State Representative Jeff Ellington of Bloomington has drafted legislation to raise additional tax revenue for the WestGate@Crane Technology Park in Odon to encourage more job growth and economic development for the area.
Currently, more than 30 Fortune 500 companies and small businesses are located at WestGate@Crane.
The Naval Surface Warfare Center, Crane Division, is located nearby and serves as the shore command of the U.S. Navy and provides comprehensive support for complex military systems.
Ellington’s bill would expand funding for WestGate@Crane through the Certified Technology Park program, which was created to draw tech businesses to Indiana.
According to Ellington, his 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.