State considers adding LEAP districts beyond Lebanon
Officials are eyeing a few commercial and industrial parks they believe could benefit from the model that puts the state in charge of acquiring land and master-planning a site.
Economic Development
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IEDC planning second Global Economic Summit
Happy with the results from its first-ever Global Economic Summit in May 2022, the Indiana Economic Development Corp. has lined up dates for a second one.
City officials not yet embracing new downtown-tax-district option from state
The Republican-dominated Legislature has given the city a way to raise money for downtown’s post-pandemic revitalization, but there appears to be little chance that Democratic city leaders will pursue it before the November city election.
State budget panel weighs risks of additional $200M in IEDC requests
The quasi-public agency behind a mammoth innovation district reassured budget experts Thursday on the risks it’s taking to win competitive business investments and speedily close those deals.
IEDC’s funding requests for major LEAP District projects approved
The Indiana Economic Development Corp. received the green light Thursday to spend $122 million to purchase roughly 1,000 acres of land as part of an incentive package to lure a global semiconductor manufacturer to central Indiana.
Cash infusion could help Warsaw retain ortho hub
State lawmakers have earmarked $30 million in the 2023-2025 budget for an orthopedics-retention initiative.
Compounding pharmacy moving from Carmel to Fishers, plans 50 new jobs
Pure Pharmacy plans to spend about $4.5 million to lease and equip about 21,000 square feet near the Indianapolis Metropolitan Airport, Fishers officials said.
Task force to study Indiana land use for economic growth, farmland protection
The committee will study growth trends in rural, suburban and urban communities, food security issues, factors that developers consider in siting projects and ways in which communities can overcome barriers to attract appropriate economic development.
UPDATE: Fishers announces plans for $122.5M in new downtown developments
The projects include a $90 million age-restricted luxury apartment building and a $32.5 million “urban village” that will be anchored by a new headquarters for an Indianapolis-based multifamily developer.
Nucor to add $115M manufacturing plant, 200 jobs in Indiana
The facility will support the steelmaker’s recently established Towers & Structures business unit, which manufactures a variety of utility structures, including engineered poles, light-duty poles and substation structures.
Indiana chosen for $3B electric vehicle battery plant, 1,700 jobs
General Motors and South Korea-based Samsung SDI announced Tuesday that they have selected a 656-acre site in New Carlisle to build the plant, which could become operational by 2026.
Netherlands-based NewCold plans $150M expansion in Lebanon
NewCold said the expanded facility at Lebanon Business Park will be the largest automated cold storage building in the United States.
GM to spend $632M on Fort Wayne Assembly plant upgrades
While no new jobs are being created, the company said the move will help retain the nearly 4,000 employees at the northeast Indiana facility.
Majority of wages in Indiana’s counties lag national average
Private employees in all but one Indiana county make less than the national average wage, according to an analysis of employment data from the U.S. Bureau of Labor Statistics.
Portions of Monument Circle, Georgia Street to become pedestrian-only
Indianapolis Mayor Joe Hogsett on Wednesday announced plans for a four-month closure to vehicles in a quadrant of Monument Circle and a pedestrian-focused redevelopment of Georgia Street.
Techstars incubator selects 13 companies for sports accelerator
Indiana is hoping to use Techstars, as well as the recently launched SportsTech HQ organization, as a springboard to attract more sports-focused businesses to the state.
State slots $89M for 5,000-seat arena at IU Indy
Amid the ongoing restructuring of IUPUI—both its leadership and its future as a campus solely within the Indiana University system—state and local officials are in the early stages of a project that could have big implications for downtown: an on-campus arena.
Holcomb to make 15th international business-development trip
Indiana Gov. Eric Holcomb and Indiana Secretary of Commerce Brad Chambers plan make their third economic development trip to Europe in just over a year, his office announced Thursday.
2023 Innovation Issue: Indiana is primed to reshape the agbioscience industry
The state’s strength in agriculture, plus partners like Purdue University and AgriNovus Indiana, combine to make Indiana a competitive place for generating and attracting ag-related technology and innovation.
IEDC using helicopters to show off ‘mega-sites’ for Indy 500 weekend
The Indiana Economic Development Corp. is rolling out the red carpet for businesses eying sites in central Indiana as part of a strategy centered on the pageantry of the Indianapolis 500.