Incentives

The City of Fishers and the State of Indiana offer various incentives to businesses relocating or expanding in the community. Untraditional incentives such as office furniture credits and traditional incentives are often combined for a custom economic development package built for your needs.

City Level Incentives

The City of Fishers will consider incentives for eligible economic development projects that fit Fishers’ smart, vibrant, and entrepreneurial vision. The number of new jobs, wages, capital investment, industry, and location of the company are all factors taken into consideration when the City evaluates incentives. For additional information regarding eligibility and incentives, please contact Megan Baumgartner.

Property Tax Abatement

Tax abatement is an exemption of all or a portion of the new or increased assessed value from property taxes for a period not to exceed 10 years. Tax abatement may be granted for 1 to 10 years on new or increased real or personal property taxes. Additional information regarding tax abatement can be found here: IC 6‐1.1‐12.1.

Tax Increment Financing

Tax Increment Financing (TIF) captures new property taxes and new assessed value from new development in a designated area to then finance incentives or infrastructure to support economic development or redevelopment projects. Additional information regarding Indiana TIF and procedural statutes can be found here: IC 36-7-14, IC 36-7-25, IC 36-7-11.9 and IC 36-7-12.

Impact Fee Waivers

The City of Fishers imposes road, bridge, and sewer impact fees for non-residential construction projects. Fishers may waive a portion or all of these fees as an economic development incentive.

State Level Incentives

The City will consider incentives for eligible economic development projects that fit Fishers’ smart, vibrant, and entrepreneurial vision. The number of new jobs, wages, capital investment, industry, and location of the company are all factors taken into consideration when the City evaluates incentives. For more information regarding state incentives visit the Indiana Economic Development Corporation website.

Workforce Training Grant – Skills Enhancement Fund (SEF)
Headquarters Relocation Tax Credit (HQRTC)
Hoosier Business Investment Tax Credit
Patent Income Tax Exemption

Research & Development Incentives
Payroll Tax Credit – Economic Development for a Growing Economy (EDGE)
Community Revitalization Enhancement District Tax Credit
Venture Capital Investment Tax Credit (VCI)

We think of Flexware as a smart, vibrant, and entrepreneurial company, so we feel Fishers is a natural fit from a community standpoint.
Scott Whitlock
Founder & CEO of Flexware Innovation
The open concept of the Lab, combined with it housing other technology start-ups, means there’s always opportunity for collaboration, for technical discussions, and the like. Additionally, there are always other technical or ntrepreneurial people coming through the Lab, so we’re always networking and connecting with other entrepreneurial people in the Fishers and Indiana technology community.
Tom Buckley
Co-Founder, VP Sales & Marketing at Qumulex
Not only do I call Fishers home, but my business, ROI Search Group, has found a home here, as well. My experiences with Mayor Scott Fadness and the ED team have been organized, professional, and are an easy partnership. The community and culture they represent lends itself to empower entrepreneurs and invest in their thriving growth as well as a vibrant quality of life.
Stacey McCreery
Founder & President of ROI Search Group
Fishers has been a spectacular city to scale our startup for multiple reasons. Both Jordin and Megan from the Economic Development team have been very helpful since day one with answering questions, inviting us to local business-focused events, and even helping us locate furniture for our new office off of I-69. Outside of that, our team has thoroughly enjoyed all that the community offers and we look forward to continuing our growth in Fishers!
Ben Jones
Founder & CEO of Mobile ReCell