Braun replaces IEDC board members with new appointees
The sweeping move fulfills a pledge Braun made Thursday when he confirmed he planned to dismantle and reconstruct the existing board of the state’s economic development agency.
Indiana Economic Development Corporation
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Braun planning to dismantle IEDC board, appoint new members
Indiana Gov. Mike Braun confirmed Thursday that he plans to reconstruct the board of the Indiana Economic Development Corp. with new members beginning Monday.
50+ state employees—including IEDC workers—laid off as Indiana cuts take effect
The Governor’s Office confirmed that agencies under both the education and commerce verticals announced staff reductions on Tuesday. The Indiana State Museum also let go of several employees last week.
State hires firm specializing in ‘crisis and transformation’ to audit IEDC
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.
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 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.