The legislation comes in response to a state proposal to withdraw as much as 100 million gallons of water per day from aquifers connected to the Wabash River for the LEAP Research & Innovation District in Boone County.
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.
The LEAP Research and Innovation District under development near Lebanon represents a shift in the way the Indiana Economic Development Corp., the public-private state agency overseeing the project, is working to attract companies and create jobs.
The IEDC has faced its share of criticism. But as I reflect on these trials in the face of all that we’ve achieved, we are championing the future for all the right reasons.
Among the updates are a boost in annual funding for venture development in partnership with venture firm Elevate Ventures and the creation of a $3 million pre-seed fund.
The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.
The State Budget Committee, which consists of four lawmakers and the state budget director, voted unanimously to authorize the spending, though Democrats on the committee expressed deep reservations about the IEDC’s requests.
The Indiana Economic Development Corp. has faced pushback for proposing a pipeline that would transport as much as 100 million gallons of water per day from Wabash River aquifers to a massive business development in Lebanon.
The state’s job-creation agency says it secured $28.7 billion in new capital expenditures in 2023, a 29% increase over the the previous year. But some of the projects on the list are yet to be announced.
Officials from the Indiana Economic Development Corp. will appear before the State Budget Committee on Tuesday to ask for approval to spend $180 million to lure the multibillion-dollar projects to Indiana.
The Indiana Economic Development Corp. is one of seven sponsors of a two-day event happening against the backdrop of the United Nations Climate Change Conference in Dubai.
Based on data from a newly released report about its first-ever Rally innovation conference, organizer Elevate Ventures likely will trim its programming offerings and schedule fewer simultaneous programs.
The move comes as the Indiana Economic Development Corp. faces pushback for its exploration of a plan to pump massive sums of water from Wabash River aquifers for a high-tech manufacturing district in Boone County.
The move comes as the state explores the feasibility of pumping as much as 100 million gallons of water from Wabash River aquifers for a high-tech manufacturing park in Boone County.
The move comes as the Indiana Economic Development Corp. faces questions about its plan to tap the Wabash River aquifer and withdraw as much as 100 million gallons per day for an advanced manufacturing district in central Indiana.
The group, “Stop the Water Steal,” plans to lead a letter-writing campaign to local and state officials, urging them to stop the pipeline, slow its progress or minimize its impact on community water resources.
The Indiana Economic Development Corp. signed a $3.5 million contract with Southfield, Michigan-based advertising firm Doner Co. to develop the branding initiative.
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.
The Indiana READI program has provided funding for more than 360 economic development projects since it was launched in 2021.
The Indiana Economic Development Corp. is committing a state-record incentive package to the joint venture for the second plant, topping the previous record-setting package pledged for the first plant last year.
