The communities in Hendricks County have aggressively sought new business development.  Hendricks County has been successful because leaders have worked hard to understand the needs of business and have proactively addressed those needs.  Communities in Hendricks County understand that every project is unique and are ready to find creative ways to meet those unique needs.

Real Property Tax Abatement

Existing facilities under consideration for lease have approved ten-year tax abatement, the maximum allowed by Indiana law.  The ten-year abatement will reduce property taxes on your building by approximately 50% over the term of the abatement.  The Real Property Tax Abatement is based on the percentage of the total being occupied compared to total value of the building. Real property tax abatement is provided to the building owner and should be reflected in the lease agreement.

Personal Property Tax Abatement

Hendricks County communities offer aggressive tax abatement opportunities to support and encourage investment.  Personal property tax abatement may be granted on qualified equipment per State statute.   Personal property tax abatements are granted on a case by case base and determined by the local governmental entity based on investment, job retention and creation, as wages.

Infrastructure Assistance

In cooperation with the State of Indiana, the communities in Hendricks County have been aggressive in the use of the Industrial Development Grant Fund (IDGF) to provide infrastructure assistance that supports new industry.

Job Fair

The Hendricks County Economic Development Partnership (Partnership) and its partner communities will conduct local job fairs to recruit personnel for business and industry locating in Hendricks County.  The Partnership has extensive experience in conducting job fairs on behalf of companies selecting to locate new facilities in Hendricks County.

The Partnership will put this experience to work exclusively for a company new to the community.  The Partnership will advertise the job fair and assist in staffing the event for the company.  All potential employee information will be turned over to the company at the end of the job fair.

Local Employment Services

The Partnership works with numerous local staffing firms to assist local employers in finding employees.  Services provided include screening and testing employees, interviewing employees, placing employees and providing temp-to-hire services.  The Partnership will assist you in finding and working with a local service provider.

Chambers of Commerce

There are numerous programs in the area to assist workers gain new skills.  The county’s Chambers of Commerce regularly sponsors such programs for members, and will provide classes to any business upon request.

Training / Educational Resources

Through a unique community resource called Hendricks College Network (HCN), residents and businesses have access to the expertise, programming, and resources of 22 colleges and universities located within 60 miles of the county.  This network offers a range of GED to degree programs to company specific training opportunities.

Additional business skill development and entrepreneurship support are available and customizable with just one phone call, saving the time of researching and managing employee development opportunities.

Relocation Assistance

The Partnership will work with the Hendricks County Convention and Visitors Bureau to provide discounted local hotel rooms for company personnel during the relocation period.

Permitting

Communities in Hendricks County will work with any new company to ensure the transition to the new facility goes smoothly.  Incremental permitting and phased occupancy are common practices in Hendricks County.

Dedicated Ombudsman

The State of Indiana will provide a dedicated ombudsman to the project.   The Indiana Economic Development Corporation will work with companies as necessary during the start-up phases of the project.

Industry Specific Incentives

Brownsburg Economic Development Commission

Incentive Program (BEDC IP)

Terms and Definitions

Objective of the Incentive Program

 The primary objective of the Incentive Program is to provide assistance to startup companies and to bring new businesses to Brownsburg. 

BEDC-IP Landlord Requirements

This section determines the qualifications of a Landlord.  Incentives will only be considered for facilities located in the Town of Brownsburg.

• A one-time application from Landlords must be approved by the EDC and recorded with the Town Manager’s Office.  A new facility that receives its certificate of occupancy during the year may apply at any time during that year.  
• The Landlord must be a Member of the Brownsburg Chamber of Commerce.
• Facilities must be ADA compliant.

Applicant Business Requirements

This section determines the qualifications of an Applicant Business.   The Economic Development Commission for the Town of Brownsburg has the sole discretion to approve or disapprove any Applicant Business.

• The Applicant Business must be a business that is not currently located in Brownsburg. 
• The Applicant Business must be located in the Town of Brownsburg within ninety days of acceptance into the program. 
• A subsidiary or other “related business” to an already existing business in Brownsburg may not be approved by the EDC if the related business does not add substantially additional benefit to the town.  
• The Applicant Business is limited to one round of incentives in the local business incentive program. 
• The Applicant Business must file an application, Business Plan, and copy of the proposed lease with the Town Manager of Brownsburg before the EDC will approve.  Leases with an early-out clause will not be considered.  Incentives will be conditioned on the signing of the lease which must be provided to the Town Manager’s Office before any incentives are provided.
• The Applicant Business (or its representative) will be required to sign a reimbursement guarantee if the business breaks the lease to leave Brownsburg and relocate elsewhere.
• The Applicant Business must be a Member or become a Member of the Brownsburg Chamber of Commerce before any incentives will be provided.

Approved Tenant Requirements

This section determines the requirements an Applicant Business must meet to stay in the local incentive program.

• In order to receive the benefits of the program the Applicant Business must file an annual report summarizing business activity, number of employees, and the average annual wage of employees. 
• Continued membership in the Chamber of Commerce is required.
• Applicant Business must be actively engaged in business, using the rented space for the originally stated purpose, or some expansion of that business purpose.

Possible Rental Assistance

This section suggests the financial incentives available to the Applicant Business from the EDC, but in no way guarantees or limits the amounts.

  Maximum rental benefit will be determined by the EDC.   Each check will be cut with both the Local Business and the Applicant Business.   If an Applicant Business changes space with the same Landlord, the original Incentive Program is still applicable.

 Early Termination of Incentive Program

 If a lease is broken and/or an Applicant Business moves out of Brownsburg all incentives provided to date shall be reimbursed.  If a lease is broken with the mutual consent of the Landlord and Applicant Business and the Applicant Business relocates in Brownsburg then reimbursement of incentives is not required; additionally, applicant business may request an incentive if it moves to a larger facility owned by a BEDC-IP Landlord. The Town Manager’s Office should be notified by the landlord when a lease is broken or the Applicant Business closes. 

 Both Applicant and Local Business representatives must sign this statement that they have received, read and understand all Terms and Definitions involved in the application for financial incentives from the Town of Brownsburg. This includes but is not limited to the reimbursement statements on page 2 under Applicant Business Requirements and the statement requiring reimbursement from the Applicant Business stated under Early Termination on page 3.

Excel in Hendricks County