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Home » Robert Evans III: Compassion, accountability can coexist on the Circle

Robert Evans III: Compassion, accountability can coexist on the Circle

| Robert Evans III
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Recently, I attended “The Monument Knows: Public Conversation No. 2,” a discussion about the meaning and future of Monument Circle, hosted by the Indy Chamber.

Taylor Schaffer, president and CEO of Downtown Indy Alliance, described the monument as Indianapolis’ civic stage, while Sampson Levingston of Through2Eyes spoke about generations of personal stories surrounding it.

As a disabled Army veteran, I connected most strongly with Blaine Zimmerman, chief talent and marketing officer at the Indy Chamber, an Army veteran and Indiana National Guard infantry officer. His comments about what the monument means to veterans made me think less about stone and bronze and more about our obligations to all people who share the public spaces around it.

Inevitably, the conversation turned to the perception that downtown is unsafe. We were reminded that crime is down. But crime statistics do not explain why some people remain reluctant to come downtown.

The problem isn’t simply fear of serious crime. It’s the discomfort we’ve come to expect — and what we’re told to accept — as part of living in a big city: aggressive solicitation, unwanted confrontations, harassment, indecent exposure and behavior families should not have to navigate simply to enjoy the day. Most encounters never become crime statistics.

There is an emperor-has-no-clothes quality to the conversation. Yes, we can point to statistics showing a safer downtown. But that does not mean we should discount experiences that make people feel unsafe. Both things can be true.

Civic and cultural leaders should not dismiss these concerns. They should act. Imagine if women routinely expected men following them and aggressively catcalling them on Monument Circle, or if Black residents expected racial slurs. Would we respond by citing declining violent crime? Of course not. The public would protest, the media would shine its light, and city leaders would be expected to address the behavior. Accountability would be demanded. Why should other forms of harassment simply be accepted?

The same applies to public spaces. How can you enjoy a downtown park with your family when its benches and much of its grounds have become permanent sleeping areas? Public spaces belong to everyone, including people experiencing homelessness. But why have we accepted that compassion requires everyone else to surrender their right to use them?

While living in Chicago, I worked as a case manager serving homeless veterans and, during both of my graduate programs, studied the public policy, legal questions and government responses surrounding homelessness. I understand this issue is complicated and cannot be solved through enforcement alone. But compassion does not require abandoning reasonable expectations for behavior in society.

My wife and I recently moved to one of downtown’s surrounding neighborhoods, where we both work and play. She works for the Indiana Department of Veterans Affairs in the American Legion Mall, helping provide emergency financial assistance to veterans, including those at risk of homelessness. She enjoys biking to work, often before sunrise. Each morning, she has to wonder whether another homeless man will try to follow her into her building, as has frequently happened, or whether she will encounter someone performing an intensely private act in the doorway.

Our solution is painfully ordinary: She FaceTimes me until she is safely inside.

That is not an abstract “perception problem.” It is a woman’s lived experience, and we should believe it.

We can and should help people who are homeless while expecting everyone to follow the same basic rules of public behavior. Monument Circle belongs to all of us. So do our parks, sidewalks and streets. Helping people in crisis and maintaining safe, usable public spaces are not competing values. It should not require everyone else to surrender their right to their city.•

__________

Evans is a public manager and policy analyst whose research focus is civil-military relations in the post-9/11 world.

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Home » Dr. Patrick McGill: Healthy hospitals help drive a healthy Indiana economy

Dr. Patrick McGill: Healthy hospitals help drive a healthy Indiana economy

| Dr. Patrick McGill
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The essential elements for what makes Indiana an attractive place to locate and expand business operations are well known. Access to transportation and utility infrastructure, quality schools and a workforce with the right skills are at the top of any list — but one factor sits at the intersection of human capital, productivity and quality of life: a strong health care infrastructure.

Of course, health care is an expense for employers, which makes affordability an important consideration. Those of us who provide care know how vital it is to address that topic and how critical it is to do so in a holistic way that brings together all the factors impacting cost. But we should not lose sight of the fact that health care itself is an economic engine, one of the state’s largest employers and a powerful contributor to the success of other enterprises.

