Incentives and Infrastructure
Keep your operation running with ease as you strengthen your bottom line with SWIM’s incentives and infrastructure.
Tax credits unique to SWIM.
Qualified projects may receive:
- A transferrable tax credit equaling the lesser of either 30% of the entire qualified investment or $5 million, up to $25 million over a five-year period.
- Indiana’s data center sales and use tax exemption
- for qualified projects on the purchase of qualifying data center equipment and energy for up to 25 years.
- Economic Development for a Growing Economy (EDGE) refundable Indiana tax credit, phased in annually up to 10 years, based on the jobs created.
- Investment Tax Credit, Section 48 of the Inflation Reduction Act, encouraging investment in renewable, low-carbon energy use by reducing capital costs by up to 30% through 2032.
- Local tax abatement on real property and machinery and equipment.
- Sales tax exemptions on raw materials, equipment and power.
- Local Tax Increment Financing (TIF) for infrastructure and construction.
- Local assistance in site improvement and utility extension through Industrial Revenue Bonds and other funding.
- Discretionary grants and refundable credits
Infrastructure for non-stop 24/7 operations.
SWIM assures operational resilience through:
- Electrical infrastructure including 12 kV, 69 kV, 138 kV, and dual 345kV transmission lines, with adjacent service in some areas and proximity to a substation.
- Dual 10” natural gas lines, with proximity to a third.
- Expanding water and wastewater capacity currently 1 MGD and .5 MGD, respectively, with the infrastructure to quickly double water capacity. The region’s abundant lake, river and aquifer resources also allow for substantial expansion of cooling water capacity.
- Multiple fiber feeds from leading telecommunications providers and an expanding fiber infrastructure.