(STATEHOUSE) – State Representative Jeff Ellington (R-Bloomington) has drafted legislation to raise additional tax revenue for WestGate@Crane Technology Park located in Odon.
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.
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.