Start with the direct economic impact. Hospitals are always among the largest local employers in the communities they serve — and often the largest overall. That’s true for Community Health Network, the system I lead, in two Indiana communities: Anderson and Kokomo.

Today, nearly 112,000 Hoosiers make their living in hospital jobs, and the sector indirectly creates about 129,000 more, according to research from the Indiana Hospital Association. Hospital annual payrolls pump $11.8 billion into the state’s economy, and Indiana health care worker spending adds another $12.8 billion in economic activity.

Community Health Network pumps more than $1.5 billion a year into our local communities as our valued team members buy groceries and other items and pay their mortgages or rent. In addition to workers’ direct spending, hospitals and health systems themselves, including Community, are also significant local customers of goods and services.

These kinds of statistics are just part of the story. Health care’s impact as an economic driver goes much deeper than direct jobs and spending, in much the same way good schools and housing are intrinsic quality-of-life factors.

World Health Organization research spotlights health care and its impact on local labor supplies as essential to the functioning of local economies. Indeed, a study published in the Bulletin of the World Health Organization observes that health systems boost economic development “through maintaining a healthy workforce, reducing absenteeism and burnout, promoting productivity and addressing health inequities to enable full economic participation.”

The Indiana Economic Development Corp. tapped into this kind of sentiment this summer when it shared how the Indiana Regional Economic Acceleration and Development Initiative 2.0, known as READI 2.0, supported the opening of the new Margaret Mary Health hospital in Batesville. The state’s announcement explained how READI is all about strengthening regional economies, and the governor stated that the project will create opportunities “that will benefit this region for generations.”

That’s a great way to think about health care: an opportunity-boosting investment in Indiana’s future.

Health systems create jobs, lift local economies and support their communities in ways big and small, direct and indirect. Their overt daily purpose is to deliver care, but their mission is to support health more broadly, which has a higher purpose for serving human capital, improving productivity and raising quality of life. Healthy hospitals create healthy communities, and healthy communities are a vital foundation for a healthy economy.•

__________

McGill is president and CEO of Community Health Network in Indianapolis.

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Home » John Patten: Don’t let Indiana’s data center boom outrun accountability

John Patten: Don’t let Indiana’s data center boom outrun accountability

| John Patten
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Home » Andrew Berger: Health care transparency means fixing drug program

Andrew Berger: Health care transparency means fixing drug program

| Andrew Berger
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Indiana manufacturers employ thousands of Hoosiers and provide the health care coverage their workers and families depend on. But rising health care costs are putting that commitment under strain. When costs climb without clear explanation, it holds our member companies back from growing and investing in high-quality jobs and wages.

Indiana also makes more pharmaceutical products than any other state in the country. As a leader in this globally critical industry, Indiana should demonstrate its willingness to tackle reforms that help businesses, employees and their families in a policy area in which we are so deeply invested as a state.

If lawmakers are serious about making health care more affordable for Hoosiers and all Americans, transparency must come first. That starts with the 340B Drug Pricing Program.

Created in 1992, the 340B program was designed to help safety-net institutions that serve low-income and rural patients by allowing certain qualified organizations to purchase medication at discounted prices. That mission remains important, but the program’s rapid expansion into large health care systems and retail contract pharmacy networks has created an unintended cost burden for employer-sponsored health plans. Now an $81 billion system, 340B still offers limited visibility into how discounts are used or whether the savings are consistently reaching the patients the program was intended to help.

That lack of transparency has real consequences for Hoosier employers and workers. A new 340B Employer Cost Impact Calculator from the National Alliance of Healthcare Purchasers estimates that the program adds $282 per covered life to employer-sponsored health plans in Indiana, totaling more than $331 million annually. For manufacturers competing in a global economy, those are dollars that could otherwise support hiring, workforce training or capital investment.

At its core, the issue is not the intent of 340B. The real issue is the absence of accountability and transparency for how the program is run. There is currently no comprehensive mechanism to track how program savings are distributed, prevent duplicate discounts or confirm that financial benefits are passed on to patients at the pharmacy counter. Without that transparency, employers and patients are left to question whether the program is working as intended.

