TechPoint exploring launch of AI-focused networking group
TechPoint has secured a $50,000 cash prize from the U.S. Small Business Administration to help with this effort.
Economic Development
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Big Tech keeps spending billions on AI, mostly for new data centers
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.
Toyota to spend $1.4B to add EV production at Indiana plant
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.
Baseball star Alex Rodriguez announced as Rally conference speaker
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.
Holcomb talks final months, National Guard border shooting, trip to Mexico
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.
Spark on the Circle to return this year with some changes
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.
How the SK Hynix project came together—and another fell apart
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.
Central Indiana nabs $45 million in READI 2.0 funds
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.
Indiana allocates $500 million in READI 2.0 funding
Fifteen regions will share in $500 million in funding from the second round of the Regional Economic Acceleration and Development Initiative.
Governor, IEDC to announce READI 2.0 grant allocations
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.
Semiconductor chip maker plans $3.9B plant, up to 800 jobs in Indiana
In return, the state is offering an incentive package of almost $700 million, making it the largest economic development deal in Indiana history.
Major economic development announcement set for Purdue
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.
Lafayette-based co-working group offering entrepreneur training in Indianapolis
The seven-week program, called MBXax, covers topics including sales and marketing, business models, product/market fit and go-to-market strategies.
Governor, IEDC announce record-setting $20.7B first quarter in commitments
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.
Airport hotel still under study, but gets $57M budget cut
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.
Business personality Marcus Lemonis to speak at 2024 Rally conference
Rally, which debuted last year, is designed to bring together entrepreneurs, investors, policymakers and educators from a variety of business sectors.
Legislation that would reel in IEDC likely to return in 2025
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.
Indianapolis eyes strong weekend traffic from early-round NCAA games
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.
Candidate Chambers pitches 10-point economic development plan
Former Indiana Secretary of Commerce Brad Chambers, one of six Republicans running for Indiana governor, unveiled his “Play to Win” plan on Monday.
Bill limiting land buys by ‘foreign adversaries’ goes to governor
Some critics worry the bill would compromise economic development deals in the works, but it passed easily.