Tax increment financing (TIF) is a tool used to fund economic development by capturing future increases in property tax dollars generated from new industrial, commercial, or even residential development. This increase in property tax dollars is the incremental increase in assessed value that is typically determined by an assessor once the construction of the improvements … Continue reading Decoding Tax Increment Financing (TIF)
This article originally appeared in Area Development. I’ve spent the last 25 years working in and around economic development. The last 18 have been spent in the private sector working with companies interested in locating new or expanded facilities and exploring economic incentives that support their growth plans. I’ve been in the industry so long, … Continue reading A Message to CREs: What’s Old Is New Again
INDIANAPOLIS – Katie Culp has been named to IBJ Media’s Indiana 250, a list of the most influential business leaders across the state of Indiana in multiple industries, for the second consecutive year. Culp was chosen for her many accomplishments in the economic development and real estate field. She currently serves as CEO of KSM … Continue reading Katie Culp Named to IBJ Media’s Indiana 250
for Second Consecutive Year
This article originally appeared in Area Development. These days, almost any consumer can tell you that our country has a workforce problem. From daily, negative retail experiences to delays in consumer product shipping, even my 72-year-old mother knows that businesses are challenged to find the employees needed to meet demands. (And boy, does she verbalize … Continue reading Responding to the New Reality: Robots vs. Humans
Economic development is a constant priority for the Indiana General Assembly, and 2023 was no exception. During this year’s legislative session, lawmakers added funding to a variety of incentive programs that promote investment in Indiana – and created other economic development programs anew. Highlights include a second round of funding for the popular READI program, … Continue reading Indiana General Assembly Makes Forward Moves in Economic Development During 2023 Session
In 2021, Indiana launched the Regional Economic Acceleration and Development Initiative (READI), dedicating $500 million in state funding to promote strategic investments in regions throughout the state. The program was such a boon – returning more than $8 billion to the state’s economy – that Gov. Holcomb petitioned the state legislature for a second round of … Continue reading READI 2.0: Insights for Indiana’s
Real Estate Community
Katie Culp has been named to the Indianapolis Business Journal’s Indiana 250, a list of the most influential business leaders across the state in multiple industries. Culp was selected for her many accomplishments in the economic development and real estate arena. She currently serves as CEO of KSM Location Advisors, Katz, Sapper & Miller’s site … Continue reading Katie Culp Named to IBJ’s Inaugural Indiana 250
This article originally appeared in the IBJ.com. As the dust settles from this year’s session of the Indiana General Assembly, there is one piece of legislation that communities across Indiana should pay attention to as it relates to our state’s ability to attract new jobs and investment. Senate Bill 361, recently signed into law by … Continue reading Approach New Innovation Districts with Optimism
Indiana’s 2022 legislative session started off strong. Hundreds of bills were introduced that promised big changes for Indiana businesses. Unfortunately, even with Republican supermajorities in both chambers, only a quarter of the bills that lawmakers introduced got signed by the time session adjourned in March. Even though the final scorecard looks different than it did … Continue reading 2022 Indiana Legislative Update
Indiana Gov. Eric Holcomb made it clear that one of the top items on his 2022 legislative agenda was the reduction of Indiana’s business personal property tax – and the Indiana legislature has taken note. In mid-January, the Indiana House Ways and Means Committee passed its tax cut proposal, which would exempt the minimum tax … Continue reading The Impact of Eliminating Indiana’s 30% Depreciation Floor