A growing body of research has pointed to unintended consequences, including incentives for care to shift to higher-cost hospital settings and increased market consolidation that can drive up costs. For Indiana manufacturers already navigating supply chain pressures and workforce challenges, these hidden costs make it harder to stay competitive.

One promising path forward is a federal rebate-based reform model. Under this approach, 340B-eligible hospital systems would still receive the value of 340B discounts, but through a process that verifies eligibility before funds are finalized. This structure would improve visibility and reduce the risk of duplicate discounts while better aligning savings with patient care. Importantly, this model has been developed to maintain cash flow for health systems and hospitals, ensuring that access to care is not disrupted.

This type of reform reflects the simple fact that transparency should benefit everyone. Our workers deserve to know if program savings are lowering their out-of-pocket costs, and our employers deserve clarity on what is driving their health care spending. With reliable data, lawmakers can assess whether the program is actually meeting its intended goals.

Indiana is already making strides to bring greater transparency to 340B. In 2025, the Indiana Manufacturers Association supported Senate Enrolled Act 118, which requires 340B-participating entities to report annually to the Indiana Department of Health on how they use discounted drug pricing to benefit patients and their communities. That data is then aggregated into a public report, giving Hoosier employers and workers concrete visibility into whether the program’s savings are reaching the people it was built to serve. It is a model for the kind of accountability federal reform should follow.

Hoosier manufacturers support practical reforms that hold the 340B program accountable and ensure its savings are directly benefiting patients. With the right updates, the program can continue to serve vulnerable communities while also helping reduce the broader cost burden on employers and workers.

Health care transparency is an essential part of driving down costs. Reforming 340B is a critical step toward a system in which every dollar is accounted for and every intended benefit reaches the patients who need it most.•

__________

Berger is president and CEO of the Indiana Manufacturers Association.

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Home » Lesley Weidenbener: Traffic cones, things to do and a Target wish

Lesley Weidenbener: Traffic cones, things to do and a Target wish

| Lesley Weidenbener
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We’re several weeks out now from IBJ’s special Downtown Issue, which sought to provide readers with an update about downtown development, public safety, homelessness and more.

If you didn’t see the issue, you can peruse the stories online at IBJ.com/downtown and watch interviews with business and community leaders about what they see as the biggest opportunities and challenges for downtown.

As part of the project, we asked readers to tell us their views of downtown — and we received 450 responses to our survey.

We know, of course, there’s nothing scientific about the survey, which we promoted through IBJ emails and social media channels. As I emphasized in a story I wrote about the results, the respondents self-selected, skewed older and were heavily weighted toward people who live or work downtown.

Still, here are a few trends I found interesting in the responses.

• People are really tired of traffic cones and road closures. That was perhaps the most consistent refrain among respondents — and it’s something that didn’t emerge as an issue when we did a similar survey about 3-1/2 years ago. A number of people told us the congestion caused by lane and road closures had kept them from coming downtown and made them more likely to work from home.

I get it. My drive to work from the Garfield Park neighborhood is short, but construction this year has made it difficult. Still, I recognize that growth and development are among the reasons for what can feel like chaos. And so do many of the respondents to our survey.

“The never-ending construction is a pain,” one respondent wrote, “but worth it for the positive changes it is bringing.” I agree.

• Many people think there’s not enough to do downtown. This one surprised me, though I also know it’s easy to overlook options in our own backyard. Downtown is home to White River State Park, which offers the Indianapolis Zoo, the Eiteljorg Museum of American Indians and Western Art, the Indiana State Museum, the NCAA Hall of Champions and options for walking, biking and seeing a concert at the Everwise Amphitheater.

Downtown has professional sports, more than 300 restaurants, several music venues, a comedy club, bowling alley, arcades, live theater venues and a movie theater, plus a few speakeasies and rooftop bars.

There’s plenty to do. I think we just need to take better advantage of what we have.

• People want more places to shop. This I get. There are a number of fantastic shops in the Mass Ave neighborhood (you will see me regularly at the Crimson Tate Modern Quilter shop, for example). And I have spent plenty of money at the TJ Maxx at Illinois and Market streets. But downtown is not a shopping destination — and that can be frustrating for the people who live and work downtown.

