Incentive Process
The Boone Economic Development Corporation (Boone EDC) serves as the economic development arm for Boone County, collaborating with the county and its municipalities to attract businesses to our community. We specialize in recommending incentives for mutually beneficial, competitive business opportunities. As the focal point for Boone County, the Boone EDC takes a hands-on approach, guiding companies through the entire location process, facilitating incentives applications, overseeing reviews, and ensuring compliance when applicable. Our commitment extends beyond initial establishment; we remain connected to businesses, providing ongoing support and identifying growth opportunities within our thriving community.
Incentive Application
Compliance Report
Cf-1 Form
Application Process
- Set up a meeting with the Boone EDC to discuss project and what incentives may apply, Considerations include jobs, wages, capital investment and industry
- Complete the Boone County Incentive Application and all required documents (see below)Application is password protected and a password will be provided by the Boone EDC.
- Submit the completed application to the Boone EDC.
To set up a meeting, email hello@betterinboone.org.
Required Forms
Incentive & Compliance Forms
- Whitestown MOU & Application Fee
- SB-1 Real Property Form
- SB-1 Personal Property Form
- CF-1 Real Property Form
- CF-1 Personal Property Form
- All other DLGF forms
Boone EDC Guidance Forms for Annual Compliance
- Compliance FAQs 2025
- CF-1 Real Property Abatement Form Example
- CF-1 Personal Property Abatement Form Example
Review and Approval
- Upon review, the Boone EDC will issue an incentive recommendation
- Incentives must receive local elected bodies’ approval (the Boone EDC will assist throughout this process)
- Boone EDC coordinates any public announcements with all applicable parties upon approval
Aftercare
Once incentives have been approved, there is a process of finalizing these incentives, filing annual compliance reports, and the Boone EDC remains actively involved to ensure a seamless and straightforward process. Our commitment extends beyond the initial approval stage; we provide dedicated aftercare support, offering expertise in navigating the intricacies of incentive utilization. By staying closely engaged, we assist businesses in meeting compliance requirements, streamlining reporting procedures, and addressing any challenges that may arise, ensuring a sustained and successful partnership between the Boone EDC and the businesses we support.
Finalized Incentives
If real property abatement received:
Form 322/RE filed one-time with the Boone County Auditor
Due Date: May 10
CF-1 form must be filed each year for the length of the abatement (real and personal with the local community and the County Auditor.
Due Date: May 15
If personal property abatement received:
CF-1 PP, 103 Long and 103 ERA to be filed with Assessor’s office. CF-1 PP form should also be filed with the local community.
Due Date: May 15
Note: All forms are the responsibility of the company.
