For sale: IEDC land purchased for LEAP, never used
The Indiana Economic Development Corp. quietly listed two purchases for sale one month ago. Prices for both are less than what state taxpayers paid two years ago for the properties.
Indiana Economic Development Corporation
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Indiana Economic Development Foundation releases annual audits at Braun’s demand
The state-affiliated nonprofit averaged more than $2 million in spending annually on travel and more.
Elevate says state funding freeze endangers startups, entrepreneurial community
Commerce Secretary David Adams announced last week that the state had frozen funds earmarked for Elevate Ventures, but he did not outline specific concerns about the nonprofit or its operations.
Braun: State investigating possible ‘impropriety’ at IEDC, freezing venture capital funds
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.
Lawmakers slash state economic development funding by 25% in budget compromise
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.
Braun arranging for independent IEDC audit amid transparency concerns
Gov. Mike Braun confirmed Tuesday he is arranging for an independent audit of Indiana Economic Development Corp.’s spending and accounts, just weeks after he ordered more transparency for the agency’s nonprofit foundation.
Greg Weaver: Braun’s progress on public transparency brings hope for more
There’s much more work to be done to assure transparency throughout the rest of state and local government.
Braun orders state-affiliated nonprofits to produce missed transparency reports
The Governor’s Office singled out the Indiana Economic Development Foundation, which supports IEDC travel and business-attraction efforts, for failing to produce years of transparency reports.
Bill creating transparency measures for Indiana economic development agency heads to House floor
Critics of the Indiana Economic Development Corp., which receives hundreds of millions in tax dollars each year, have wondered whether the agency has been transparent and fiscally responsible enough.
LEAP spending nears $1B with projected budget shielded, investigation finds
The LEAP Research and Innovation District, led by the Indiana Economic Development Corp., is among the costliest economic development projects Indiana has attempted. But the agency’s structure obscures its spending and who benefits.
Lawmakers propose transparency measures for Indiana Economic Development Corp.
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.
Indiana Ethics Commission approves waivers for 4 outgoing agency heads
Indiana’s Ethics Commission on Thursday unanimously approved post-employment waivers for four agency heads moving on from state government as Gov.-elect Mike Braun takes over. That includes David Rosenberg, president and CEO of the controversial Indiana Economic Development Corporation.
New bills seek to sever state business ties to companies in adversarial countries
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.
EDC head David Rosenberg withdraws ‘premature’ conflict of interest ask
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.
IEDC secures budget approval for LEAP pipeline, land and infrastructure
Indiana’s State Budget Committee on Thursday approved a combined $101 million for a water pipeline, land and infrastructure for a controversial industrial park.
State government buildings get new signs at cost of $820,000
Three new signs declaring key state slogans are now up on several Indiana state government center buildings in downtown Indianapolis. The total cost was about $820,000. Not all was taxpayer money.
How the SK Hynix project came together—and another fell apart
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.
Legislation that would reel in IEDC likely to return in 2025
State Sen. Spencer Deery said he plans to reintroduce similar legislation in 2025. From his viewpoint, the agency has become too focused on big deals.
House Republicans to push retiree 13th check, antisemitism bills; Democrats call for IEDC transparency, ballot initiatives and more
Indiana’s House Republicans will prioritize boosting retirement benefits for public employees and banning antisemitism in public educational institutions, alongside bills on job training and administrative law. Democrats, meanwhile, focused on accountability.
Holcomb defends LEAP pipeline, prepares for last legislative session
Gov. Eric Holcomb defended the timeline process for a water pipeline from Tippecanoe County to Boone County for a massive, high-tech development grounded by a multibillion-dollar investment from Eli Lilly.