Perhaps the least surprising thing in the survey was the chorus of people calling for a Target to be located downtown. I’ve been hearing that refrain for at least a decade, maybe longer.

“We’re missing retail,” said Brandon Cosinteno, who gave us permission to use his name with his comments. “We need a city Target — small version but enough for people who live downtown or visitors [to] get something. We need stores like Lululemon, etc. And we need a Trader Joe’s.”

What struck me most in our survey responses was how many people seem to care deeply about downtown’s future, even when they’re frustrated by its shortcomings. That’s encouraging. And it’s something I hope we don’t lose sight of amid the traffic cones.•

__________

Weidenbener is editor and assistant publisher of IBJ and The Indiana Lawyer. Reach her at [email protected].

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Home » Editorial: Goodrich’s trade trip to Japan should be just the beginning

Editorial: Goodrich’s trade trip to Japan should be just the beginning

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_____ _____

ciboim t.jrjoce tmiwi,T ottedb [email protected] n

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Editorials Opinion
Home » Cecil Bohanon and John Horowitz: Inflation is like a lingering cold with no easy cure

Cecil Bohanon and John Horowitz: Inflation is like a lingering cold with no easy cure

| Cecil Bohanon and John Horowitz
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Economic Analysis Opinion
Home » Pete the Planner: The hard truth behind teaching your kids about finances

Pete the Planner: The hard truth behind teaching your kids about finances

| Peter Dunn
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Investing Column Opinion
Home » Samantha Julka: Step outside your comfort zone and try a ‘prototype’

Samantha Julka: Step outside your comfort zone and try a ‘prototype’

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In the Workplace Opinion
Home » Editorial: This election, don’t underestimate the power of your vote

Editorial: This election, don’t underestimate the power of your vote

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Early voting started this week in Indiana — and state law requires every county in the state to make in-person absentee voting available through noon Nov. 2. Absentee voting by mail is also available to those who qualify, and the deadline for applying is Oct. 22.

And of course, you can vote in person on Election Day on Nov. 3.

With all of the talk recently about voting rules and absentee voting and possible voter fraud, it can be easy to wonder whether it’s worth making the effort to cast a ballot. We say yes. Emphatically yes.

There are races up and down the ballot that will impact decisions being made at government at all levels. It doesn’t always feel that way. We understand that. It can feel like no one is listening, that your vote isn’t going to change anything and that no matter who wins an election, government doesn’t change.

That can be true, of course. If one party holds a supermajority (like the Democrats on the Indianapolis City-County Council, for example, or the Republicans at the Indiana Legislature), flipping one seat doesn’t seem to make an impact.

But we urge voters to think about elections as both a short and long game.

Remember when voter outrage about property taxes led Indianapolis voters to oust then-Mayor Bart Peterson, a Democrat, and replace him with Greg Ballard, then a virtually unknown Republican? That was an immediate impact. That was the short game.

Two decades later, Ballard is running for secretary of state in a race that could determine whether a newly created party, the Lincoln Party, gets a foothold in Indiana politics and automatic access to the Indiana ballot. That wouldn’t likely be happening if voters hadn’t picked him back in 2007. That was the long game.

And this is not about Greg Ballard. We’re taking no position in the secretary of state’s race or any other contest. But that race is an example of where your vote could truly matter. Ballard is facing Beau Bayh, a Democrat whose family name makes him recognizable to many voters; Max Engling, a Republican who is backed by U.S. Sen. Jim Banks and other high-ranking Republicans; and Lauri Shillings, who is trying to win enough votes to maintain the Libertarian Party’s ballot access.

Secretary of state might seem like a minor position, one not worth the millions of dollars being spent on the race. But the Secretary of State’s Office oversees elections as well as regulates the state’s securities industry, licenses auto dealers and oversees the chartering and registration of new businesses and corporate filings.

And of course there are many other races on the ballot. Voters will determine whether judges have the ability to deny bail for more defendants they believe pose a danger to the public. Marion County voters will decide who prosecutes crime in the city. And there are important legislative and congressional battles across the state.

