Indiana Economic Development Corporation

Indiana Department of Administration

Governor Pence says the Indiana Economic Development Corporation has spent months traveling around the country, talking to leaders in areas that adopted a regional economic development approach.  And he says the IEDC will be spreading the lessons learned from those talks across Indiana as the Regional Cities Initiative is rolled out. 

While the program will force regions to compete for relatively limited dollars, Pence says his hope is that it also helps end some competition:

State Hires Public Relations Firm In RFRA Aftermath

Apr 16, 2015
Noah Coffey / https://www.flickr.com/photos/noahwesley/

After public outcry over the Religious Freedom Restoration Act and an attempt to satisfy LGBTQ groups didn’t hit the mark for everyone, Indiana will invest in a public relations firm to reshape its image.

The Indiana Economic Development Corporation and the Office of Tourism Development hired public relations firm Porter Novelli earlier this week.

Bill Would Make Regions Collaborate, Compete For Dollars

Mar 4, 2015
Noah Coffey / https://www.flickr.com/photos/noahwesley/

A bill that would create an initiative granting funding to collaborating groups in regions around the state is moving through the Indiana Senate.

The Regional City Fund would grant or loan regions money to improve the area based on a proposed growth plan.

Indiana Economic Development Corporation President Eric Doden says it’s similar to the state’s existing Stellar Communities grants, but the new initiative is more collaborative.

Study Aimed At Improving Regional Economies In Indiana

Jul 8, 2014
State of Indiana / http://iedc.in.gov/

A Pittsburgh consulting firm has begun a study aimed at boosting regional economies in Indiana.

At Governor Pence‘s request, legislators this year called for a study comparing regional cities in Indiana to similar regions in other states, then examining what the comparable cities have done to spur economic development and looking for patterns which might be duplicated here.

Indiana Economic Development Corporation president Eric Doden says the legislation didn‘t specify which cities to study, or which clusters of cities constitute a region.

Sarah Browning / https://www.flickr.com/photos/smichael/4563914649

4:30 p.m. UPDATE:

Crawfordsville Mayor Todd Barton says negotiations on the expansion started around the first of the year and seemed all-or-nothing in nature.

Barton says if Crawfordsville hadn’t landed the additional jobs, it was likely the plant would have closed entirely as Penguin Random House streamlines its operation.

The company now has two national distribution centers. The other is in Maryland.

Original story:

Governor Mike Pence says Indiana needs to help its cities invest a billion dollars over the next decade to make themselves more attractive to businesses and talent.  He is calling it his “billion dollar cities” plan.

Pence says young professionals are increasingly deciding where they want to live before looking for a job, meaning it’s become more important for Indiana’s mid-size cities to improve what he calls “quality of place.”  And Pence says that covers a wide range of issues.

photo provided

The Indianapolis International Airport will begin offering nonstop service to San Francisco next year.

The United Airlines flight is scheduled to leave Indy each morning at 8 a.m. A flight back from San Francisco will return just before 9 p.m. each night.

The Indiana Economic Development Corporation will provide United with a minimum revenue guarantee during the term of the one year agreement. IEDC has set aside $1.5 million in reserve funds to provide that.

A Lafayette based cyber security research and software firm is on the state’s “Company to Watch” list.

Emerging Threats is about three-years old, but the company has existed under another name since 2003. It sells threat intelligence for the online community.

CEO Ken Gramley says making it onto the list acknowledges the company’s hard work.

“It’s certainly an honor that helps show that we are on the cutting edge of what’s happening in the state and we’re proud to be there.”

After already breaking the state’s record for job commitments in 2012, nine more companies have pledged to create more than 2,500 jobs over the new few years in locations around Indiana.

A recent New York Times report, cited by Indiana Economic Development Corporation CEO Dan Hasler during Tuesday’s announcement, showed Indiana offering the lowest economic and tax incentives to incoming businesses compared to neighboring states.  Hasler says Indiana wants to focus more on improving its overall business climate.

With a month still to go this year, the Indiana Economic Development Corporation (IEDC) announced 2012 will set a record for commitments from companies to locate or expand operations in the state. Still, IEDC CEO Dan Hasler says he’d still like to see more the commitments turn into actual jobs.

The corporation reports 220 companies have made commitments to it this year to expand or establish new operations in Indiana, translating to around $3.6 billion in investments and more than 20,000 jobs.

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