Indiana Leaders Walk Back IEDC Foundation ‘Wind-Down’ as Spending Nears $500,000

Indiana leaders walk back IEDC foundation ‘wind-down’ as spending nears $500,000

The Indiana Economic Development Corp.’s foundation is showing no signs of shutting down — spending almost $500,000 last year despite indications from leaders that the entity was on its way out.

Indiana leaders walk back IEDC foundation 'wind-down' as spending nears $500,000

Gov. Mike Braun answers reporter questions after a meeting of the Indiana Economic Development Corp.'s board of directors on Wednesday, March 18, 2026 at the State Library in Indianapolis. (Photo by Leslie Bonilla Muñiz/Indiana Capital Chronicle)The Indiana Economic Development Corp.’s foundation is showing no signs of shutting down — spending almost $500,000 last year despite indications from leaders that the entity was on its way out. “As we s…

Gov. Braun says he might retain some Indiana Economic Development Foundation functions

Gov Braun provides update on economic development change INDIANAPOLIS (WISH) — Republican Gov. Mike Braun on Wednesday said he might hang on to some of the functions of a now-dormant nonprofit connected to the Indiana Economic Development Corp. Braun in September said he would wind down the Indiana Economic Development Foundation. The nonprofit paid for ventures such as international travel for economic development purposes connected to the func…