So take some time between now and 6 p.m. on Nov. 3 to vote. We truly believe it’s worth it.•

__________

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Home » Nate Feltman: Mitch Daniels, his new book and the case for impatience

Nate Feltman: Mitch Daniels, his new book and the case for impatience

| Nate Feltman
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_ _________

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Home » Ken Clark: As AI is changing work, young workers need a hand

Ken Clark: As AI is changing work, young workers need a hand

| Ken Clark
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After spending much of my career in technology, I’ve learned to be cautious whenever new technology arrives with predictions that it will change everything overnight. I’ve heard versions of that promise before with cloud computing, big data and the internet of things. Each changed how we work, though rarely in exactly the ways we predicted.

I expect artificial intelligence will follow a similar path. I recently had the opportunity to testify before a U.S. Senate subcommittee examining AI and the future of the American workforce. I shared what we’re seeing here in Indianapolis and made the case for better information to understand where work is changing before disruption becomes displacement.

Right now, there is still a lot we don’t know. In February, 19% of Indiana businesses reported using AI in some part of their operations. We are seeing changes in hiring and job postings, but we don’t yet have enough evidence to confidently separate AI’s impact from broader economic trends.

We may not know exactly what AI will mean for employment yet. We can already see how it is changing the work people do.

We see that happening in health care. Indiana University Health is exploring how AI and automation can reduce the administrative burden on nurses. Technology can help document patient interactions, organize information and prepare visit summaries. That can give medical staff more time to focus on patients and the work that requires their expertise, judgment and empathy.

Technology can take on certain tasks and give people more capacity for the work where their experience and judgment matter most. But what happens when the tasks AI takes on are the same tasks we once gave someone at the beginning of their career?

Researching. Drafting. Reviewing documents. Writing basic code. Analyzing data. AI can complete many of these tasks quickly. They are also the kinds of assignments that have traditionally helped entry-level employees learn how the organization works, build foundational knowledge and deepen their understanding of their industry.

Every experienced professional was once inexperienced. Today’s senior engineer started as a junior employee. Today’s master tradesperson was once an apprentice. Someone gave these professionals an opportunity to learn.

As employers find productive ways to use AI, we need to be equally intentional about how the next generation gets its start.

Work changes. It always has. Businesses will still need experienced workers five, 10 and 20 years from now. As some of the traditional ways people gain that experience change, we need to strengthen others. That makes internships, summer jobs, apprenticeships and other forms of work-based learning increasingly important. It also means those experiences need to begin earlier.

Here in Indianapolis, we are already seeing that shift. EmployIndy works with employers and educators to create work-based learning opportunities that allow young people to explore careers and begin gaining meaningful experience before they graduate. For employers, these experiences are a way to begin developing the talent they will need in the future.

Those early experiences will also need to evolve. AI literacy will become part of that preparation alongside critical thinking, communication, judgment and adaptability.

I am optimistic because we’ve navigated technological change before. Workers learned. Employers adapted. Education changed. New careers emerged. AI will continue to change work. We don’t need to know exactly where that change will lead to start preparing people for it.

Every career still needs a place to begin. Indianapolis employers have an important role in making sure the next generation gets that opportunity.•

__________

Clark is president and CEO of EmployIndy, which serves as Indianapolis’ workforce development board.

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Home » Jay Height: Our children, city need you to vote yes on IPS measure

Jay Height: Our children, city need you to vote yes on IPS measure

| Jay Height
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When I think about Indianapolis Public Schools, it’s not about textbooks, buses or buildings.

Instead, I think about my young neighbors who are students in IPS, their hardworking teachers and dedicated administrators like my friend JR Shelt, principal of Arsenal Tech High School.

When I think about the people of IPS — students and educators who need our support — the decision on whether to vote in favor of the operating referendum on the ballot in November becomes clear.

No one likes to pay higher taxes — I certainly don’t — but the cost to our city of rejecting this opportunity to help our children and their teachers would be severe.

If approved, the referendum would provide $95 million a year to help operate IPS and most charter schools in the city. That funding is critical to help offset the loss of money from the state’s changes to the property tax assessments.

