(CARMEL, IN) – The Indiana Municipal Power Agency (IMPA) is pleased to announce a new Economic Development Incentive for existing and prospective customers. Provided that the customer meets a certain criteria, the program can save companies a percentage off of their electric bill for a 5 year period.
“IMPA is continually looking for opportunities to assist our Members, with their economic development efforts,” said Raj Rao, IMPA’s President and CEO. “Electric costs can be a determining factor for companies while they’re selecting where to improve existing facilities and where to establish new operations. With our competitive rates, hopefully, this new incentive will give our member communities an advantage when marketing their communities
for prospective economic development projects.”
Criteria for qualifying for the IMPA economic development incentive include, but are not limited to:
- Adding a minimum of 1,000 kilowatts at one premise
- Investing at least $1 million at one premise
- Receive significant state and/or local economic development incentives
The Indiana Municipal Power Agency is the not-for-profit wholesale power provider to 60 cities and towns across Indiana and one Ohio community who own and operate the municipal electric distribution systems in their communities. IMPA member communities deliver electric service to approximately 330,000 individuals throughout the state. For more information, visit www.IMPA.com.