Sec. 0.5. As used in this chapter, “final offer of public financial resources” means a final executed definitive agreement that is the product of negotiations between the corporation or another public agency and an industrial, research, or commercial prospect. As added by P.L.197-2021, SEC.5.
Sec. 0.6. As used in this chapter, “negotiations” means communications, including letters of intent, memoranda of understanding, and other preliminary, early stage, or informal communications, directed to or with an industrial, research, or commercial prospect. As added by P.L.197-2021, SEC.6.
Sec. 1. The corporation shall do the following: (1) Create and regularly update a strategic economic development plan that includes the following: (A) Identification of specific economic regions within Indiana and methods by which the corporation will implement more regional collaboration between the corporation and the various local economic development organizations within these regions. (B) […]
Sec. 2. (a) The corporation shall develop and promote programs designed to make the best use of Indiana resources to ensure a balanced economy and continuing economic growth for Indiana, and, for those purposes, may do the following: (1) Cooperate with federal, state, and local governments and agencies in the coordination of programs to make […]
As added by P.L.191-2005, SEC.1. Amended by P.L.122-2006, SEC.1. Repealed by P.L.190-2014, SEC.11.
Sec. 4. The board, the corporation, and the officers and employees of the board or corporation, when developing job creation incentive packages to locate companies in Indiana, shall give weight, in the awarding or approving of job creation incentives, to business entities that locate in an area where individuals have become dislocated workers due to […]
Sec. 5. The corporation shall designate an employee to serve as a compliance officer whose duties are to determine and report to the corporation whether each person that receives a job creation incentive granted by the corporation or another agency or instrumentality of the state (excluding any political subdivision or other unit of local government) […]
Sec. 6. The corporation shall require an applicant for a job creation incentive to be granted by the corporation after March 31, 2010, to enter into an agreement with the corporation as a condition of receiving the incentive. Subject to IC 5-28-28-8, the agreement must include the following: (1) The applicant’s agreement regarding the following: […]
Sec. 7. The corporation shall establish a program to ensure that dislocated workers from Indiana are given consideration for jobs created by business entities receiving a job creation incentive from the state or an instrumentality of the state (excluding any political subdivision or other unit of local government). The corporation, including its board, shall condition […]
As added by P.L.116-2014, SEC.1. Repealed by P.L.85-2017, SEC.14.
Sec. 9. (a) The aggregate amount of applicable tax credits that the corporation may award for a state fiscal year for all taxpayers is three hundred million dollars ($300,000,000). (b) For purposes of determining the amount of applicable tax credits that have been awarded for a state fiscal year, the following apply: (1) An applicable […]
