Development Corporation (IEDC) offers valuable tax incentives designed to encourage business growth and investment throughout Indiana.

Through the Economic Development for a Growing Economy (EDGE) Tax Credit Program, qualifying businesses may receive tax credits tied to the creation of new jobs, helping offset costs associated with expansion and workforce growth.

For Steuben County employers, these incentives represent an opportunity to invest in their operations while contributing to the continued economic vitality of our communities.

What Is the EDGE Tax Credit?

The EDGE Tax Credit is a performance-based economic development incentive designed to encourage businesses to create new, full-time jobs in Indiana.

Qualifying businesses may receive:

• Refundable tax credits based on incremental employee income tax withholdings generated by newly created jobs.
• Credits worth up to 100% of qualifying incremental tax withholdings, depending on the approved project.
• Annual tax credit certifications for up to 10 years, based on the company's committed employment growth.
• Incentives that support new capital investment, business expansion, and permanent employment opportunities.

Projects must meet IEDC eligibility requirements, including demonstrating that the proposed investment and job creation would not move forward without the incentive.

NEW OPPORTUNITIES: EDGE Non-Resident Tax Credit

Steuben County's location at the intersection of Indiana, Michigan, and Ohio creates unique opportunities for businesses to access a regional workforce.

The EDGE Non-Resident (EDGE-NR) Tax Credit provides an additional incentive option for businesses creating new jobs in Indiana that are filled by residents of other states.

Under this program:

• Qualifying businesses may receive nonrefundable tax credits tied to newly created jobs filled by out-of-state residents.
• Credits may equal up to 100% of the incremental tax withholdings that would have been generated if those positions were filled by Indiana residents.
• Credits may be certified annually for up to 10 years, based on approved employment commitments.
• Businesses must meet investment, employment, and other eligibility requirements established by IEDC.

For Steuben County businesses that recruit employees from neighboring Michigan and Ohio communities, this program may provide an additional tool to support expansion and job creation.

Why Does This Matter for Steuben County?

At SCEDC, we recognize that supporting existing businesses and attracting new investment are essential to building a strong local economy. The EDGE programs align with several of our economic development priorities:

Business Retention & Expansion: Helping established Steuben County businesses evaluate available incentives as they consider new facilities, equipment, and employment opportunities.

Business Attraction: Strengthening Steuben County's competitiveness when businesses evaluate potential locations for new operations.

Workforce Development: Supporting job creation while recognizing the importance of our regional workforce across Northeast Indiana, Southern Michigan, and Northwest Ohio.

Long-Term Economic Growth: Encouraging capital investment, strengthening local industries, and creating employment opportunities that contribute to the economic vitality of Steuben County.

Planning an Expansion? Connect With SCEDC!

Whether your business is considering hiring additional employees, expanding an existing facility, or establishing a new operation in Steuben County, understanding available economic development incentives is an important part of the planning process.

SCEDC encourages businesses to explore the EDGE and EDGE-NR programs early in their expansion planning.

Our organization can help businesses identify potential economic development resources, understand program requirements, and connect with the appropriate state partners.

Stay Here. Grow Here.

Let's work together to create new opportunities, strengthen our business community, and continue building a prosperous future for Steuben County.

Contact the Steuben County Economic Development Corporation to learn more about available business expansion resources and incentives.

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