Hoosier Business Investment Tax Credit (HBI)

Administered by Indiana Economic Development Corporation · Indiana

BENEFIT

10% credit

Deadline type: rolling

Eligibility Requirements

1Must create new jobs and make capital improvements
210% credit for qualified investment (15% digital manufacturing, 25% logistics)
3Credit may be carried forward for nine years
4Cap of $50 million per fiscal year except logistics ($10M)

Eligible Project Types

IndustrialCommercialSmall Business

STACKING POTENTIAL

Hoosier Business Investment Tax Credit (HBI) is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Hoosier Business Investment Tax Credit (HBI) compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Indiana Economic Development Corporation official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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