Passage of the referendum would mean an increase in property taxes of about $100 for a typical homeowner next year.

If the referendum fails, the Indianapolis Public Education Corp., which now oversees major aspects of IPS and charter schools, would have little choice but to make deep budget cuts. The district also would face a potential state takeover.

The loss of community control of our schools would be bad for our city and bad for the families we serve at Shepherd Community Center.

At Shepherd, we see ourselves as partners with IPS to ensure that our neighbors have not only good educational opportunities but also the hope that today’s students will have better lives than their parents and grandparents.

I think of it as the true American dream — that each new generation can build atop the accomplishments of previous generations. I want that for my children and grandchildren. I know my neighbors want the same for their families.

That’s why we offer before- and after-school care for IPS students on the east side of the city —so parents know their children are in a safe, nurturing environment while they’re at work.

It’s also why Shepherd staff members serve daily at Arsenal Tech to help students make good decisions and process strong emotions in healthy ways. And it’s why we recently helped sponsor a cookout for Tech students to celebrate a strong start to the school year.

Principal Shelt knows he can call or text our team at Shepherd anytime a student needs a winter coat, a box of food or an adult mentor to offer encouragement and hope.

That’s what being a good partner to our students, parents, educators and schools looks like.

In November, we all will have the opportunity to be good partners to IPS students and families.

Please join me in voting yes on this referendum. Our city needs it. Our schools need it. And our children need it.•

__________

Height is executive director of Shepherd Community Center in Indianapolis.

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Home » Jennifer Bartenbach: We need a clear way to know if we’re getting stronger

Jennifer Bartenbach: We need a clear way to know if we’re getting stronger

| Jennifer Bartenbach
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In a previous IBJ column, I argued that the public, private, and philanthropic sectors in central Indiana need a clearer understanding of the roles each plays in supporting strong communities.

But once these roles are defined, how do we know if central Indiana communities are actually getting stronger? Is it our budget savings? Our GDP? Our average lifespan? Our average wages? We need a clear way to answer the fundamental question: Is what we’re doing working?

Central Indiana Community Foundation, or CICF, is exploring what it would take to create a data-driven progress report for our region. We are engaging community foundations in all nine central Indiana counties and the nationally recognized San Diego Policy & Innovation Center to think through what a useful, credible resource would look like.

Such a progress report would give communities and all their stakeholders a more comprehensive way to understand where they’re making progress and where gaps remain.

The good news? We already have sources of information that would inform a more comprehensive understanding.

SAVI, a program of The Polis Center at Indiana University, has spent years building a rich source of regional and neighborhood-level data, as has The Richard M. Fairbanks Foundation. United Way of Central Indiana’s ALICE metrics provide an indispensable picture of household health in our region. And the Indy Chamber’s Accelerate Indy 2030 is bringing together partners around a vision for increased talent attraction and economic growth.

The opportunity is not to create another data platform but to bring the best of what already exists into a shared framework that helps communities understand whether we are collectively making progress.

Clearly, many of us have come to realize that the prosperity of a state or region is not primarily reflected in a balance sheet.

True, Indiana has always been a state that values fiscal discipline — our constitution has one of the oldest, strongest debt limits in the country. Those strong reserves are important; we absolutely should be prepared for downturns, emergencies and unexpected needs.

But what if we held a community balance sheet in equal esteem?

What if we brought our fiscal and business acumen to bear on a limited number of indicators that matter to regular people: housing availability, childcare access, educational attainment, health outcomes, workforce participation, infrastructure quality and other nonfiscal measures?

To be clear, this isn’t a call for more spending. Furthermore, not every county would or should utilize data to pursue identical strategies. Instead, this is a call for a better understanding of how our own sector’s role contributes to our region’s overall goals.

Without an awareness of the larger context, a given sector’s activity may be recognized as a success when the larger picture shows the opposite.

For example, a government can successfully balance a budget by cutting childcare voucher funding; childcare nonprofits can successfully absorb those cuts by reducing services and increasing appeals to donors; donors can successfully shift their grants to cover these reduced budgets; and a business can try to address an area’s reduced childcare access by offering employees additional unpaid family leave.

