Indy to host 2025 Global Entrepreneurship Congress
It will be only the second time the event, which attracts about 2,500 entrepreneurs, investors and startup ecosystem builders from around the world, has been held in the U.S. since 2009.
Indiana Economic Development Corp.
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Testing shows ‘abundant water’ supply to support LEAP District, state says
Initial findings show that an aquifer connected to the Wabash River contains enough water to support a high-tech manufacturing district in Boone County without depriving the Greater Lafayette region of an adequate water supply, according to the Indiana Economic Development Corp.
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Brad Chambers gives his gubernatorial campaign $5 million boost
Brad Chambers, a late entry into the 2024 governor’s race, is expected to receive strong support from the business community but lacks the statewide name recognition of other high-profile candidates.
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Rally conference pitch contest selects five startup winners
The five winners—three startups from California and one each from Kentucky and Massachusetts—are now eligible for up to $1 million in investment funding, provided they commit to establishing a presence in Indiana for at least a year.
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Holcomb taps David Rosenberg to lead state’s economic development agency
David Rosenberg, chief operating officer of the Indiana Economic Development Corp., replaces Brad Chambers as Indiana secretary of commerce.
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Articles
Lebanon set to annex another 645 acres for LEAP District
Since July 2022, the city of Lebanon has annexed a total of 7,200 acres for the LEAP Lebanon Innovation and Research District, a planned technology and advanced manufacturing hub of 9,000 acres or more.
Push for high-tech plants drives up cost of incentives
National efforts to boost computer chip and electric vehicle production are fueling a bidding war among states, including Indiana, that is driving up the cost and number of so-called “megadeal” incentive packages exceeding $50 million.
Judge dismisses landowners’ lawsuit against LEAP District annexation
The Indiana Economic Development Corp., the state’s job-creation agency, intervened on behalf of the city in an effort to get the lawsuit dismissed.
Holcomb to lead economic development trip to Japan
The trip will mark Gov. Eric Holcomb’s third visit to Japan and 16th international trip as Indiana governor.
Elevate Ventures already looking ahead to next year’s Rally conference
But the Indiana Economic Development Corp., which provided $1.5 million for this year’s conference, hasn’t yet decided whether to invest in a 2024 event.
Q&A with David Rosenberg, Indiana’s new secretary of commerce
Rosenberg talked with IBJ about the modern economic development landscape, his vision for the LEAP innovation district in Boone County and the rising cost of economic development incentives.
Panel: Indiana must do more to nurture tech talent, innovation
During a panel discussion held in conjunction with Elevate Ventures’ Rally innovation conference, panelists emphasized the need to invest in the people and innovation necessary to advance Indiana’s economy.
Solar energy company plans $35M plant, 240 new jobs in Indianapolis
The Singapore-based company on Tuesday announced intentions to renovate and equip an existing 150,000-square-foot space just south of downtown Indianapolis to serve as its U.S. headquarters.
Upcoming Rally conference sparking additional downtown gatherings
At least seven other events are taking place in and around downtown Indianapolis Aug. 28-30, all designed to capitalize on the momentum organizers hope Rally will generate.
Former Secretary of Commerce Brad Chambers enters race for governor
Chambers has been considered a possible candidate for the office since mid-July, when he announced he would be stepping down as head of the Indiana Economic Development Corp. effective Aug. 6.
Lebanon City Council approves special zoning classification for LEAP district
The LEAP district planned unit development designation sets development standards for about 6,000 acres of the planned high-tech district in Boone County along Interstate 65 between Indianapolis and Lafayette.
Indianapolis consulting startup Stitch lands $3.3M in state incentives
Stitch, a marketing tech consulting firm, can earn up to $3.3 million in state economic incentives if it hires at least 100 Hoosiers by the end of 2027. The company launched last year out of Indianapolis venture studio High Alpha.
Boone County is ‘favored site’ of companies looking at Indiana, IEDC says
The IEDC has acquired thousands of acres of land in Boone County for the LEAP District, a planned advanced manufacturing and high-tech district in the Lebanon area.
Inaugural Rally conference aims to draw innovators
The Aug. 29-31 event at the Indiana Convention Center will have 220 speakers, five pitch competitions offering up to $5 million in total prize money, and hundreds of meetings between entrepreneurs and investors representing multiple industries.
Budget leaders approve $120M to attract unannounced $3.2B project
The mystery project involves a company in the “advanced technology automotive components” industry and would be located somewhere in north-central Indiana, according to the IEDC.
State’s economic development agency seeks incentive funds for $3.2B mystery project
The Indiana Economic Development Corp. is seeking $120 million in performance-based incentive funds for a company planning a new facility that will create 1,400 high-wage jobs, according to the State Budget Committee’s agenda for its Friday meeting.
Federal grant helps IEDC expand minority services to small businesses
The agency last year received $1.6 million from the federal Minority Business Development Agency and added $400,000 in matching funds.
Brad Chambers confirms he’s considering run for governor
The outgoing state commerce secretary said he’ll give a gubernatorial bid “due consideration.”
Brad Chambers to step down as secretary of commerce
His departure comes as his two-year contract with the state expires, but it still increases speculation that he is considering a run for governor in 2024.