U.S. rejects $200M grant to battery maker over alleged ties to China
The company is building a battery plant in Tennessee and was in talks with the Energy Department for a $200 million grant funded through the 2021 infrastructure law.
Economic Development
Articles
What happened to Infosys’ big plans for Indianapolis?
The India-based tech giant broke ground 4-1/2 years ago on what it said would eventually be a $245 million, 141-acre campus. Today, Infosys appears far from achieving that vision—and it’s unclear when, or if, it ever will.
OrthoWorx CEO: State funding to create boost for orthopedics industry
The CEO of orthopedic industry group OrthoWorx says the $30 million appropriation from the state’s new two-year budget has created excitement within Indiana’s orthopedic industry.
Officials hear more calls for deeper look into possible Black graves at bridge project
Architectural representatives at Tuesday’s meeting about the planned Henry Street bridge also presented the preferred design for the project, dubbed “Circle City Gateway.”
4 years into incentives plan for developers, community-building programs emerging
Indianapolis developers receiving tax abatements have committed to providing nearly $5 million to help struggling middle- and low-income families gain access to economic opportunities and become more upwardly mobile.
Purdue, IEDC, Belgian firm partner to advance Indiana’s semiconductor industry
Purdue, the IEDC and Belgium-based Imec announced Wednesday that they have entered into a five-year memorandum of understanding to advance Indiana’s semiconductor industry, with each party providing “significant investment” to the partnership.
Emerging hardtech field offers opportunities
Indiana’s business, academic and economic development leaders see the industry as a huge opportunity for the state.
South Korean company plans $102M recycling plant in Kokomo for EV industry
Jaewon Industrial plans to build a chemical recycling plant in Kokomo to serve the lithium-ion battery and electrical vehicle industry, creating 100 jobs by the end of 2024.
City looks to reduce surface lots while leaving room for commuters
Indianapolis officials want fewer parking lots downtown, reflecting part of a national movement that envisions less reliance on cars, more use of mass transit and a reduction in carbon emissions.
Tech consultant eImagine nabs state incentives to hire more Hoosiers
The Indianapolis-based firm has already made progress on its goal of hiring 113 additional Hoosiers by the end of 2026.
Amazon HQ2 was thought up pre-pandemic, but the world is hybrid now
Amazon first announced its plans for its second headquarters in fall 2018, but the pandemic has thrown them into disarray as white-collar workers traded their commutes for their living rooms.
Official: IEDC courting $55B in potential deals for Boone County project
A top official for the Indiana Economic Development Corp. said numerous companies are considering major investments in the planned advanced manufacturing and tech hub in Boone County known as the LEAP District.
Senate unveils budget with no expansion for school voucher program
The most glaring contrast between the Senate and House proposals is the way in which they intend to expand funding to charter schools.
Indiana-based Oliver Winery planning $12.6M expansion
The winery said new products such as the Melon Mint Moscato, along with its mainstays like Oliver Sweet Red, have fueled the company’s continued growth.
State ‘destination’ agency awards public art, placemaking grants
The Indiana Destination Development Corp., a public-private agency that promotes the state as a place to live and visit, is awarding more than $414,000 to support nearly 40 public art activation and placemaking grants in 26 counties.
Pet food maker announces $200M expansion in Indiana
Pet food manufacturer Blue Buffalo Co. Ltd. plans a 169,000-square-foot addition to boost processing operations and warehouse capacity. As part of the expansion, the company plans to add up to 60 jobs by the end of 2024.
Battery components maker to invest $1.5B in Terre Haute
Oregon-based battery component producer Entek plans to add nearly 650 jobs by the end of 2027.
IEDC paying premium for farmland for Boone County tech district
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Appeals court: State law supports OK for Duke’s $2B economic development plan
Duke Energy will be able to proceed with a nearly $2 billion economic development plan after the Court of Appeals of Indiana ruled a regulatory commission’s approval met the requirements of state law.
Indiana plans economic development trip to Japan, South Korea
Indiana Secretary of Commerce Brad Chambers is set to lead a delegation next week on an economic development trip to Asia, where the team will promote Indiana’s growing battery, electric vehicle and semiconductor industries.