Community and Economic Development in the Urban Center

Home , Lutheran Health Network, Parkview Health, Three Rivers Festival, Vera Bradley

Community and Economic Development in the Urban Center of Northeast Indiana Electric Works is thoroughly redefining “quality of place” for the city and the region – and beyond.

This bold, adaptive reuse of General Electric’s 39-acre, 1.2 million-square-foot campus will be a thoughtful and curated mix of spaces that will once again drive connectivity and innovation.

As you’ll see, Electric Works is primed to take advantage of the city’s ongoing and expanding renaissance. More than $426 million in transformative downtown projects is either completed, under construction or under consideration – an indication of confidence in Fort Wayne’s future.

2 | ELECTRIC WORKS fortwayneelectricworks.com CONTENTS

The Fort Wayne Market 4 Live Fort Wayne 6 Play Fort Wayne 7 Work Fort Wayne 8 Education & Workforce 12 Economic Development 13 Transformative Projects 14 Transportation 16 Local Business Incentives 18 State Business Incentives 19

fortwayneelectricworks.com ELECTRIC WORKS | 3 THE FORT WAYNE MARKET

Fort Wayne is the urban center of Northeast Indiana, a region with a population of nearly 780,000. The city is located two hours from Indianapolis and three hours from Chicago, Detroit, Cincinnati, Columbus, and Cleveland. Fort Wayne is the second largest city in Indiana, following Indianapolis.

DETROIT

CLEVELAND CHICAGO FORT WAYNE

COLUMBUS

INDIANAPOLIS CINCINNATI

4 | ELECTRIC WORKS fortwayneelectricworks.com PLACE TO RAISE “Fort Wayne is becoming A FAMILY Still in the phase #1 (smartasset.com, 2017) flat-out cool. where a visitor to the city will have to know just where to HOTTEST look for the signs... It’s clear HOUSING MARKET that there’s something afoot #2 (realtor.com, 2018) here, and that in an age where we’re skeptical about everything, let alone lists AFFORDABLE PLACE TO LIVE making the rounds on the #6 (livability.com, 2017) internet, Fort Wayne really is a place to keep your eye on.”

PROPERTY TAX Food & Wine Magazine October 2017 INDEX RANK #2 (The Tax Foundation, 2019)

STATE RANK FOR COST OF DOING BUSINESS #5 (CNBC, 2018) AMERICA’S 2018 TOP STATES FOR BUSINESS INFRASTRUCTURE #2 (CNBC, 2018) HOTTEST HIPSTER MARKET #4 (Yelp, realtor.com, 2017) BEST RUN CITY IN AMERICA ENTREPRENEUR- #9 (Wallethub, 2017) FRIENDLY STATE (Small Business & #7 Entrepreneurship Council, 2017)

fortwayneelectricworks.com ELECTRIC WORKS | 5 LIVE FORT WAYNE

QUALITY OF PLACE

ALLEN COUNTY INCOME EDUCATIONAL ATTAINMENT Per Capita Personal Income $42,633 Less than High School 11% Average Annual Wage $44,562 High School Graduate 29% Median Household Income $49,574 Some College 23% Associate Degree 10% Bachelor’s Degree 18% POPULATION Master’s, Ph.D. and/or 9% City of Fort Wayne 265,904 Professional Degree Allen County 372,877 Within 60-Mile Radius 1,469,075 Median Age 35.6 Fort Wayne has been named HOUSING MARKET BREAKDOWN the Top 5 most popular city MEDIAN HOME PRICES FOR METROS (2018) among millennial Fort Wayne, IN $134,900 homebuyers. Cincinnati, OH $157,300 LendingTree, March 2018 Louisville, KY $170,400 Chattanooga, TN $174,600 Indianapolis, IN $176,100 Grand Rapids, MI $179,700 Columbus, OH $185,100 Greenville, SC $206,200 Durham, NC $267,700 Source: National Association of Realtors

