Articles

IEDC to launch Web site to match startups with suppliers, vendors

For Indiana’s life sciences companies to flourish, they need to get better at romance. Helping companies meet, greet, date
and deal is the idea behind a new Web portal being built by the Indiana Economic Development Corp. to match startups with
in-state vendors, suppliers, investors or people who can help them.

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Many of state’s new jobs are at call centers

The state’s economic development leaders have been touting 2007 as a banner year that brought commitments for more than 22,000
new jobs, including positions in manufacturing, logistics and life sciences. But almost 20 percent of the announced jobs would
be in call centers–jobs that typically pay near or below the state’s $35,000 average annual wage.

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State ads try to lure Illinois, Michigan businesses

Indiana’s friendly economic development rivalry against Michigan and Illinois is heating up. Confident that its business costs
are lower, Indiana has begun a six-month advertising campaign designed to attract companies across the state line.

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Biz interests scored legislative wins

The Indiana Economic Development Corp. did OK in the just-completed legislative session. IEDC received $96 million it can
now dole
out as business grants. And lawmakers had authorized tax credits worth millions more for the commercialization of new…

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Indiana turns up schmoozing efforts

Economic development officials say networking is the first step in a process that, when successful, leads to industrial plant
expansions and company headquarters relocations. Travel, food, gifts and entertainment, they argue, are a necessary cost of
attracting jobs to Indiana.

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State’s venture capital incentive seldom used

Since the inception of the state’s Venture Capital Investment Tax Credit in late 2003, investors have claimed only about one-third of the $37.5 million in credits available, according to an IBJ analysis of the program.

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