Evaluation of applications; factors considered; additional requirements for certain industrial recovery sites
Ind. Code § 6-3.1-11-19
in effectSec. 19. (a) The corporation shall consider the following factors in evaluating applications filed under this chapter:
(1) The level of distress in the surrounding community caused by the loss of jobs at the industrial recovery site.
(2) Evidence of support for the designation by residents, businesses, and private organizations in the surrounding community.
(3) Evidence of a commitment by private or governmental entities to assist in the financing of improvements or redevelopment activities benefiting the industrial recovery site.
(4) Whether the industrial recovery site is within an economic revitalization area designated under IC 6-1.1-12.1.
(b) The corporation may not approve an application to receive tax credits under this chapter for qualified investments made on an industrial recovery site described in section 5(2) of this chapter unless the applicant can demonstrate that the plant was not maintained and was removed from the site in an effort to protect the health, safety, and welfare of the community.
As added by P.L.379-1987(ss), SEC.11. Amended by P.L.146-2008, SEC.324; P.L.288-2013, SEC.40; P.L.204-2016, SEC.24.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026