`

UPDATE: IndyPartnership to retain brand, mission

April 19, 2007

IndyPartnership, the not-for-profit that markets central Indiana to prospective businesses, will keep its brand name and sales mission in a merger its board approved today with Central Indiana Corporate Partnership, another non-profit that represents CEOs of Indiana’s largest corporations.

The parties also agreed to carve out a separate economic development organization for Marion County, said CICP chief executive Mark Miles.

CICP will be responsible for fundraising for the Marion County organization so that corporate donors won’t be approached to fund both IndyPartnership and the new Marion County organization, Miles said. The ratio of the funding split between IndyPartnership and the Marion County group has been set, but he wouldn’t release details.

Specifics of today’s IndyPartnership vote were not released.

The agreement follows discussions among leaders of IndyPartnership and CICP for nearly a year.

Miles said his board will vote on the merger April 24.

 

“This falls into the ‘better-late-than-never’ category,” he said. “Some thought it would never get done.”

Once the merger is ratified, CICP will be the parent of three of the state’s highest-profile business development initiatives: BioCrossroads, which promotes life science firms; Techpoint, which concentrates on information-technology companies; and a still-unnamed initiative to promote the advanced manufacturing, distribution, transportation and logistics sectors.

Miles said the participants in the merger are eager to move beyond the need to focus on structural overhaul. They’re ready to focus exclusively on the day-to-day business of economic development.

“I feel like we’re at the starting line. I wish we’d been there six months ago,” he said. “Now we can integrate, and look for the improvements we envisioned.”

Source: XMLFULL/XMLFull1367.xml
ADVERTISEMENT

Recent Articles by IBJ Staff

Comments powered by Disqus