It is said fortune favors the bold. Well, this is Indiana and BOLD is in our DNA. In just two years, Indiana has secured over $70 billion in new committed capital investments, building bold ecosystems, advancing the high-tech industries that will put Indiana at the center of tomorrow's global economy and solidify the state's life sciences position throughout the world. 

Indiana's disruptive innovators are making life-changing discoveries and revolutionizing medical technology. Learn more about why Indiana is top five for biopharmaceutical jobs and why it is home to 14 nuclear medical companies. 

Indiana Celebrates Small Business Week and the Vital Impact Entrepreneurs Have on Thriving Hoosier Economy  

IEDC Press Release | April 29, 2024

“Indiana ranks No. 2 in the U.S. for starting a business by Forbes and has been recognized as a top 40 global emerging destination for entrepreneurship by the Global Entrepreneurship Network and its partners at Startup Genome. The state’s entrepreneurial ecosystem has a significant impact on Indiana’s economy and its communities, with Indiana’s youngest companies (under five years of age) accounting for the majority of net new job growth in the state and contributing an estimated $11.5 billion to Indiana’s GDP in 2022.”

Gov. Holcomb Announces Google is Building a $2B Data Center in Northeast Indiana

IEDC Press Release | April 26, 2024

“Governor Eric J. Holcomb joined Indiana Secretary of Commerce David Rosenberg and executives of Google (NYSE: GOOG) today to announce plans to establish a new $2 billion data center in Fort Wayne, powering the company’s AI innovations and growing Google Cloud business for customers across the world.

‘Indiana has made it a strategic priority to cultivate the economy of the future, and we’re already seeing the impact of our work thanks to the partnership of companies like Google,’ said Gov. Holcomb. ‘Not only is Google choosing Indiana to power its global AI and cloud infrastructure, but we’re thrilled to see the company already investing heavily in the northeast Indiana community. These initiatives will help skill up our Hoosier workforce, preparing residents for the jobs of the future. And, at the same time bringing clean energy resources to the region propelling continued growth in industrial sustainability.’”

AWS Plans to Invest $11 Billion in Indiana, the Largest Capital Investment in the State's History

Amazon.com | April 25, 2024

“Today, Amazon Web Services (AWS) announced plans to invest an estimated $11 billion in Indiana, creating at least 1,000 new jobs and marking the largest capital investment in the state’s history. With the support of Governor Eric Holcomb and the Indiana Economic Development Corporation (IEDC), AWS will build new data centers in St. Joseph County. AWS will also contribute up to $7 million to support road infrastructure improvements being built by the state and local community surrounding the company’s planned development.

This planned investment is part of Amazon’s long-term commitment to Indiana. Since 2010, we've invested $21.5 billion in the Hoosier State and have added $19.8 billion to Indiana’s gross domestic product, helping support customers, employees, and communities. Amazon’s investments have created 26,000 full- and part-time jobs in the state. Amazon's commitment to Indiana also includes enabling four solar farms and a wind farm, with a combined capacity of more than 600 megawatts of renewable energy, enough to power approximately 146,000 homes.”

Gov. Holcomb Announces $1.4B Toyota Investment as Indiana Continues to Lead the Future of Mobility

IEDC Press Release | April 25, 2024

“Company’s new battery electric SUV grows Toyota’s total Indiana investment to $8B, solidifying its long-term stability in Southwest Indiana.”

“‘Indiana and Toyota share a nearly 30-year partnership that has cultivated job stability and economic opportunity in Princeton and the surrounding southwest Indiana region for decades,’ said Governor Eric J. Holcomb. ‘Toyota’s investment in the state began with an $800 million commitment and has grown to over $8 billion. Today’s incredible announcement shows yet again just how important our state’s business friendly environment, focus on long-term success and access to a skilled workforce is to companies seeking to expand and be profitable far into the future. Indiana proudly looks forward to continuing to being at the center of the future of mobility.’”

This U.S. City Was Just Named the Best Place to Live for Low Cost of Living

Travel and Leisure | April 25, 2024

“South Bend, which is located on St. Joseph River in Northern Indiana and is home to about 103,000 residents, received an overall grade of A- based on its performance in several categories, such as housing, jobs, diversity, and cost of living. According to Zillow, the median home value in South Bend is $169,000, or over $200,000 below the country's average, and the median rent is $935, which is also lower than the national average of $1,268. In addition, the overall cost of living, which takes into account expenses such as groceries, transportation, clothing, and utilities, is 18 percent lower than the national average.”

Indiana #1 Midwest State in Chief Executive Magazine's 2024 CEO Survey of Best and Worst States for Business

PRNewswire | April 24, 2024

“CEOs surveyed for Chief Executive magazine's annual list of the Best and Worst States for Business once again ranked Indiana as the top-ranked Midwestern state and the sixth-best state for business overall, maintaining its elite position on the list from last year. The rankings, released in the Spring issue of Chief Executive, reflect Indiana's ongoing efforts to create a welcoming environment for businesses of all sizes and industries."

Gov. Holcomb Awards READI 2.0 Funding, Expected to Yield $11B in Generational Quality of Place Investments Statewide  

IEDC Press Release | April 11, 2024

“The funding, made available through the expansion of the Indiana Regional Acceleration and Development Initiative (READI), was approved today by the Indiana Economic Development Corporation (IEDC) board of directors at a special session hosted by the governor and Secretary of Commerce David Rosenberg. READI 2.0 will grow the state’s overall program commitment to $1 billion, marking an unprecedented state-led investment in cultivating vibrant, modern and sustainable communities that attract and retain top talent.”

Nvidia Partner Bets $3.9 Billion on the Midwest’s Chip-Making Potential

MSN.com | April 3, 2024

“South Korea’s SK Hynix said it plans to invest $3.9 billion in an advanced chip-packaging facility in West Lafayette, Ind., the latest win for Midwestern states seeking a bigger piece of America’s burgeoning semiconductor industry. The planned plant is set to mass-produce high-bandwidth memory, or HBM, a critical component to artificial-intelligence computing, SK Hynix said Wednesday. The facility, which will also host research and development activities, is expected to start mass production in the second half of 2028 and bring more than 1,000 new jobs to the region, the firm said.”

Funding for Indiana's Entrepreneurship Ecosystem Continues to Grow, Supporting Entrepreneurs and Collaborative Ecosystem

IEDC Press Release | April 1, 2024

“The Indiana Economic Development Corporation (IEDC) announced today it is allocating additional funds to its Community Collaboration Fund (CCF), making up to $1 million available to support community-led projects focused on entrepreneurial education, connection and acceleration across Indiana. CCF, which awarded an initial $500,000 in its pilot phase last year, is designed to further accelerate entrepreneurial activity and resources statewide, with a particular focus on underrepresented founders and underserved markets."