The Indiana Economic Development Corp. has selected eight Indiana startups to accompany the organization to CES, the major consumer electronics trade show being held next week in Las Vegas.
The state has spent more than $690 million so far establishing the LEAP Research and Innovation District. Outgoing economic leaders say the project is a huge success, but some political leaders are cautious.
The two bills are focused on reducing the influence of countries potentially posing a threat to the United States and Indiana.
Ricks—IBJ’s newsmaker of the year in 2023—returns to the newsmaker list in 2024 after a year that included a stock price that skyrocketed to an all-time high of $972 and announcements about big new investments in Lebanon and Ireland.
Two years after U.S. Sen. Todd Young, R-Ind., co-authored the CHIPS and Science Act, Indiana is reaping big rewards.
Two major announcements were Eli Lilly and Co.’s additional $9.8 billion investment into its LEAP Research and Innovation District campus and SK Hynix’s $3.87 billion semiconductor packaging facility at the Purdue Research Park in West Lafayette.
A string of Big Tech companies announced plans this year for large-scale data centers around the state, prompting pushback from a consumer advocacy group that is concerned about the amount of electricity these facilities will consume.
The ongoing progress to develop the planned LEAP Innovation and Research District, a 9,000-acre tech park in Boone County, was among the top local tech stories of 2024.
The chip manufacturer announced plans in April to open a 430,000-square-foot building spanning 90 acres in the second half of 2028.
The state will eventually recoup much of that investment when LEAP land is sold to tenants, officials from the Indiana Economic Development Corp. said.
Purdue can offer research and technical expertise that sports tech companies may need as they develop their products. Likewise, these companies may create internships and job opportunities for Purdue students and graduates.
The investment total continues a trend of record-breaking years for the IEDC. The state has improved its annual total every year since Gov. Eric Holcomb took office (with the exception of 2020 due to the pandemic.)
The state’s job-creation agency is seeking $27 million to purchase about 307 acres and pay for deposits and option payments for additional land west of Interstate 65. Another $33 million is being sought for infrastructure work.
The National Bank of Indianapolis and New Direction Church announced a partnership that’s designed to support economic development and access to financial services along the East 38th Street corridor.
Indianapolis is set to host the conference’s big game through 2028, and Indiana Sports Corp President Patrick Talty says the city has hopes to continue beyond that time.
The regional development arm of the Indy Chamber will expand its coverage area after an agreement with the Greater Columbus Economic Development Corp., the organizations announced Friday.
The plan is meant to streamline discussions among the city, existing businesses and companies considering Indianapolis for expansion or relocation.
County leaders are working to create the 65/47 Economic Development Area, the first step toward spurring business and residential development.
The governor-elect’s plans include creating a consolidated workforce development strategy and adding a new entrepreneurship office.
David Adams, a former state workforce development commissioner, will be Indiana’s next secretary of commerce in Indiana Gov.-elect Mike Braun’s administration, while current Secretary of Education Katie Jenner will continue to lead the state’s education system.
