South Korean company plans $102M recycling plant in Kokomo for EV industry
Jaewon Industrial plans to build a chemical recycling plant in Kokomo to serve the lithium-ion battery and electrical vehicle industry, creating 100 jobs by the end of 2024.
Indiana Economic Development Corp.
Articles
IEDC battles $3M mask lawsuit involving federal sting operation
The Indiana Economic Development Corp. said it was helping federal agents organize an October 2020 seizure of what they said was a counterfeit product. That hasn’t stopped the company from suing the IEDC for the mask shipment’s full purchase price.
Tech consultant eImagine nabs state incentives to hire more Hoosiers
The Indianapolis-based firm has already made progress on its goal of hiring 113 additional Hoosiers by the end of 2026.
Partner in planned Indianapolis battery plant facing financial distress
In June, Slovakian startup InoBat announced it was partnering with New York City-based Ideanomics to build the research, development and manufacturing facility. But Ideanomics now says it’s not sure it will be in business in a year.
Developer behind $22.6M renovation of Mass Ave trustee building secures incentive from IEDC
Indianapolis-based Landmark Properties Inc. has agreed to terms on a $2 million redevelopment tax credit to support the project across from Bottleworks.
Official: IEDC courting $55B in potential deals for Boone County project
A top official for the Indiana Economic Development Corp. said numerous companies are considering major investments in the planned advanced manufacturing and tech hub in Boone County known as the LEAP District.
Lilly to invest another $1.6 billion in Boone County site, add 200 jobs
The expansion will bring Eli Lilly and Co.’s total investment in the project to $3.7 billion, the most the company has ever spent on a single manufacturing site.
Indiana University lays out strategic roadmap in ‘IU 2030’ plan
The blueprint includes campus-specific plans for the university’s six campuses outside Bloomington, including IUPUI, which is set to be renamed IU Indianapolis under a realignment plan.
Chicago startup lands $3.8M in incentives to move to Indiana
Socian has developed a drone that can help gather information from the scene before police arrive. The founder says he was convinced to move to Indiana after having a good experience at an Indianapolis business accelerator program.
Indiana sizing up possible bid for new federal life-sciences hubs
The Advanced Research Projects Agency for Health, or ARPA-H, is looking for cities that can help design biomedical products, enhance clinical trials and bring new health products to market. Winning bidders would land hundreds of jobs.
Lebanon planners approve Eli Lilly manufacturing site in Boone County
The Lebanon Plan Commission voted unanimously Monday to approve Eli Lilly and Co.’s development plan for its two manufacturing facilities in Boone County.
Elevate Ventures launching new multiday innovation conference
The new event, called Rally, will take place at the Indiana Convention Center and feature a $5 million pitch competition, more than 200 speakers, and opportunities for entrepreneurs to demonstrate their innovations and meet individually with potential investors.
IEDC paying premium for farmland for Boone County tech district
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Editorial: IEDC’s big spending in Boone County is investment in Indiana’s future
So far, the public criticism of the land purchases is less about price and more about whether the state should be buying the land at all.
Indiana plans economic development trip to Japan, South Korea
Indiana Secretary of Commerce Brad Chambers is set to lead a delegation next week on an economic development trip to Asia, where the team will promote Indiana’s growing battery, electric vehicle and semiconductor industries.
Indiana group joins forces with Illinois, Michigan coalition on hydrogen hub effort
The program aims to award $7 billion to fund six to 10 hydrogen hub projects focused on the production, processing, delivery, storage and end use of clean hydrogen, with the goal of boosting the nation’s hydrogen economy.
Bill calls for IEDC to inform local officials about big land purchases
The legislation would require the Indiana Economic Development Corp. to notify local officials before purchasing more than 100 acres of land for economic development that is intended to be used for an Innovation Development District.
Indiana gets the nod to proceed with federal hydrogen hub proposal
The Indiana coalition, which received U.S. Department of Energy encouragement to submit a full proposal, is now deciding whether to join forces with other applicants for a better chance of securing a portion of $7 billion in federal funding.
Hospitality industry icon Bruce White, who developed key downtown Indy hotels, dies at 70
White founded White Lodging in 1985 with a single hotel in Northwest Indiana and grew the company into one of the industry’s largest privately held development, ownership and management companies.
Lilly plans to construct 12 buildings at LEAP campus in Boone County
The company’s more detailed plans for the project reveal the 12 buildings would range in size from a 3,200-square-foot visitors center to a pair of three-story, 330,000-square-foot manufacturing facilities.