Seventeen of the state’s 23 tech parks have either hit or soon will hit the cap on the amount of tax revenue they can capture—and the people who run the sites say that puts all their progress at risk.
The 16 Tech Community Investment Fund is seeded with $3 million and plans to issue up to $1 million in grants in 2020.
The intent is to create an entrepreneurial ecosystem, filled with services and amenities that would make it easy for Purdue graduates and faculty to pursue their careers or start businesses in West Lafayette.
Netfor, which already has 119 Indiana employees, said it has begun hiring for positions in sales, customer service, cloud support and field operations.
Lenovo will change how it sells laptop computers as part of a settlement reached with federal officials and 32 states, including Indiana.
City leaders want to make the 60-acre tract of land just north of the Indiana University School of Medicine campus a mix of all of the best the city has to offer and catch the eyes of more creative and highly sought-after workers.
The envisioned 26-acre, $200-million-or-more complex would bridge IU’s School of Medicine with the city’s life sciences firms, including those at the nascent 16 Tech, a business park.
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when
Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8
million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.