6 | ELECTRIC WORKS fortwayneelectricworks.com PLAY FORT WAYNE

ARTS AND CULTURE

PERFORMING ARTS FESTIVALS MUSEUMS Fort Wayne Ballet Middle Waves Music Festival Science Central Fort Wayne Philharmonic Three Rivers Festival Fort Wayne Museum of Art Clyde Theatre Design Week Fort Wayne History Center Embassy Theatre Hobnobben Film Festival Artlink Gallery

SPORTS AND RECREATION

PARKVIEW FIELD FAMILY-FRIENDLY No. 1 ballpark experience in Minor League Fort Wayne Children’s Zoo Baseball (Stadium Journey) Public yoga ALLEN COUNTY WAR Farmers markets MEMORIAL COLISEUM 200+ lakes in Northeastern Indiana Arena, expo and conference center home to NBA G-League Mad Ants and ECHL Komets, NCAA 2,805 acres of public parks regional and national competitions, as well as a venue for national and international entertainers

fortwayneelectricworks.com ELECTRIC WORKS | 7 WORK FORT WAYNE

MAJOR EMPLOYERS*

With a rich history in engineering and entrepreneurship, and a deep-seated Midwestern commitment to service, our local economy is bustling with successful small businesses, established corporations, and foreign direct investment. Come see what the leadership of companies like General Mills, Vera Bradley, Berkshire Hathaway, General Motors and others already know about the Fort Wayne region.

Number of Number of Employer Employer employees* employees

Parkview Health Systems 7,858 Vera Bradley 600

Lutheran Health Network 4,768 Norfolk Southern Corp 575

General Motors 3,900 Harris Corp. 551

Lincoln Financial Group 1,954 Raytheon 540

BFGoodrich 1,640 Do It Best Corp. 471

Frontier Communications 1,355 SIRVA 454

Sweetwater Sound 1,300 Brotherhood Mutual 450

Fort Wayne Metals 1,053 Nestle 434

Steel Dynamics 871 Trelleborg AB 405

Dana Corp. 837 Indiana Michigan Power 403

BAE Systems 833 MedPro Group 389

Shambaugh & Son, Inc. 624 Superior Essex 384

* As of August 2018, private sector only

8 | ELECTRIC WORKS fortwayneelectricworks.com TARGET INDUSTRIES TARGET INDUSTRIES

A combination of central location, skilled workforce, and dynamic business milieu, Fort Wayne has emergedTARGET as a perfect environment INDUSTRIES for next-generation industries and leaders. Local and state leaders have focused resources to diversify the economy amongSpecialty these sectors: Insurance Lincoln National Corp. was founded here. It sparked a specialty insurance market that leverages a workforce with expertise in regulatory compliance, IT and user-experience design, and sales and customer service to set the industry’sSpecialty new standard forInsurance excellence in risk management. Lincoln National Corp. was founded here. It sparked a specialty insurance market that leverages a workforce SPECIALTYwith expertise INSURANCE in regulatory compliance, IT and user-experience design, and sales and customer service to set the Lincolnindustry’s National new Corp.standard was for founded excellence here. in risk It management.sparked a specialty insurance market that leverages a workforce with expertise in regulatory compliance, IT and user-experience design, and sales and customer service to set the industry’s new standard for excellence in risk management.

Medical Devices & Technology MEDICAL DEVICES AND TECHNOLOGY Medical device companies in Northeast Indiana—including DePuy Synthes, Zimmer Biomet, and MedicalMedtronic—generateMedical device companies $17Devices billion in Northeast in revenue, & Indiana—including accountingTechnology for one-third DePuy of the Synthes, worldwide Zimmer orthopedic Biomet market. and Medtronic—generate $17 billion in revenue, accounting for one-third of the worldwide orthopedic market. Medical device companies in Northeast Indiana—including DePuy Synthes, Zimmer Biomet, and Medtronic—generate $17 billion in revenue, accounting for one-third of the worldwide orthopedic market.

