Chiang: Indianapolis to play key role in Purdue’s future as tech leader
The new president of Purdue University said Indianapolis serve as one “bookend” for a “63-mile-long hard tech corridor” stretching “all the way to Tippecanoe County.”
Economic Development
Articles
In budget request, Holcomb doubles down on economic development strategy
The funding requests are part of the governor’s ambitious $3 billion “Next Level Agenda,” which calls on state lawmakers to approve historic investments in education, public health and state employee salaries.
2022 Year in Review: Andretti leads racing team boom in Indy’s suburbs
Andretti Global revved some economic development engines in August when it announced plans to establish its worldwide headquarters in Fishers, investing $200 million in the project and creating up to 500 jobs by the end of 2026.
Holcomb awaiting April forecast to see what state can afford in 2023-2024 budget
Republican legislative leaders have been urging caution on new spending, but Gov. Eric Holcomb remains hopeful that his legislative priorities can be funded. See what he had to say in this Q&A.
Holcomb gearing up to propose ‘READI 2.0’
In the current iteration of the statewide program, 230 projects have been accepted with a total funding request of $350 million, which in turn has leveraged more than $6 billion in funding from other sources.
INDOT releases potential options for I-65 interchange to serve LEAP district
The Indiana Department of Transportation released a study that includes five possible locations for the interchange northwest of Lebanon near the planned site of the LEAP Lebanon Innovation and Research District.
State touts record $22B in economic development commitments
Indiana Gov. Eric Holcomb said 218 companies committed this year to locate or expand in Indiana this year, with plans to add a total of 24,059 Hoosier jobs.
Lebanon votes to annex 5,225 acres for LEAP district
The Lebanon City Council voted unanimously to approve the second phase of voluntary annexation for the LEAP district, a planned 11,000-acre advanced manufacturing park in Boone County.
UPDATE: Melina Kennedy picked to lead Central Indiana Corporate Partnership
The Central Indiana Corporate Partnership announced Thursday that Cummins Inc. executive and former Indianapolis Deputy Mayor Melina Kennedy has been named the organization’s new CEO.
Noblesville City Council approves incentives for $30M SMC expansion plan
SMC Corp. of America plans to expand its total workforce in Noblesville to 1,157 by 2032.
Despite recession fears, Holcomb remains ‘bullish’ on Indiana economy
While many economists are sounding the alarm on a possible economic slowdown next year, Gov. Eric Holcomb says Indiana is well-positioned to take advantage of a “manufacturing renaissance” in the United States.
Manufacturer seeking incentives for $30M expansion, 288 jobs in Noblesville
SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.
West-side business leaders say Blue Line alteration limits development opportunities
West-side leaders are pleased the city found $20 million for infrastructure improvements but remain disappointed that the area is missing out on the original $52 million in improvements the Blue Line was once scheduled to bring.
IU plans science and tech corridor in Indianapolis to boost STEM degrees
The IU SciTech corridor will begin at the corner of Michigan and West streets, one of the main entrances to the downtown campus and house both IU and Purdue programs, President Pamela Whitten told the university’s board Friday.
East 38th Street corridor to receive $3.5M city investment
The East 38th Street corridor is the city’s eighth Lift Indy neighborhood and will receive investments in affordable housing and homeownership, economic development, and food-access efforts.
Holcomb touts green energy at COP27 climate summit in Egypt
While Indiana is making significant investments in solar energy, the state still relies on coal for half of its energy needs and is the Midwest’s biggest emitter of carbon per capita.
Noblesville leaders expand scope of planned Innovation Mile
City leaders expect a stretch of undeveloped agricultural land on the city’s southeast side to become Hamilton County’s next epicenter of innovation.
Holcomb to attend United Nations climate summit in Egypt
Gov. Eric Holcomb and other state officials plan to join global leaders next week at the United Nations Climate Change Conference in Egypt, marking the first time an Indiana governor has attended the summit.
Hobby learning tech company planning to add 300 jobs
Indianapolis-based Combined Curiosity LLC said it will be filling technology and data analytics positions for its expanding learning platform.
Ground broken on $50M McCordsville district
The overall, $50 million master development is receiving $8.5 million in public funding, including $3.5 million from the Indiana Regional Economic Acceleration and Development Initiative, or READI.