Local Incentives

Many local business incentives are available for new and expanding businesses in Anderson. These local incentives offered by the City of Anderson are based upon a number of factors including, but not limited to, the total capital investment amount, the number of newly created jobs, the average wage, and the location of the project. The State of Indiana, through the Indiana Economic Development Corporation (IEDC), also offers additional incentive programs.

The staff will offer their continued commitment to ensure the best programs are in place. If you need further information, assistance, or other enticements, our support is just a question away.  

Community Revitalization Enhancement District (CRED)
This tax credit reduces the taxpayer's state and local tax liability for a taxable year if the taxpayer makes a qualified investment in that year. Qualified investments are investments made for the redevelopment or rehabilitation of property located within a designated areas.  Learn more...

Revolving Loan Fund (RLF)
City of Anderson has established a Revolving Loan Fund (RLF) program that offers low interest loans up to $150,000. Rates are as low as four percentage points below prime rate.   Learn more...

Foreign Trade Zone (FTZ)
The FTZ program helps American companies improve their competitive position versus their counterparts abroad. The FTZ program allows U.S.-based companies to defer, reduce or even eliminate Customs duties on products admitted to the zone.  Learn more...

Industrial Revenue Bond (IRB)
Industrial Revenue Bond financing is a method of financing which the City of Anderson can help private business development and expansion by issuing low-interest tax exempt bonds. Learn more...

Municipal Riverfront Development District
This designation allows business owners located in this area to purchase alcoholic beverage permits without regard to the quota provisions of Indiana Code 7.1-3-22.  Learn more...

New Market Tax Credit (NMTC)
New Market Tax Credit (NMTC) program allows taxpayers to receive a federal tax credit for making qualified equity investment in the designated areas.  Learn more...

Small Business Incentive Program
The City of Anderson is committed to positively impacting the community by providing financial assistance to small businesses that provide a direct benefit to the citizens of Anderson.   The Small Business Incentive Program serves new start up companies and existing businesses involved in expansion projects.   Learn more...

Tax Abatement
The City of Anderson offers up to a ten (10) year partial tax abatement on increased tax assessments as a result of improvements made to real property. A ten (10) year partial tax abatement is also available for increased business personal property as a result of the installation of new manufacturing equipment.  Learn more...

Tax Increment Financing (TIF)
Tax Increment Financing (TIF) provides for the temporary allocation to redevelopment or economic districts of increased tax proceeds in an allocation area generated by increases in assessed value.  TIF can also be utilized for development cost.  Learn more...