Ind. Code § 5-28-24-2 : STATE AND LOCAL ADMINISTRATION — INDIANA ECONOMIC DEVELOPMENT CORPORATION — INVESTMENT INCENTIVE PROGRAM —28-24-2 - Establishment by corporation; purpose

The corporation shall establish policies to carry out an investment incentive program. The purpose of the program is to provide grants and loans to counties and municipalities that will, in turn, be loaned to certain new or expanding businesses for construction or for the purchase of real or personal property.