BEDFORD, Ind. (Oct. 6, 2021) — Area accountants, financial managers, and leaders in economic development attended a regional economic development incentive seminar on Sept. 22 hosted by Radius Indiana.
The event, which took place at the West Baden Springs Hotel, aimed to educate local attendees about economic incentives that are available to businesses in the region. These incentives can help local businesses grow their companies or expand operations.
“I thoroughly enjoyed the presentation and gained valuable insight into new programs and tax incentives for local businesses,” said Debbie Deckard, CPA at Turpen & Deckard. “I am very grateful Radius and the other presenters took the time out of their busy schedules to address our CPA group.”
Presenters from local organizations and financial firms provided information on a variety of the financial tools available to assist local businesses as they grow.
Speakers at the event included:
- Jeff Quyle (Radius Indiana) covered state incentives such as the Economic Development for a Growing Economy (EDGE) Tax Credit and the Hoosier Business Investment (HBI) Tax Credit, which support job creation and capital investment. Quyle also closed the event with an overview of the Regional Impact Fund (RIF), the only deal-closing fund in Indiana, which is dedicated solely to economic development projects in the Radius region.
- Heidi Amspaugh (BakerTilly) provided an overview of Tax Increment Financing (TIF) and tax abatement, focusing on how local communities can best utilize and benefit from tax incentives. She also offered a brief introduction to New Market Tax Credits, which offer federal tax incentives for private investments in many Radius communities.
- Harold Gutzwiller (Hoosier Energy) offered a utility perspective for the group and explained Economic Development Riders, which can provide discounts and savings for relocating or expanding businesses.
“Supporting growth for the existing businesses in our region continues to be one of our most important focus areas,” said Quyle. “We appreciate the opportunity to help businesses understand and take advantage of the powerful business support incentives we have available in our state and region.”
Those interested in attending a Radius Indiana course in the future can contact the Radius office at 812-277-9778.
ABOUT RADIUS INDIANA: Radius Indiana is a regional economic development partnership representing eight counties in Southern Indiana: Crawford, Daviess, Dubois, Greene, Lawrence, Martin, Orange, and Washington. Formed in 2009, Radius Indiana also serves as a point of contact in Indiana for Naval Support Activity Crane and leads regional collaboration by leveraging the diverse assets of the region to drive attraction, retention and expansion of business, thereby increasing employment and investment opportunities and quality of life within the region.