Indiana Economic Development Corporation

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Three prominent Hoosier farmers will be part of the agricultural advisory committee for the Trump-Pence campaign.

The Indiana-based co-chairs of Trump's agriculture committee represent three of the largest and most well-connected farm businesses in the state and the country.

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Walmart says it plans to build a milk processing plant in Fort Wayne -- that would employ about 200 people to the area by the end of 2017.

Those jobs will pay more than the state’s average wage of $21.55 per hour, says Abbi Gras, spokeswoman for the Indiana Economic Development Corporation.

She says it will also help Hoosier farmers, who will sell the milk to Walmart to process at the Allen County plant. Gras says this will help save on transportation costs and also allow them more options when selling.

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A bill to fully fund all three winners of the Regional Cities Initiative breezed through the Senate Appropriations Committee Thursday.

The Regional Cities Initiative money comes from the 2015 tax amnesty program, and all $84 million was originally meant to be split between two regions.  This economic development program aims to encourage cooperation across city and county lines. 

courtesy GE

Governor Mike Pence announced Thursday that 2015 is a record-breaking year for economic development. 

Pence says 323 companies, up from 285 in 2014, pledged to create new jobs over the next few years.

“Those 323 companies are committing to create 26,555 new Hoosier jobs" he says, "and it represents more than 4.79 billion dollars of investment in the state of Indiana.”

That’s the highest number of companies committed to expansion in the state since the creation of the Indiana Economic Development Corporation in 2005.

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The Indiana Economic Development Corporation will soon decide which regions are awarded $84 million for the Regional Cities Initiative, and lawmakers could decide this coming session whether more money will be given out.

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Telecommunications companies are beginning a six-year push to make broadband connections more widely available in Indiana.

Four-percent of Indiana homes and businesses, mostly in rural areas in the southeast part of the state, don't have broadband.

Three telecom providers will receive $51-million a year from a new federal grant program earmarked for bringing broadband to hard-to-reach areas. They'll wire up 135,000 homes and businesses by 2020. That'll cut the number of homes and businesses without broadband roughly in half.

Porter Novelli

Just two-and-a-half months after hiring global public relations firm Porter Novelli to combat the negative impact of the Religious Freedom Restoration Act, the Indiana Economic Development Corporation Thursday cancelled its contract with the company. 

The IEDC hired Porter Novelli in April in the wake of backlash over the RFRA controversy to “remind the world that Hoosiers welcome everyone.” 

Indiana Economic Development Corporation

The Indiana Economic Development Corporation took out a full-page ad in the Wall Street Journal today Wednesday criticizing Connecticut’s $1.5 billion dollar corporate tax increase and touting Indiana’s business-friendly policies.

The ad that was placed in the Connecticut, New Jersey and New York versions of the Wall Street journal bears this message: “Friends don’t let friends pay higher taxes.”

Indiana Economic Development Corporation

A group of nearly 20 lawyers and judges will convene this summer to establish parameters for a new type of court in Indiana. The state already has specialty courts that try drug cases or those involving veterans – but most of those are criminal cases.

The newest courts will hear complex civil cases brought between businesses. Commercial courts exist in almost two dozen other states and help to clear cases which would otherwise bog down a docket. They’re designed to be “business friendly” – but what that means for a state is a bit of a gray area.

Cummins / http://www.cummins.com/

Gov. Mike Pence this week is working to gain more business from China.

He’s on his sixth trade mission since taking office.

China is Indiana’s fifth largest trading partner, generating $1.4 billion for the Hoosier State last year, and some of the state’s biggest companies – including Dow AgroSciences, Eli Lilly and Cummins – have Chinese operations.

Pence says his economic development officials believe China is looking to invest more in North America, and that his trip is aimed at giving Indiana an advantage.

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