Indiana's economy Archives - The Central Indiana Corporate Partnership

Embracing a Culture of Creativity: Indiana’s Overlooked Economic Engine

Ronnetta Spalding2024-12-02T11:50:17-05:00November 27, 2024|

Economic prosperity is driven by creativity in more ways than many people realize. The most successful communities are those that best leverage their creative talent and embrace art and culture to unlock their economic potential. Doing so requires an understanding of, and support for, the creative economy. The creative economy’s impact is extensive, with major implications for talent development, innovation and entrepreneurship, economic prosperity, and quality of life and place. The last century has seen extraordinary proliferation in brand new creative industries, from television and video games to animation, podcasting, music streaming, and augmented reality. Creative industries are often responsible for the creation of technical innovations. With technologies such as artificial intelligence and machine learning, new creative industries are sure to emerge in the future as well. To outcompete its neighbors, Indiana must deepen its focus on the creative [...]

New data confirms growing impact of Manufacturing Readiness Grants program on success and scale of Indiana’s small- to mid-sized advanced manufacturers

Ronnetta Spalding2024-10-08T00:47:16-04:00October 2, 2024|

INDIANAPOLIS – Conexus Indiana announced today the results of its most recent study measuring the impact of Indiana’s Manufacturing Readiness Grants program. The report reaffirms the program’s pivotal role in transforming and modernizing Indiana’s advanced manufacturing sector by incentivizing capital investments in advanced technologies at small- to mid-sized businesses. The Manufacturing Readiness Grants program was launched in 2020 as part of the Indiana Economic Development Corporation’s (IEDC) Economic Activity Stabilization and Enhancement (EASE) program. The Indiana General Assembly extended funding for the program in 2021 and again in 2023. The program has seen increasing interest, with the number of applications and continuing to exhaust funding each fiscal year. Since the program’s inception, $57 million in matching grants through 526 awards have been made in 79 Indiana counties. The program boasts a 13:1 leverage ratio, demonstrating that for every dollar [...]

Indiana’s Economic Future Phase I Report

Ronnetta Spalding2024-12-20T20:06:50-05:00November 20, 2021|

The health of the economy in Indiana is critically important for all in the state. Over the past decade, the overall performance of Indiana’s economy has been on par with Indiana’s Midwestern neighbors, but still has lagged behind national GDP growth. This is demonstrated by the state’s average annual inflation-adjusted GDP growth of 1.99% for 2010-2019 compared to national growth of 2.3%. This performance ranked Indiana 20th among states across the decade. This report is the first in a planned set of two, with this first focused on visualizing the structure and trajectory of Indiana’s economy and its underlying industrial economic drivers. It also seeks to preliminarily identify the parameters that need to be addressed, and opportunities to be pursued, to generate a high-performance economic future. Ultimately the complete program of work is focused on charting a pathway forward [...]

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