fortwayneelectricworks.com ELECTRIC WORKS | 9

Choose Greater Fort Wayne, Indiana 15

Choose Greater Fort Wayne, Indiana 15 Vehicles Vehicles VEHICLESVehiclesIndiana is America’s #1 state for manufacturing, and it has been for the last 30 years. Our manufacturers invest in technologyIndiana is America’s to remain #1 at state the cutting for manufacturing, edge and our and workers it has arebeen highly for the skilled last and30 years. adaptable. Our manufacturers Come see what invest drives in Indiana is America’s #1 state for manufacturing, and it has been for the last 30 years. Our manufacturers FortunetechnologyIndiana is 500 America’s to companies remain #1 at state theto invest cutting for manufacturing, here edge in Allenand our County. and workers it has arebeen highly for the skilled last and30 years. adaptable. Our manufacturers Come see what invest drives in investFortunetechnology in technology 500 to companies remain to atremain theto invest cutting at herethe edge cuttingin Allenand our County.edge workers – accompanied are highly skilled by andhighly adaptable. skilled Come and adaptablesee what drives workers.Fortune Come 500 companiessee what todrives invest Fortune here in Allen 500 County. companies to invest here in Allen County.

DESIGNDesign & CRAFTSMANSHIP & Craftsmanship Design & Craftsmanship We areDesignWe aremakers. makers. Our Our & manufacturing manufacturing Craftsmanship legacy legacy has has grown grown into intoa diversified a diversified economy economy anchored anchoredin creative inservices creative servicesandWe arequality and makers. quality craftsmanship. Our craftsmanship. manufacturing Where creative legacy Where hasservices, creative grown online into services, a sales, diversified and online logistics economy sales, intersect, andanchored logistics you’ll in creative find interact, our services you’ll find our competitiveandWe arequality makers. craftsmanship. advantage. advantage. Our manufacturing Where creative legacy hasservices, grown online into a sales, diversified and logistics economy intersect, anchored you’ll in creative find our services competitiveand quality craftsmanship. advantage. Where creative services, online sales, and logistics intersect, you’ll find our competitive advantage.

FOODFood & BEVERAGE & Beverage SuccessFood is sweeter & Beveragehere. From milk to chocolate, brewing to packaging, Allen County’s agricultural economyFoodSuccess is isbooming. sweeter & Beverage here. Our Fromcommunity milk to chocolate,offers notable brewing corn, to packaging, soybean, Allen and County’s ice cream agricultural production, economy as iswell as booming.Success is Our sweeter community here. Fromoffers milk notable to chocolate, corn, soybean, brewing and to ice packaging, cream production Allen County’s and significant agricultural water economy is significant water pre-treatment cost reduction for industrial users. pre-treatmentbooming.Success is Our sweeter community cost reductionhere. Fromoffers for milk notable industrial to chocolate, corn, users. soybean, brewing and to ice packaging, cream production Allen County’s and significant agricultural water economy is pre-treatmentbooming. Our community cost reduction offers for notable industrial corn, users. soybean, and ice cream production and significant water pre-treatment cost reduction for industrial users.

16 Choose Greater Fort Wayne, Indiana 16 Choose Greater Fort Wayne, Indiana 16 Choose Greater Fort Wayne, Indiana

10 | ELECTRIC WORKS fortwayneelectricworks.com AdvancedAdvanced Materials Materials

