Carmel-based logistics firm plots exponential growth
Koola Logistics received approval from the Indiana Economic Development Corp. for $4.25 million in conditional EDGE tax credits to expand their payroll to 250 by the end of 2026.
Indiana Economic Development Corp.
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Conexus launching network aimed at hardtech innovators
In a switch from its original focus, the Hardtech Innovators Network will seek to help those who actually do the hands-on design, engineering and innovation work at Indiana companies.
AI expert Tia White rounds out Rally conference keynote lineup
Amazon Web Services executive White joins a speaker lineup that includes Alex Rodriguez and Marcus Lemonis.
Indianapolis-based IT firm plans major expansion, adopts new name
Indianapolis-based information technology firm Sondhi Solutions has rebranded as Exos Cos. and plans to add 250 new employees by the end of 2028.
Indiana sees $1.6B impact from Regional Cities Initiative, study finds
The Indiana Regional Cities Initiative aimed to encourage neighboring communities in Indiana to work together to develop plans focused on “quality of life” that would make Indiana a more attractive place to live, attract and retain skilled workers.
State government buildings get new signs at cost of $820,000
Two of the buildings bear the new Indiana Economic Development slogan: Indiana For the Bold. Not all of the cost was taxpayer money.
HR-tech firm UKG eliminating 2,200 jobs, including some in Indianapolis
UKG informed employees earlier this week that it was cutting about 14% of its workforce so the company could “aggressively focus on critical areas of growth.”
‘Innovation orchestrator’ boosts Indiana’s economic development
Behind many of the state’s aspirations is a not-for-profit helping to craft its strategies, funnel federal dollars to high-value sectors and provide industry expertise needed to persuade companies to invest in Indiana.
Vouchers help startups turn small ideas into big ones
Startups, small businesses and entrepreneurs who have an idea with commercialization potential can tap into a system of state funding and support through a research-focused grant program.
IEDC announces $27.1B in pledged investments so far in 2024
This year-to-date total investment figure nearly eclipses last year’s total, which was a record of $28.7 billion.
IEDC receives state approval for $88M in additional LEAP district funding
The Indiana Economic Development Corp. received the financial greenlight Tuesday afternoon to buy 1,400 more acres of land in Boone County for the LEAP Lebanon Innovation District and make more infrastructure improvements.
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.
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.
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.
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.
Chip maker SkyWater cancels plans for Indiana plant—at least for now
Skywater Technologies had been expected to invest $1.8 billion in a plant at Discovery Park District at Purdue University, but the company said then the deal was contingent on funding from the CHIPS and Science Act.
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.
Indiana Finance Authority expands water study that includes LEAP data
The state agency took over the study in November after skepticism mounted over a proposal to pump millions of gallons of water daily from Tippecanoe County to a massive high-tech park planned in Boone County.
Online marketing firm Pneuma planning to relocate from Denver to Fishers
Online marketing firm Pneuma Media LLC plans to hire 26 people over the next five years, the company announced Tuesday.