Indiana Gov. Mike Braun, Secretary of Commerce David Adams and Central Indiana Regional Development Authority leaders have announced an investment of $1 billion in tax credits for the life science industry, in hopes of creating an anticipated 100,000 new jobs over the next decade.
As part of the March 17 announcement, Braun designated CIRDA as the regional steward to coordinate alignment and execution of the initiative.
“Anchored by global companies and supported by world-class institutions like Indiana University and Purdue University, central Indiana is a leading hub for life sciences,” the announcement stated. “The region’s robust research infrastructure, innovation and commercialization capacity, advanced manufacturing expertise and central location drive central Indiana’s growth and investment in life sciences.”
Jennifer Messer, executive director of Central Indiana Regional Development Authority, said the investment will allow CIRDA to continue to build out the region’s life sciences ecosystem and enable all communities to grow jobs and wages.
This spring, CIRDA will complete its Catalyze Planning Process, a strategic plan to expand the region’s life sciences ecosystem and accelerate innovation already underway, according to the announcement.
For more, visit centralindianarda.org/life-sciences.
