A campaign launched last week by a Windsor, Ontario-based economic development organization is targeting small- to medium-sized tech companies in Indiana and three other midwestern states. The goal is to get them to expand or relocate into Windsor.
InoBat Auto, a Slovakian company that launched in 2019, said Thursday that it plans to open battery R&D and production sites in Indiana, in partnership with New York City-based Ideanomics Inc.
The IEDC has contributed $3.4 million toward creating the Indy Innovation Challenge, to encompass both the Indy Autonomous Challenge and potential future competitions focused on performance automation technology.
Founded in 2018 as Parcel Optimization Technologies LLC, ShipSigma said the new jobs will offer an average wage of nearly $42 per hour.
UKG, which offers an online platform for human-resources tasks like payroll and scheduling, expects to increase employment in Indianapolis to more than 500.
Experts say Indiana can’t take its foot off the proverbial gas; state economic development leaders say they are moving in the right direction.
The program, offered through the Indiana 5G Zone, will offer established businesses matching grants of about $200,000 to help accelerate the commercial application of 5G technology.
While discussions about opportunities for improvement are important, they should also be framed in context of relative strengths. Indiana is strong and getting stronger.
Indiana Gov. Eric Holcomb and Secretary of Commerce Brad Chambers are set to lead an economic development trip to Sweden, the United Kingdom and Monaco at the end of this month to bolster strategic relationships and highlight the state’s industries.
Local officials say the goal is to amass thousands of acres along I-65 between Purdue University and Indianapolis to attract manufacturers of semiconductors, microprocessors and other high-tech components.
The new facility in the 16 Tech Innovation District, the Emerging Manufacturing Collaboration Center, is part collaboration space, part learning lab and part development and testing center.
The trip also will include a humanitarian component tied to Russia’s invasion of Ukraine.
Filmmaker Angelo Pizzo, Rep. Bob Morris and lobbyist Tony Samuel explain how an underdog proposal to attract movie business became a new law.
Eligible productions could include film, television, music or digital media. State Rep. Bob Morris (R-Fort Wayne) said the legislation could make Indiana a leading state for film and media production.
Local and state officials learned in January that several projects included in plans awarded grants just a month before might now be ineligible because of rules attached to the funding.
The measure heads to Gov. Eric Holcomb, who made modernizing the state’s economic development toolkit a top legislative priority and is expected to sign the bill into law in an effort to help the state be more nimble when recruiting new business.
House Ways and Means Chairman Tim Brown, R-Crawfordsville, said the reworked Senate Bill 361 now does a lot more to ensure the involvement of local stakeholders in decisions made by the Indiana Economic Development Corp.
Members and supporters of The Startup Ladies, an Indianapolis company that supports female entrepreneurship, sent an open letter to Elevate Ventures detailing their concerns that Elevate marginalizes female founders.
Despite Indiana’s economic development successes, industry experts say the state must do more to attract multibillion-dollar megadeals like ones other states have recently landed.
Senate Bill 361 would make it possible for the Indiana Economic Development Corp. to create districts across the state to capture sites for large-scale economic development projects.
