Chipmaker Intel, eyed for billions in U.S. grants, set to fire 15,000 workers
The layoffs are a troubling sign for the Biden administration’s multibillion-dollar plan to rebuild the U.S. chip manufacturing industry.
Economic Development
Articles
Holcomb hints at more possible trade trips in final months as governor
After spending the last week on a trade trip in Australia and Singapore, Indiana Gov. Eric Holcomb told reporters he plans to “maximize” his final months in office.
Holcomb heading to Australia, Singapore on economic development trip
Indiana is home to 32 Australian businesses and two Singaporean-owned businesses, and several Indiana-based companies do business in either Australia and Singapore, or both.
AgriNovus report details agbioscience sector growth opportunities
The AgriNovus Indiana report quantifies agbiosciences as contributing $22.7 billion to the state’s gross domestic product. It also identifies several key areas of opportunity for growth in this sector.
AI expert Tia White rounds out Rally conference keynote lineup
Amazon Web Services executive White joins a speaker lineup that includes Alex Rodriguez and Marcus Lemonis.
Indiana 250: Katie Culp
Katie Culp is CEO of KSM Location Advisors, which is accounting firm Katz Sapper & Miller’s site selection and incentive consulting practice.
Indiana sees $1.6B impact from Regional Cities Initiative, study finds
The Indiana Regional Cities Initiative aimed to encourage neighboring communities in Indiana to work together to develop plans focused on “quality of life” that would make Indiana a more attractive place to live, attract and retain skilled workers.
Indianapolis to host global semiconductor conference
The first semiconductor-focused conference of its kind in the Midwest will convene industry leaders and public officials in Indianapolis in 2025, the governor announced Tuesday.
Technology hubs embraced as catalyst for growth
The CHIPS and Science Act is starting to tackle its goal of fueling domestic innovation and high-tech manufacturing in the areas of microelectronics, biotechnology, artificial intelligence and more, in Indiana and nationwide.
Nate Feltman: Indiana has had some fireworks in the first half of the year
Eli Lilly and Co., Caitlin Clark and the Indiana Fever, the IUPUI split and other big stories have kept the newsroom busy in 2024.
Elevate Ventures announces finalists for $1 million IN-Prize pitch contest
For this year’s contest, 10 of the 25 finalists are Indiana-based startups. In last year’s contest, only two finalists were based here.
Indiana’s Heartland BioWorks Hub to receive $51M in CHIPS Act funding
Indiana’s Heartland BioWorks Hub was one of 12 hubs chosen to split $500 million in implementation funding stemming from the CHIPS and Science Act.
Pittsboro concrete plant proposal stalls after community pushback
Greencastle-based Cash Concrete Products Inc. wanted the town to annex a largely rural plot of land for the plant, but residents questioned its potential effect on well water, local growth and quality of life.
‘Innovation orchestrator’ boosts Indiana’s economic development
Behind many of the state’s aspirations is a not-for-profit helping to craft its strategies, funnel federal dollars to high-value sectors and provide industry expertise needed to persuade companies to invest in Indiana.
Water withdrawals in decline in Indiana’s north-central region, agency reports
The Indiana Finance Authority, at Gov. Eric Holcomb’s behest, assumed control of an Indiana Economic Development Corp. water study connected to development of the controversial LEAP district.
Fishers approves incentives agreement for pharmaceutical logistics company
A Philadelphia-based company involved in drug delivery and logistics is working with the city of Fishers on an economic development deal that could result in a $40 million investment and 350 new jobs.
Young, other lawmakers from Indiana urge U.S. to give SK Hynix funding from CHIPS act
SK Hynix is planning to build a $3.87 billion semiconductor packaging facility at the Purdue Research Park in West Lafayette.
IEDC announces $27.1B in pledged investments so far in 2024
This year-to-date total investment figure nearly eclipses last year’s total, which was a record of $28.7 billion.
IEDC receives state approval for $88M in additional LEAP district funding
The Indiana Economic Development Corp. received the financial greenlight Tuesday afternoon to buy 1,400 more acres of land in Boone County for the LEAP Lebanon Innovation District and make more infrastructure improvements.
IEDC seeks to purchase 2,500 more acres in Boone County for LEAP project
The IEDC is asking the state committee to allow it to redirect $88 million that had been approved for a previous project and use it to acquire more land and make infrastructure improvements in the LEAP Lebanon Innovation District.