YourYour sourcing sourcing starts starts here. here. Our standingOur standing as a topas a American top American manufacturing manufacturing market market has cultivatedhas cultivated a network a network of materialof material manufacturers manufacturers right right here herein northeast in northeast Indiana. Indiana.Advanced FromAdvanced From industrial industrial to medical to medicalMaterials gradeMaterials grade to cutting-edge to cutting-edge materials,materials, Allen Allen County County is the is starting the starting point point in your in yoursupply supply chain. chain. YourYour sourcing sourcing starts starts here. here. Our Ourstanding standing as a as top a Americantop American manufacturing manufacturing market market has hascultivated cultivated a network a network of materialof material manufacturers manufacturers right right here here in northeast in northeast Indiana. Indiana. From From industrial industrial to medical to medical grade grade to cutting-edge to cutting-edge AdvancedAdvanced Materials Materials materials,materials, Allen Allen County County is the is startingthe starting point point in your in your supply supply chain. chain. ADVANCED MATERIALS YourYour sourcing sourcing starts starts here. here. Our Our standing standing as a as top a topAmerican AmericanAdvancedAdvanced manufacturing manufacturing market market Materials Materialshas hascultivated cultivated a network a network of materialof material manufacturers manufacturers right right here here in northeast in northeast Indiana. Indiana. From From industrial industrial to medical to medical grade grade to cutting-edge to cutting-edge YourYourYour sourcing sourcingsourcing startsstarts here.here. here. OurOur Our standingstanding standing asas aa toptop as AmericanAmerican a top American manufacturingmanufacturing manufacturing marketmarket hashas cultivatedcultivated market aa networknetwork has cultivated a materials,materials, Allen Allen County County is the is thestarting starting point point in your in your supply supply chain. chain. networkofof materialmaterial of material manufacturersmanufacturers manufacturers rightright herehere inin northeast northeastright here Indiana.Indiana. in Northeast FromFrom industrialindustrial Indiana. toto medicalmedical From gradegrade industrial toto cutting-edgecutting-edge to medical-grade, cutting-edgematerials,materials, AllenAllen materials, CountyCounty isis theAllenthe startingstarting County pointpoint is inin yourtheyour starting supplysupply chain.chain. point in your supply chain.

PhotoPhoto by: Steel by: Steel Dynamics Dynamics

PhotoPhoto by: Steel by: Steel Dynamics Dynamics LogisticsLogistics & E-Commerce& E-Commerce PhotoPhoto by: Steelby: Steel Dynamics Dynamics With Withhalf ofhalf the of U.S. the marketsU.S. markets within within a one-day a one-day drive, drive, we deliver. we deliver. Allen Allen County County offers offers customer customer access access for the for the logisticslogistics & e-commerce & e-commerce industry industry through through our extensive our extensive transportation transportation network, network, proximity proximity to the to nation’s the nation’s largest largest markets,markets, competitive competitive incentives, incentives, and affordableand affordable site options.siteLogistics options.Logistics & Photo &PhotoE-Commerce E-Commerce by:by: SteelSteel DynamicsDynamics LOGISTICS & E-COMMERCE WithWith half halfof the of U.S.the U.S.markets markets within within a one-day a one-day drive, drive, we deliver.we deliver. Allen Allen County County offers offers customer customer access access for the for the LogisticsLogistics & &E-Commerce E-Commerce logisticslogistics & e-commerce & e-commerce industry industry through through our extensiveour extensive transportation transportation network, network, proximity proximity to the to nation’sthe nation’s largest largest WithWith half half of the of theU.S. U.S. markets markets within within a one-day a one-day drive, drive,With we deliver.we half deliver. of Allen the Allen County U.S. County offersmarkets offers customer customer within access access a one-dayfor thefor the drive, wemarkets, markets,deliver. competitive competitive Allen Countyincentives, incentives, offers and andaffordable affordablecustomer site siteoptions. access options. logisticslogistics & e-commerce & e-commerce industry industry through through our ourextensive extensivefor LogisticstheLogistics transportation transportationlogistics network, and network, e-commerce&& proximity E-CommerceproximityE-Commerce to the to industrythenation’s nation’s largest throughlargest our extensive transportation network, proximity to markets,markets, competitive competitive incentives, incentives, and and affordable affordable site siteoptions. options. theWith Withnation’s halfhalf ofof largest thethe U.S.U.S. marketsmarketsmarkets, withinwithin competitive aa one-dayone-day drive,drive, incentives, wewe deliver.deliver. and AllenAllen affordable CountyCounty offersoffers customersitecustomer options. accessaccess forfor thethe logisticslogistics && e-commercee-commerce industryindustry throughthrough ourour extensiveextensive transportationtransportation network,network, proximityproximity toto thethe nation’snation’s largestlargest markets,markets, competitivecompetitive incentives,incentives, andand affordableaffordable sitesite options.options.

