Airport hotel still under study, but gets $57M budget cut
The cost reduction is part of a redesign requested by the board ahead of an expected vote later this year on whether to begin construction.
Economic Development
Articles
Business personality Marcus Lemonis to speak at 2024 Rally conference
Rally, which debuted last year, is designed to bring together entrepreneurs, investors, policymakers and educators from a variety of business sectors.
Legislation that would reel in IEDC likely to return in 2025
State Sen. Spencer Deery said he plans to reintroduce similar legislation in 2025. From his viewpoint, the agency has become too focused on big deals that can give it a bad reputation.
Indianapolis eyes strong weekend traffic from early-round NCAA games
This year’s games at Gainbridge Fieldhouse are expected to be of particular interest to local fans, as Purdue University is one of the eight teams making the trip.
Candidate Chambers pitches 10-point economic development plan
Former Indiana Secretary of Commerce Brad Chambers, one of six Republicans running for Indiana governor, unveiled his “Play to Win” plan on Monday.
Bill limiting land buys by ‘foreign adversaries’ goes to governor
Some critics worry the bill would compromise economic development deals in the works, but it passed easily.
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.
New $29M Legend Fund aims to provide more capital to Indiana small businesses
The IEDC said the Legend Fund will give non-traditional lenders an incentive to provide operating capital to Indiana-based businesses. Eligible lenders could have a portion of the loans they issue purchased by the IEDC, freeing up capital to support more entrepreneurs and small businesses.
Finkam appoints former Indianapolis deputy mayor as Carmel’s eco-devo chief
Nick Weber’s resume includes stints working for Indianapolis Mayors Stephen Goldsmith and Greg Ballard, as well as late Indiana Sen. Richard Lugar.
Indiana to promote state’s EV industry in trade trip to South Korea
Part of the trip will involve showcasing the state’s growing electric vehicle industry at InterBattery 2024, South Korea’s leading battery exhibition, which is expected to draw about 75,000 attendees and 500 businesses.
State’s effort to attract data centers starting to pay off
At least seven projects have been announced around since the Legislature in 2019 passed an economic development aimed specifically at data centers, which house computers, servers, and related hardware and equipment.
Arts organizations will have a home at Hendricks Live! venue
Community leaders say the 600-seat entertainment venue along U.S. 40, set to open March 9, will make Plainfield a popular regional destination.
Munitions campus planned for Indianapolis, Crane
The American Center for Manufacturing & Innovation in Austin, Texas has announced plans for what it calls a first-of-its kind project that could bring hundreds of millions of dollars in private investment to Indiana.
Caterpillar planning $725M expansion in Lafayette
Caterpillar said the project would help retain the nearly 1,900 employees who currently work at the facility and create another 100 jobs.
TechPoint Mira Award nominees for 2024 unveiled
The annual Mira Awards honor the best in tech in Indiana. Indianapolis-based TechPoint said the record number of entries for two of the key awards underscores the “vibrancy of Indiana’s tech sector.”
Regional collaboration aims to lift city centers
A cooperative of central Indiana communities wants to expand the impact of Main Street via walkable districts to attract residents and boost innovative development.
Growing Boone County needs varied housing options, study says
The big questions are whether the county is ready for projected growth and how its communities need to prepare for the LEAP Research and Innovation District.
IEDC hopes to woo businesses, site selectors during All-Star weekend
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.
Booming bourbon industry has Kentucky leaders toasting record growth
Kentucky’s bourbon industry pumps $9 billion into the Bluegrass State’s economy each year, creating more jobs and attracting more tourists than ever before, according to a study released Tuesday.
Meta to build $800M data center, add 100 jobs in Indiana
The 700,000-square-foot facility will be the company’s 22nd data center in the world and 18th in the United States.