Open For Business

2004 Roadmap Promise: Done.

Automatic property tax phase-in on all new investment in job-creating business property.

In 2006, new state rules allowed businesses a three-year deduction from the assessed valuation of new investments in real and personal property. This was however undone with the passage of HB 1001 in 2007.

2004 Roadmap Promise: Investigated.

Automatic job creation tax credits for businesses of all sizes.

The Indiana Economic Development Corporation optimizes its use of tax credits and only offers them in truly competitive situations. The corporation works closely with prospective companies and provides an economic incentive offer letter within two days of receiving final details about a competitive project.

2004 Roadmap Promise: Done.

Pre-permitting business development sites that cut through red tape

In 2005, Governor Daniels signed legislation creating "shovel-ready sites" which certify locations as ready for development. A cross-section of state agencies work together to fast-track permits—shaving one-third the time off of the permitting process. There are currently 30 "shovel ready sites" across Indiana with more to come. Honda was the first company to locate on a certified site.