SweetwaterSweetwater Sound Sound

SweetwaterSweetwater Sound Sound SweetwaterSweetwater Sound Sound HEALTHCARE

Parkview andChoose DupontChoose Greater Greater hospitals Fort FortWayne, Wayne, are Indiana twoIndiana of the nation’s top 100 medical centers, according to Truven17 17 HealthSweetwaterSweetwater Analytics. SoundSound IU Health is moving in—also one of the top healthcare organizations in the country.

ChooseChoose Greater Greater Fort Fort Wayne, Wayne, Indiana Indiana 17 17 ChooseChoose Greater Greater Fort Fort Wayne, Wayne, Indiana Indiana 17 17

ChooseChoose GreaterGreater FortFort Wayne,Wayne, IndianaIndiana 1717

fortwayneelectricworks.com ELECTRIC WORKS | 11 EDUCATION & WORKFORCE

MICHIGAN STATE

U of MICHIGAN

NORTHWESTERN NOTRE DAME

U of CHICAGO FORT WAYNE

U OF ILLINOIS PURDUE OHIO STATE 214,000+ INDIANA U ANNUAL GRADUATES FROM U OF LOUISVILLE TIER 1 AND TIER 2 RESEARCH UNIVERSITIES WITHIN 200 MILES

33,000+ 384,000 41,000 ANNUAL COMPUTER SCIENCE WORKERS IN THE COLLEGE STUDENTS AND ENGINEERING GRADUATES 11-COUNTY NORTHEAST ENROLLED IN ALLEN FROM TIER 1 & TIER 2 INDIANA REGIONAL COUNTY COLLEGES UNIVERSITIES WITHIN 200 MILES LABOR FORCE AND UNIVERSITIES

12 | ELECTRIC WORKS fortwayneelectricworks.com “The phenomenal growth of ECONOMIC Sweetwater is directly related DEVELOPMENT to the business conditions and quality of life in Fort Wayne. IN ALLEN We recruit young talent from throughout the United States and COUNTY beyond, and we’re extremely successful because of the low cost of living, great schools, 2014- 7,829 affordable housing and a long list 2018: NEW JOBS of family-friendly amenities.”

Chuck Surack $341M $2.5B Founder and President of Sweetwater Sound, #1 online retailer for musical and pro audio gear NEW ANNUAL CAPITAL PAYROLL INVESTMENT

CAPITAL INVESTMENTS

1. Master Spas $15.3M 2. Sweetwater Sound $26.3M 3. ElringKlinger $23.2M ALLEN COUNTY 4. Dana Corp. $139M 7 15

5. Superior Essex $16.6M 33 16 6. Prairie Farms $8.7M 8 24 30 7. Silverado Cook Properties $14M 2 3 FORT WAYNE 8. MedPro Group $7M 4 6 9. FedEx Freight $25M 5 14 1 12 13 10. Multimatic $39M 27 10

11. Lifeline Data Center $17.5M 9 11 30 24 12. Continental Diamond Tool $16M 13. Sauder Manufacturing $3.25M 14. Superior Aluminum $26.12M 27 15. BFGoodrich $105M 16. North American Cold Storage $28M

fortwayneelectricworks.com ELECTRIC WORKS | 13 TRANSFORMATIVE PROJECTS

Since 2009, downtown Fort Wayne has seen more than $283 million in new development. There are plans for nearly $600 million in private and public investment downtown this year.

