IndianaEconomic development.
What it does
Establishes the office of entrepreneurship and innovation (office). Specifies the duties of the office. Transfers oversight responsibilities of certified technology parks from the Indiana economic development corporation (IEDC) to the office.
More detail
Provides for the submission of an annual report of the activities of an innovation development district as to financial information pertaining to tax increment financing districts in an innovation development district to the: (1) fiscal body of the county, city, or town; and (2) department of local government finance. Provides that before the IEDC may purchase land in a county that in total exceeds 100 acres whether acquired in one transaction or a series of transactions, the IEDC must first give notice, in writing, to the board of county commissioners of the county in which the land is located (and to the mayor of a city if the land is located within a city) not later than 30 days before the closing date for the purchase or purchases. Requires the IEDC to provide to the budget committee a copy of the notice being provided to the local unit in which certain land is being purchased. Provides that if the IEDC extends an offer to one or more voting or nonvoting members of the budget committee to tour a potential economic development site that may receive state assistance in undertaking the project, the IEDC shall simultaneously extend the same offer to all voting and nonvoting members of the budget committee. Requires the governor to appoint the president of the IEDC, who shall serve at the pleasure of the governor and report to the secretary of commerce. (Under current law, the secretary of commerce is the president of the IEDC.) Repeals the statute that expires the central Indiana regional development authority.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 1Signed by the Governor Mike BraunBecame Law
- May 1Public Law 145Major
- Apr 23Signed by the President of the SenateMajor
- Apr 22Signed by the SpeakerMajor
- Apr 17Signed by the President Pro TemporeMajor
- Apr 16Senate concurred with House amendments; Roll Call 467: yeas 41, nays 0
- Vote recorded SB 516 - Buchanan. Result: pass.Upper
- Apr 15Senator Alting added as coauthor
- Apr 7Motion to concur filedMinor
- Apr 2Returned to the Senate with amendmentsMinor
- Apr 1Third reading: passed; Roll Call 348: yeas 87, nays 4Passed House
- Vote recorded SB 516 - Lopez - 3rd Reading. Result: pass.Lower
- Apr 1Representative Porter added as cosponsor
- Mar 31Amendment #1 (DeLaney) failed; Roll Call 328: yeas 33, nays 57Major
- Vote recorded SB 516 - Lopez - 2nd Reading. Result: fail.Lower
- Mar 31Second reading: ordered engrossedMinor
- Mar 27Committee report: amend do pass, adoptedMinor
- Mar 13Representative O'Brien added as cosponsor
- Mar 3First reading: referred to Committee on Ways and MeansMinor
- Feb 21Referred to the HouseMinor
- Feb 20Third reading: passed; Roll Call 209: yeas 49, nays 0Passed Senate
- Vote recorded SB 516 - Buchanan - 3rd Reading. Result: pass.Upper
- Feb 20House sponsor: Representative Lopez
- Feb 20Cosponsor: Representative Teshka
- Feb 17Second reading: amended, ordered engrossedMinor
- Feb 17Senator Raatz added as second author
- Feb 17Amendment #1 (Goode) prevailed; voice voteMajor
- Feb 13Senator Randolph added as coauthor
- Feb 13Committee report: amend do pass, adoptedMinor
- Feb 6Senator Ford J.D. added as coauthor
- Feb 6Committee report: amend do pass adopted; reassigned to Committee on AppropriationsMinor
- Jan 16First reading: referred to Committee on Commerce and TechnologyMinor
- Jan 16Authored by Senator BuchananIntroduced