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Incentives for doing business in Knox County Indiana

Opportunity knocks in Knox County Indiana • PO Box 701  Vincennes, IN 47591-0701 • TEL (812) 886-6993 • FAX 812.886.0888 •

Our Mission: "The mission of KCDC is to be the catalyst and leader for collaborations, programs, and strategies that promote a strong business climate through a proactive working partnership with government, business, entrepreneurs, education, non-profits, and the community at large."

Our Vision: Knox County is the vibrant center of business, history, culture, and economic vitality offering services, infrastructure, facilities, and possibilities to create opportunities for business, residents, and visitors to live, work and play in a thriving and historic Indiana community.                           

Knox County Indiana employers give high marks to their workforce when it comes to measuring productivity levels. The annual employee turnover rate is less than 5 percent, and absenteeism rates range from 0-3 percent per month.

If you have specific needs and do not see a Site or Building to fill them below, contact us - we can help!

Information on our existing industries, the cost of doing businesses, taxes, incentives available, government, services and tools for building a successful business are linked below.

The Median Center of US Population is approximately 20 miles west of Vincennes. Because of its strategic location near the Median Center of U.S. Population and the major urban centers, markets and industries, Knox County is a prime location for development and distribution.

Detailed information on the availability and providers of vital services including electric, gas, fire protection, telecommunications, waste water treatment, portable water, groundwater availability and transportation can be found via this link.

Knox County Indiana is a great place to live and work. The community is equally supportive of raising a thriving family or a successful business. And, it is a true community in every sense of the world. We invite you to take a look around, both this site and the Knox County area. We think you will like what you see.

The Knox County Development Corporation would like to acknowledge the Vincennes Sun Commercial, Indiana Economic Digest, InSide Indiana Business, the Evansville Courier and Press and other area resources for some of the news stories and photographs which appear in our news links. We appreciate their ongoing coverage of events which emphasize the growth of Knox County and its economic development efforts.

The Knox County Development Corporation can assist you from planning to completion of your project. How may we assist you? Note:All services are free-of-charge and inquiries are kept strictly confidential.

Knox County Development Corp location graphic

We're Proud of the Companies We Keep...

While companies worldwide were scaling back and feeling the effects of a slow economy, Knox County companies have been steadily winning major contracts and accolades while adding to their employment numbers.

We would like to thank and congratulate some of these fine corporate citizens including... AME Group - named one of the top 50 companies to watch by the  state of Indiana, Purdue University and the Edward Lowe Foundation. Futaba Indiana (FIA) was named the "Business of the Year" by WorkOne, Southwest Indiana for best creation and maintanence of a 21st Century work force. Schott North America was awarded a government contract for specialty glass leading to the addition of 150 employees in its Vincennes facility. Vincennes University experienced enrollment figures up 44% and unprecedented expansion.

And, the list goes on and on. How can we help add your business to this list of impressive successes?

Knox County Development Corporation Logo
1101 North 3rd Street
PO Box 701
Vincennes, IN 47591
TEL (812) 886-6993
FAX 812-886-0888

Incentives for doing business in Knox County Indiana

The Knox County Development Corporation works aggressively to help meet the locational needs of the client both during the site selection process and after the locational decision is made. The KCDC provides continued support to the prospect after the location and is prepared to aid with programs such as spousal employment network, comprehensive loan program for relocating employees, and providing temporary office space and support.

Since every company's needs are different, all incentives offered in Indiana are project specific. Thus, "package deals" are not available putting the focus on the needs of each individual customer. Listed below are incentives which might be available for your project in Knox County.

  • 21st Century Research and Technology Fund - Elevate Ventures
    The IEDC SBIR office was formed for just that mission—to help Indiana businesses compete for and win federal funding. Additionally, the IEDC SBIR Initiative is committed to assisting Indiana businesses in the commercialization of their prototypes and understands the impact that these companies can have on the economy. This, coupled with the matching program of the 21st Century fund, will provide Indiana companies with the fuel needed to excel in the SBIR/STTR programs.
  • Industrial Development Grant Fund (IDGF)
    This grant provides money to local governments for off-site infrastructure projects associated with an expansion of an existing Indiana company or the location of a new facility in Indiana. State funding through the IDGF program must be matched by a combination of local government and company financial support.
  • Small Business Innovation Research Initiative (SBIR/STTR)
    The Small Business Innovation Research (SBIR) — along with its sister program, the Small Business Technology Transfer program (STTR) — are highly competitive and encourage small businesses to explore their technological potential. SBIR/STTR funding is available from 11 participating agencies throughout the United States and focuses on various technological areas.
  • Skills Enhancement Fund (SEF)
    The Skills Enhancement Fund (SEF) provides financial assistance to businesses committed to training their workforce. Trainees must be Indiana residents. SEF reimburses eligible training expenses over a two-year term. Companies may reapply for additional SEF funds after their initial two-year term. IEDC typically does not provide reimbursement for training that is required by law.
  • EDIT funds (local incentive)
    Over $300,000 per year from Vincennes/Knox County for Industrial Development.
  • Tax Abatement (local incentive)
    Tax abatement is offered by the local governmental taxing unit on real property and equipment. Real property can qualify for a three year, seven year or ten year abatement on new buildings and improvements or increases in assessed value on remodeled or renovated structures. Land does not qualify. Manufacturing equipment (new to the State of Indiana) qualifies for a deduction from assessed value over a ten year period. Equipment not used in direct production, such as office equipment, does not qualify.
  • The following exemptions or abatements may be available from the local governmental taxing unit:
    • Real Property
      New buildings and improvements or increases in assessed value on remodeled or renovated structures can be abated over a period of ten years. Land does not qualify for abatement. The amount of deduction is determined by the following table.
      Year of Deduction Percentage
      1st 100%
      2nd 95%
      3rd 80%
      4th 65%
      5th 50%
      7th 40%
      8th 30%
      9th 20%
      10th 5%
      11th and thereafter 0%
    • Equipment and Machinery
      Manufacturing equipment, new to the State of Indiana, installed in an approved economic revitalization area qualifies for a deduction from assessed value over a ten year period. The amount of deduction is determined by the following table.
      Year of Deduction
      11th and thereafter
  • Industrial Revenue Bonds
    Industrial Revenue Bonds are available through state or local governments.


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