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Indiana Manufacturers: Claim the $10B Double Round NMTC Financing — $70M Targeted for IN — Open October — Begin Qualification for Non-Dilutive Capital Now

September 18, 2025/Comments Off on Indiana Manufacturers: Claim the $10B Double Round NMTC Financing — $70M Targeted for IN — Open October — Begin Qualification for Non-Dilutive Capital Now

By Frank Hoffman, Founder and Managing Director, Strategus

Why the Double NMTC Round Represents a Defining Moment — A Professional First in Four Decades

Having spent four decades continuously focused on incentive financing for Indiana, I blend finance, tax, and law at the intersection of economic development. Our firm, Strategus, has closed more than $1 billion in New Markets Tax Credits (NMTC) financing . At Strategus, we have built a track record for winning economic development projects. In all my experience, I have never seen the permanent installation of the NMTC and the announcement of a double round of $10 billion in NMTC financing, what I am calling a mega round allocation. Offering dual acceleration for manufacturing, the Omnibus Big Beautiful Bill (OBBBA) provides manufacturers with a provision for 100% bonus depreciation for equipment and plant facilities.

I have never been more excited for Indiana manufacturing than now. This is the “once-in-a-career” opportunity that can transform manufacturers. I am excited to support Hoosier businesses or companies that want to locate to our great state. The combined announcements will only accelerate the manufacturing boom in Indiana.

The Big Beautiful Bill: Depreciation Boost

The recently passed Big Beautiful Bill Act (OBBBA) reinstates permanent 100% bonus depreciation for qualified property placed in service after January 19, 2025. The accelerated depreciation allows firms to front-load capital deductions on capital investments. Equipment and Plant facilities!

Mega Round Allocation for NMTC this fall: More Projects Available

Normally, the NMTC allocates $5 billion per year, but the 2025 allocation was delayed. So, with the passage of OBBBA, they made the NMTC permanent and issued a double round, or $10 billion of financing available for projects. This is a mega opportunity for manufacturing. If your company is qualified, then you can reduce total project costs by 18%. Indiana manufacturing is likely to qualify and is a great opportunity.

What Is NMTC Financing and How Do You Know If You Qualify?

The NMTC is a well-established federal program, and since 2002, it has provided $77 billion in total financing to date. Essentially, NMTC financing is a 7-year forgivable loan, as long as you are providing high-quality jobs in distressed communities.

We target all the incentives — federal, state, and local — with the goal of 40% targeted incentives to support Indiana manufacturers.

  • Location Matters: Projects must be in low-income census tracts or a distressed area. Many former industrial corridors in Indiana qualify.
  • Quality Jobs:
    • Above-Average Living Wages: Jobs should pay at least 150% of the local living wage.
    • Accessible Jobs: 85% of jobs need only a high school diploma.
    • Comprehensive benefits.
  • Check our resource guide [link website], or schedule a 30-min intro meeting [[link]].

The NMTC financing, if qualified, can reduce total project costs by 18 percent alone. The result is a remarkably accessible, non-dilutive liquidity source for offsetting development costs and preserving shareholder equity. Turns every $1 in your capital stack into $1.22!

We Can Help Right Now

We have a long track record of success. Strategus has applied for $70 million in NMTC allocation, exclusively for Indiana manufacturers.

Our priority counties include: Adams, Allen, Blackford, Cass, Clinton, DeKalb, Delaware, Elkhart, Fayette, Fulton, Henry, Howard, Huntington, Kosciusko, Jay, Lake, LaPorte, Madison, Marshall, Miami, Noble, Pulaski, Randolph, Rush, Saint Joseph, Tippecanoe, Tipton, Starke, Steuben, Wabash, Wayne, Wells, and White.

Awards are expected this fall, and funds are deployable as early as November 2025. We’re eager to partner with qualified companies planning $5M–$200M expansions in Indiana, where reshoring aligns with skilled talent and infrastructure.

The time is right for Hoosier manufacturing; don’t miss this window. Our success-fee model aligns with your goals — no upfront costs, just delivering on outcomes for qualified projects.

If you’re a CEO or CFO contemplating an expansion, schedule a free 30-minute consultation or quick NMTC eligibility assessment today. Together, let’s turn this mega round into your company’s developmental milestone — contact me directly on LinkedIn or visit our new website.

#NMTC #IndianaManufacturing #Reshoring #EconomicDevelopment #SmallBusinessFinancing #TIF #NortheastIndiana #Strategus