Indiana leaders submit application for federal tech hub designation
Indiana is competing with its Midwestern neighbors to land up to $75 million to create one of three tech hubs in the region.
Economic Development
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Upcoming Rally conference sparking additional downtown gatherings
At least seven other events are taking place in and around downtown Indianapolis Aug. 28-30, all designed to capitalize on the momentum organizers hope Rally will generate.
Holcomb taps David Rosenberg to lead state’s economic development agency
David Rosenberg, chief operating officer of the Indiana Economic Development Corp., replaces Brad Chambers as Indiana secretary of commerce.
Lebanon City Council approves special zoning classification for LEAP district
The LEAP district planned unit development designation sets development standards for about 6,000 acres of the planned high-tech district in Boone County along Interstate 65 between Indianapolis and Lafayette.
Boone County is ‘favored site’ of companies looking at Indiana, IEDC says
The IEDC has acquired thousands of acres of land in Boone County for the LEAP District, a planned advanced manufacturing and high-tech district in the Lebanon area.
Indiana Chamber releases 2035 economic vision ahead of schedule
The ambitious vision seeks to advance workforce, education, business climate, infrastructure, quality of place and health initiatives.
Inaugural Rally conference aims to draw innovators
The Aug. 29-31 event at the Indiana Convention Center will have 220 speakers, five pitch competitions offering up to $5 million in total prize money, and hundreds of meetings between entrepreneurs and investors representing multiple industries.
State’s economic development agency seeks incentive funds for $3.2B mystery project
The Indiana Economic Development Corp. is seeking $120 million in performance-based incentive funds for a company planning a new facility that will create 1,400 high-wage jobs, according to the State Budget Committee’s agenda for its Friday meeting.
Little-known not-for-profit boosts Indiana’s economic development agency
Outside organizations donated nearly $3 million to a state economic development agency’s not-for-profit arm over the last three years—but who the donors are, and how the agency spends their contributions are largely unknown.
New TIF renews hope for fading Irvington strip mall
The strip mall was built in 1952 and for years served as a primary retail hub for the neighborhood.
Indiana lawmakers could further dilute state wetlands protections following SCOTUS decision
The Indiana Builders Association said the Supreme Court ruling provides builders and developers “more certainty in the federal permitting process,” and called the decision “a win for common-sense regulations and housing affordability.”
Stellantis to build 2nd U.S. battery plant in venture with Samsung
The new plant is expected to open in early 2027, joining a joint-venture facility in Kokomo that’s already under construction and scheduled to start production in early 2025.
Canadian chemical firm plans recycling facility, 125 jobs in Indiana
Nova Chemicals Corp., a producer of sustainable polyethylene based in Calgary, Alberta, announced plans Tuesday to establish its first mechanical recycling facility, in Connersville, Indiana.
Brad Chambers to step down as secretary of commerce
His departure comes as his two-year contract with the state expires, but it still increases speculation that he is considering a run for governor in 2024.
IEDC opens South Korea office as East Asian nation expands presence in Indiana
The news comes less than a month after South Korea-based Samsung SDI chose Indiana for the location of a projected $3 billion electric vehicle battery cell plant.
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.
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.