FOR IMMEDIATE RELEASE
Contact: Lance Gideon, Press Secretary
Lance.Gideon@iga.in.gov
317-234-9221
STATEHOUSE (Feb. 20, 2025) — A bill authored by State Sen. Brian Buchanan (R-Lebanon) that would establish the Office of Entrepreneurship & Innovation within the Indiana Economic Development Corporation (IEDC) unanimously passed the Indiana Senate today.
Senate Bill 516 would also require IEDC to notify local officials of a land purchase over 100 acres. The bill would also require notifications regarding Innovation Development Districts (IDDs) to local units of government affected by the IDD.
"In recent years, the IEDC has brought record-breaking investment in Indiana," Buchanan said. "However, many Hoosiers have expressed concerns about large purchases of land without local officials' knowledge. SB 516 would ensure the state is working with locals to bring the kind of businesses communities want."
The bill would also make changes in the structure of IEDC's leadership to better align with the structure implemented by Gov. Braun and would bring more transparency to economic development initiatives in Indiana.
The bill now moves to the House of Representatives for further consideration.
Buchanan encourages residents of Senate District 7 to contact him with any questions or comments they may have. Buchanan can be reached by filling out a "Contact Me" form online at www.IndianaSenateRepublicans.com/Buchanan or by phone at 800-382-9467.
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State Sen. Brian Buchanan (R-Lebanon) represents Senate District 7,
which includes portions of Boone, Clinton, Hendricks and Montgomery counties.
Click here to download a high-resolution photo.
