Only for the WestGate

Specific tax incentives as well as federal HUB Zone benefits are available to technology companies locating in the WestGate.  For more information on the following incentives, call or e-mail the WestGate@Crane Development Company at 317-257-1880 (toll-free 866-553-0244) or e-mail: dankrom@westgatecrane.com.
The WestGate is located in an Indiana-qualified military base enhancement area, which offers significant economic benefits to commercial companies locating in the region.

Companies locating in the WestGate can receive these benefits if they meet the following criteria.  In order to qualify, a business must be: (1) a participant in the Crane technology transfer program; (2) a U.S. Department of Defense contractor; or (3) the business must have a mutually beneficial relationship with Crane evidenced by a memorandum of understanding between the business and the U.S. Department of Defense.

1. Businesses within the qualified military base enhancement area are exempt from sales tax on electricity purchases.
2. The adjusted gross income tax rate for qualified corporations within the qualified military base enhancement is 5 percent for the taxable year that the company locates in the area and the following four years.  The standard adjusted gross income tax rate for corporations is 8.5 percent.
3. Upon approval of the Indiana Economic Development Corporation, a taxpayer making a qualified investment in a qualified military base enhancement area may receive the following:
   1. A percentage credit of ten percent (10%) may be allowed based on the need of the business for equity financing, as demonstrated by the inability of the business to obtain debt financing.
   2. A percentage credit of two percent (2%) may be allowed for purchases of or investments in business operations in the retail, professional, or warehouse/distribution codes of the SIC Manual (or corresponding sectors in the NAICS Manual).
   3. A percentage credit of five percent (5%) may be allowed for purchases of or investments in business operations in the manufacturing codes of the SIC Manual (or corresponding sectors in the NAICS Manual)
   4. A percentage credit of five percent (5%) may be allowed for purchases of or investments in high technology business operations.
   5. A percentage credit may be allowed for jobs created during the twelve (12) month period following the purchase of an ownership interest in the business or other investment in the business, as determined under the following table:

1. A percentage credit of five percent (5%) may be allowed if fifty percent (50%) or more of the jobs created in the twelve (12) month period following the purchase of an ownership interest in the business or other investment in the business will be reserved for residents in the qualified area.
2. A percentage credit may be allowed for investments made in real or depreciable personal property, as determined under the following table: