Canadian Solar plans $800M production facility, 1,200 jobs in Indiana
A global developer of large-scale solar power plants and battery storage projects is expanding into southern Indiana, the Indiana Economic Development Corp. announced Monday.
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City board to consider new taxing district for Eleven Park stadium
The taxing district, known as a professional sports development area, or PSDA, would allow for the collection of various taxes to cover a portion of the cost for the 20,000-seat stadium.
Study: Indianapolis Motor Speedway events generated $1B impact over one year
The total economic impact of $1.058 billion found by the months-long study is more than double the figure calculated in a similar study in 2013.
IEDC launches new branding effort: ‘For the Bold’
The Indiana Economic Development Corp. signed a $3.5 million contract with Southfield, Michigan-based advertising firm Doner Co. to develop the branding initiative.
Purdue draws international leaders for semiconductor summit
Purdue is hosting the multiday Silicon Summit, which is the latest in a string of activities and announcements the school has been involved in regarding microchips and semiconductors over the past year and a half.
Citizens Energy seeks to withdraw application to supply water to LEAP District
The move comes five months after the utility company agreed to supply up to 10 million gallons of water to the advanced manufacturing district by 2027.
IU, Purdue to study impact of READI economic development program
The Indiana READI program has provided funding for more than 360 economic development projects since it was launched in 2021.
Old City Hall development is ‘huge opportunity,’ although designs remain in their infancy
Early plans for the $150 million project, known for now as the “Alabama Redevelopment,” call for a 387-foot glass tower containing 190 apartments, 24 condominiums, 150 hotel rooms and 8,000 square feet of retail and hospitality space.
Report: Arts generate more than $500M in economic activity in Indianapolis
A national study by Americans for the Arts lists $151.7 billion of economic activity for the U.S. not-for-profit arts and culture industry.
Purdue launches broadband team to improve internet access in Indiana
The new Purdue Broadband Team, announced Monday, will work with local communities across Indiana to determine where better broadband access is needed and what tools residents and businesses need to deploy internet services.
Where Indiana leads, too many workers don’t follow
As Indiana competes with neighboring states for computer-chip and electric-vehicle production plants, some state leaders remain concerned that Hoosiers are ill-equipped to fill the jobs of the future should those corporations decide to locate here.
China restrictions issued on companies getting chip funds
It’s the last regulatory hurdle before the Commerce Department hands out more than $100 billion worth of federal aid intended to boost domestic chipmaking while containing China’s technological advancement.
Testing shows ‘abundant water’ supply to support LEAP District, state says
Initial findings show that an aquifer connected to the Wabash River contains enough water to support a high-tech manufacturing district in Boone County without depriving the Greater Lafayette region of an adequate water supply, according to the Indiana Economic Development Corp.
UPDATE: Department of Defense awards Indiana $33M for regional innovation hub
Indiana is one of eight states selected for a regional technology and innovation hub that will be part of a federally funded national network of centers supporting domestic production of microelectronics, semiconductor manufacturing and other advanced technologies.
Biotech firm nearing completion of Indy radioisotopes factory
Following a $45 million renovation, RayzeBio plans to use the plant to make Actinium 225, a radioisotope used for targeted therapy for cancer.
Indy Chamber hires marketing exec Matt Mindrum as CEO
Mindrum, who has spent his career in marketing positions at Indianapolis Motor Speedway, Eli Lilly and Co. and Butler University, is set to begin his new job on Dec. 1.
Report: Subaru considering Indiana for electric vehicle production
Subaru CEO Atsushi Osaki told reporters during a meeting in Tokyo that Indiana could become the next location of an electric vehicle production site, Reuters reported.
Ken’s Foods planning $40M expansion of Lebanon facility
The company, which makes salad dressings, sauces and marinades, employs 230 people in Lebanon and expects to add more.
City secures $24M loan from state for ‘confidential’ downtown project
The loan, which was approved by the Metropolitan Development Commission, is expected to be used for “downtown redevelopment efforts.”
Holcomb to lead economic development trip to Japan
The trip will mark Gov. Eric Holcomb’s third visit to Japan and 16th international trip as Indiana governor.