IEDC boosting funding to support entrepreneurism, innovation
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.
Indiana Economic Development Corp.
Articles
Hendricks strikes deal to acquire Circle Centre, plans $600M redevelopment
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.
State Budget Committee OKs nearly $300M in IEDC incentives, LEAP enhancements
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.
State, Lafayette officials say no action on pipeline without completed study, legislative review
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.
IEDC touts record-breaking year for economic development
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.
Indiana courting two advanced manufacturing projects valued at $7.2B
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.
IEDC sponsoring Bloomberg climate talk at COP28
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.
Elevate Ventures planning a slightly slimmed-down Rally conference for 2024
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.
In defiance of IEDC, Tippecanoe County passes ban on large water withdrawals
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.
Tippecanoe County considers moratorium on high-volume water transfers
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.
Governor shifts oversight of LEAP water study away from IEDC
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.
Group forms in opposition to LEAP District water pipeline
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.
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.
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.
Stellantis, Samsung SDI to spend $3.2B on second EV battery plant in Indiana, hire 1,400
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.
Lebanon City Council OKs annexation of nearly 640 acres for LEAP District
Since July 2022, the city has annexed a total of about 7,840 acres for the LEAP Lebanon Innovation and Research District, a planned technology and advanced manufacturing hub.
With $111M investment, Indiana University betting big on microelectronics
Indiana University is partnering with the Naval Surface Warfare Center, Crane Division, to boost the growth of the microelectronics industry in Indiana.
Carmel-based Mesh Systems helps Kraft Heinz develop high-tech sauce dispenser
Carmel-based Mesh Systems worked with the multinational food company on the Heinz Remix, a high-tech machine that allows customers to create customized sauce combinations. In part because of the project, Mesh recently added a 10,000-square-foot lab space.
West Lafayette council declares opposition to water pipeline
West Lafayette City Council members expressed a desire for more research from third parties and greater transparency from Indiana Economic Development Corp. officials, who they said have not approached them about the proposed pipeline.