Westfield seeks state support for taxing district near Grand Park
The city will need state legislators to amend existing rules for professional sports and convention development areas for one to be created at Grand Park Sports Campus.
Economic Development
-
State’s big, bold LEAP District play draws some reflection
The state has spent more than $690 million so far establishing the LEAP Research and Innovation District. Outgoing economic leaders say the project is a huge success, but some political leaders are cautious.
Read More -
Economic development overhaul gives Mayor’s Office more control
The plan is meant to streamline discussions among the city, existing businesses and companies considering Indianapolis for expansion or relocation.
Read More -
Boone County prepares for development at quiet I-65 interchange
County leaders are working to create the 65/47 Economic Development Area, the first step toward spurring business and residential development.
Read More -
Sculpture at Elanco campus expected to make a splash for public art
“Water in Dripping, River,” a stainless steel sculpture by Chinese artist Zheng Lu, is an $846,000 project that will set a new standard for works financed through the Public Art for Neighborhoods ordinance.
Read More
Articles
Indiana Sports Corp. seeks new round of funding through state bid fund
The Indiana Sports Corp. has already allocated most of the $10 million total it received for 2023 and 2024 for the Indiana Sports & Tourism Bid Fund, which it administers on the state’s behalf.
Trump says 25% tariffs on Canada, Mexico coming Feb. 1
President Trump also signed a directive telling federal agencies to conduct a 30-day review of how they can help to lower the costs of housing, health care, food, energy and home appliances as well as finding ways to bring more people into the workforce.
While Indiana attracts more data centers, legislators look to add guardrails
In the last year, multiple Big Tech companies have announced four major Indiana developments totaling more than $14 billion, prompting state lawmakers to look for ways to address the intense energy demand.
CHIPs act to ramp up U.S. semiconductor production, but at a high cost, report finds
The government subsidies behind the expected chip manufacturing boom mean that each job created will cost taxpayers about $185,000 a year–twice the average annual salary of U.S. semiconductor employees, the report found.
Biden signs executive order aimed at growing AI infrastructure in U.S.
The order on artificial intelligence seeks to ensure the infrastructure needed for advanced AI operations, such as large-scale data centers and new clean power facilities, can be built quickly and at scale in the United States.
Lawmakers propose transparency measures for Indiana Economic Development Corp.
The agency has been subject to criticism resulting from its handling of the LEAP Research and Innovation District in Boone County.
Commerce chief David Rosenberg to lead IU biosciences accelerator in Indy
Known as IU LAB and supported by a $138 million grant from the Lilly Endowment, the IU Launch Accelerator for Biosciences will be based at the 16 Tech Innovation District.
New Wabash watershed study finds supply should meet demand with proper management
The findings are consistent with a statewide water study released in August that concluded Indiana has a “plentiful” but unevenly distributed water supply.
IEDC, Hoosier startups headed to CES trade show in Las Vegas
The Indiana Economic Development Corp. has selected eight Indiana startups to accompany the organization to CES, the major consumer electronics trade show being held next week in Las Vegas.
New bills seek to sever state business ties to companies in adversarial countries
The two bills are focused on reducing the influence of countries potentially posing a threat to the United States and Indiana.
2024 Newsmaker: Lilly CEO David Ricks
Ricks—IBJ’s newsmaker of the year in 2023—returns to the newsmaker list in 2024 after a year that included a stock price that skyrocketed to an all-time high of $972 and announcements about big new investments in Lebanon and Ireland.
2024 Newsmaker: U.S. Sen. Todd Young
Two years after U.S. Sen. Todd Young, R-Ind., co-authored the CHIPS and Science Act, Indiana is reaping big rewards.
2024 Year in Review: High-tech plants drive IEDC’s record-breaking year
Two major announcements were Eli Lilly and Co.’s additional $9.8 billion investment into its LEAP Research and Innovation District campus and SK Hynix’s $3.87 billion semiconductor packaging facility at the Purdue Research Park in West Lafayette.
2024 Year in Review: Data centers flock to Indiana, draw scrutiny from consumer group
A string of Big Tech companies announced plans this year for large-scale data centers around the state, prompting pushback from a consumer advocacy group that is concerned about the amount of electricity these facilities will consume.
LEAP district developments among year’s top tech stories
The ongoing progress to develop the planned LEAP Innovation and Research District, a 9,000-acre tech park in Boone County, was among the top local tech stories of 2024.
Feds finalize deal to give SK Hynix $458M for West Lafayette facility
The chip manufacturer announced plans in April to open a 430,000-square-foot building spanning 90 acres in the second half of 2028.
State approves $60M for LEAP District development for Lilly, Meta projects
The state will eventually recoup much of that investment when LEAP land is sold to tenants, officials from the Indiana Economic Development Corp. said.
Purdue, Sports Tech HQ joining forces to help startups, create career opportunities
Purdue can offer research and technical expertise that sports tech companies may need as they develop their products. Likewise, these companies may create internships and job opportunities for Purdue students and graduates.
Holcomb, IEDC cap off year with record $39.1B in expected private investments
The investment total continues a trend of record-breaking years for the IEDC. The state has improved its annual total every year since Gov. Eric Holcomb took office (with the exception of 2020 due to the pandemic.)