Urban Enterprise Zone Program
South Bend's Urban Enterprise Zone is a 3.79 square-mile area targeted for physical revitalization, job creation, and improvements in social and economic conditions. The Zone was designated locally and approved by the State of Indiana for a period of 10 years ending December 31, 2013.
The Urban Enterprise Association of South Bend Inc. (UEA) oversees the Zone and its programs that address the twofold mission of the UEA:
- Increase the number of jobs in the Zone by retention and expansion of existing businesses, and attraction and development of new businesses; and
- Improve the quality of life of zone residents, improve zone residents' employability, and fill zone jobs with zone residents.
Tax & Financial Incentives
Various tax and financial incentives are available to businesses located in the Zone to impact the cash flow position of a business and improve their access to capital. *Some entities are not eligible for certain incentives. The appropriate agency should be contacted to verify an entity's eligibility. The incentives are:
- Investment Cost Credit IC 6-3.1-10
State income tax credit for individuals purchasing an ownership interest in a Zone business.
- Loan Interest Credit IC 6-3.1-7
State income tax credit on lender interest earned.
- Employment Expense Credit IC 6-3-3-10
State income tax credit based on wages paid to qualified employees.
- Employee Tax Deduction IC 6-3-2-8
Qualified employees' wages exempt from state income tax.
UEA Programs
Specific South Bend UEA programs include the Sample Street Business Complex and the Zone Resident Employment Program.
The Sample Street Business Complex is a small business, multi-tenant, manufacturing, warehousing and office facility, owned and operated by the UEA. CB Richard Ellis Bradley is responsible for the daily management of the Complex under a contract with the UEA. The facility offers shared receptionist services, office machines, conference rooms, and loading docks.
The Zone Resident Employment Program offers Urban Enterprise Zone residents financial support for transportation, uniform, child care and training assistance. These subsidies, in addition to bus tokens and/or gas vouchers, are available on a timed basis for those searching for work, attending training and/or educational classes, as well as the first few months of employment.
Links to a map of the Zone and the list of addresses within the Zone are provided below:
Contact
For more information about the Urban Enterprise Zone or the Urban Enterprise Association of South Bend, Inc., call 574.235.9660.
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Department of Community & Economic Development
Division of Community Development
227 W. Jefferson Boulevard • Suite 1200 S
South Bend, IN 46601
574.235.9660 • Fax: 574.235.9469
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