INDUSTRIAL PROPERTY SUITED to HEAVY INDUSTRY. Immediately available, manufacturing and warehouse plant site containing over 120,000 square feet of buildings and 8.5 industrial acres. The original building was completed in 1909 and additions were added throughout the years; Located in the heart of the Hoosier State. Property had approximately 113,000 sq. ft. main building, approximately 10,000 sq. ft. office space, approximately 13,000 sq. ft. canopy area, Bridge Crane in Main Building, large air compressor, 8.5 acres of industrial property large parking area. CITY and COUNTY INCENTIVES WHICH MAY BE AVAILABLE: FREE/DISCOUNTED LAND The community may be willing to consider land grants or discounted land prices as part of an overall incentive package. TAX INCREMENT FINANCE New property taxes generated from new construction can be leveraged by the issuance of TIF bonds to incentivize the project. TAX ABATEMENT Tax abatements are currently available for both manufacturing equipment (5 or 10 years), for improvements to real estate (3, 6, or 10 years), and information technology and logistical equipment. A recent change in the law allows for a community to offer twenty-year tax abatement on personal property for machinery and equipment. PERMITTING ASSISTANCE Knowledgeable staff helps new businesses identify and secure the permits needed for their project. Staff will schedule pre-application meetings between businesses and the appropriate regulatory agencies to help streamline the permitting process. Local permit fees may be waived as a part of an overall incentive package. EXECUTIVE RELOCATION ASSISTANCE PROGRAM Moving into a community can be difficult, but moving a number of staff members and making sure they become well-acclimated to the community can be an added challenge. To alleviate this issue, the Economic Development Alliance (EDA) has developed the Executive Relocation Assistance Program as an important component of our community and company partnership. Services can be customized to the needs of the company or transferring executives, but the program generally includes a community presentation, mentor program, temporary housing, access to professional service, school orientation, residential housing incentive, and access to health care. JOB FAIRS The Alliance will host customized job fairs in partnership with the local workforce development office to help meet the hiring needs of a company. Fairs include pre-screening stations, interview booths, and computer workstations. EDIT GRANTS Funds may be made available through revenue generated from the City and County’s Economic Development Income Tax. These funds are committed at the discretion of the Mayor and Board of County Commissioners. JOB TRAINING ASSISTANCE We know that the quality of the workforce is the foundation of any company’s success, and our community has the resources necessary to help make sure those needs are met. Delaware County is home to Ball State University and Ivy Tech Community College. Both institutions have a long history of providing assistance to companies and both will seek to provide custom programs that meet the company’s specific needs. MUNCIE INDUSTRIAL REVOLVING LOAN PROGRAM The purpose of the Muncie Industrial Revolving Loan Fund (MIRLF) is to provide incentive for commercial and industrial development which will create permanent private sector jobs for the City of Muncie, Indiana. The program is designed to fill gaps in existing local financial markets and provide or attract capital which would not otherwise be available for economic development. Funds must be used for manufacturing projects, wholesaling trade projects, or limited commercial trade projects. INDIANA MICHIGAN POWER ECONOMIC DEVELOPMENT RIDER (EDR) The EDR incentive for a qualified company is a discount on the monthly demand charge for up to 36 months. The discount percentage is 30% for Standard New Development, 35% for Urban Redevelopment and 40% for Brownfield Redevelopment. There are minimum requirements to qualify for I&M’s Economic Development Rider: • The client must increase load by a minimum of 1,000 kilovolt-amps. • The client must add at least 10 new FTEs at its I&M territory location. • The project must be in direct competition with an area outside of the I&M service territory, thereby making the EDR a decision-making factor in the site location process. • The project must fall under one of the approved Standard Industrial Classification (SIC) codes STATE of INDIANA INCENTIVES WHICH MAY BE AVAILABLE: Economic Development for a Growing Economy (EDGE) – Payroll Tax Credit The Economic Development for a Growing Economy (EDGE) Tax Credit provides an incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The refundable corporate income tax credit is calculated as a percentage (not to exceed 100%) of the expected increased tax withholdings generated from new jobs creation. The credit certification is phased in annually for up to 10 years based upon the employment ramp-up outlined by the business. Hoosier Business Investment Tax Credit (HBI) The Hoosier Business Investment (HBI) Tax Credit provides incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The non- refundable corporate income tax credits are calculated as a percentage of the eligible capital investment to support the project. The credit may be certified annually, based on the phase-in of eligible capital investment, over a period of two full calendar years from the commencement of the project. Skills Enhancement Fund (SEF) The Skills Enhancement Fund (SEF) provides assistance to businesses to support training and upgrading skills of employees required to support new capital investment. The grant may be provided to reimburse a portion (typically 50%) of eligible training costs over a period of two full calendar years from the commencement of the project. Industrial Development Grant Fund (IDGF) The Industrial Development Grant Fund (IDGF) provides assistance to municipalities and other eligible entities with off-site infrastructure improvements needed to serve the proposed project site. Upon review and approval of the local recipient’s application, project specific milestones are established for completing the improvements. IDGF will reimburse a portion of the actual total cost of the infrastructure improvements. The assistance will be paid as each milestone is achieved, with final payment upon completion of the last milestone of the infrastructure project. Headquarters Relocation Tax Credit (HQRTC) The Headquarters Relocation Tax Credit (HRTC) provides a tax credit to a business that relocates their headquarters to India