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.
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.
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.
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.
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.
David Rosenberg, chief operating officer of the Indiana Economic Development Corp., replaces Brad Chambers as Indiana secretary of commerce.
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.
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.
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.
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.
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.
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.
The agency last year received $1.6 million from the federal Minority Business Development Agency and added $400,000 in matching funds.
The outgoing state commerce secretary said he’ll give a gubernatorial bid “due consideration.”
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.
The news comes less than a month after South Korea-based Samsung SDI chose Indiana for the location of a projected $3 billion electric vehicle battery cell plant.
Officials are eyeing a few commercial and industrial parks they believe could benefit from the model that puts the state in charge of acquiring land and master-planning a site.
ConnectIND has a portal with information on everything from funding sources to coworking spaces to business incubators. It also has a network of 10 navigators being hired around the state to offer free guidance and support for the portal’s users.
The Indiana Economic Development Corp. received the green light Thursday to spend $122 million to purchase roughly 1,000 acres of land as part of an incentive package to lure a global semiconductor manufacturer to central Indiana.
The Indiana Economic Development Corp. disclosed that it is also courting a $3.2 billion data center project that could result in 250 high-wage jobs in Boone County.
