Energize Austin Campaign
The Energize Austin campaign was developed for community support and to provide one message during our smart growth stage: When an Energize Austin logo is deployed, you know that the project is a City of Austin certified initiative that will indeed Energize Austin. The campaign also will involve our community, both public and private ventures, as well as residents, who will be able to show support by way of yard signs, stickers, t-shirts, and hats. You will soon start to see this message around our city, handed out at events, and on project signage.
#EnergizeAustin
The Redevelopment Commission promotes and implements community projects, acting as a catalyst to develop blighted areas in need of reinvestment. This process is implemented via real estate acquisition, site preparation, and/or by providing infrastructure to the site or sites.
The Redevelopment Commission is comprised of 5 voting members, 2 appointed by the City Council, 3 appointed by the Mayor, as well as a 6th non-voting member who is appointed by The Scott County District 1 School Corporation. The Commission meets monthly at City Hall.
Current Commissioners:
- Richie Buchanan – President
- Janie Alexander – Vice-President
- Kelly Goodin – Secretary
- Trevor McIntosh
- Staci Mullins
TAX ABATEMENT
Tax abatement are available for 5 years for personal property, declining 20% per year, and 10 Years for the real estate with the amount declining 10% per year. Additional local incentives may be available based upon the project and /or development.
STATE OF INDIANA TAX CREDITS AND EXEMPTIONS
- Hoosier Alternative Fuel Vehicle Manufacturer Tax Credit- tax credit up to 15% for the manufacture of alternative fuel vehicles. The manufacturer must agree to operate in Indiana for at least 10 years, and must pay employees at least 150% of the state’s minimum wage.
- Industrial Recovery Tax Credit- Tax credit is a percentage of qualified rehabilitation expense on properties requiring significant rehabilitation or remodeling. The percentage ranges between 15-25% depending on the age of the facility. The facility must have been in service in the last 15 years, and must have at least 15,000 square feet of interior space with at least a 75% vacancy for 1 or more years.
- Media Production Expenditure Tax Credit- Sales tax on personal property is exempt if purchased for use in a qualified Indiana media production. The credit may be up to 15% on the amount spent in the state on qualified production expenses.
- Research and Development (R&D) Tax Credit- Provides a credit for state tax liability for company research expenses. Base year research expenses must be at least half the cost of current year research expenses. The credit equals 15% of qualified research expenses on the first $1 million and may be carried forward 10 years.
- Patent Income Exemption- Companies with 500 or fewer employees may be eligible for 50% patent income for each of the first five years with the percentage decreasing each of the last five years until it is 10% in the tenth year. Exceptions may not exceed $5 million per year. This includes only utility and plant patents.
- Research and Development (R&D) Sales Tax Exemption
- Race car Sales Tax Exemption- All race car parts sold in Indiana are exempt from state sales tax. (This does not apply to tires).
- Venture Capital Investment (VCI) Tax Credit- certified investments in motor sports companies or other high tech companies are eligible for a credit against the Indiana tax liability equal to the lessor of 20% or 500,000.
- Agricultural Equipment sales Tax Exemption- Farmers may be exempt from sales tax for the purchase of seeds, fertilizers, fungicides, and insecticides.
- Economic Development for a Growing Economy (EDGE) – refundable tax credit offered in situations where Indiana is competing with another state for the company’s site selection. EDGE credits is a percentage of payroll tax withholding (up to 100%) for net new jobs in Indiana.
- Hoosier Business investment Tax Credit- Provides credit against a company’s state tax liability. The credit amount is based on the company’s qualified capital investment, and the potential economic benefits if the investment as determined by IEDC. A company’s credit may be up to 10% of the qualified investment and may be used for as long as 9 years.
- Headquarters Relocation Tax Credit- Businesses that relocate their headquarters to Indiana are entitled for a credit towards their state tax liability of as much as 50% of the costs of relocating the headquarters. The company’s worldwide revenue must be $100 Million Minimum.
- Industrial Development Grant Fund- Existing companies looking to expand or companies new to Indiana may be assisted in infrastructure projects by this grant which provides local governments money to make off-site improvements including sewer lines, water lines, roads, streets, rails, sidewalks, high technology infrastructure, and the preparation of plans or surveys for the construction of publicly owned facilities and utilities. This grant usually does not exceed half of total costs.
- Neighborhood Assistance Tax Credits- Tax credits are available for non-profit organizations each year up to $50,000 per organization for locating in a disadvantaged area. Eligible organizations include housing, counseling, child care, educational assistance, emergency assistance, job training, medical care, downtown rehabilitation and revitalization.
- Voluntary Remediation Tax Credit- Offers tax credit on state tax liabilities for voluntary cleanup of a brownfield site.