A new smart manufacturing hub is coming to town this summer and gearing up to boost Indiana’s manufacturing industry. At its helm are two Hoosier attorneys who have deep roots in the state’s economic development, both of whom say the legal complexities of pursuing such a venture make the process interesting.
Read More
In a career that has spanned 50 years, Douglas Church not only developed his own private practice but also played an integral role in the blossoming of Hamilton County. He served as attorney for the town of Fishers from 1980 through 2015 and for the city of Noblesville from 1988 through 1996, helping those communities formulate and implement strategies for growth.
Read More
Troubled venture capital company Elevate Ventures has been deemed “in breach of” lending language in all of its active loan agreements with the Indiana Economic Development Corp. after defaulting on an angel investment program this month.
But beyond the thrill of the race, motorsports represent a powerful engine for economic growth, job creation and technological innovation.
Pittsboro officials annexed the property into the town late last year. In March, Pittsboro’s town council unanimously approved Vantage’s request to rezone the land.
Also, at Wednesday’s meeting, the IEDC board’s entrepreneurship committee updated the investment policy for the Indiana Angel Network Fund III LLC—the investment fund managed by Elevate Ventures through which the SSBCI money flows.
One of central Indiana’s largest commercial development firms will be turned over to a court-appointed receiver in the coming weeks following a legal battle between the co-owners.
Gov. Mike Braun announced the audit last month, citing potential “impropriety” at the IEDC. He also announced a freeze of all state funds associated with Elevate Ventures.
The state-affiliated nonprofit averaged more than $2 million in spending annually on travel and more.
The actions stem from growing concerns over how the state conducts economic development activities, how much it spends on those activities and how transparent it is about its business.
The new budget proposal provides more funding for operations and business-promotion support for the Indiana Economic Development Corp., but cuts five funds and programs totaling $35 million.
In his first State of the State address, Indiana Gov. Mike Braun on Wednesday doubled down on several of his campaign promises, focusing heavily on economic issues.
After a year of public scrutiny of the Indiana Economic Development Corp.’s operations, state lawmakers have filed bills seeking to increase transparency and oversight at the agency.
A pair of recently filed bills seek to limit the state from making deals and contracting with businesses located in countries considered to be foreign adversaries.
David Adams, a former state workforce development commissioner, will be Indiana’s next secretary of commerce in Indiana Gov.-elect Mike Braun’s administration, while current Secretary of Education Katie Jenner will continue to lead the state’s education system.
Commerce Secretary David Rosenberg withdrew his request to waive job change conflict-of-interest requirements midway through a State Ethics Commission meeting Thursday. A spokeswoman for his agency acknowledged the commission found his ask “premature” in comments to the Capital Chronicle.
Indiana Gov. Eric Holcomb is scheduled to lead a trade delegation to Athens in a trip organized by the Council of State Governments.
Partners in one of central Indiana’s largest commercial development companies are fighting over the firm’s future amid one owner’s claim that the other has forced the departure of key staff and put hundreds of millions of dollars in potential business at risk.
Just hours after Indianapolis Mayor Joe Hogsett’s administration said it was concerned about development of the downtown site where owner Keystone Group has been planning to build a 20,000-seat soccer stadium for the Indy Eleven, Keystone announced that archaeologists have discovered 87 burials on a portion of the property.
The South Korean company’s announcement made waves across Indiana, but so did a decision by Minnesota-based SkyWater Technology to cancel its project at Purdue after not receiving hoped-for federal funding.
A combination of higher interest rates, the ongoing tech industry downturn and general market uncertainty put a damper on venture investment activity last year, both in Indiana and nationwide—and observers say they don’t expect the situation to improve much this year.
As Indiana Gov. Eric Holcomb heads into his last year leading the Hoosier State, he emphasized that his administration won’t be resting on its laurels — and will continue to be aggressive about new projects.