Google now plans to spend $2 billion on its data center project in northeast Indiana, the tech giant announced Friday—more than double the amount the company said it would originally invest in the development.
TechPoint has secured a $50,000 cash prize from the U.S. Small Business Administration to help with this effort.
The huge investment is pushing up forecasts for how much energy will be needed in the United States in the coming years to run data centers.
Production of a new battery electric vehicle at the plant is expected to result in 340 new jobs by the end of 2025, Toyota announced Thursday.
Business executive and baseball analyst Alex “A-Rod” Rodriguez will be among the keynote speakers at this year’s Rally innovation conference in Indianapolis, organizers announced Tuesday.
Indiana Gov. Eric Holcomb, who is in Mexico on an economic development trip after visiting Brazil earlier in the week, said progress has been made on the trip.
The temporary public park that occupied a quarter of Monument Circle for four months last year is coming back for longer stay this summer in a slightly different location.
The South Korean company’s announcement made waves across Indiana, but so did a decision by Minnesota-based SkyWater Technology to cancel its project at Purdue after not receiving hoped-for federal funding.
Dozens of projects will be considered for funding, including housing and placemaking projects in Bargersville, McCordsville and Martinsville; an amphitheater in Anderson; the Innovation Mile in Noblesville; and the redevelopment of Circle Centre Mall in downtown Indianapolis.
Fifteen regions will share in $500 million in funding from the second round of the Regional Economic Acceleration and Development Initiative.
Fifteen regions representing all 92 counties have submitted proposals for the $500 million program, which the state estimates will generate at least $3 billion in local public and private investment.
In return, the state is offering an incentive package of almost $700 million, making it the largest economic development deal in Indiana history.
No specific details have been disclosed, but Gov. Eric Holcomb, Indiana Secretary of Commerce David Rosenberg and Sen. Todd Young (R-Ind.) are expected to join Purdue President Mung Chiang for the announcement.
The seven-week program, called MBXax, covers topics including sales and marketing, business models, product/market fit and go-to-market strategies.
The IEDC said the first-quarter financial commitments, which came from 45 companies planning to locate or expand in Indiana, ranged from $81,000 to $11 billion apiece.
The cost reduction is part of a redesign requested by the board ahead of an expected vote later this year on whether to begin construction.
Rally, which debuted last year, is designed to bring together entrepreneurs, investors, policymakers and educators from a variety of business sectors.
State Sen. Spencer Deery said he plans to reintroduce similar legislation in 2025. From his viewpoint, the agency has become too focused on big deals that can give it a bad reputation.
This year’s games at Gainbridge Fieldhouse are expected to be of particular interest to local fans, as Purdue University is one of the eight teams making the trip.
Former Indiana Secretary of Commerce Brad Chambers, one of six Republicans running for Indiana governor, unveiled his “Play to Win” plan on Monday.
