Taxes & Incentives

A range of local and state incentives are available to qualifying companies in the South Bend - Elkhart Region to support new, expanding and relocating companies. The South Bend - Elkhart Regional Partnership can help identify potential economic incentives that will match best with your relocation and/or expansion, and facilitate the incentives process with local and State leadership.

STATE INCENTIVES

Indiana promotes your growth, innovation and profits.
The State of Indiana offers many business tax incentives, corporate tax credits and economic development programs for companies creating new jobs and investment in Indiana. Our business tax structure is also very competitive. Indiana’s corporate income tax is decreasing from the current 6.5% to 4.9% by 2021. As the decrease is phased in, the tax rate will drop each year. Indiana has a flat state corporate tax rate on adjusted gross income and no gross receipts tax or inventory tax.

Michigan provides millions of dollars in support each year for business expansions and growth.
Michigan offers one of the best pro-business environments in the country. The state of Michigan has been ranked one of the Top 10 states for corporate tax competitiveness due to our simple, fair and efficient 6% corporate income tax and $500 million in annual business savings through the elimination of industrial personal property tax.

LOCAL INCENTIVES

The municipalities and counties in the South Bend - Elkhart Region offer tax abatement, TIF, enterprise zones, industrial revenue bonds, industrial revolving loans. 

For more detail on each specific county’s incentives, visit their website by clicking a county name below: