Home > Uncategorized > Morgan County Enacts Economic Development Tool

Morgan County Enacts Economic Development Tool

Morgan County, Indiana The Morgan County Council passed an economic development tool designed to attract data center facilities for the use of computing, networking or data storage functions.

The need for such facilities has increased. Because Indiana had lost some attractive projects to neighboring states, the General Assembly passed legislation to address the property tax assessment system disincentives that reduce the attractiveness of Indiana communities to serve as host sites for the investment and employment of the growing data center industry.

The Morgan County Data Center Personal Property Tax Exemption (DCTE) incentive program passed by the County Council is designed to help attract the investment and employment of data centers in the county.  “This local incentive gives us another tool to use in recruiting high tech companies to Morgan County,” says Joy Sessing, executive director of the Morgan County Economic Development Corporation.

To be eligible for exemption from property taxes on personal property, an entity must meet the following requirements:

1.                  The entity is engaged in a business that operates one or more facilities dedicated to computing networking or data storage activities;

2.                  The entity is located in a facility or data center in Morgan County;

3.         The entity invests in the aggregate at least ten million dollars ($10,000,000) in real and personal property in Morgan County after June 30, 2009;

4.                  The average employee wage of the entity is at least one hundred twenty-five percent (125% of the county average wage for Morgan County.

Included in the Morgan County ordinance is the definition of enterprise information technology equipment.

“By enacting a county data center personal property tax exemption ordinance, Morgan County is demonstrating it wants the high investment and high paying jobs that come with data center operations”, says Jeff Quyle, Morgan County Council member who introduced the ordinance.

About Morgan County EDC

The Morgan County Economic Development Corp (MCEDC) is the countywide economic development organization that works closely with local, regional and state partners to encourage the expansion of existing companies and attraction of new growth in Morgan County.  For more information about the MCEDC, visit http://www.morgancoed.com

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