Greencastle-based Cash Concrete Products Inc. wanted the town to annex a largely rural plot of land for the plant, but residents questioned its potential effect on well water, local growth and quality of life.
Behind many of the state’s aspirations is a not-for-profit helping to craft its strategies, funnel federal dollars to high-value sectors and provide industry expertise needed to persuade companies to invest in Indiana.
The Indiana Finance Authority, at Gov. Eric Holcomb’s behest, assumed control of an Indiana Economic Development Corp. water study connected to development of the controversial LEAP district.
A Philadelphia-based company involved in drug delivery and logistics is working with the city of Fishers on an economic development deal that could result in a $40 million investment and 350 new jobs.
SK Hynix is planning to build a $3.87 billion semiconductor packaging facility at the Purdue Research Park in West Lafayette.
This year-to-date total investment figure nearly eclipses last year’s total, which was a record of $28.7 billion.
The Indiana Economic Development Corp. received the financial greenlight Tuesday afternoon to buy 1,400 more acres of land in Boone County for the LEAP Lebanon Innovation District and make more infrastructure improvements.
The IEDC is asking the state committee to allow it to redirect $88 million that had been approved for a previous project and use it to acquire more land and make infrastructure improvements in the LEAP Lebanon Innovation District.
The Indy Chamber hosted 10 mayors from the area Wednesday to discuss economic development at its State of the Region event at the Indianapolis Motor Speedway.
Attendance for the 2023 market was estimated at 475,000 and the market supported more than 150 jobs.
The 245,000-square-foot facility, to be located on nearly 500 acres in the Radius Industrial Park, is expected to create up to 200 jobs by the end of 2032.
The 295,000-square-foot facility will expand Toyota’s Bartholomew County headquarters and will specialize in electric forklift production.
Lilly said the new investment will allow it to hire 200 more workers at the complex, including engineers, scientists, and lab technicians, for a total of 900 full-time workers when it is fully operational.
Park impact fees will now be deposited into an impact fee fund designated by the Carmel City Council, and park impact fee credits provided as a bargaining chip to developers will need to be approved by council members.
The new fund, called the Elevate Ventures Growth fund, will be aimed at companies with a $500 million or greater total addressable market.
Far-off dignitaries and business leaders will gather in Indianapolis this week for the state’s second Global Economic Summit, which begins Thursday.
Elevate Ventures, which occupies a 6,000-square-foot office on the north side of Indianapolis, will relocate to a much larger space at 1 Virginia Ave. within the next few months.
The goal of Sports Tech HQ is to build Indiana’s sports technology sector, in part by luring startups here and helping them connect with the state’s existing sports ecosystem.
Fort Wayne businessman Chuck Surack could give the Indy Eleven access to millions more in capital and new lines of credit, but the mayor’s office is expected to continue its own strategy for landing a Major League Soccer team.
The members are set to meet behind closed doors Wednesday with the man behind Mayor Joe Hogsett’s effort to score a Major League Soccer franchise.