1. Electric Works Phase 1 - $220M, Phase 2 - $220M 2. Cityscape Flats $27M 3. Parkview Field $54M 4. The Harrison/Copper Spoon $19.7M 5. Hampton Inn $17.8M 6. Courtyard by Marriott $25M 7. Hilton Fort Wayne $5M 8. Shindigz Place $7M 9. The City Exchange Shops $550K 10. AEP Power Center/SIRVA $16M 11. University of Saint Francis $12M 12. Skyline Tower/Ruth’s Chris Steak House $40M 13. Ash Brokerage Headquarters/Public Garage $98M 14. Apartments/Fortezza Coffee $778K 15. Ashberry Eight Building $31M 16. 202 Metro $31M 17. Anthony Wayne Building $15M 18. Surack Development TBD 19. Boutique Hotel $27.7M 20. Randall Lofts $7.5M 21. The Landing - Model Group $35M 22. Arts United Campus Expansion $30M 23. Lutheran Downtown Hospital $120M 24. Superior Court TBD 25. Riverfront - Phase 1 26. Riverfront - Phase 2 $100M 27. Riverfront - Phase 3 28. Superior Lofts $12M 29. Riverview Development TBD

14 | ELECTRIC WORKS fortwayneelectricworks.com 26

29 25 27 28 26 24 22 21 20 18 19 17 15 16 14 11 13 23 12 9 8 10

4 5 6

2 3

CURRENT DEVELOPMENT

COMPLETED DEVELOPMENT 1

fortwayneelectricworks.com ELECTRIC WORKS | 15 TRAVELING WITHIN ALLEN COUNTY

1 DAY DRIVE Boston Fort Wayne links to other local communities 1 DAY DRIVE MINNEAPOLIS 2 DAY DRIVE and the region through a first-rate system of Madison DETROIT 2 DAY DRIVE interstates and highways that intersect the city. Cleveland New York 3 DAY DRIVE CHICAGO A Fort Wayne resident’s average travel time 3 DAY DRIVE Des Moines to work is 19.7 minutes, according to Census FORT WAYNE Pittsburgh PHILADELPHIA Bureau data. Denver Indianapolis Cincinnati Washington, D.C. Kansas City St. Louis Richmond Louisville

LEO Tulsa CHARLOTTE CEDARVILLE Nashville HUNTERTOWN GRABILL MYRTLE BEACH NS HARLAN PHOENIX Little Rock Charleston ATLANTA WALLEN 33 Birmingham DALLAS 24 Jackson 30 FORT WAYNE NDW ARCOLA NS WOODBURN CFER New Orleans NS NS Austin NEW HAVEN 27 ORLANDO TAMPA

30 24 FORT MYERS

NS NINE CFER CFER MILE MONROEVILLE HOAGLAND 27 POE YODER

16 | ELECTRIC WORKS fortwayneelectricworks.com TRAVELING ACROSS THE U.S.

MINNEAPOLIS Boston Madison DETROIT Cleveland New York CHICAGO Des Moines FORT WAYNE Pittsburgh PHILADELPHIA Denver Indianapolis Cincinnati Washington, D.C. Kansas City St. Louis Richmond Louisville

Tulsa Nashville CHARLOTTE

MYRTLE BEACH PHOENIX Little Rock Charleston ATLANTA Birmingham DALLAS Jackson

New Orleans Austin

ORLANDO TAMPA FORT MYERS

DRIVE TIMES DIRECT FLIGHTS Half of U.S. markets are within a one-day drive of Serving more than 700,000 passengers last year, Allen County. Indiana ranks high nationally when Fort Wayne International Airport is not only the it comes to logistics, including #1 for connecting “Friendliest Airport in the United States,” it is also interstates, the world’s second-largest FedEx air convenient and cost-competitive. With 12 non-stop hub, #3 in total freight railroads and #5 in first-class destinations and connections worldwide, our airlines railroads. More than 150 trucking and logistics truly can get you anywhere in the world that you companies, including Triple Crown and SIRVA, are need to go. here to support business transportation needs.