Here, everyone individually did what they were supposed to, and yet, a working household now has less access to childcare, and their only new option is more unpaid time off work. Will that be feasible for parents? Was this every sector’s ultimate goal? Was there a goal?

Instead, let’s make it as easy as possible for each community and each player to connect the dots between their activity and the larger function they serve in central Indiana.

Again, these shared goals and context do not require centralized decision-making. Every county in central Indiana has a different economy, culture, political context and set of assets. A regional framework does not tell communities how to solve problems. It merely gives everyone the information and context they need to make the most strategic decisions for better outcomes.

As we see from the data resources I cited above, we are not short on the information to fuel better strategies. What we often lack is a common understanding of whether all our successful activities add up to progress.

Defined roles tell us who is responsible.

Shared goals tell us what we are trying to accomplish.

A community balance sheet can help tell us how to get there.•

__________

Bartenbach is CEO of Central Indiana Community Foundation.

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Home » Danny Lopez: Indiana built a startup engine. We need to stop idling it.

Danny Lopez: Indiana built a startup engine. We need to stop idling it.

| Danny Lopez
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Indiana’s venture capital story over the past decade is one of the quietest and often underappreciated success stories anywhere in the nation, and the investments we’ve made over the last decade — including through the Next Level Trust Fund — are a big reason why.

It’s almost as if, consistent with our state character, the industry just needed permission to flourish, and these signals sent by state government unleashed our ecosystem of talented entrepreneurs, investors and others ready to make Indiana the tech hub of the Midwest.

With a solid foundation built, now it’s time to move beyond ecosystem-building and focus instead on a true commitment to growth. This requires a strategy that inspires both in-state and out-of-state entrepreneurs and investors to see their long-term futures here. It requires them to be eager to help us build Indiana’s economy of tomorrow — with more than just their dollars.

And the foundation absolutely is solid.

Consider that when the Next Level Trust Fund launched in 2018, Indiana averaged just about $283 million a year in venture capital. Today, that figure has roughly doubled to an average of $543 million annually from 2018 through 2025, including more than $1 billion in 2024.

But to be sure, investment figures get thrown around a lot, so what does that really mean for Hoosiers? The answer is jobs and increased wages: more than 2,000 jobs paying wages well above the state average across 146 Indiana companies thanks to the Next Level Trust Fund alone.

That’s not a rounding error but something much more significant. Combined with other tools like Indiana’s Venture Capital Tax Credits, innovations at our world-class colleges and universities, startup investments through Elevate Ventures, and the efforts of TechPoint, Connect IND and others, we quickly created an ecosystem ripe for the next step in its evolution.

Indiana can supercharge our innovation economy by attracting meaningful growth-stage capital, but it needs to make that commitment now. Series B investments and beyond rarely happen here. Individual investments in Indiana are often 40% to 50% of those happening in our competitor markets, and we have had only one tech-related IPO over the past decade.

Early-stage funding, the kind that has been our hallmark, creates companies. But growth-stage funding creates scale, jobs and wage-growth. Without a commitment to a growth-stage fund, we run the risk that Hoosier startups will mature and move out of state to greener pastures or stronger workforce environments.

But that outcome isn’t inevitable. We have the chance to finish building the pipeline of companies and talent that has already been transformational to our state. Imagine a scenario in which diligent ecosystem development and sound early-stage investment yields strong crops of startups and entrepreneurial activity that can be, when they earn it, handed off for potential larger investment in growth. That, in turn, would drive investor decisions and would eventually represent an evergreen, industry-directed cycle of investment, returns and growth.

Pairing real growth capital with our existing tax credit structure and talent will signal to investors and founders that Indiana is not only open for business; we are ready to kick our engines into overdrive to build a 2050 economy in the Midwest.

This is not just theoretical. The proofs of concept are out there, as states who share our commitment to fiscal integrity have experienced. Take Utah, for example, whose investment in growth has resulted not just in sizable returns — more than double its capital — but nearly 3,500 new jobs, tax revenue and companies that stay have made Utah home.

