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(STATEHOUSE) – State Representative Jeff Ellington (R-Bloomington) has drafted legislation to raise additional tax revenue for WestGate@Crane Technology Park located in Odon.
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Ellington’s goal is to encourage job growth and economic development in the area.
WestGate@Crane Technology Park is home to more than 30 companies, creating a unique community that is rooted in the defense industry and continually growing and diversifying.
With a range of small businesses to Fortune 500 companies, each of the tech park tenants is contributing to the strength and vitality of the regional ecosystem.
WestGate@Crane is just minutes from the economic hub that is NSWC Crane, Indiana’s strategic naval base. The WestGate Academy is ideally located for easy access to the multi-million dollar companies at the Tech Park as well as the thousands of employees working within the gates at Crane.
The bill would expand funding for WestGate@Crane through the Certified Technology Park program. The program was created to draw technology businesses to Indiana.
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Ellington’s bill would increase the annual additional revenue capture limit on state and local income and sales taxes from $100,000 to $500,000 and would only apply to WestGate@Crane or a certified technology park located within 5 miles of a qualified military base.
The bill has been assigned to the House Ways and Means Committee for consideration.