2021 Year in Review: Schellinger leaves IEDC; Chambers takes over
Longtime commercial real estate developer Brad Chambers was named Indiana’s secretary of commerce, roughly three months after Jim Schellinger abruptly resigned the position
Indiana Economic Development Corp.
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IEDC zooms to Vegas to promote state tech sector
The Indy Autonomous Challenge will be part of the splashy CES trade show Jan. 5-8 in Las Vegas, where Hoosier business leaders plan to use the racing event as a vehicle for promoting Indiana’s tech economy to a potentially worldwide audience.
$500M in READI grant funding dished out to all 17 applicants
Seventeen regions representing all corners of the state will each get a slice of the $500 million in state-funded regional grants, with $65 million going to regions in the Indianapolis metro area.
Which communities will land $500M in regional grants? Answers come Tuesday
The 17 applications outline hundreds of projects in urban and rural communities, from mixed-use developments, affordable housing, local downtown renovations and workforce training programs to new parks, trails, sports complexes and concert venues.
Indiana renews plans for global economic summit
The Indiana Economic Development Corp. said the event will “showcase the state’s leadership role in transformative ideas, disruptive technology and urgent deliberation on the economy of the future.”
Holcomb to seek more funding for READI regional grants amid overwhelming interest
Gov. Eric Holcomb said interest in the Regional Economic Acceleration and Development Initiative, or READI, has surpassed the state’s expectations—so much so that the allotted $500 million in funding will fall far short of meeting every region’s vision.
IEDC chief lays out state’s new strategic plan for economic growth
Indiana Secretary of Commerce Brad Chambers has a vision for the state to “shoot higher” in its economic development efforts, which he outlined Thursday morning in a five-point strategy.
IEDC works with accelerator to bring startups to Indiana
Gener8tor is launching four industry-specific programs within its gBETA accelerator for early-stage startups from both Indiana and around the United States, hoping some will move here.
IEDC hires consultant to study state’s entrepreneurial ecosystem
The IEDC has agreed to pay $150,000 to San Francisco-based consultant Startup Genome to generate a snapshot report of the state’s entrepreneurial climate. Based on the results of that report, the IEDC will decide whether to contract with the consultant for additional work.
British Airways seeking to launch direct London-to-Indianapolis flight
If the route becomes official, it would be the first trans-Atlantic flight from the Indianapolis since Delta Air Lines discontinued its Paris flight in March 2020 due to the coronavirus pandemic.
Indiana goes on offense to capture evolution of electric-vehicle industry
Using tax incentives , an EV commission and membership in a regional network promoting EV infrastructure, the Holcomb administration is looking to increase EV manufacturing statewide.
Qatar delegation visits Indiana to foster future business partnerships
Members from the Qatari commercial attache’s office met with Gov. Eric Holcomb, Secretary of Commerce Brad Chambers and more than 30 Indiana-based companies on Tuesday.
Artificial intelligence consultant opens downtown office, plans to hire 38
Atrium is led by CEO Chris Heineken, the former chief operating officer of Indianapolis-based cloud consulting firm Appirio.
Sporting-goods firm establishing HQ, manufacturing in Plainfield, plans to hire 300
The company, recently formed to consolidate several prominent athletic gear brands, plans to invest nearly $19 million in the new facility. The state has pledged $5 million in economic development incentives.
Indiana grants aim to keep factories on cutting edge of technology
Manufacturing Readiness Grants launched last year as a pilot to stimulate private-sector investments in modernizing Indiana’s manufacturing sector.
Four local manufacturers score Manufacturing Readiness grants
More than $2.8 million has been awarded to 34 companies across the state in the fourth round of Indiana’s Manufacturing Readiness Grant program, the state announced Thursday morning.
Milwaukee tech startup moves to Indy, will add 68 jobs
Paxafe Inc., which recently moved into 700 square feet of office space at 55 Monument Circle, plans to hire data scientists, machine learning engineers, product managers, software engineers and customer operations representatives.
IEDC chief makes new hire for his leadership team
Indiana’s new Secretary of Commerce, Brad Chambers, is shaping his executive team, bringing in David Rosenberg as executive vice president of the Indiana Economic Development Corp.
Beck’s opens world-class soybean tower in $62M expansion
The 10-story tower in northern Hamilton County is one of the largest soybean processing towers in the world, capable of processing three million bushels of soybeans annually, doubling Beck’s processing at the location.
Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.