Indiana moves to reorganize

Thursday, January 06, 2005

Indiana, under its new governor Mitch Daniels, is moving quicky to reorganize its economic development efforts.

The Indiana Economic Development Corporation is a public-private entity that is scheduled to take over the economic development functions of the Indiana Department of Commerce starting July 1. The development corporation was first created at the end of the 2003 session of the General Assembly, with a provision to work out its details by July 2005. Governor Daniels wants to move up the efffective date. Opponents are gagging on the idea that the new corporation will not be subject to public disclosure laws.

The corporation will run all the state’s economic development and business programs. In addition, it will be allowed to raise private funds. One of its chief responsibilities would be negotiating incentive packages. Read more.

posted by Ed Morrison |

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