IndyPartnership, the not-for-profit that markets central
The parties also agreed to carve out a separate economic development organization for
CICP will be responsible for fundraising for the
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.”