Purdue preparing for SK Hynix arrival
The university’s leaders are hard at work laying the groundwork to make South Korean chip manufacturer SK Hynix’s U.S. expansion in West Lafayette a success.
Economic Development
Articles
Consumer group calls for moratorium on new electricity-guzzling data centers in Indiana
Citizens Action Coalition of Indiana said the huge new data centers planned in the state could lead to skyrocketing utility bills while providing few jobs relative to their energy consumption and the incentives they receive.
Holcomb heading to Greece on latest trade trip
Indiana Gov. Eric Holcomb is scheduled to lead a trade delegation to Athens in a trip organized by the Council of State Governments.
Brazilian company plans $400M plant in Lafayette
Sustainea and Primient said the plant would be the largest facility of its type in the United States.
Goals unmet, Infosys tight-lipped about future of campus
The company’s west-side, three-story, 160,000-square-foot building near Indianapolis International Airport, is more eye-catching than the airport parking lot that previously occupied that spot. But Infosys isn’t talking about what it is or isn’t doing at the site.
Elevance Health to make $11.9M expansion in Indianapolis, add 230 jobs
Elevance said it plans make its investment at two locations: its headquarters at 220 Virginia Avenue and another site at 4740 Victory Lane on the southeast side.
McCormick seeks to ‘reform’ IEDC as part of economic development plan
Jennifer McCormick, the Democratic candidate for governor, released a set of economic development policy goals Thursday morning that call for “reform and increased transparency” in the Indiana Economic Development Corp.
House OKs permit exemption for semiconductor projects, sending bill to Biden
The U.S. House approved legislation on Monday that would address concerns that environmental reviews and lawsuits will delay construction of domestic chip factories.
California-based med tech company to relocate to Westfield
PhysioLogic Devices Inc. will change its name to Portal Diabetes Inc. following the company’s move. It plans to employ up to 35 full-time employees by 2028 with an average salary of $135,265 each.
Indiana seizes on opportunities with women’s sports
More than five months after the Indiana Fever drafted Caitlin Clark at No. 1 overall in the WNBA draft, local sports and tourism leaders are eager to further grow the state’s role in women’s sports.
Tourism marketing, cash rewards used to recruit workers to Indiana
Indiana’s increased focus on economic development and upskilling its workforce for the microchip future is getting a boost from some non-traditional sources.
Proposed Citizens LEAP pipeline approved for $325M in state loans
The Indiana Finance Authority approved the loans to support the proposed extension of the Citizens Energy system to provide 25 million gallons of water per day to the LEAP Lebanon Innovation District and surrounding Boone County developments.
IEDC touts record $38.3B in committed investments so far this year
The IEDC said the investments include commitments to create more than 13,000 jobs with an average wage of $37.31 per hour—or about $77,604 annually.
Women-focused $98M sports campus in Indiana to include VIP leadership
The 120-acre project features the involvement of outgoing Indiana Fever President Allison Barber, former Fever star Tamika Catchings and Suzy Kolber, a former anchor and analyst for ESPN.
Southern Indiana microelectronics effort lands $9.5M DoD workforce contract
The contract will likely lead to K-12 microelectronics education and career awareness outreach, Ivy Tech Community College certifications, youth apprenticeship programming, and a regional education and training hub.
Candidates for governor want to seed job growth locally
IBJ asked Republican U.S. Sen. Mike Braun, Democrat Jennifer McCormick and Libertarian Donald Rainwater how they plan to approach economic development and job creation.
Report: Indiana tax system high for manufacturing, life sciences companies, but low for HQs
The Chamber of Commerce study found that Indiana’s total tax burden—state and local—has been consistently less than the U.S. average.
Houston tech company Ohana to relocate HQ to Indianapolis
The company, which plans to create more than 100 jobs over the next five years, could receive up to $3.5 million in conditional tax credits from the state if it meets hiring goals.
Holcomb, Zelenskyy to meet, talk partnership in Ukraine
Indiana Gov. Eric Holcomb is set to become the first U.S. governor to travel to the country since Russia’s invasion more than two years ago.
IEDC to lead trade delegation to Taiwan as state opens economic development office in Taipei
The IEDC said officials will attend SEMICON Taiwan from Sep. 4-6, an event hosted by the international industry association SEMI. That group is bringing an event called SEMIEXPO in the Heartland to Indiana in 2025.