Indiana

 small business grants

Looking to boost your Indiana-based small business? The state offers several small business grant programs to help fuel growth and encourage job creation.

Indiana offers several programs to support job creation and workforce development for small businesses. Programs like the Indiana Economic Development Corporation (IEDC) Job Creation Tax Credit and Indiana Workforce Ready Grant provide essential financial incentives for businesses expanding their workforce and training employees in high-demand fields. These programs are designed to help Indiana businesses thrive while building a skilled workforce.

Indiana Economic Development Corporation (IEDC) Job Creation Tax Credit

  • Purpose: Incentivizes businesses to create new jobs in Indiana by offering tax credits.
  • Eligibility: Available to businesses creating at least 5 new full-time jobs and meeting wage and investment thresholds.
  • Benefit: Tax credit based on the number of jobs created, up to 10% of wages paid to new employees, with a maximum of $10,000 per employee.
  • Application process: Apply through the Indiana Economic Development Corporation (IEDC).
  • More info: Visit the IEDC website for details on eligibility and application requirements.

Indiana grants for small businesses

For Indiana grants for small businesses, the IEDC Job Creation Tax Credit provides a substantial incentive for job creation, helping businesses offset costs when expanding their workforce in Indiana.

Other relevant programs in Indiana

  • Indiana Workforce Ready Grant: Provides up to $5,000 per individual to cover tuition costs for training programs in high-demand fields. Applications are processed through the Indiana Commission for Higher Education or local workforce boards.
  • Skill UP Indiana!: Supports training initiatives to improve workforce skills by offering grants for training programs and potential wage reimbursements. Employers can apply through local workforce development boards or the IEDC.
  • Indiana Small Business Development Center (ISBDC) Services: Offers free consulting, training programs, and resources for hiring and employee management, available through local ISBDC offices across Indiana.

Helpful resources for small businesses in Indiana

List of small business grants

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