BEDFORD, Ind. (August 28, 2017) — Radius Indiana held the region’s first economic development incentive seminar for area accountants and financial managers Aug. 22 at French Lick Resort.
Radius organized the event to raise awareness about incentives that are available in the region, and from the state of Indiana, that can help local businesses looking to grow their company or expand operations.
“Supporting growth for our existing businesses is one of the most important focus areas for Radius Indiana; it’s an important partnership with local economic development leaders,” said Radius Indiana President and CEO Jeff Quyle. “I believe this education session for local CPAs provided great information for our attendees and will help existing and new businesses better utilize some of the great incentives we have available.”
Presenters provided information on a variety of topics to 20 attendees from regional firms and economic development organizations, which will add to the financial tools businesses and their advisers can use for planning. The session included:
• Susan Vaughn from the Indiana Economic Development Corporation 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.
• David Umbleby, from Krieg Devault, shared information on New Market Tax Credits, which offer tax incentives on private investments in many Radius communities to fuel community development and economic growth.
• Misty McCammack from Duke Energy and Harold Gutzwiller from 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.
• Jeff Quyle rounded out the program with an overview of the Regional Impact Fund (RIF). The RIF is a fund dedicated solely to economic development projects in the Radius eight-county region, and is the only deal-closing fund in Indiana.
Debra S. Deckard, certified public accountant and partner at Bedford-based Turpen & Deckard, who participated in the session added, “The Radius session at French Lick was a great opportunity for local CPAs to connect with their peers while gaining valuable information about regional programs, tax incentives, new market credits, and energy programs to better serve their clients.”
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.