Bill > HB1101

This bill establishes a comprehensive framework for regional economic development in Indiana by requiring the Indiana Economic Development Corporation (IEDC) to designate 15 distinct economic development regions across the state. Each region will have a regional economic development commission composed of local government representatives, responsible for developing and maintaining a strategic economic development plan that includes analysis of regional assets, industry clusters, workforce strategies, infrastructure needs, and specific measurable objectives for income, population, employment, and educational attainment. The commissions must designate a primary administrative entity to implement the plan, coordinate local resources, and serve as the primary point of contact with the IEDC. The bill mandates transparency by requiring commissions to publish their strategic plans, performance data, and meeting minutes online, and allows the IEDC to conduct periodic reviews and audits. Additionally, the IEDC will develop a method for allocating tax credits and state incentives among regions, ensuring a structured approach to economic development that considers local needs and potential. The bill is set to take effect on July 1, 2026, providing time for regions to prepare and establish their commissions and strategic plans.

Budget and Finance

https://iga.in.gov/legislative/2026/bills/house/1101/details