Lilly to invest another $1.6 billion in Boone County site, add 200 jobs
The expansion will bring Eli Lilly and Co.’s total investment in the project to $3.7 billion, the most the company has ever spent on a single manufacturing site.
Indiana Economic Development Corp.
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Indiana University lays out strategic roadmap in ‘IU 2030’ plan
The blueprint includes campus-specific plans for the university’s six campuses outside Bloomington, including IUPUI, which is set to be renamed IU Indianapolis under a realignment plan.
Chicago startup lands $3.8M in incentives to move to Indiana
Socian has developed a drone that can help gather information from the scene before police arrive. The founder says he was convinced to move to Indiana after having a good experience at an Indianapolis business accelerator program.
Indiana sizing up possible bid for new federal life-sciences hubs
The Advanced Research Projects Agency for Health, or ARPA-H, is looking for cities that can help design biomedical products, enhance clinical trials and bring new health products to market. Winning bidders would land hundreds of jobs.
Lebanon planners approve Eli Lilly manufacturing site in Boone County
The Lebanon Plan Commission voted unanimously Monday to approve Eli Lilly and Co.’s development plan for its two manufacturing facilities in Boone County.
Elevate Ventures launching new multiday innovation conference
The new event, called Rally, will take place at the Indiana Convention Center and feature a $5 million pitch competition, more than 200 speakers, and opportunities for entrepreneurs to demonstrate their innovations and meet individually with potential investors.
IEDC paying premium for farmland for Boone County tech district
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Editorial: IEDC’s big spending in Boone County is investment in Indiana’s future
So far, the public criticism of the land purchases is less about price and more about whether the state should be buying the land at all.
Indiana plans economic development trip to Japan, South Korea
Indiana Secretary of Commerce Brad Chambers is set to lead a delegation next week on an economic development trip to Asia, where the team will promote Indiana’s growing battery, electric vehicle and semiconductor industries.
Indiana group joins forces with Illinois, Michigan coalition on hydrogen hub effort
The program aims to award $7 billion to fund six to 10 hydrogen hub projects focused on the production, processing, delivery, storage and end use of clean hydrogen, with the goal of boosting the nation’s hydrogen economy.
Bill calls for IEDC to inform local officials about big land purchases
The legislation would require the Indiana Economic Development Corp. to notify local officials before purchasing more than 100 acres of land for economic development that is intended to be used for an Innovation Development District.
Indiana gets the nod to proceed with federal hydrogen hub proposal
The Indiana coalition, which received U.S. Department of Energy encouragement to submit a full proposal, is now deciding whether to join forces with other applicants for a better chance of securing a portion of $7 billion in federal funding.
Hospitality industry icon Bruce White, who developed key downtown Indy hotels, dies at 70
White founded White Lodging in 1985 with a single hotel in Northwest Indiana and grew the company into one of the industry’s largest privately held development, ownership and management companies.
Lilly plans to construct 12 buildings at LEAP campus in Boone County
The company’s more detailed plans for the project reveal the 12 buildings would range in size from a 3,200-square-foot visitors center to a pair of three-story, 330,000-square-foot manufacturing facilities.
Lafayette leaders want answers about water usage for IEDC’s Boone County tech park
A group of elected officials, business leaders and community members in the Lafayette area are drafting a letter to the Indiana Economic Development Corp. seeking details about the state’s plans to draw water from the Wabash River aquifer.
Boone County residents file legal challenge over LEAP annexation
The residents say the city of Lebanon failed to follow state zoning law when it annexed 5,200 acres of land for the planned LEAP district in Boone County.
Holcomb speech delivers familiar call to attract more high-wage employers
Gov. Eric Holcomb stressed in his State of the State address that further investments are needed in K-12 schools and higher education, workforce training and public health if Indiana expects to meet the talent demands of high-wage employers.
New IEDC hire to focus on West Coast
The Indiana Economic Development Corp. said it hired Jillian Ochs to the new position of West Coast business expansion specialist with the goal of attracting high-tech investment from businesses and entrepreneurs in California.
Democrats seek greater legislative oversight of IEDC
The Indiana Economic Development Corp. is asking for $600 million over the next two years for a deal-closing fund, along with a one-time injection of $150 million for a revolving fund for land purchases. Democrats argue that Republicans already have given the agency a “blank check.”
In budget request, Holcomb doubles down on economic development strategy
The funding requests are part of the governor’s ambitious $3 billion “Next Level Agenda,” which calls on state lawmakers to approve historic investments in education, public health and state employee salaries.