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Committee advances bill creating Office of Entrepreneurship and shifting oversight of certified tech parks to new office

5840145 · March 26, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee passed Senate Bill 516 as amended to create an Office of Entrepreneurship and Innovation, require written notices to local elected officials about certain IEDC land purchases, and shift oversight of certified tech parks from IEDC to the new office; multiple transparency amendments were adopted by consent and the bill passed out of the

Representative Alexander Lopez presented Senate Bill 516, which would establish an Office of Entrepreneurship and Innovation, add reporting requirements for local governments when the Indiana Economic Development Corporation (IEDC) purchases land, and change certain IEDC leadership titles. “It stands up the office of entrepreneurship and innovation,” Lopez said, describing reporting changes for land purchases and additional transparency around certified tech parks.

Lopez said Amendment 10 clarifies to whom written notice must be provided when IEDC purchases local land — specifically naming boards of county commissioners and municipal mayors — and moves oversight of certified tech parks from IEDC to the…

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