The Indiana Economic Development Corporation offered POLARIS Laboratories up to $100,000 in performance-based tax credits and up to $70,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
“High-growth, bio-tech companies like POLARIS Laboratories continue to find the resources they need for success in Indiana,” said Eric Doden, president of the Indiana Economic Development Corporation. “Hoosier universities produce highly-educated students, ready to help companies reach and exceed their goals. Combined with our low-tax, businesses-friendly policies, Indiana is a state that works for business.”