IEDC launches lending program for small biz
The Indiana Economic Development Corp. said the Legend Fund can help entrepreneurs and small businesses with small loans, typically under $50,000.
The Indiana Economic Development Corp. said the Legend Fund can help entrepreneurs and small businesses with small loans, typically under $50,000.
The approach from the Indiana Economic Development Corp. is similar to those taken for prior events such as the Indianapolis 500, the 2022 College Football Playoff National Championship game and the 2021 NCAA Men’s Basketball Final Four.
Indiana’s Senate on Thursday approved a bill forcing the state’s economic development entity to disclose large land buys. Legislation on chaplains in schools, mobile integrated health programs, farmland ownership and school referenda also passed the Legislature’s chambers.
As the Republican-led agency faces calls from critics for more transparency, legislators from both political parties have filed legislation aimed at requiring the job-creation agency to disclose more about its activities.
Bill author Sen. Brian Buchanan, a Republican from Lebanon, said the legislation is intended to “streamline the process of economic development in Indiana by making sure all stakeholders are involved.”
A 26-person contingent comprising state and city officials, not-for-profit leaders and business executives traveled to the tiny city-state Nov. 14-17 to study how the nation has developed land along its waterfront.
This will be the third straight year the Indiana Economic Development Corp. has attended the splashy CES tech trade show in Las Vegas. But this year, it will be bringing some special guests to provide first-hand accounts of the state’s startup-friendly culture.
The LEAP Research and Innovation District under development near Lebanon represents a shift in the way the Indiana Economic Development Corp., the public-private state agency overseeing the project, is working to attract companies and create jobs.
The IEDC has faced its share of criticism. But as I reflect on these trials in the face of all that we’ve achieved, we are championing the future for all the right reasons.
Among the updates are a boost in annual funding for venture development in partnership with venture firm Elevate Ventures and the creation of a $3 million pre-seed fund.
The State Budget Committee, which consists of four lawmakers and the state budget director, voted unanimously to authorize the spending, though Democrats on the committee expressed deep reservations about the IEDC’s requests.
The Indiana Economic Development Corp. has faced pushback for proposing a pipeline that would transport as much as 100 million gallons of water per day from Wabash River aquifers to a massive business development in Lebanon.
The state’s job-creation agency says it secured $28.7 billion in new capital expenditures in 2023, a 29% increase over the the previous year. But some of the projects on the list are yet to be announced.
Based on data from a newly released report about its first-ever Rally innovation conference, organizer Elevate Ventures likely will trim its programming offerings and schedule fewer simultaneous programs.
The move comes as the Indiana Economic Development Corp. faces pushback for its exploration of a plan to pump massive sums of water from Wabash River aquifers for a high-tech manufacturing district in Boone County.
The move comes as the state explores the feasibility of pumping as much as 100 million gallons of water from Wabash River aquifers for a high-tech manufacturing park in Boone County.
The move comes as the Indiana Economic Development Corp. faces questions about its plan to tap the Wabash River aquifer and withdraw as much as 100 million gallons per day for an advanced manufacturing district in central Indiana.
The group, “Stop the Water Steal,” plans to lead a letter-writing campaign to local and state officials, urging them to stop the pipeline, slow its progress or minimize its impact on community water resources.
The Indiana Economic Development Corp. signed a $3.5 million contract with Southfield, Michigan-based advertising firm Doner Co. to develop the branding initiative.
The move comes five months after the utility company agreed to supply up to 10 million gallons of water to the advanced manufacturing district by 2027.