I’ve long said that the most important change that has happened in Indiana over the last two decades has been a mindset shift. Hoosiers now believe and expect that we ought to be competing with any state on any economic measure. We have built a foundation here that is as strong as that of any of our peers, and we have talent that means we can punch well above our weight. We have the strongest network of colleges and universities in America, sound fiscal leadership and a tax climate that makes investment here easy.

The question before us is whether, like some of our peers, we are ready to take the next big step and invest in real growth and innovation. If we do, the evolution of our economy will be staggering, and we will be preparing our state to remain competitive in an increasingly innovation-driven economy.•

__________

Lopez is a Republican member of the Indiana House representing District 39.

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Home » Scott Shackelford and Eytan Tepper: The U.S. Space Academy should land in Indiana

Scott Shackelford and Eytan Tepper: The U.S. Space Academy should land in Indiana

| Scott Shackelford and Eytan Tepper
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America’s growing space economy needs new centers of excellence, not greater concentration in the existing space hubs. Indiana should be the next one.

Indiana isn’t an established space hub. That’s one reason President Trump and NASA should choose it for the new U.S. Space Academy.

On Aug. 28, President Trump announced the establishments of the U.S. Space Academy, and NASA has invited states to make their case for hosting it.

Florida, Texas and Alabama can point to space ecosystems built over generations. As America’s space economy expands, the country needs more centers of expertise and a geographically broader industrial base, not more federal investment in the space hubs built by decades of federal investment.

There are good reasons America’s traditional space centers developed where they did. Rocket launch sites benefit from southern latitudes and access to open water. But the Space Academy does not need to be near the equator. It would benefit from being nationally central and close to leading universities, a growing space expertise and a strong industrial base. Indiana offers that in spades. In fact, it generates nearly one-quarter of its GDP from manufacturing, the highest share of any U.S. state.

Building a new space hub in Indiana does not mean starting from scratch. Purdue University is the “cradle of astronauts.” Thirty Purdue alumni have become astronauts, including Neil Armstrong, the first person to walk on the moon, and Eugene Cernan, the most recent. Indiana University brings complementary strengths in space cybersecurity, space policy and governance, while Naval Surface Warfare Center Crane anchors a major defense research ecosystem.

Indiana also has a strong aerospace and manufacturing base. Dozens of Hoosier companies contribute to NASA deep-space missions, from Rolls-Royce in Indianapolis and GE Aerospace in Lafayette to Redwire in Floyd County. Redwire recently opened a new 30,000-square-foot space research and manufacturing facility in Georgetown, Indiana, supporting human spaceflight and future commercial space stations.

These are the foundations of a space hub. The Space Academy could be the anchor that brings them together and expands them.

Indiana is already making its case. U.S. Sen. Jim Banks recently urged the presidential commission to choose Indiana, proposing Grissom Air Reserve Base as a possible home for the academy.

Then there are the jobs.

NASA plans to welcome the first 300 students in 2028 and open a permanent campus by 2031 with a long-term horizon of 4,000 students. A residential institution of that scale would create jobs for professors, administrators, technicians, IT specialists, facilities workers and many others. Building, maintaining and serving the campus would create still more.

These would not only be high-tech jobs. Major institutions create stable, high-quality employment across the occupational spectrum. And the long-term prize could be much greater. Research attracts funding. Skilled graduates attract employers. Employers attract suppliers and startups. Over decades, a permanent federal institution can help reshape a regional economy.

The Air Force Academy offers perspective on that long game. Decades after its establishment, it now has an economic footprint that supports more than 14,000 direct and indirect jobs. The U.S. Space Academy should be viewed not only as it will look in 2028 but as it might look in 2050 or 2075.

America’s next great space hub does not have to be built where one already exists. It should be built here in Indiana.

Captain Kathryn Janeway of “Star Trek: Voyager” is to be born in Bloomington in 2336. She could well attend the U.S. Space Academy in Indiana.•

__________

Shackelford is associate vice president for research at Indiana University, vice chancellor for research at IU Bloomington, and provost and professor of business law and ethics at the IU Kelley School of Business. Tepper is director of the Space Governance Lab at Indiana University Bloomington and a research professor of space governance and security.

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