Citizens Energy seeks to withdraw application to supply water to LEAP District
The move comes five months after the utility company agreed to supply up to 10 million gallons of water to the advanced manufacturing district by 2027.
Economic Development
Articles
IU, Purdue to study impact of READI economic development program
The Indiana READI program has provided funding for more than 360 economic development projects since it was launched in 2021.
Old City Hall development is ‘huge opportunity,’ although designs remain in their infancy
Early plans for the $150 million project, known for now as the “Alabama Redevelopment,” call for a 387-foot glass tower containing 190 apartments, 24 condominiums, 150 hotel rooms and 8,000 square feet of retail and hospitality space.
Report: Arts generate more than $500M in economic activity in Indianapolis
A national study by Americans for the Arts lists $151.7 billion of economic activity for the U.S. not-for-profit arts and culture industry.
Purdue launches broadband team to improve internet access in Indiana
The new Purdue Broadband Team, announced Monday, will work with local communities across Indiana to determine where better broadband access is needed and what tools residents and businesses need to deploy internet services.
Where Indiana leads, too many workers don’t follow
As Indiana competes with neighboring states for computer-chip and electric-vehicle production plants, some state leaders remain concerned that Hoosiers are ill-equipped to fill the jobs of the future should those corporations decide to locate here.
China restrictions issued on companies getting chip funds
It’s the last regulatory hurdle before the Commerce Department hands out more than $100 billion worth of federal aid intended to boost domestic chipmaking while containing China’s technological advancement.
Testing shows ‘abundant water’ supply to support LEAP District, state says
Initial findings show that an aquifer connected to the Wabash River contains enough water to support a high-tech manufacturing district in Boone County without depriving the Greater Lafayette region of an adequate water supply, according to the Indiana Economic Development Corp.
UPDATE: Department of Defense awards Indiana $33M for regional innovation hub
Indiana is one of eight states selected for a regional technology and innovation hub that will be part of a federally funded national network of centers supporting domestic production of microelectronics, semiconductor manufacturing and other advanced technologies.
Biotech firm nearing completion of Indy radioisotopes factory
Following a $45 million renovation, RayzeBio plans to use the plant to make Actinium 225, a radioisotope used for targeted therapy for cancer.
Indy Chamber hires marketing exec Matt Mindrum as CEO
Mindrum, who has spent his career in marketing positions at Indianapolis Motor Speedway, Eli Lilly and Co. and Butler University, is set to begin his new job on Dec. 1.
Report: Subaru considering Indiana for electric vehicle production
Subaru CEO Atsushi Osaki told reporters during a meeting in Tokyo that Indiana could become the next location of an electric vehicle production site, Reuters reported.
Ken’s Foods planning $40M expansion of Lebanon facility
The company, which makes salad dressings, sauces and marinades, employs 230 people in Lebanon and expects to add more.
City secures $24M loan from state for ‘confidential’ downtown project
The loan, which was approved by the Metropolitan Development Commission, is expected to be used for “downtown redevelopment efforts.”
Holcomb to lead economic development trip to Japan
The trip will mark Gov. Eric Holcomb’s third visit to Japan and 16th international trip as Indiana governor.
Rally roundup: Photo gallery, pitch contest winners and Manning says he’s a ‘big deal in Omaha, Nebraska’
Indianapolis was the rallying point for a new, multimillion-dollar conference that brought together entrepreneurs, executives, investors and others in Indiana’s strongest industries. Here’s a look at this week’s three-day event, which began Tuesday and wrapped up Thursday.
Q&A with David Rosenberg, Indiana’s new secretary of commerce
Rosenberg talked with IBJ about the modern economic development landscape, his vision for the LEAP innovation district in Boone County and the rising cost of economic development incentives.
TWG’s ambitious Old City Hall proposal chosen over several other bids
A few of other bids were similar to the selected proposal put forth by TWG Development, while others went in a distinctly different direction. Here’s a look at those proposals.
Panel: Indiana must do more to nurture tech talent, innovation
During a panel discussion held in conjunction with Elevate Ventures’ Rally innovation conference, panelists emphasized the need to invest in the people and innovation necessary to advance Indiana’s economy.
Solar energy company plans $35M plant, 240 new jobs in Indianapolis
The Singapore-based company on Tuesday announced intentions to renovate and equip an existing 150,000-square-foot space just south of downtown Indianapolis to serve as its U.S. headquarters.