Two state lawmakers are drafting legislation that would create a permitting process and require a deeper public review of any effort in the state to pump 10 million gallons or more per day from a community’s aquifer. Meanwhile, the West Lafayette City Council is poised to consider a resolution Monday night opposing the IEDC’s plans.
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.
It will be only the second time the event, which attracts about 2,500 entrepreneurs, investors and startup ecosystem builders from around the world, has been held in the U.S. since 2009.
Since July 2022, the city of Lebanon has annexed a total of 7,200 acres for the LEAP Lebanon Innovation and Research District, a planned technology and advanced manufacturing hub of 9,000 acres or more.
National efforts to boost computer chip and electric vehicle production are fueling a bidding war among states, including Indiana, that is driving up the cost and number of so-called “megadeal” incentive packages exceeding $50 million.
The Indiana Economic Development Corp., the state’s job-creation agency, intervened on behalf of the city in an effort to get the lawsuit dismissed.
The trip will mark Gov. Eric Holcomb’s third visit to Japan and 16th international trip as Indiana governor.
Brad Chambers, a late entry into the 2024 governor’s race, is expected to receive strong support from the business community but lacks the statewide name recognition of other high-profile candidates.
But the Indiana Economic Development Corp., which provided $1.5 million for this year’s conference, hasn’t yet decided whether to invest in a 2024 event.
Rosenberg talked with IBJ about the modern economic development landscape, his vision for the LEAP innovation district in Boone County and the rising cost of economic development incentives.
The five winners—three startups from California and one each from Kentucky and Massachusetts—are now eligible for up to $1 million in investment funding, provided they commit to establishing a presence in Indiana for at least a year.
During a panel discussion held in conjunction with Elevate Ventures’ Rally innovation conference, panelists emphasized the need to invest in the people and innovation necessary to advance Indiana’s economy.
The Singapore-based company on Tuesday announced intentions to renovate and equip an existing 150,000-square-foot space just south of downtown Indianapolis to serve as its U.S. headquarters.
At least seven other events are taking place in and around downtown Indianapolis Aug. 28-30, all designed to capitalize on the momentum organizers hope Rally will generate.
Chambers has been considered a possible candidate for the office since mid-July, when he announced he would be stepping down as head of the Indiana Economic Development Corp. effective Aug. 6.
David Rosenberg, chief operating officer of the Indiana Economic Development Corp., replaces Brad Chambers as Indiana secretary of commerce.
The LEAP district planned unit development designation sets development standards for about 6,000 acres of the planned high-tech district in Boone County along Interstate 65 between Indianapolis and Lafayette.
Stitch, a marketing tech consulting firm, can earn up to $3.3 million in state economic incentives if it hires at least 100 Hoosiers by the end of 2027. The company launched last year out of Indianapolis venture studio High Alpha.
The IEDC has acquired thousands of acres of land in Boone County for the LEAP District, a planned advanced manufacturing and high-tech district in the Lebanon area.
The Aug. 29-31 event at the Indiana Convention Center will have 220 speakers, five pitch competitions offering up to $5 million in total prize money, and hundreds of meetings between entrepreneurs and investors representing multiple industries.
