Loan-related Elevate Ventures questions remain following audit report release
An audit report released Thursday does not address some lingering issues between Elevate and the Indiana Economic Development Corp., including a loan default issue.
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Indianapolis YMCA seeks $750K to help make up for state cuts to child care
The state previously announced that it would cut Child Care and Development Fund vouchers beginning next week.
Takeaways from the forensic audit of the IEDC, Elevate Ventures and other related entities
The report details findings related to the Indiana Economic Development Corp., the Indiana Economic Development Foundation, the LEAP District, Elevate Ventures and the Applied Research Institute.
State releases results of monthslong forensic audit of IEDC, affiliated agencies
The 127-page report comes just over a week after the IEDC board unanimously agreed to publicly share it—pending legal review—and roughly five months after it was announced.
Secretary of state tops statewide official travel spending
A new state law for many public officials mandates reporting every Oct. 1 on travel expenses for trips “taken in an official capacity,” including whether state funding was used to cover costs.
Hoosiers could see few short-term impacts of government shutdown, officials say
That’s in part because Indiana “isn’t as dependent on federal government largess,” Gov. Mike Braun told reporters on Wednesday.
Credit rating agencies flag property tax bill for creating ‘uncertainty’ for local bonds
Experts warn that Indiana’s cities, towns and counties could take a hit to their credit rating through no fault of their own, but rather due to continued fallout from the state’s effort to curb property tax growth.
Redefined Indiana economic development roles coming, months after legislative mandate
Secretary of Commerce David Adams remains both CEO and president of the Indiana Economic Development Corp., but that’s expected to change next month.
Indiana Democrats prep for voter redistricting battle
Republican legal leaders, including Indiana Attorney General Todd Rokita, have declared a congressional district map redraw “perfectly legal.” Democrats and other opponents say they’ll challenge any such move in court.
Panel hears warnings on rising Indiana prison population, local corrections funding shortfalls
Indiana lawmakers heard stark warnings that the state’s prison population is again nearing capacity while funding for local alternatives is shrinking.
Hoosier farmers celebrate Taiwan’s pledge to buy $6B in U.S. corn and soybeans
With Indiana Gov. Mike Braun and Lt. Gov. Micah Beckwith on hand, leaders of Indiana’s corn and soybean lobbies signed letters of intent with officials from Taiwan on Thursday.
State explores multiyear rate setting, performance incentives for utilities
Performance-incentive mechanisms and forecasted multiyear rate plans differ in their focus, with the former looks at output—such as capacity or reliability—while the latter looks at input—such as capital, labor or materials.
State plans to ‘wind down’ the Indiana Economic Development Foundation
The nonprofit, which raises money to support Indiana Economic Development Corp. activities, was singled out by Gov. Mike Braun amid calls for greater transparency regarding taxpayer dollars.
IEDC board OKs public release of forensic audit of agency, affiliated entities
Gov. Mike Braun ordered the audit in April, citing unspecified concerns about transparency at the Indiana Economic Development Corp. and its related entities.
UPDATE: IEDC board allows Elevate Ventures to continue investment activity
The move came hours after Gov. Mike Braun—whose administration last spring froze funding for the nonprofit—made an unscheduled appearance at Elevate’s Rally innovation conference.
Indiana interim courts committee concludes without recommendations
After meeting for just over three cumulative hours this year, the interim courts committee came to a close Tuesday without making any recommendations on its assigned topic: medical debt.
Braun calls for IURC board applicants, places energy bills front and center on policy agenda
Gov. Mike Braun’s call for Indiana Utility Regulatory Commission applicants comes as Indiana ratepayers have seen a steep rise in electric bills and large power users like data centers flock to the Hoosier State.
Braun says Trump administration has not threatened state’s federal funding over redistricting
Still, Trump administration officials have been pushing Indiana Republicans to call a special session focused on redistricting. Most notably, Vice President J.D. Vance traveled to Indianapolis to speak with Braun.
Governor expands cabinet roles—but how far can dual office holding go in Indiana?
Gov. Mike Braun maintains that consolidating leadership will streamline state government and save taxpayer dollars. But when can one person legally hold two government offices at once?
Indiana agencies cut staff, contracts as mandatory spending plans roll in
A grim May revenue forecast prompted lawmakers to cut most agency appropriations by 5% in the latest budget—and authorized the State Budget Agency to withhold another 5%.