Economic Development Income Tax (EDIT): EDIT revenue may be used for economic development projects and for other uses specified in the EDIT law. The expenditure of these funds is at the discretion of the city, town, or county taxing unit. A project receiving CEDIT funds must involve expenditure for land, site improvement, buildings, equipment, infrastructure improvements, machinery, and/or administrative and operating expenses.
General Obligation Bonds: Depending on the community, these bonds may be used for a broad range of projects and might be available for a particular economic development project undertaken for a valid public purpose. Because general obligation bonds are backed by the political subdivision's taxing power, they generally bear a relatively low rate of interest.
Industrial Development Fund: Any government unit, other than a township, may establish an industrial development fund for the purpose of improving real property to make it more suitable for industrial use.

Opportunity Zone

The Opportunity Zones in DeKalb County are located in the heart of Auburn and Garrett, the two largest cities in the county at 13,593 and 6,546, respectively. The map (below) shows the location of the two Opportunity Zone sites. A brief description of each of the proposed Opportunity Zone projects follows.

Business Made Better in Northeast Indiana

Northeast Indiana is not only the hub of the Midwest but has emerged as a hot spot for talent and business growth due to the high-value lifestyle options for its residents. From lake life to a vibrant downtown Fort Wayne, to Main Street America, Northeast Indiana has proven why it has deserved the nearly $2 billion in capital investment in the region from 2018-2020.