Indiana is positioning itself for strong economic growth and innovation in 2025 and 2026. With a clear focus on workforce development, infrastructure improvements, and sustainable industry growth, the Indiana Economic Development Corporation (IEDC) and Governor Mike Braun’s administration are driving initiatives designed to create high-paying jobs and improve quality of life across the state.
Strategic Economic Development Initiatives
Hoosier Workforce Investment Tax Credit
One of the centerpiece policies introduced by Governor Braun is the Hoosier Workforce Investment Tax Credit. This program incentivizes companies to invest in employee training and skill enhancement aligned with emerging industries and advanced manufacturing. By encouraging upskilling and reskilling of Indiana’s workforce, the tax credit helps close the talent gap and supports the state’s competitiveness nationally.
The state anticipates that this investment in human capital will not only boost productivity but also attract new businesses seeking a skilled labor pool. It aligns with broader efforts to increase the average wage levels in Indiana and reduce unemployment in economically distressed regions.
Restructuring the Indiana Economic Development Corporation (IEDC)
The IEDC is undergoing a significant strategic transformation to better serve businesses and communities statewide. A key element of this restructuring is an expanded focus on existing employers to ensure their growth and retention within Indiana. Additionally, the establishment of the Office of Entrepreneurship and Innovation reflects the administration’s commitment to support startups and small businesses, which are vital engines of job creation.
This office will provide resources, mentorship, and access to capital for Hoosier entrepreneurs, aiming to foster a more dynamic and innovative economic ecosystem. The IEDC’s regional approach also encourages collaboration between counties and cities to leverage local strengths and share resources.
Regional Economic Acceleration and Development Initiative (READI)
The $500 million READI program remains a cornerstone of Indiana’s economic growth plan. READI encourages regions across the state to develop tailored strategies that address workforce needs, infrastructure gaps, and quality of life improvements. Regions that successfully leverage READI funds are expected to attract at least four times the initial investment through additional public and private funding sources.
Projects supported by READI range from expanding broadband internet access to improving transportation and creating vibrant community spaces that attract talent and business investment. This initiative underscores Indiana’s belief that thriving regions lead to a thriving state economy.
Major Economic Projects Impacting Indiana
Meta’s $800 Million Data Center in Jeffersonville
Meta Platforms’ new data center project marks a significant investment in Indiana’s tech infrastructure. Located in Jeffersonville, the nearly 700,000-square-foot facility will house advanced computing equipment to support Meta’s global services. Beyond the substantial capital investment, the project will create around 100 permanent jobs, ranging from data center technicians to security and facility managers.
At peak construction, the project is expected to generate more than 1,200 temporary jobs, benefiting local contractors and suppliers. The presence of Meta signals Indiana’s attractiveness to high-tech industries, supporting the state’s diversification beyond traditional manufacturing.
Mammoth Solar Project
The Mammoth Solar Project, led by Doral Renewables, is poised to be the largest photovoltaic solar power station in the United States. When completed, it will generate approximately 1,600 megawatts (MW_DC) of clean energy, enough to power 250,000 homes.
This renewable energy project exemplifies Indiana’s commitment to sustainable economic growth and energy independence. The project is also expected to create construction jobs in the short term and long-term positions in operations and maintenance. The Mammoth Solar initiative complements Indiana’s broader goals for carbon reduction and green job creation.
AgroRenew Bioplastics Facility in Knox County
AgroRenew’s investment in a 196,000-square-foot bioplastics manufacturing plant represents an important step in Indiana’s push towards sustainability and innovation. This $82 million project focuses on converting agricultural waste into biodegradable plastics, positioning Indiana as a leader in the circular economy.
The facility will create more than 300 jobs and help diversify Indiana’s industrial base. By marrying agriculture with advanced manufacturing, this project illustrates how Indiana’s economy is evolving with cutting-edge technologies while supporting local farming communities.
Canadian Solar and Bila Solar Investments
Two other key solar energy developments include Canadian Solar’s facility in River Ridge and Bila Solar’s U.S. headquarters in Indianapolis. Canadian Solar is expected to begin hiring by mid-2024, adding hundreds of jobs in solar module manufacturing.
Bila Solar’s $35 million investment in Indianapolis will establish a manufacturing hub for solar modules and related components, creating about 240 jobs. These projects strengthen Indiana’s position in the growing clean energy sector and align with national trends toward renewable energy adoption.
Infrastructure Projects Enhancing Connectivity and Growth
Interstate 69 Ohio River Crossing
The Interstate 69 Ohio River Crossing project aims to improve transportation between Indiana and Kentucky, fostering cross-state economic activity. Construction is planned to begin by 2027, with completion targeted by 2031. The project includes a new bridge and upgrades to surrounding roadways, reducing congestion and improving freight movement.
This infrastructure improvement will be critical in supporting Indiana’s logistics and manufacturing sectors, enhancing access to markets and suppliers.
South Shore Line Airport Realignment
The South Shore Line project involves relocating the South Bend station closer to the airport’s west side. Scheduled to begin construction in early 2026, the realignment will reduce travel times and facilitate easier airport access for commuters.
Improved public transit options like this help make Indiana’s urban centers more accessible, supporting workforce mobility and regional economic integration.
Community Development and Quality of Life Initiatives
Eleven Park Mixed-Use Development in Indianapolis
Eleven Park is a $1 billion mixed-use development transforming downtown Indianapolis. Featuring a 20,000-seat soccer stadium alongside hotels, office buildings, apartments, and retail spaces, the project aims to revitalize the urban core.
Expected to be completed by 2026, Eleven Park will create hundreds of construction jobs and permanent employment opportunities in hospitality, retail, and management. The development enhances the city’s attractiveness to young professionals and families, contributing to a vibrant community.
Childcare and Affordable Housing Expansion
To address workforce challenges, Indiana is prioritizing the expansion of childcare facilities and affordable housing options. New childcare centers like the Little Alice Learning Center in Vincennes improve access to quality early childhood education, enabling more parents to join the workforce.
Housing initiatives focus on market-rate developments to accommodate growing populations in urban and suburban areas. These efforts are vital to retain and attract talent needed for Indiana’s expanding industries.
Conclusion
Indiana’s 2025-2026 economic development strategy represents a comprehensive approach to fostering inclusive growth. Through workforce incentives, infrastructure investments, major project development, and quality of life enhancements, the state is creating a robust environment for business and residents alike.
With strong leadership from Governor Braun and the IEDC, Indiana is well-positioned to capitalize on emerging industries such as renewable energy, bioplastics, and advanced manufacturing while strengthening its traditional economic sectors. The ongoing collaboration between public and private stakeholders ensures that Indiana’s economic future is innovative, sustainable, and prosperous.
