Boone County economic development group names new CEO
Andrea Kern, who most recently worked with the Indiana Office of Community and Rural Affairs, will lead the Boone County Economic Development Corp.
Economic Development
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IU, Purdue Indianapolis campus leaders envision transformed academic cityscape
Leaders from the Indianapolis campuses of Indiana and Purdue universities outlined visions for increased collaboration and a transformed urban campus at an Economic Club of Indiana luncheon Wednesday.
Logistics provider planning 415-job expansion in Lebanon
Supply-chain giant GXO Logistics is planning to spend $11.7 million to grow operations at a massive facility where it handles returns for Nike Inc.
Rubio says purge of USAID programs complete, with 83% of agency’s programs gone
Secretary of State Marco Rubio said the programs “spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States.”
Small town spirit: How Indiana’s rural communities are working to reverse population losses
More than 70% of Indiana’s counties, many of which are rural and also lost population in the 2020 census, are expected to lose residents over the next 30 years.
Facing competition from Big Tech, states dangle incentives, loosen laws to attract power plants
The spike in demand for electricity is being driven, in large part, by the artificial intelligence race as tech companies are snapping up real estate and seeking power to feed their energy-hungry data centers.
Giant chipmaker to spend $100B to expand chip manufacturing in United States
TSMC, the world’s biggest semiconductor manufacturer, produces chips for companies including Apple, Intel and Nvidia.
State budget includes funds for White River State Park expansion plan
The project is expected to encompass about 7.5 acres on the river’s western bank and will include new green spaces, an amphitheater and a promenade overlooking the White River.
Eli Lilly to spend $27B on four new manufacturing sites
The new manufacturing sites are expected to create create 3,000 pharmaceutical jobs and nearly 10,000 construction positions during the buildout.
Pittsboro advisory commission recommends data-center rezoning request
A Denver-based company is seeking to build a data center campus on about 285 acres of the 626-acre property.
UK-based sports tech company to establish Indiana presence
London-based Sportable has developed a tracking platform that uses sensors placed inside balls to deliver data designed to measure player and team performance.
Apple announces $500B investment in U.S. over next four years
Apple said Monday that it plans to create 20,000 jobs and open a new manufacturing facility as part of the investment.
EV, battery manufacturers moving ahead on projects despite Trump’s views, actions
Potential rollbacks of Biden-era policies that incentivized electric vehicle production and ownership have stirred apprehension among some local economic development officials across the state.
Morgan County officials approve rezoning for proposed 391-acre data center
Residents voiced a variety of concerns about the proposed data center, but the three-person board voted unanimously to move forward.
Lebanon planning board OKs design for Lilly Medicine Foundry at LEAP District
The foundry will give the pharmaceutical maker the ability to research new ways of producing medicines.
Despite building concerns, IEDC transparency bills died without hearings. Why?
Lawmakers’ unease with the Indiana Economic Development Corp. culminated in at least four transparency-focused bills this session—all filed by Republicans—seeking to add more guardrails.
Morgan County planners recommend approval for proposed data-center campus
The Morgan County Plan Commission on Monday decided to give a favorable recommendation for a rezoning request that would pave the way for a data center on a 391-acre site in the northern part of the county.
Bill to overhaul regional development funding awaits committee vote as deadline ticks closer
Senate Bill 377 introduces a new framework and requirements for regional development funding, shifting the focus from place-aligned projects to more industry-focused development.
IBJ Podcast: With billions at stake, hyperscale data centers become charged issue in Indiana
The sudden surge in announced centers—representing more than $15 billion in potential investment—has generated a lot of concern about their drain on Indiana utilities and, in some cases, their water-intensive cooling systems.
Grand Park Sports Campus realizing financial potential as new district awaits
The sports complex, which is set to embark on a major entertainment and business district, now generates enough tax-increment-financing revenue to fully cover its debt payments.