fortwayneelectricworks.com ELECTRIC WORKS | 17 LOCAL BUSINESS INCENTIVES

PROPERTY TAX PHASE-INS SUMMIT CITY ENTREPRENEUR AND (AKA TAX ABATEMENTS) ENTERPRISE DISTRICT (SEED) Tax phase-ins give local governments the option of Administered by Fort Wayne’s Urban Enterprise allowing certain businesses to phase in those new Association, SEED focuses on programs that taxes that would otherwise be assessed to their support entrepreneurship, innovation, technology purchase of equipment used for manufacturing, development, and small business development. research and development, logistical distribution, and information technology. FOREIGN TRADE ZONE #182 The Foreign Trade Zone (FTZ) program operates NORTHEAST INDIANA WORKS in a 12-county region in Northeast Indiana. Any Northeast Indiana Works connects with various company within this area can apply to be a FTZ state and federal agencies to offer grants and operator, allowing it to defer or even void payment incentives to businesses to help train workers. of import duties – often enjoying a lower tariff rate. Northeast Indiana Works can also assist with hiring a skilled workforce for companies that are expanding their operations.

LOW-INTEREST LOANS The Community Development Corporation (CDC) of Northeast Indiana facilitates five loan programs for new and existing businesses interrelated with job creation. These programs can fund a variety of business expenses ranging in size from a few thousand dollars up to $5.5 million on the CDC portion of the project.

18 | ELECTRIC WORKS fortwayneelectricworks.com STATE BUSINESS INCENTIVES

OPPORTUNITY ZONES SKILLS ENHANCEMENT FUND (SEF) The Opportunity Zone program offers long-term SEF provides financial assistance to businesses federal tax deferral on capital gains for investors committed to training their workforce. Trainees investing in Opportunity Zones and additional tax must be Indiana residents. SEF reimburses exclusion from new capital gains achieved from eligible training expenses over a two-year term. those Opportunity Zone investments. Opportunity Companies may reapply for additional SEF funds Funds will own full assets or a shared ownership after their initial two-year term. position in real estate and operating businesses located in the zones. PATENT INCOME EXEMPTION The Patent Tax Exemption allows certain income NEW MARKETS TAX CREDITS derived from qualified patents to be exempt from The New Markets Tax Credit program attracts taxation. The Tax Exemption for Patent-Derived capital by providing private investors with a federal Income defines qualified patents to include only tax credit for investments made in economic utility patents and plant patents. development projects operating businesses including the provision of working capital, purchase RESEARCH AND DEVELOPMENT of equipment, or other financing. (R&D) TAX CREDIT The Research and Development credit provides HUBZONE a credit against state tax liability for qualified The Historically Underutilized Business Zones company research expenses. (HUBZone) program helps small businesses gain preferential access to federal procurement ELEVATE VENTURES opportunities. Certified small businesses in a Elevate Ventures is a private venture development HUBZone can received contracting opportunities organization that nurtures and develops emerging in the form of set-asides, sole-source awards, and and existing high-potential businesses into high- price-evaluation preferences. performing, Indiana-based companies.

ECONOMIC DEVELOPMENT FOR A GROWING NEXT LEVEL JOBS ECONOMY TAX CREDITS (EDGE) Next Level Jobs is a campaign that targets EDGE is a refundable tax credit program that working-age Hoosiers and Indiana employers rewards companies creating jobs and contributing with the goal of skilling up our workforce to fill to the growth of Indiana’s economy. EDGE credits the high-wage jobs available right now in every may be awarded for a period of up to 10 years. part of the state.

HOOSIER BUSINESS INVESTMENT TAX CREDITS (HBI) This program encourages capital investment in Indiana by providing a credit against a company’s Indiana tax liability.

fortwayneelectricworks.com ELECTRIC WORKS | 19 CATCH THE VISION

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FOR LEASING INFORMATION:

STEVE ZACHER, SIOR, CCIM JOHN ADAMS, CCIM TRACI KAPSALIS ADAM BRODERICK +1 260 422 8474 +1 260 422 8474 +1 317 810 7013 +1 317 810 7178 [email protected] [email protected] [email protected] [email protected]

Electric Works is a development of RTM Ventures LLC.