ONE REASON HENDRICKS COUNTY has attracted so many business leaders is that our elected officials are more than business-friendly – they’re business-assertive! They’ve earned a reputation for working with companies to ensure smooth transition and addressing their challenges.
In addition to incentives and special programs available through the Hendricks County Economic Development Partnership, some of our communities have developed their own proactive incentive programs. Please contact us if you would like to learn more about programs that may be available to your business.
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.
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.
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.
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.
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.
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.