House OKs permit exemption for semiconductor projects, sending bill to Biden
The U.S. House approved legislation on Monday that would address concerns that environmental reviews and lawsuits will delay construction of domestic chip factories.
Economic Development
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California-based med tech company to relocate to Westfield
PhysioLogic Devices Inc. will change its name to Portal Diabetes Inc. following the company’s move. It plans to employ up to 35 full-time employees by 2028 with an average salary of $135,265 each.
Indiana seizes on opportunities with women’s sports
More than five months after the Indiana Fever drafted Caitlin Clark at No. 1 overall in the WNBA draft, local sports and tourism leaders are eager to further grow the state’s role in women’s sports.
Tourism marketing, cash rewards used to recruit workers to Indiana
Indiana’s increased focus on economic development and upskilling its workforce for the microchip future is getting a boost from some non-traditional sources.
Proposed Citizens LEAP pipeline approved for $325M in state loans
The Indiana Finance Authority approved the loans to support the proposed extension of the Citizens Energy system to provide 25 million gallons of water per day to the LEAP Lebanon Innovation District and surrounding Boone County developments.
IEDC touts record $38.3B in committed investments so far this year
The IEDC said the investments include commitments to create more than 13,000 jobs with an average wage of $37.31 per hour—or about $77,604 annually.
Women-focused $98M sports campus in Indiana to include VIP leadership
The 120-acre project features the involvement of outgoing Indiana Fever President Allison Barber, former Fever star Tamika Catchings and Suzy Kolber, a former anchor and analyst for ESPN.
Southern Indiana microelectronics effort lands $9.5M DoD workforce contract
The contract will likely lead to K-12 microelectronics education and career awareness outreach, Ivy Tech Community College certifications, youth apprenticeship programming, and a regional education and training hub.
Candidates for governor want to seed job growth locally
IBJ asked Republican U.S. Sen. Mike Braun, Democrat Jennifer McCormick and Libertarian Donald Rainwater how they plan to approach economic development and job creation.
Report: Indiana tax system high for manufacturing, life sciences companies, but low for HQs
The Chamber of Commerce study found that Indiana’s total tax burden—state and local—has been consistently less than the U.S. average.
Houston tech company Ohana to relocate HQ to Indianapolis
The company, which plans to create more than 100 jobs over the next five years, could receive up to $3.5 million in conditional tax credits from the state if it meets hiring goals.
Holcomb, Zelenskyy to meet, talk partnership in Ukraine
Indiana Gov. Eric Holcomb is set to become the first U.S. governor to travel to the country since Russia’s invasion more than two years ago.
IEDC to lead trade delegation to Taiwan as state opens economic development office in Taipei
The IEDC said officials will attend SEMICON Taiwan from Sep. 4-6, an event hosted by the international industry association SEMI. That group is bringing an event called SEMIEXPO in the Heartland to Indiana in 2025.
Will Indiana’s next governor champion the LEAP district in Lebanon?
More than two years after Gov. Eric Holcomb’s Indiana Economic Development Corp. quietly disclosed plans for the 9,000-acre campus in Boone County, the endeavor’s future now largely depends on the guidance of the next governor.
Q&A: How lieutenant governor candidates plan to use the limited role to tackle economic development
The lieutenant governor is the second highest office holder in state government and has several duties that include serving as the president of the Indiana Senate and overseeing two dozen departments.
Rally Roundup: Pro race driver closes conference with insights, advice
It was his skill at a race-themed video game that landed Jann Mardenborough in the real-life racing world—but once he got there, Mardenborough still had a lot to learn.
Holcomb traveling to Slovakia, Italy on economic development trip
Indiana Gov. Eric Holcomb so far this year has visited Australia, Singapore, Belgium, France, the Netherlands, Mexico, Brazil and Canada across four individual trade trips.
Rally innovation conference inspiring additional downtown events
Third-party organizations are planning about a dozen other events, from smaller conferences to happy hours, to capitalize on the momentum they expect Rally to generate.
State approves $50M in bond financing support for new LEAP pipeline proposal
The Citizens Energy and Lebanon Utilities project would supply the Eli Lilly and Co. manufacturing complex expansion, additional park tenants and new development in the city.
IEDC seeks $50M in state support for new LEAP pipeline bond financing
The Citizens Energy-Lebanon Utilities project is one of several water and wastewater improvement efforts around the state that could be funded through $500 million in bonds approved by the Indiana Finance Authority.