Sports Tech HQ initiative lands $4.5M in state funding
The goal of Sports Tech HQ is to build Indiana’s sports technology sector, in part by luring startups here and helping them connect with the state’s existing sports ecosystem.
Economic Development
Articles
Billionaire hoping to ‘move the needle’ on Indy Eleven’s battle with Hogsett administration
Fort Wayne businessman Chuck Surack could give the Indy Eleven access to millions more in capital and new lines of credit, but the mayor’s office is expected to continue its own strategy for landing a Major League Soccer team.
Indy Democratic caucus to meet privately with soccer executive Tom Glick
The members are set to meet behind closed doors Wednesday with the man behind Mayor Joe Hogsett’s effort to score a Major League Soccer franchise.
Indiana life sciences companies raised $5.5B in 2023, new report says
A report issued Monday by BioCrossroads says Indiana life sciences companies saw a decrease in capital and investments last year, but made a significantly higher contribution to the state’s economy than they did the previous year.
With Indy’s soccer future in balance, city to go all-in on MLS
The April 25 announcement that the city is pursuing a Major League Soccer franchise followed more than three months of secret phone calls, emails and other interactions between city leaders, MLS officials and a longtime soccer executive named Tom Glick.
How the city’s negotiations with Keystone over Diamond Chain site broke down
City officials say the decision to walk away from the Eleven Park development was in taxpayers’ best interest. But the Keystone Group says the move was driven by misplaced ambitions and a lack of interest in discussing specifics of the project’s finances.
Indy Autonomous Challenge set to return to IMS with other high-tech programs
The competition between self-driving race cars, featuring 10 university teams from around the world, also will include chances for spectators to interact with drones, robots, augmented and virtual reality and generative artificial intelligence.
IEDC seeks sale of 51 acres at former GM stamping plant site
The Indiana Economic Development Corp, in a request for proposals, said it hopes to sell the property along the White River by the end of September, most likely to a master developer.
New ed-tech accelerator announces its first four participants
The program, a joint effort between Butler University, Indianapolis-based TechPoint and Wisconsin-based gener8tor, offers $100,000 investments to each of the participating companies.
Authenticx, Tenon Software among 2024 Mira Awards winners
TechPoint named its 2024 Mira Awards winners Friday night. The program, which honors achievements in Indiana’s tech sector, recognized 18 winners, including nine from the Indianapolis area.
GOP gubernatorial candidates discuss IEDC, LEAP and how to create jobs
Indiana’s strategy for economic development and job creation has emerged as a key issue in the Republican gubernatorial primary—and the future of the state’s still-developing LEAP district in Boone County could be at stake in the outcome.
Google’s investment in Indiana data center project grows to $2B
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 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.
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.