Economic development overhaul gives Mayor’s Office more control
The plan is meant to streamline discussions among the city, existing businesses and companies considering Indianapolis for expansion or relocation.
Economic Development
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Boone County prepares for development at quiet I-65 interchange
County leaders are working to create the 65/47 Economic Development Area, the first step toward spurring business and residential development.
Policy agenda, secretary pick refine Braun’s vision for economic development
The governor-elect’s plans include creating a consolidated workforce development strategy and adding a new entrepreneurship office.
Gov.-elect Braun announces leadership picks for commerce, education
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.
U.S. commits to $7.54B loan for Stellantis venture to build 2 EV battery plants in Indiana
The project being built by StarPlus Energy LLC is expected to create at least 2,800 jobs at the two plants and hundreds more at a nearby park for parts-supply companies.
Rally pitch contest winner secures $5M investment as asthma test awaits approval
MyBiometry, a Massachusetts-based health technology firm that was one of five winners of the Rally IN-Prize pitch contest last year, has secured $5 million in seed funding and hired its first Indiana employees.
Speedway economic development leader to depart, join Indy DMD
Carmen Lethig held the economic development role for nine months, following more than four years as administrator of long-range planning with the city of Indianapolis.
UPDATE: Meta’s planned $800M investment in Lebanon could lead to $4.8B, mayor says
The Lebanon City Council on Monday night approved the creation of a tax-increment financing district and performance-based incentives to try to secure a deal with the parent of Facebook and Instagram.
Maven Space moving from downtown to north side
The woman-focused business and social group is relocating to Nora after more than two years in the historic OneAmerica Gibson Building on North Capitol Avenue.
Midwest hydrogen hub involving Indiana to get $22.2M in initial federal support
The Department of Energy’s Office of Clean Energy Demonstrations announced Wednesday afternoon that it had reached a cooperative agreement with the Midwest Alliance for Clean Hydrogen, or MachH2 for short, and awarded Phase 1 funding.
IEDC head David Rosenberg withdraws ‘premature’ conflict-of-interest request
Rosenberg, whose position includes serving as president and CEO of the Indiana Economic Development Corp., sought permission to take a vaguely defined executive role at Indiana University related to workforce and the economy.
Trump comments have semiconductor chip industry anxious
Comments about the CHIPS and Science Act by President-elect Donald Trump and U.S. House Speaker Mike Johnson before the election have raised questions about whether the president and Congress are fully committed to the law that Indiana is deeply invested in.
Holcomb plans trade trip to Saudi Arabia, Kuwait
It will be Holcomb’s 27th and final international economic development trip as governor, and his first visits to Kuwait and Saudi Arabia.
Indianapolis to replace Develop Indy in effort to bolster business-attraction strategy
Under the plan, former Indiana Secretary of Commerce Jim Schellinger will lead a new organization that operates more like the Indiana Economic Development Corp.
Nickel Plate Trail construction is in the final stretch in Indianapolis
The Allisonville Road and East 62nd intersection is just a tiny piece of the trail that stretches across three cities and two counties.
IEDC rebrands, updates master plan for business district at former GM stamping plant site
The IEDC has renamed the business campus Levee—a nod to both the site’s proximity to the levee along the western bank of the White River and the word’s Latin root “levare,” which means “to lift up.”
Sculpture at Elanco campus expected to make a splash for public art
“Water in Dripping, River,” a stainless steel sculpture by Chinese artist Zheng Lu, is an $846,000 project that will set a new standard for works financed through the Public Art for Neighborhoods ordinance.
Indianapolis International Airport lands nonstop flights to Ireland
Aer Lingus will begin offering nonstop flights between Indianapolis and Dublin four times a week starting in May, marking the first nonstop transatlantic flights from Indy since 2020.
Purdue preparing for SK Hynix arrival
The university’s leaders are hard at work laying the groundwork to make South Korean chip manufacturer SK Hynix’s U.S. expansion in West Lafayette a success.
Consumer group calls for moratorium on new electricity-guzzling data centers in Indiana
Citizens Action Coalition of Indiana said the huge new data centers planned in the state could lead to skyrocketing utility bills while providing few jobs relative to their energy consumption and the incentives they receive.