Indiana has the juice to fuel surge in data centers
When it comes to large-scale data center activity, the Hoosier state has gone from what feels like zero to 60 in a little over a year.
Economic Development
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Universities’ alliance set to boost microelectronics research
Two of Indiana’s top research universities are partaking in a four-way alliance that organizers that allows members to work on microelectronics projects using one another’s facilities and resources.
Elevate Ventures introduces host committee for 2025 Rally conference
Elevate Ventures, the creator of the annual Rally innovation conference, says now that the event is in its third year the time was right to launch a host committee that will oversee event planning.
Westfield sees potential for business with South Korean companies, starting with hotel
Westfield officials hope a proposed $50 million hotel by South Korean-based Lotte Hotels & Resorts could provide an opening for more business with the country. City officials are planning an economic development trip to Asia in March to explore the possibilities.
Bill to create Indiana-Ireland trade commission advanced by House committee
Through House Bill 1489, the state would establish a trade commission with Ireland to strengthen its business relationship with the country and exchange ideas on policy, economic development and infrastructure.
Westfield seeks state support for taxing district near Grand Park
The city will need state legislators to amend existing rules for professional sports and convention development areas for one to be created at Grand Park Sports Campus.
Indiana Sports Corp. seeks new round of funding through state bid fund
The Indiana Sports Corp. has already allocated most of the $10 million total it received for 2023 and 2024 for the Indiana Sports & Tourism Bid Fund, which it administers on the state’s behalf.
Trump says 25% tariffs on Canada, Mexico coming Feb. 1
President Trump also signed a directive telling federal agencies to conduct a 30-day review of how they can help to lower the costs of housing, health care, food, energy and home appliances as well as finding ways to bring more people into the workforce.
While Indiana attracts more data centers, legislators look to add guardrails
In the last year, multiple Big Tech companies have announced four major Indiana developments totaling more than $14 billion, prompting state lawmakers to look for ways to address the intense energy demand.
CHIPs act to ramp up U.S. semiconductor production, but at a high cost, report finds
The government subsidies behind the expected chip manufacturing boom mean that each job created will cost taxpayers about $185,000 a year–twice the average annual salary of U.S. semiconductor employees, the report found.
Biden signs executive order aimed at growing AI infrastructure in U.S.
The order on artificial intelligence seeks to ensure the infrastructure needed for advanced AI operations, such as large-scale data centers and new clean power facilities, can be built quickly and at scale in the United States.
Lawmakers propose transparency measures for Indiana Economic Development Corp.
The agency has been subject to criticism resulting from its handling of the LEAP Research and Innovation District in Boone County.
Commerce chief David Rosenberg to lead IU biosciences accelerator in Indy
Known as IU LAB and supported by a $138 million grant from the Lilly Endowment, the IU Launch Accelerator for Biosciences will be based at the 16 Tech Innovation District.
New Wabash watershed study finds supply should meet demand with proper management
The findings are consistent with a statewide water study released in August that concluded Indiana has a “plentiful” but unevenly distributed water supply.
IEDC, Hoosier startups headed to CES trade show in Las Vegas
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.
State’s big, bold LEAP District play draws some reflection
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.
New bills seek to sever state business ties to companies in adversarial countries
The two bills are focused on reducing the influence of countries potentially posing a threat to the United States and Indiana.
2024 Newsmaker: Lilly CEO David Ricks
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.
2024 Newsmaker: U.S. Sen. Todd Young
Two years after U.S. Sen. Todd Young, R-Ind., co-authored the CHIPS and Science Act, Indiana is reaping big rewards.
2024 Year in Review: High-tech plants drive IEDC’s record-breaking year
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.