Earlier today in Indianapolis, Chamber President and CEO Jeff Rea testified at the Indiana General Assembly’s Interim Study Committee on Tax and Fiscal Policy Hearing. Of particular interest to the Chamber is discussion on the creation of a Regional Development Tax Credit. Rea commented, “We believe the Regional Development Tax Credit can be an important tool to help catalyze quality of place developments throughout the state that will, in turn, help with our efforts to attract and retain people. In many cases, the economics just don’t work, but a tool like this could help fill a gap that will help long-planned projects move from concept to construction.”
Rea joined his colleagues representing business interests from all over the state of Indiana at the hearing. He chairs the Metro Chamber Coalition, a coalition of chambers of commerce from South Bend, Fort Wayne, Indianapolis, Carmel, Evansville, Northwest Indiana and Southeast Indiana. Representatives from each of these areas also offered testimony.
Rea added, “This was an important priority for us during the last legislative session and will be again this upcoming session. The General Assembly wisely decided to take some additional time to take a closer look at the tool and to study it with an Interim Study Committee. We’re happy to participate in this process, and are hope is we can find support for this and for Regional Cities 2.0 during the upcoming legislative session. We believe it can help advance some important projects in South Bend, Mishawaka and across the region.”