Taxes and Incentives
Daviess County helps industry thrive with the benefits of Indiana’s nationally competitive tax structure (ranked #2 in property tax rates and #9 in overall tax climate, according to the National Tax Foundation) as well as a strategic multi-leveled approach to incentivization.
Collaborative INCENTIVES:
For those seeking to invest and create jobs here, Daviess County’s collaboration with key partners leads to stronger incentives packages assembled from local, regional, and state funding.
A few of those resources include:
Daviess County backs its commitment to economic development with the Economic Development Income Tax (EDIT), accruing funds to address needs and to create greater opportunity. Whether contributing resources for a streetscape project in one of the municipalities or supporting other infrastructure needs for incoming industry, EDIT funds are intended to help our community grow.
These high-value incentives are building a stronger future for qualified Daviess County businesses, even as they help spur job growth, ensuring a brighter future for residents. Click here for our partner Hoosier Energy's Tax Abatement Estimator, which will allow you to estimate the value of a potential tax abatement on your investment.
Another win-win incentive Daviess County uses to promote prosperity, TIF allows refunding or diversion of taxes to aid in financing development in designated TIF districts.
Located on the city of Washington’s west side, the county’s federally designated Opportunity Zone (OZ) offers a broad range of investment potential for industrial, commercial, agricultural, and residential purposes. And while the federal designation provides tax incentives for investment in Qualified Opportunity Funds (which in turn invest in the Opportunity Zone), other county and regional incentives may also be available, depending on project qualifications. Fore more information on our Opportunity Zone, feel free to take a look at our Daviess County Opportunity Zone Prospectus.
Offered through Radius Indiana, a regional economic development organization consisting of eight counties in Southwest Central Indiana (including Daviess), the RIF provides pivotal assistance that is both timely and flexible. As a deal-closing fund, the RIF can take a responsive range of forms, including grants, loans, and equity investment—whatever is needed to achieve the ultimate aim of improving Southern Indiana, with a particular focus on job creation, site development, and expansion. For more information on the RIF, click here.
In addition to the state’s competitive tax advantages, the IEDC offers tax incentives, tax credits, and development programs such as:
· Economic Development for a Growing Economy (EDGE) Tax Credit, awarded for qualified job creation
· Indiana Skills Enhancement Fund
· Hoosier Business Investment Tax Credit
For more information on state incentives, please see the IEDC website.
EDIT Funds
Daviess County backs its commitment to economic development with the Economic Development Income Tax (EDIT), accruing funds to address needs and to create greater opportunity. Whether contributing resources for a streetscape project in one of the municipalities or supporting other infrastructure needs for incoming industry, EDIT funds are intended to help our community grow.
Property Tax Abatements
These high-value incentives are building a stronger future for qualified Daviess County businesses, even as they help spur job growth, ensuring a brighter future for residents. Click here for our partner Hoosier Energy's Tax Abatement Estimator, which will allow you to estimate the value of a potential tax abatement on your investment.
Tax Increment Financing (TIF)
Another win-win incentive Daviess County uses to promote prosperity, TIF allows refunding or diversion of taxes to aid in financing development in designated TIF districts.
Designated Opportunity Zone
Located on the city of Washington’s west side, the county’s federally designated Opportunity Zone (OZ) offers a broad range of investment potential for industrial, commercial, agricultural, and residential purposes. And while the federal designation provides tax incentives for investment in Qualified Opportunity Funds (which in turn invest in the Opportunity Zone), other county and regional incentives may also be available, depending on project qualifications. Fore more information on our Opportunity Zone, feel free to take a look at our Daviess County Opportunity Zone Prospectus.
Regional Impact Fund (RIF)
Offered through Radius Indiana, a regional economic development organization consisting of eight counties in Southwest Central Indiana (including Daviess), the RIF provides pivotal assistance that is both timely and flexible. As a deal-closing fund, the RIF can take a responsive range of forms, including grants, loans, and equity investment—whatever is needed to achieve the ultimate aim of improving Southern Indiana, with a particular focus on job creation, site development, and expansion. For more information on the RIF, click here.
Indiana Economic Development Corporation Incentives
In addition to the state’s competitive tax advantages, the IEDC offers tax incentives, tax credits, and development programs such as:
· Economic Development for a Growing Economy (EDGE) Tax Credit, awarded for qualified job creation
· Indiana Skills Enhancement Fund
· Hoosier Business Investment Tax Credit
For more information on state incentives, please see the IEDC website.
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