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U.S. Department of Commerce Launches Funding Opportunity to Strengthen Regional Innovation, Start-ups

The U.S. Commerce Department recently announced the opening of the Economic Development Administration’s (EDA) FY22 Build to Scale (B2S) program, which is designed to invest in regional economies through scalable business start-ups. The Build to Scale program’s national competitions will deploy $45 million to further technology-based economic development initiatives that accelerate high-quality job growth, create more economic opportunities and support [...]

2022-05-06T09:01:44-04:00May 6th, 2022|

Hoosier Tech Companies Smashing Records for Capital Fundraising

Local tech companies are riding a wave of venture capital that is sweeping across the U.S. and world at record levels. The local tech sector is actually ahead of the curve nationally in terms of year-over-year percentage increase, and that hasn’t always been the case. The Indiana Chamber’s 2021 Report Card shows that while capital raised by Indiana companies has increased [...]

2021-12-08T08:19:25-05:00December 8th, 2021|

“If I Had a Billion Dollars”: An Entrepreneur’s View of Indiana’s VC Needs

My article in the August 2021 edition of BizVoice®, "Investing in Indiana: Out-of-State VC Remains Critical," focuses on the importance of investment in Indiana's tech ecosystem from investors beyond our borders. A source for the story was Christopher Day, CEO of DemandJump - an Indiana digital marketing company. As noted in the story, DemandJump enjoys support from Atlanta-based Panoramic [...]

2021-08-17T09:01:38-04:00August 17th, 2021|

Our Foundation Delivers on Research Priorities

Research and development are often characterized as the lifeblood for sustaining and growing many industries. Taken to the next level, the R&D combination is critical for a state – and even a nation – to thrive. The Indiana Chamber Foundation has been focused on the state research part of the equation for four decades with many significant reports and analyses over [...]

2021-06-09T16:00:56-04:00June 9th, 2021|

Indiana Vision 2025 Report Card Reveals Broadband Bump, Challenges in Education, Health and New Businesses

(INDIANAPOLIS) — Indiana’s generally attractive business climate remains a primary bright spot as outlined in the Indiana Chamber of Commerce’s Indiana Vision 2025 Report Card. However, lagging numbers in educational achievement, health care and new business formation leave much room for improvement. Furthermore, a per capita income ranking of 41st only improves to a middle-of-the-pack 24th when the state’s [...]

2021-05-24T08:28:35-04:00May 24th, 2021|

Tech Talk: Looking for a VCI Trifecta

Indiana's Venture Capital Investment tax credit (VCI credit) is set to get a major boost as a result of this year's legislative session. Early this year, I wrote about proposed changes to the VCI credit; specifically that the Indiana House’s version of this year’s budget bill, House Bill 1001, expands the VCI credit to reward those who invest in [...]

2021-04-15T07:55:01-04:00April 15th, 2021|

Tech Talk: Two Decades of VC Focus

One of the more frequent topics in these weekly outreaches is venture capital. That only seems appropriate due to its vital role in growing entrepreneurship in our state. This week, the Indiana Chamber released a two-page impact analysis of the Indiana Venture Capital Study. Commissioned in 2000 by the Indiana Chamber Foundation, that report first documented our state falling [...]

2019-05-20T12:49:20-04:00May 20th, 2019|

Indiana Chamber on State’s Venture Capital Progress and What’s Next

(INDIANAPOLIS) — A major victory in the 2019 Indiana General Assembly legislative session came with lawmakers approving transferability of the state’s venture capital investment (VCI) tax credit. That step says Indiana Chamber of Commerce President Kevin Brinegar shows how far the state has come but more work remains. “Two decades ago this tool to attract vital funding to support [...]

2019-05-13T11:28:24-04:00May 13th, 2019|

Transferability of Venture Capital Tax Credit Nearing Reality; Bills on Broadband Expansion and Data Centers Headed to Governor

Senate Bill 563 – Economic Development Authored by Sen. Travis Holdman (R-Markle) and Sen. Erin Houchin (R-Salem) Makes a variety of positive changes to tax policy and incentive programs intended to promote and enhance economic development. Of note, the bill allows a taxpayer to assign all or part of a venture capital investment tax credit (VCI), subject to certain [...]

2019-04-22T14:02:13-04:00April 19th, 2019|

Tech Talk: Indiana Moving Toward Improved Economic Tools

Venture capitalists' wallets are tightening, according to a recent report by PricewaterhouseCoopers (PwC). In the first quarter of 2019, venture capital (VC) funding fell 36% to $25 billion, with 4% fewer deals compared to the fourth quarter of 2018 – when $39 billion was invested in 1,328 deals. And while the 2018 dollars were impressive, the total number of [...]

2019-04-17T11:13:46-04:00April 17th, 2019|