Loading…
Loading…
Indiana's redevelopment tax credit is a state corporate tax credit available for qualified investment in designated redevelopment sites, administered by IEDC alongside the Indiana Finance Authority's brownfield/redevelopment site certification process. At up to USD 20 million, this is the third of five distinct incentive instruments IEDC stacked for the AWS New Carlisle project — alongside the EDGE payroll credit (USD 18.3M, filed as 2024-04-25-us-indiana-edge-tax-credit-amazon-data-center) and the Hoosier Business Investment credit (USD 55M, filed as 2024-04-25-us-indiana-hoosier-business-investment-credit-amazon-data-center). These are structurally distinct award instruments with their own statutory basis, even though they share the same beneficiary, announcement event, and underlying USD 11 billion investment, so each is filed as its own action per the approach set out in the EDGE credit filing.
Severity is set at 2 (of 5), consistent with the sibling EDGE and HBI filings: a single-state, single-project tax credit is modest relative to national-scale industrial-policy instruments (CHIPS Act, IRA) already in the register, even though the anchor investment (USD 11 billion) is large — the credit itself is the incentive layer under examination here, not the total capex.
93.3M combined) of Indiana's five-instrument, potentially USD 105M+ incentive package for a single hyperscale data-center project — useful as a benchmark against other US state data-center incentive packages (Georgia, Ohio, Virginia).
land certification, suggesting the New Carlisle site carries a prior-use designation distinct from greenfield state incentive programs.
identifying the specific certified redevelopment site was found; the USD 20M figure comes from the same bundled April 2024 press release as the other four instruments.
investment/job performance to date is not disclosed in the announcement.