Indiana has more damage from excess moisture than any other agricultural state, according to the U.S. Department of Agriculture. Purdue University estimates losses to the state’s corn and soybean crops at $300 million and $200 million, respectively.
Regulations that went into effect July 1, 2014, allow Indiana businesses to solicit capital from rank-and-file Hoosiers in increments of $5,000 or less per investor. The main stipulation: Both the business and the investor(s) must be Indiana-based.
Indianapolis-based PactSafe, a legal-tech startup launched this year by a former Taft Stettinius & Hollister LLP attorney, raised $880,000 in its seed round and was accepted into a competitive Silicon Valley accelerator.
For businesses looking for small offices, Fishers is practically booked up. The demand for office spaces of 5,000 square feet to 10,000 square feet has ramped up recently in the fast-growing suburb, but supply hasn’t kept pace.
The Federal Home Loan Bank of Indianapolis, commonly known as a private-sector bank for banks, announced July 17 that it awarded $10 million in affordable-housing grants in Indiana and Michigan, including two $500,000 grants for projects in Indianapolis.
Gov. Mike Pence and Sen. Joe Donnelly are asking the U.S. agriculture secretary to declare 53 of Indiana's 92 counties disaster areas because of crop damage and losses caused by flooding and excessive rain.