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.
Economic Development
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IEDC launches lending program for small biz
The Indiana Economic Development Corp. said the Legend Fund can help entrepreneurs and small businesses with small loans, typically under $50,000.
New $29M Legend Fund aims to provide more capital to Indiana small businesses
The IEDC said the Legend Fund will give non-traditional lenders an incentive to provide operating capital to Indiana-based businesses. Eligible lenders could have a portion of the loans they issue purchased by the IEDC, freeing up capital to support more entrepreneurs and small businesses.
Finkam appoints former Indianapolis deputy mayor as Carmel’s eco-devo chief
Nick Weber’s resume includes stints working for Indianapolis Mayors Stephen Goldsmith and Greg Ballard, as well as late Indiana Sen. Richard Lugar.
Indiana to promote state’s EV industry in trade trip to South Korea
Part of the trip will involve showcasing the state’s growing electric vehicle industry at InterBattery 2024, South Korea’s leading battery exhibition, which is expected to draw about 75,000 attendees and 500 businesses.
State’s effort to attract data centers starting to pay off
At least seven projects have been announced around since the Legislature in 2019 passed an economic development aimed specifically at data centers, which house computers, servers, and related hardware and equipment.
Arts organizations will have a home at Hendricks Live! venue
Community leaders say the 600-seat entertainment venue along U.S. 40, set to open March 9, will make Plainfield a popular regional destination.
Munitions campus planned for Indianapolis, Crane
The American Center for Manufacturing & Innovation in Austin, Texas has announced plans for what it calls a first-of-its kind project that could bring hundreds of millions of dollars in private investment to Indiana.
Caterpillar planning $725M expansion in Lafayette
Caterpillar said the project would help retain the nearly 1,900 employees who currently work at the facility and create another 100 jobs.
TechPoint Mira Award nominees for 2024 unveiled
The annual Mira Awards honor the best in tech in Indiana. Indianapolis-based TechPoint said the record number of entries for two of the key awards underscores the “vibrancy of Indiana’s tech sector.”
Regional collaboration aims to lift city centers
A cooperative of central Indiana communities wants to expand the impact of Main Street via walkable districts to attract residents and boost innovative development.
Growing Boone County needs varied housing options, study says
The big questions are whether the county is ready for projected growth and how its communities need to prepare for the LEAP Research and Innovation District.
IEDC hopes to woo businesses, site selectors during All-Star weekend
The approach from the Indiana Economic Development Corp. is similar to those taken for prior events such as the Indianapolis 500, the 2022 College Football Playoff National Championship game and the 2021 NCAA Men’s Basketball Final Four.
Booming bourbon industry has Kentucky leaders toasting record growth
Kentucky’s bourbon industry pumps $9 billion into the Bluegrass State’s economy each year, creating more jobs and attracting more tourists than ever before, according to a study released Tuesday.
Meta to build $800M data center, add 100 jobs in Indiana
The 700,000-square-foot facility will be the company’s 22nd data center in the world and 18th in the United States.
Local leaders tour Singapore for White River inspiration
A 26-person contingent comprising state and city officials, not-for-profit leaders and business executives traveled to the tiny city-state Nov. 14-17 to study how the nation has developed land along its waterfront.
Mindy Taylor Ross pairs artwork with civic, corporate and residential clients
Mindy Taylor Ross Ross made her name as the curator of public art in Indianapolis.
Letters: State should take trails efforts to next level
Trail-building in Indiana has become so extensive that it has evolved into being a component of multimodal transportation—and not just recreation.
City’s top economic development leader exits for private company
Scarlett Andrews’ exit leaves Indianapolis Mayor Joe Hogsett’s administration without a deputy mayor of economic development at the start of his third term.
IEDC, Indiana startups headed to CES show in Las Vegas
This will be the third straight year the Indiana Economic Development Corp. has attended the splashy CES tech trade show in Las Vegas. But this year, it will be bringing some special guests to provide first-hand accounts of the state’s startup-friendly culture.